REPORT IN DEFENCE OR FAVOUR FOR THE ADVOCATE OF AN INTERNATIONAL STANDARD OF ACCOUNTING PRACTICE. INTRODUCTION Internationalization of economic trade and globalization of businesses is on the ascendency. Consequently‚ financial statements prepared according to a nation’s local accounting system may hardly meet the needs of investors‚ business partners‚ financiers and decision-makers who are conversant with international standards. Meanwhile‚ developing and emerging markets are the target of the
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only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper P2 (INT) Professional Pilot Paper – Essentials module Section A – This ONE question is compulsory and MUST be attempted 1 The following draft financial statements relate to Zambeze‚ a public limited company: Draft Group Balance
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theThe Pros and Cons of Setting Separate private company accounting standards With the development of world economy‚ U.S.GAAP becomes more and more complex to meet public companies’ needs. Private companies cost a great fortune to compliance with U.S.GAAP. So‚ setting public-private accounting standards is a different issue debated for decades. it goes without saying that setting new separate accounting standards have its advantages and disadvantages. Background In USA‚ there are a large number
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ACCA Paper P5 Advanced Performance Management December 2011 Interim Assessment – Answers To gain maximum benefit‚ do not refer to these answers until you have completed the revision mock questions and submitted them for marking. PAPER P5 : ADVANCED PERFORMANCE MANAGEMENT © Kaplan Financial Limited‚ 2011 All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means‚ electronic or mechanical‚ including photocopying‚ recording‚ or by
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P2-Explain the implications for the business and stakeholders of a business operating ethically. In this P2 task‚ I will be explaining the implications that Primark’s unethical practice has on itself and on its individual stakeholders. I will start of by introducing Primark’s 7 main stakeholders are and I will also explain how each of these stakeholders is affective by Primark unethical activities. I will now discuss how these stakeholders are affected positively or negatively by Primark’s unethical
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P2) For this task I will start of by explaining the difference between capital income and revenue income and the difference between capital expenditure and revenue expenditure. I will then have a short table which will state what would go inside both capitals and revenues. Firstly I am going to talk about what capital income is. Capital income is usually the money which is used to invest by the owner of the business from there start-up cost. An example of capital income would be sales of shares
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Recording Financial Transactions Specimen Exam applicable from June 2014 Time allowed: 2 hours ALL 50 questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper FA1 FOUNDATIONS IN ACCOUNTANCY ALL 50 questions are compulsory and MUST be attempted Please use the space provided on the inside cover of the Candidate Answer Booklet
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Unit 6 – P2 In sport there can be certain reasons as to why people are unable to in sport‚ cultural‚ social‚ historical‚ economic or educational. These barriers are referred to as barriers to participation. Culture barriers are linked to different nationalities‚ beliefs and religions. There may be rules and views on who should participate in sport. Some religions do not allow women to participate in sport altogether‚ others allow participation if they wear clothes that cover the whole body. In
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TASK 2: Stakeholder is a person or a group who are inquisitive and focused on business. It could be anyone such as an individual‚ bank‚ customer‚ and employee. They also include owners who are focused on how much money the business makes. P2: Marks and Spencer‚ Emaar: The main stake holders for Marks and Spencer are the owners‚ banks‚ suppliers and the customers. The stakeholders for Emaar are the suppliers‚ government‚ trade unions and the owners. The owner are people who own the business and
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| If you do not meet a customer’s standards then it will not reflect well on you individually and this could be from the how you present yourself and how you speak to customers‚ some customers may have quite low standards and might not expect a lot from you as an individual but some customers may have quite high standards and they expect you to do your job correctly in a professional way | Personal Skills | Why are these important
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