Case 10-2 1. Ida needs to test the U.S. commercial building for recoverability under both U.S. GAAP and IFRSs. Recoverability test is one of the requirement tests for impairment. As a result‚ we need to verify if impairment should be recognized. 2. The impairement is $600‚000. GAAP methodology of determining impairment uses a two-step recoverability test. Step one‚ requires a company to estimate the future undiscounted cash flows expected from the use of that asset and its eventual disposition
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CAS 11-2 Amerbran Company Amerbran Company was a diversified company that sold various consumer products‚ including food‚ tobacco‚ distilled products‚ and personal care products and financial services. Financial statements for the company are shown in Exhibit 1. The 20X1 financial statements reflect the following transactions (dollar amounts are in thousands): 1. Depreciation and amortization expense was $115‚974. 2. Net income included a loss of $66‚046 resulting from the write-off
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Case the Mystery of the Disappearing Oil Mat Jon Weakness 1. Increases in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases
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Elan Brannan Evaluation Essay October 26‚ 2012 Toyota Camry vs. Honda Accord All across America millions of people search for a vehicle to keep them safe while driving. But that isn’t all car consumers look for‚ car buyers want style‚ comfort‚ and most importantly a smooth calming ride. For many years consumers have been comparing two top rated cars‚ the Toyota Camry and the Honda Accord. Both cars excellent in ratings all across the board however‚ the Toyota Camry is the number one best safety
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Burger King Your Name Your School Restaurant Evaluation Walking into a fast food joint‚ one expects to be met by a sweet aroma of the delicious foods that are quite appealing. Considering they are supposed to serve customers as fast as they can while at the same time maintaining quality service. Upon entering a fast food restaurant‚ one would expect to have a view of the whole place in a glance‚ with counters just around the bend for customers to make their purchase. One would also expect
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References: 1. Forensic Accounting and Fraud Examination‚ second edition‚ William S. Hopwood; Jay J Leiner; George R Young. 2. http://www.anao.gov.au/html/Files/BPG%20HTML/BPG_PublicSectorAuditCommittees/2_5.html 3. http://www.deloitte.com/view/en_CN/cn/services/corgov/ic/iarr/ 4
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What is Forensic Accounting? The integration of accounting‚ auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic"‚ according to the Webster’s Dictionary means‚ "Belonging to‚ used in or suitable to courts of judicature or to public discussion and debate." "Forensic Accounting"‚ provides an accounting analysis that is suitable to the court which will form the basis for discussion‚ debate and ultimately dispute resolution. Forensic Accounting encompasses both
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and visitors center in Southern California) It all began way back in 1938. Leo Fender‚ the founder of Fender Musical Instruments Corporation (FMIC) - or simply Fender as it is more commonly known - was then an unemployed accountant with a self-taught know-how for electronics. So‚ on borrowed money and big dreams‚ he and his wife Esther returned to Fullerton‚ California‚ from San Luis Obispo to open a radio repair shop‚ “Fender Radio Service.” And what started as a struggling regional upstart
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FIN 630 IP5 December 7‚ 2012 Abstract This paper will focus on Acme looking how to increase funding for Greenfield investment abroad‚ and how multinational enterprise funding can be very demanding and complicated process. Acme will be looking at the various internal sources of funding like accounts receivable‚ inventory reduction‚ line of credit‚ mortgages loans‚ well as short term loans and equity offering. With the variety methods of funding that can be done to attained conservative
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learning to self-regulated learning This article was published in the Quarterly Journal of Curriculum and Instruction‚ 5 1‚ 145-164 I. Foreword Self-regulated learning (self-regulated learning) in recent years‚ educational psychology collar Domain topic of popular attention‚ many education scholars and policy makers‚ and even as One of the main objectives of formal education‚ students leaving school can continue through this can Force guide to lead their own learning (Boekaerts‚ 1997). Self-adjustment
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