To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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of Phoenix ACC 340 FINAL EXAM =============================================================== For each of the following course objectives‚ explain in 200-400 words what you learned in this course and how you could apply your learning of this course objective to your personal life or career. Refer to the syllabus to assist you in understanding what material was covered under each objective. 4pts each 1) CHANGING DYNAMICS OF ACCOUNTING The steps of accounting cycles are
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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lender or investor. To obtain funding‚ you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of your business‚ the accounting practices that impact your business‚ the controls needed to safeguard assets‚ and which accounting system will produce accurate and relevant financial information. Write a six to eight (6-8) page business plan in which you: 1. Describe the type of business you have created including: a. The
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Weekly Homework 9: Detection of Heteroskedasticity 1. Heteroskedasticity (1 point each) 1) Carefully explain the difference between pure and impure heteroskedasticity and their consequences in OLS. Answer: -Pure heteroskedasticity is caused by the error term of the correctly specified equation. Impure heteroskedasticity is caused by a specification error such as an omitted variable. -Pure heteroskedasticity does not cause bias in the coefficient estimates. However‚ it typically causes
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In Northbrook‚ Illinois‚ where the criminal rate has been only half the average US cities has downgraded its reputation after a homicide of a 22-year old Paul Koh erupted. Consecutive to his gory death‚ being “…stabbed multiple times...” his dad‚ the first generation of immigrant‚ Hyungseok Koh “has been charged with first-degree murder [holding] in lieu of $5 million bond” as a result of “a strained relationship between father and son” based on couple mumbled statements during the interrogation
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Kine 3000 Review Lecture 1. Non-scientific method of knowing: Tenacity: clinging to beliefs such as superstition Intuition: common-sense/self evident truths. Authority: Accepting authority’s truth (church) Rationalistic method: Logic Lecture 2 Exercise on Mood Narrative review: systemic review that synthesizes individual studies narratively Meta-analysis: results of individual studies are grouped together to draw reasonable conclusions (results are converted to effect
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Can we know that God exists? vs. Can we know God? In the Summa Theologica‚ Thomas Aquinas uses the philosophical method to theology and addresses the question of whether God’s existence can be demonstrated as well as the question of whether we can know God completely. For Aquinas‚ the question of proving the existence of God is always bound up with the question of how‚ and to what extent‚ we can know God at all. St. Thomas Aquinas believes that yes‚ God’s existence can be demonstrated but that
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