Executive 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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Hector R Castillo 9/30/2014 Chapter 2 Assignment 1: Homework Short Answer 1. What does a professional programmer usually do first to gain an understanding of a problem? A professional programmer gains this understanding by working directly with the customer. 2. What is pseudocode? The word pseudo means fake‚ so pseudocode is fake code. 3. Computer programs typically perform what three steps? 1 input is received. 2 Some process is performed on the input. 3 Output is produced 4. What
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STUDY GUIDE: Chaps. 2 GEOL 111G-Survey of Geology At the end of each chapter are Review Questions and Key Terms. To study for the final‚ be sure to know the answers (or where to find the answers) for the given review question numbers and know the definitions of the key terms indicated. The Key Terms have page numbers for reference in the textbook. CHAPTER 2 Review Questions: #’s are based upon the 10th edition. These may be different in older or newer editions. 2. What was the first line of
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Chapter 4 Systems Design: Process Costing Solutions to Questions 4-1 A process costing system should be used in situations where a homogeneous product is produced on a continuous basis. ished goods) during the period plus the equivalent units in the department’s ending work in process inventory. 4-2 1. Job-order costing and process costing have the same basic purposes—to assign materials‚ labor‚ and overhead cost to products and to provide a mechanism for computing unit product costs. 2. Both systems
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Positive Accounting Theory • Sometimes abbreviated as PAT • Explains and predicts accounting practice • Does not seek to prescribe particular actions • Grounded in economic theory • Focuses on the relationships between various individuals involved in providing resources to an organisation (agency relationship) • Owners and managers • Managers and debt providers Positive Accounting Theory • Assumptions of PAT • All individual action is driven
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Chapter 2 METHOD This chapter presents the research design‚ participants‚ research instruments‚ data gathering procedure and data analysis. Research Design This study employed both quantitative and qualitative approaches in research. The research design used in the study was descriptive survey. It was considered appropriate because the study describe the conditions affecting the level of oral communication proficiency among the participants. The qualitative approach was
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Accounting 202 Homework Chapter 1-Managerial Accounting ‚ the Business Organization‚ and Professional Ethics 1-40 Use of Accounting Information in Hospitals Most U.S. hospitals do not derive their revenue directly from patients. Instead‚ revenues come through third parties‚ such as insurance companies and government agencies. Until the 1980s‚ these payments generally reimbursed the hospital’s costs of serving patients. Such payments ‚ however ‚ are now generally flat fees for specified services
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Following is an income statement calculated based on the different equity theories of accounting. Entity Theory Proprietary Theory Orthodox Unorthodox Residual Equity Theory Revenues $ 1‚000‚000 $ 1‚000‚000 $ 1‚000‚000 $ 1‚000‚000 Less: Operating Expenses Cost of goods sold $400‚000 $400‚000 $400‚000 $400‚000 Depreciation $100‚000 $100‚000 $100‚000 $100‚000 Salaries and Wages $200‚000 $200‚000 $200‚000 $200‚000
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ACCT3003 Issues in Accounting Theory SP5 2010 Topic 4: Heritage and biological assets. The following question has some minor changes due to amendments to AASB 141 which removed reference to ‘estimated point of sale costs” and replaced it with “costs to sell”. 9.22 In 2005‚ Nambour Limited established and commenced operation of a mango farm. The trees were planted in 2005 and began producing saleable mangoes in 2011. On 30 June 2012‚ 90% of the mangoes are sold‚ one week after they were
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SAD – Chapter 2 Part I Group Assignment Answer the following questions and then submit through Blackboard Vista: 1. Discuss when you would acquire software from different sources instead of developing in-house. You would acquire software from different sources when it is more cost effective and faster. For example‚ if software has already been created by a company‚ it may be cheaper to use this “shelf-software” than to develop one in house with a company’s own programmers and IT. 2. Describe
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