Financial Statements XACC/290 January 12‚ 2014 Melissa Drayton Financial Statements There are four basic financial statements: balance sheet‚ income statement‚ retained earnings statement‚ and statement of cash flows. These financial statements would include an overview of the assets‚ liabilities‚ expenses‚ and revenues of the business. Financial statements are useful not only to internal user; such as managers and employees‚ but also to external users; such as investors and creditors to
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four key qualitative characteristics of financial accounting information. The others being understandability and comparability. Relevance requires that the financial accounting information should be such that the users need it and it is expected to affect their decisions. Reliability requires that the information should be accurate and true and fair. Relevance and reliability are both critical for the quality of the financial information‚ but both are related such that an emphasis on one will hurt
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Could the American Revolutionary war have been avoided? The American Revolutionary war is a war that changed the American history because America was able to gain freedom from England. When looking at this war after many years and analyzing all the conflicts that lead to it‚ it can be concluded that the war could have been avoided. There are several reasons that ignited the war such as the refusal of the Olive Branch Petition by King George III‚ the Pamphlet‚ Common Sense‚ published by Thomas Paine
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are many illegal drugs that are being abused by our society today. Drugs such as marijuana‚ meth‚ and the abuse of prescription medications are on the rise. It is important for everyone to raise their level of awareness in order to reduce the risk of drug abuse or to help someone they care for who is already suffering from drug abuse or addiction. Illegal drugs come in different shapes‚ sizes‚ and types. Each particular drug produces unique effects on the user; this is why you may have heard the
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Graduate School Theses and Dissertations Graduate School 6-1-2008 Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and fraud detection using data mining Johan L. Perols University of South Florida Follow this and additional works at: http://scholarcommons.usf.edu/etd Part of the American Studies Commons Scholar Commons Citation Perols‚ Johan L.‚ "Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and
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costs and make pricing decisions using relevant informations. And than this report will assess the viability of a project using investment appraisal techniques and discuss the main financial statements. Compare appropriate formats of financial statements for different types of business. Interpret financial statements using appropriate ratios and comparisons‚ both internal and external. 3.1 analyse budgets and make appropriates decisions According to this data‚ Kaitai HK(GuangZhou) monthly budget
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Effects of Inventory errors Seshavradhanr Rao Maramraj ACC 539 Week 2 August 10 2008 Effects of Inventory errors A. The ending inventory reported in 2002was overstated by $ 23‚500 for merchandise that Kirk’s Servistar hold on consignment. Therefore‚ the ending inventory in 2002 is $ 91400-$ 23‚500 = $ 67‚900 and the beginning inventory in 2003 is $ 67‚900. The correction of the 2002 and 2003 income statement is | | |2003
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Pets: The Many Effects They Have on Their Owners Everest University Andrew McMonigle Instructor: Sarah Carson 3/30/2013 Pets are known to have many different effects on their owners. Pets have the ability to lighten up someone’s day and make them forget about their stress from school and work. Many people enjoy having pets in their homes. Different types of pets offer unique experiences for their masters. With most animals there comes a classification of different breeds that one can choose
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Financial Statements are described as the language of business. These statements tell the condition and performance of a business historically‚ currently and prospectively. The main objective is to provide information about financial position‚ financial performance and cash flows of an entity used in making economic decisions. ELEMENTS OF FINANCIAL STATEMENTS Financial Statements portray the financial effects of transactions and other events by grouping them into broad classes according to their
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Belonging Related Material Statements When going back to a familiar place it can evoke emotions that you would not have if you didn’t have a strong belonging feeling. Places of natural beauty can evoke a strong sense of belonging Sample STEEL S: Places of natural beauty can evoke a strong sense of belonging. Wintons description of the beach and ocean show this to the reader. TEE: The description of the ocean help to evoke emotions connected to belonging. “deeps and shallows‚ black and turquoise
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