3101AFE TUTORIAL 2 - Semester 2 2013 Deegan Topics 2 and 3: The financial reporting environment and Regulation of financial accounting 2.1 What expectations do accounting standard-setters have about the accounting knowledge of financial statement readers? Accounting standard-setters have an expectation that the readers of general purpose financial reports have a ‘reasonable knowledge’ of accounting. Specifically‚ the IASB Framework states that ‘users are expected to have
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Britannia Industries Ltd. & Nestlé India Ltd. A comparison of financial statements Submitted to: Prof. Seshadev Sahoo Submitted By: Group 1 Chandan Gupta Sona Sood Shivaki Deshwal Samuel Nigg Nishant X. Jeyaraj PGP28086 PGP28068 PGP28202 IEP14002 PGP26029 INDIAN INSTITUTE OF MANAGEMENT LUCKNOW 5th September‚ 2013 Table of Contents 1. Overview of the companies (only financial‚ profitability‚ activity-sales‚ market cap and other significant aspect)
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illegal activity occurs. The first factor an auditor should consider is how the occurrence effects the financial statement and the penalty‚ if any‚ for the issue. The second factor to be considered is the integrity of the management staff and their reaction to the illegal occurrence. The last factor for an auditor to consider when an illegal occurrence happens is the internal controls over the financial reporting. “Smuggling” money into the US can result in fines. “Smuggling” from the Caribbean
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organisations has really established the fact that financial statements shall contain the following information according to section 334(2) of the companies and allied matters act (CAMA) 1990 as well as statement of accounting standards (SAS) 2:profit and lossaccount;balance sheet; a statement of cash flow; value added statement; five-year financial summary; statement of significant accounting policies; notes to the accounts; group financial statement (in case of a group); chairman’s report; directors’s
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Chapter 13: Problem BYP 13-4 INTERPRETING FINANCIAL STATEMENTS BYP13-4 The Coca-Cola Company and PepsiCo‚ Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for the Coca-Cola Company and for PepsiCo‚ Inc.‚ are presented here (in millions). Coca-Cola PepsiCo Total current assets 12‚094 8‚639 Total current liabilities 10‚971 6‚752 Net sales 21‚962 29‚261 Cost of goods sold 7‚638
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The impact of finance on financial statement 1. Basis financial statement The management of company can control the financial of company through financial statements because it gives detail in all kind of financial record to management. There are three financial statements (i.e. Profit and loss statement‚ balance sheet‚ and cash flow statement). Financial statements should be understandable‚ relevant‚ reliable and comparable. Profit and loss statement (income statement): it reports all incomes
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1002 FINANCIAL STATEMENT ANALYSIS ASSIGNMENT NAME:ANG KOK SENG I/C NUMBER:910420-10-5945 H/P NUMBER:+6012-7895400 STUDENT ID:201059 NAME OF LECTURER:MR. LOH YONG CHIANG SUBMISSION DATE:2nd OCTOBER 2011 SEPTEMBER 2011 SEMESTER ASSIGNMENT QUESTION: Compare Cash Flow statement and Balance sheet. Describe the accounting process in preparing a balance sheet. How are balance sheet and Accounting equation related and what is T account? Describe the steps in analyzing financial statement and explain
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any red flags that might be highlighted in ratios analysis from Premier recast financial statements. Executive Summary This report examined the performance of Premier Investment Limited for 2012. Firstly‚ the income statement and the balance sheet were recast and justified using additional information available in financial statement footnotes. Secondly‚ an investigation and estimates of profitability and financial strength of Premier are discussed. The Results of data analysed show mix ratios
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Financial Statement Analysis vs. Operating Indicator Analysis Financial analysis focuses on the data contained in a business’s financial statements (Gapenski‚ 2012). Financial statement analysis is applied to historical data‚ which comprise the road map for the business’s future (Gapenski‚ 2012). Financial statement analysis is used to trend for the future at the current condition. The financial statement analysis is supplemented by operating indicator analysis. Operating indicator analysis uses
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FIFTH SEMESTER BBA (CAM) SALES AND DISTRIBUTION MANAGEMENT Course Code: BBA (CAM) – 301 L:4 T/P: Credits: 4 PREAMBLE: The primary objective of the course is to familiarize the student with the sales operations and sales management functions and customer relationship management. Endeavor is to provide both theoretical inputs and applications of practical aspects. COURSE CONTENT: UNIT 1:
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