Directors are wills and minds of a company. Furthermore‚ Directors are defined as a person who is responsible and in charge for managing the company’s trade activities and affairs (Hanrahan‚ Ramsay and Stapledon 2010). Directors are appointed by members (Shareholders) after chosen the right person by another director of the company. In company’s view directors are the responsible bodies that are generate more profits to the company. Harris‚ Hargovan and Adams (2011) defined the term of best interest
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Redemption of Preference Shares The fund provided by the owners in to a business is known as capital. You know that capital of the business depends upon the form of business organization. From ownership point of view‚ there are number of business organizations like‚ sole proprietorship business‚ partnership business‚ cooperative societies‚ joint stock companies etc. Total capital of the company is divided into a number of small units of fixed amount and each such unit is called a share. The fixed
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Winding up of Company: Winding up of a company is the process whereby its life is ended and its property administered for the benefit of its creditors and members. An administrator called a liquidator‚ is appointed and he takes control of the company‚ collects its debts and finally distributes any surplus among the members in accordance with their rights. Kind of Companies can be wound up: Only a limited company can be wound-up. The term "winding-up" (or "wound-up") bears a similar meaning of
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Merger Fundamentals Firms sometimes use mergers to expand externally by acquiring control of another firm. The objective for a merger should be to improve the firm’s share value‚ a number of more immediate motivations such as diversification‚ tax considerations‚ and increasing owner liquidity frequently exist. Sometimes mergers are pursued to acquire specific assets owned by the target rather than by a desire to run the target as a going concern. Mergers‚ Consolidations‚ and Holding Companies
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FINAL PAPER CAS 610‚ Using the Work of Internal Auditors Paper for ACCT 343 Auditing Wendy Popowich Carrie Prosser Bachelor of Applied Business Administration – Accounting NAIT School of Business Submitted: October 20‚ 2010 Due: October 20‚ 2010 TABLE OF CONTENTS Executive summary 3 Introduction 4 Limitations in changes to the ISA 610 before implementation….. 5 Format and wording changes within the exposure draft 5 Using direct assistance from internal auditors 6 Using examples in the proposed
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recover payment for medical care provided to Russell (D) based on its right as a third-party beneficiary of an agreement between Aetna (D) and Russell (D). -Concise rule of law: A creditor beneficiary may directly enforce a contractual promise intended for its benefit‚ even though it is a stranger to the contract. -Fact: Russell (D) was severely injured at work‚ and
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1 Introduction to financial accounting ON COMPLETION OF THIS CHAPTER‚ YOU SHOULD BE ABLE TO: v describe the basic purpose of financial accounting v identify the users of accounting information and the decisions they make that require accounting information v identify the people who are involved in financial accounting v describe how accrual accounting differs from cash accounting v calculate accrual profit for an organisation v explain the basic contents of the three key financial statements
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The U.S. National Debt The national debt is the total amount of money the United States Treasury Department has borrowed and currently owes to the federal government’s creditors (Sylla). These creditors are mostly comprised of the public‚ including individuals‚ corporations‚ as well as state‚ local and foreign governments. They also consist of various government trust funds‚ such as Social Security and Medicare. Additionally‚ they include the Federal Reserve‚ mostly in the form of treasury
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1- Explain the collecting‚ recording‚ classifying‚ summarizing‚ analyzing and reporting process of accounting. - Collecting:- Data obtained from various sources with the help of appropriate measures is called collection of data. - Recording:- Arranging the data into its chronological form is called recording of data. - Classifying:- Division of data according to nature of events is called classification of data. - Ledger is used for classifying transactions - Posting
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Symbiosis Institute of Media and Communication‚ Pune Module Professor Ashutosh Dutt Assignment Name Final Research Report: To be presented to Go Air Submitted By: Student Name: Deboshree Bhattacharjee Roll no: 81 Specialization and Section: MBA - PR Batch: 2012-14 Table of Contents Problem Definition 3 Approach to the Problem and Research Design 4 Type of research design 4 Data collection from secondary sources 4 Data collection from primary sources 4 Data Analysis
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