investors and creditors? Explain. Financial statements are useful to both managers and employees because as a manager you need to know if there is sufficient cash and to see what they can afford. As an employee it is important to know what is going on in the business and not feel like you’re kept in the dark. As a creditor financial statements are important because you will need to know if a debt will be able to be paid on time. As an investor you want to make sure that profits are coming in
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‘Hard Times’ is a Charles Dickens novel set in the social backdrop of the Victorian era during the Industrial Revolution that took place during the 1850s. The ill effects of Victorian Utilitarianism are upheld in this moralistic vision of the writer. Unlike most of his novels‚ ‘Hard Times’ is not based in London but in the red and black seemingly monotonous structures of Coketown. That being said‚ it still realistically allows the reader to observe the systems and structures of society forced to
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4 Public Trust Doctrine‚ Eminent Domain and Land Acquisition: An Indian Experience “There is nothing which so generally strikes the imagination‚ and engages the affections of mankind‚ as the right of property.” -BLACKSTONE I. Introduction: Right to Property- A Jurisprudential Approach The Concept of Property has been very ancient as well as very important. It holds a premier place in our constitution and as well as in the society‚ in which we live. The concept of property is very wide and has splurged
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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Question W 1-8 Shareholder of the oil company would be the ones most interested in the financial reports. The financial statements that would be disclosed‚ would eventually affect the price of the share. Their investment would be on stake. Higher price would mean a higher share price and more returns and dividends. Furthermore prospective share holders can decide whether they want to invest in the oil company or not and whether it is safe to invest in the company or not. The creditors of the company
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
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Nowadays it’s a small world. A flick of the television switch shows us images of events happening thousands of miles away‚ some of them happy and‚ unfortunately‚ some of them sad. Modern tourists are able to soak up the new experiences offered by foreign travel‚ sometimes for no other reason than curiosity to explore foreign places. One consequence of this new perception of the planet has been an increase in the number of students travelling abroad to study. 2. Students who travel to another
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