Introduction Traditionally‚ cash basis of accounting has been used in the public sector; however‚ in recent years extensive debates have emphasised whether a move to accruals basis of accounting would be more feasible. The proponents argue for such a change due to the benefits accruals basis has to offer. There are still heavyweight supporters for cash basis such as IFAC – a body that issued 21 IPSAS based on IMF‚ EU Commission‚ and IFRS / IAS (Jorge Faustino‚ 2008). Moreover‚ there are several organisations
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Assignment Number : 306231 Table of Contents Question 1 Question 2 Question 3 Bibliography Page 1 2 3 3 Student Number: 31829139‚ Course: SDACTOM‚ Assignment 02 Question 1 Explain the criteria and elements for formulating criterion-directed behavioural outcomes (Mager) as explained in the study guide. Behavioural (criterion-directed) outcomes are specific. They indicate what learners must be able to do‚ and give direction to the teacher ’s planning‚ and continuous evaluation. Thus it is a matter
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1.2. Statement of the Objective: In general terms‚ this research seeks to know the feedback of first-year B.S.A. Students towards their course‚ the present study addresses the following questions: 1.What are the feedback of the first-year B.S.A. Students towards their course in terms of the following: a. Professors b. Curriculum 2. How their professors and curriculum affects their feedback? 1.3. Significance of the Study: Accountancy Students will benefit to this study because they
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Bondholder-Manager Lending Contract 9.8 Implications of Agency Theory for Accounting 9.8.1 Is Two Better Than One? 9.8.2 Rigidity of Contracts 9.9 Reconciliation of Efficient Securities Market Theory with Economic Consequences 9.10 Conclusions on the Analysis of Conflict Copyright © 2009 Pearson Education Canada 252 Instructor’s Manual—Chapter 9 LEARNING OBJECTIVES AND SUGGESTED TEACHING APPROACHES 1. To Introduce Fundamental Concepts of Non-Cooperative Game Theory
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RESPONSIBILITY ACCOUNTING Management Accounting - Responsibility Accounting Planning & control are essential for achieving good results in any business. Firstly‚ a budget is prepared and‚ secondly‚ actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved in (i) setting standards‚ (ii) given necessary resources and (iii) powers to use them. In order to streamline the process‚ the entire organization is broken into various
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prepared financial statements The International Financial Reporting Standards or better known as IFRS‚ are generally principal-based standards‚ interpretations‚ and framework which is taken up by the International Accounting Standard Board (IASB) (Accounting Standards‚ 1997). The IFRS financial statements include the presentation of a set of statement of financial position‚ an income statement‚ a statement of cash flows and a statement of changes in equity. Information that are presented
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Week One Exercise Assignment Basic Accounting Equations 1. Concepts. Jean ’s Marine Supply specializes in the sale of boating equipment and acces¬sories. Identify the Basic items that follow as an asset (A)‚ liability (L)‚ revenue (R)‚ or expense (E) from the firm ’s viewpoint. a. The inventory of boating supplies owned by the company. – Asset (A) b. Monthly rental charges paid for store space. – Expense (E) c. A loan owed to Citizens Bank. – Liability (L) d. New computer equipment
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universally to all businesses: 1) In the long run‚ you must be a lower cost supplier than all others providing equivalent products or services‚ 2) Inflation-adjusted costs of production must continuously decrease (the experience curve)‚ 3) The true cost and profit picture for each product must be known and 4) Cash flow is as important as profit. The "cycle of decay" (when cost cutting efforts lead to competitive decay) is typically begun when management uses financial accounting data‚ not control data‚
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1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
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AREA OF STUDY DISCOVERY RELATED MATERIAL PORTFOLIO MICHAEL KWONG 1. TITLE AND COMPOSER OF TEXT Short story - And the Water was Dark and It Went Forever Down Written by Tim Winton 2. source date published First published 1997 by Addison Wesley Longman Australia Pty Ltd. Taken from MAKING CONNECTIONS a compilation of short stories put together by Brian Keyte 3. A BRIEF SUMMARY OF THE TEXT(150w) The narrative focuses on a fourteen year old girl who’es mother is mentally and
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