1. Sources of GAAP and basic framework and concepts ........................................................... 3 2. Reporting net income ................................................................................................... 14 3. Income statement: Income from continuing operations ................................................................................ 17 Discontinued operations ...............................................................................
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Case Study: Samantha Case Study: Samantha Samantha is a 48-year-old African American elementary school teacher who has been married four times. She was first married to her high school sweetheart at the age of 18. He died three years later in the Vietnam War. She married her second husband seven years after that‚ but the marriage ended in divorce‚ when it was discovered that her husband was gay. Her third marriage was to a man who was 10 years her junior and that
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occur around plate boundaries. Activity 2 2.1.1 Divergent boundary 2.1.2 Convergent boundary 2.1.3 Transform boundary 2.2.2 Divergent boundary Divergent boundaries cause oceanic ridges‚ valleys and lakes. Divergent boundaries can cause volcanic eruptions. Location: Basalt in (Mid-Atlantic Ridge‚ East-African Rift). Convergent boundary Leads to trenches valleys or coastal and intra-continental mountain ranges being formed convergent boundaries often lead to the
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Corporate Reporting Paper P2 (International) Course Notes ACP2CN07 (INT) P2 Corporate Reporting (International) Study Programme 1 2 3 4 5 6 Page Introduction to the paper and the course............................................................................................................... (ii) The financial reporting framework .............................................................................................................. 1.1 Professional and ethical duty of the accountant
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What were the consequences that befell the company upon the discovery of the fraudulent activities? The Satyam case the discovery of the fraudulent activities gives big impact to the stakeholders. First of all‚ the Satyam business will be in difficulties and cannot focus on the core business. Satyam may be collapse like Enron Company. Employees of Satyam spent anxious moments and sleepless nights as they faced non-payment of salaries‚ project cancellations‚ layoffs and equally bleak prospects
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her belief system with my own. While explaining her family values‚ how she viewed and utilized money and career‚ and her social issues‚ I will in the process compare these with my own personal belief system‚ and why I have decided that she is a fraudulent role model. The reason why I have chosen to write about her is because though she appeared to be performing Christian acts; her views and work have made her into a polarizing figure in academic circles.
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Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its competitors in future earnings growth. The market
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Explain the boundaries between the teaching role and other lifelong learning professional roles. Summarise your own responsibilities in relation to other lifelong learning professionals Within the 2003 workload agreement (Woodward and Peart‚ 2013) its explains the levels of work a teacher could reasonably expect but also defines the roles which would provide a framework of support to the teachers role. Though this applies to secondary education the principles can inform teacher roles in the lifelong
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The Role of Conservatism in Financial Reporting Table of Contents Introduction 3 Applications of Conservatism in Accounting 4 Advantages associated with Conservatism 7 Disadvantages associated with Conservatism 11 Recommendations and conclusions 14 References 17 Introduction This report investigates the application of conservatism in accounting and its role in financial reporting. We also examine and compare the advantages and disadvantages associated with conservatism and provide our opinion
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which each member of the family has a role to play and rules to respect. Members of the family system are expected to respond to each other in a certain way according to their role‚ which is then determined by relationship agreements. Within the boundaries of the system‚ patterns develop as certain family member’s behaviour is caused by and causes the other family member’s behaviours in predictable ways. So by maintaining the same pattern of behaviours within the system may lead to balance in the
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