Accounting Theory – Seminar 2 Presentation Briefly describe the accounting profession/What is the role of accountants? Accountants analyse costs of operations‚ products‚ and special projects. Compute taxes owed‚ prepare tax returns. Organize and maintain financial records. Suggest ways to reduce costs‚ enhance revenues and improve profits‚ Improve businesses efficiency. Critically discuss the role of the CFO Andy Fastow in the ENRON scandal Fastow created hundreds/ of "special-purpose entities"–off
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Recognition & Theories of Accounting The Joint Project Revenue recognition requirements in US generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRSs); the former consists of broad concepts whereas IFRSs contain fewer standards‚ but applying the two main standards to complex transactions were difficult and needed improvement (Australian Accounting Standards Board‚ 2010). Accordingly‚ the International Accounting Standards Board (IASB)
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View from PAT Positive accounting is to set some hypothesis which could affect accounting practice based on economic theory‚ using scientific methodology to do research and test those hypothesis. Simply speaking‚ it applied empirical research to accounting field. Positive Accounting focus on questions like “what is”‚ different from Normative Accounting which focus on questions like “what should be ”. Compare those two accounting theory‚ positive accounting theory is more scientific. Watts and Zimmerman(1986)
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contribute 20% towards the final examination mark‚ and the other 80% will be made up from the examination‚ however‚ the examination papers will count out of 100%. 3) Although your assignment will contribute towards your final examination mark‚ you do not have to earn credits for admission to the examinations; you are automatically accepted on registering for the exam. 4) Number all the pages of your assignment (e.g. page 1 of 4) and write your name and surname‚ student number and subject
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BUS310 ACCOUNTING THEORY AND ACCOUNTABILITY WORKSHOP 1 SOLUTIONS 1) GHHT: Chapter 1: Theory in Action 1.1 The article describes how a particular theoretical approach has been replaced by another. Explain why one theory replaces another‚ and who‚ or what‚ determines whether an existing theory survives. A theory is primarily meant to explain or predict an event‚ behaviour or outcome. Proponents of a theory look for evidence to support the theory. This evidence should be independently observed
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Accounting 211- Ratio Project 23 November 2010 Home Depot has three basic strategies: assortment‚ price‚ and service. They carry the broadest range of merchandise priced below every competitor in every market where they compete. Lowe’s reported similar values when it came to their customers. They said that their top values are customer focused‚ respect‚ and passion for execution. In their letter to shareholders‚ Lowe’s said‚ “We know that providing great service is the driving force behind profitable
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Part III: Modules R. GENERAL EDUCATION 1. Group A – Science & Technology (Information & Knowledge‚ IKC) GEK1500 Inside Your Personal Computer Offered by Department of Electrical & Computer Engineering Modular Credits: 4 Workload: 2-1-0-3-4 Prerequisite(s): Nil Preclusion(s): All Faculty of Engineering (FoE)‚ Computer Engineering (CEG) and School of Computing (SoC) students. Cross-listing(s): Nil This module aims to introduce students to the basic components of a personal computer
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Section A Answer FOUR questions from Section A Each question carries 15 marks. 1. You are given the following data: E(RA) = 0.04 var(RA) = 0.0025 cov(RA‚ RB) = 0.001 E(RB) = 0.08 var(RB) = 0.0049 (a) For an equally weighted portfolio (with portfolio weights xA=0.5 and xB=0.5) comprising securities A and B‚ calculate the following: (i) The expected return on the portfolio‚ E(RP)‚ (ii) The standard deviation of the return on the
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY This study analyses the effect of the agency theory and accounting choice usually been made by managers of Nigeria listed companies. It (agency theory and accounting choice) can be demonstrated in the modern day companies where management is usually separated from the ownership of business. The professional managers are supposed to make decisions and take actions that are consistent with the objective of maximising shareholders wealth. But this
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CANDIDATES 1. 2. 3. This question paper consists of seven (7) questions. Answer five (5) questions only in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 4 printed pages © Hak
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