1. What is the defining distinction between for-profit businesses and not-for-profit‚ including governments? What are the implications of this distinction for financial reporting? Governments and not-for-profits provide services that are targeted to groups of constituents who advocate a political or social cause or who carry out research or other activities for the betterment of society. The objectives of governments and not-for-profits cannot generally e expressed in dollars and cents and are often
Premium Business Government Economics
ILM Level 3 Award in Leadership and Management Assignment 1 Problem Solving Background: The organisation I currently work for is a charity called Ageuk. Our Ageuk local known as Ageuk Birmingham was formed from a merger of age concern and help the aged in 2009. We operate from the Oscott Community Centre which is based in the Great Barr area. Our aim is to provide a rich variety of paid and non-paid services to clients aged 50 plus through the centre. Since the merger in 2009 our range
Premium PDCA Management The Profit
Assignment 1 E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list above would generally be reported as intangible assets in the balance sheet. 13. Goodwill acquired in the purchase of a business. 15. Cost of purchasing a patent from an inventor 16. Legal costs incurred in securing a patent. 17. Unrecovered costs of a successful legal suit
Premium Balance sheet Goodwill Tax
The Role of Accounting on Business and our Society Purpose of Financial Statement Financial statement plays a significant role in business organization. Basically‚ it provides information about the performance‚ changes and the financial position of a business organization. The major purpose of financial statement is to provide essential information to a wide range of users as described below: Managers Financial statement helps the managers within a business organization to manage day
Premium Finance Certified Public Accountant Accountant
Ver. 04/09 PRACTICE FINANCIAL QUIZ #1 NOTE: The figures in these questions are not representative of any company or industry and are for the purpose of learning certain financial concepts that pertain to marketing. PART I—SALES ANALYSIS The J&J Corporation manufactures television sets‚ DVD players and MP3 players. The wholesale prices to their customers can vary from under $100 to over $1000‚ depending on the technical complexity of the item and the quantity purchased. Analyze the following
Premium Marketing Television Cost
Case 1: Sunrise bank recently appointed the accounting firm Smith‚ Godfroy‚ and Hannaford as the bank’s auditor. Sunrise quickly became one of Smith‚ Godfroy‚ and Hannaford’s largest clients. Subject to banking regulations‚ Sunrise must provide for any expected losses on notes receivable that Sunrise may not collect in full. During the course of the audit‚ Smith‚ Godfroy‚ and Hannaford determined that three large notes receivable of Sunrise seem questionable. Smith‚ Godfroy‚ and Hannaford discussed
Premium Social responsibility Corporate social responsibility Audit
Monday September 9th‚ 2013 The Individual What is society: It could be comprised as families In many communities‚ becomes societies You may be apart of a Portuguese community‚ or Jamaican‚ but you are Canadian Institution communities- students‚ Government Police force is what helps control society Work place helps control the society by distributing jobs Health care is apart of society Social institutions have a role to play to individuals The social structure imposes the rules‚ or
Premium Sociology
Part 1 (a) True. (b) False General-purpose financial reports helps users who lack the ability to demand all the financial information they need from an entity and therefore must rely‚ at least partly‚ on the information in financial reports. (c) False Standard-setting that is based on personal conceptual frameworks will lead to different conclusions about identical or similar issues. Another‚ and past decisions may not be indicative of future ones. (d) False Information that is decision-useful
Premium Generally Accepted Accounting Principles Balance sheet Depreciation
COMM 225‚ FALL 2011: CASE STUDY DUE: Dec 6‚ 2011‚ 19.00 HR‚ SUBMIT ONLINE IN THE DROP BOX TO BE DONE IN GROUPS OF MAXIMUM OF 3 STUDENTS (WITH SAME CONTENT EXPECTATIONS). If you have been to one of the Walt Disney Theme Parks‚ it is inevitable that you have encountered the problem of waiting at the theme/attraction of your choice. Here is what a New York Times journalist has to say about this problem: Source: http://www.nytimes.com/2010/12/28/business/media/28disney.html Disney Tackles Major
Premium Walt Disney Parks and Resorts Magic Kingdom Walt Disney World Resort
Week 9 Final Project: Interview Profile Scott A. Gieseking BEH/225 University of Phoenix October 28‚ 2012 In the following paragraphs I will compare the profile of my interviewee and I in contrast it to the results of the Myers Briggs test along with other questions to see how we compare. My interviewee was my wife of similar age‚ actually a couple of years my younger as we are in our 40’s. Backgrounds are different with my wife coming from a middle class white family in the far southern
Premium Personality psychology Psychology Myers-Briggs Type Indicator