Accounting Theory Exam Review Part I – 25 MC Part II – 2 marks Part III – 10 marks Part IV – 7 marks Part V – 10 marks Total – 54 marks Chapter: 8 – 5 marks 9 – 16 marks 10 – 6 marks 11 – 5 marks 12 – 10 marks 13 – 5 marks Reading – 7 marks Total – 54 marks Chapter 8 – Economic Consequence If they do not affect cash flow‚ they do not matter. Stock should not change by the change in accounting policy‚ two examples in book where this did not hold (1. employee stock option – authorities
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Number (SPIN) South Pacific Form Seven Certificate ACCOUNTING 2004 QUESTION and ANSWER BOOKLET Time allowed: Three hours INSTRUCTIONS Write your Student Personal Identification Number (SPIN) on the top right hand corner of this booklet and on the fold-out flap on the last page. Answer ALL QUESTIONS. Write your answers in the spaces provided in this booklet. If you need more spaces for answers‚ ask the Supervisor for extra paper. Write your SPIN on all extra sheets used and clearly number
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Summary 1 Introduction 2 Theories of Accounting 2 Public Interest Theory 2 Private Interest Theory 2 Regulatory Capture Theory 3 Is accounting Needed (GPFR)? 3 What does the financial department (accounts) do? 3 Why public disclosure became so serious? 4 Principal Agent Outlook 4 Agency Cost- Critical Reason for accounting frauds 6 Three Essential Accounting Areas 7 Capital Budgeting 7 Investments 9 Capital Structure 11 Trade off theory 12 Conclusion 13 References:
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AC202 Managerial Accounting Unit 1 exam (Chapters 13-17) Multiple choice (each question is worth 5 points) 1. When preparing an income statement‚ which of the following is the proper order for income statement components? a. Comprehensive income‚ Other comprehensive income items‚ irregular items‚ Net income b. Net income‚ irregular items‚ Comprehensive income‚ Other comprehensive income items c. Irregular items‚ Net income‚ Other comprehensive income items‚ Comprehensive income d. Irregular
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Performance OF THE FIRM – ACCOUNTING Professor Hsihui Chang Date‚ Time and Location Office: 3600 Market Street‚ Room 71l Monday‚ 6:00 – 8:50pm Telephone: 215.895.6979 Email: hc336@drexel.edu Office Hours: By Appointment Course Description The course objective is to provide prospective users of financial accounting information with an understanding of accounting fundamentals and the ability to evaluate the quality of financial accounting information for use in business
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Name____________________________ Date ACCT 2302 Exam 1 CRN 14948 Multiple Choice: 2 Points each question: 1. An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at his place of employment. According to the Institute of Management Accountants‚ the employee’s next step should be to A. contact the IMA. B. contact the next level of management who is not involved in the ethical conflict. C. make the president of the company aware of the ethical conflict
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PAPER – 1 : ADVANCED ACCOUNTING Answer all questions. Working notes should form part of the answer. Question 1 The following information has been extracted from the Books of ‘X’ Limited group (as at 31 st December‚ 2006): X Ltd. Rs. Share capital (Fully paid equity shares of Rs.10 each) Profit and Loss Account Dividend received: From Y Ltd. in 2005 From Y Ltd. in 2006 From Z Ltd. in 2006 Current Liabilities 40‚000 11‚70‚000 60‚000 60‚000 36‚000 Y Ltd. Rs. Z Ltd. Rs. Fixed Assets Less Depreciation
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CANDIDATE 1. This exam is worth 50% of the overall semester assessment. 2. The total number of marks available for this exam is 100%. 3. This exam paper contains FIVE (5) questions in THREE (3) pages excluding the cover page. INSTRUCTIONS TO CANDIDATE 1. Answer all questions. 2. Write all your answers in the answer booklet provided. 3. If you make a mistake please put a single diagonal line through the section you wish to be ignored by the examiner. 4. Return all exam papers and scripts upon
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“The theories we use to help us understand standard-setting in national arenas (such as Australia) don’t work so well at the international level where the . . . International Accounting Standard Board (IASB) is taking a leading role. We will have to modify them or expand our theoretical repertoire” Discuss the above statement‚ clearly indicating your agreement or otherwise about the basis for your views. Abstract: The theories that are presented in this paper all assume the importance of a
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Introduction Accounting is a very old science as it is strictly related to the first forms of trade in the old world. According to Belkaoui (1992: 22)‚ the Committee on Terminology of American Institute of Certified Public Accountants (AICPA) defines accounting as follows: "Accounting is the art of recording‚ classifying and summarising in a significant manner and in terms of money‚ transactions and events which are in part at least‚ of a financial character‚ and interpreting the results thereof
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