Financial Accounting Course Objectives: This course introduces the fundamentals of financial accounting to graduate students. Throughout the course‚ communication skills will be emphasized. After completing the course‚ a student is expected to understand how accounting information is produced‚ interpret and analyze financial statements‚ communicate firms’ financial health and appreciate ethical issues in accounting. Since the course content will be approached from the perspective of a user‚ rather
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Managerial Accounting What Does Managerial Accounting Mean? - The process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information for the pursuit of an organization’s goals. This is also known as "cost accounting." - Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily‚ weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within
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Enron #1. Based on what you read in this chapter‚ summarize in one page or less how you would explain Enron’s ethical meltdown. The first thought in this case is to define Ethics. A person with ethics is a person who has wholesome morals. It directly reflects your beliefs in your actions. The you use to decide what your conduct should be. (Dessler‚ 2011) The second thought in this case is to define morals. Morals are the right way of behaving or acting in different situations. Being able
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198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
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IFRS with respect to existing laws and regulations. Proper implementation of IFRS will require substantial amendment in existing laws. The basic objective of this research paper is to trace the real problems regarding IFRS implementation in India and to suggest remedial measures. Keywords : IAS‚ Indian GAAP‚ US GAAP‚ IASB‚ Fair Values‚ MCA. 1. INTRODUCTION : CONCEPTUALIZING THE TERM IFRS The full abbreviation of the term “IFRS” is international financial reporting standard (IFRS). IFRS has been developed
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1 MHA 612 Financial & Managerial Accounting Executive Summary The Report describes a proposal for the group of 20 of doctors with regard to the creating a hospital. Due to the 500‚000 population of the city $100 million dollars would actually be a great start. Because the facility would be located 30 miles from the downtown area it would allow the facility to attract patients without being crowded. On the downside this affects its financial position and market condition
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Introduction In the field of financial securities‚ the integration concept has now become a crowding issue. Because due to the vast introduction of various securities the people are becoming‚ specially the investors and issuer of different securities‚ confused with various securities. They want all those items in a single place. Not only this‚ if the integration can be done in a real sense‚ there are variety of advantages with lower cost of dealing with those items. But to drive with those advantages
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Consolidation of Wholly Owned Subsidiaries Acquired at More than Book Value ANSWERS TO QUESTIONS Q4-1 The carrying value of the investment is reduced under equity method reporting when (a) a dividend is received from the investee‚ (b) a differential is amortized‚ (c) an impairment of goodwill occurs‚ and (d) the market value of the investment declines and is less than the carrying value and it is concluded
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Financial Reporting of the Coca Cola Company ACC/290 November 27‚ 2012 Financial Reporting of the Coca Cola Company When looking at a company’s financial statements‚ such as the Coca Cola Company‚ one piece of important information that should not be overlooked is the total current assets. Kimmel‚ Weygandt‚ and Kieso describe current assets as “assets that a company expects to convert to cash or use up within one year or its operating cycle‚ whichever is longer” (2009). The total current assets
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Legality and Ethicality of Financial Reporting Accounting professionals consider standard practices of accounting and board of accountancy rules when creating ethical standards. Accountants also consider state and federal laws. Ethics and the law works hand-in-hand therefore should be on the minds of those considering the commission of fraud. The Chief Financial Officer (CFO) of Excello‚ Terry Reed‚ was considering doing such by posting a $2.1 million transaction to raise year-end earnings.
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