intended to serve as a replacement for your own. Issues in Financial Reporting & Analysis – Semester 1 2010 2 Positive Accounting Theory Positive Accounting Theory Background In previous accounting subjects‚ we explored what should happen when a firm uses a particular set of accounting principles and practices. However‚ in real life‚ we know this is not always the case. Hence‚ Positive Accounting Theory (PAT) tries to explain‚ and possibly predict‚ accounting practices. Assumptions
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Study Guide Chapter 5 1. “More than a toleration of an alien culture is required…there is need for affirmative acceptance as different but equal.” Elaborate. This statement refers to cultural adaptation. It is important for different cultures to meet in the middle and not lose what makes their culture unique. There are three aspects to adaptation. These are‚ cultural imperatives‚ cultural electives‚ and cultural exclusives. Imperatives are aspects of business that all cultures come
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Case 2-2: 1. With respect to the adjustments related to goodwill‚ answer the following: a. Why does the adjustment for goodwill amortization increase net income under Country A GAAP but decrease net income under Country B GAAP? The adjustment for goodwill amortization increases net income under Country A GAAP but decrease net income under Country B GAAP because of how SKD amortizes goodwill for a period of 20 years while for Country B goodwill is only amortized for a period of 5 years. This leads
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Limcoma Multi-Purpose Cooperative STRAMA Paper Page 1 of 132 CHAPTER I INTRODUCTION Limcoma Multi-Purpose Cooperative is a pioneer in the feed mill industry in the southern part of Luzon. As an answer in the economic downfall during the 1970s which resulted to growers‘ inability to purchase livestock feeds‚ 77 livestock producers established the Lipa City Multi-Purpose Cooperative Marketing Association‚ or LIMCOMA with P57‚000 as initial capital. Mission at hand‚ the organization
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ACC 403 Week 4 quiz 3 Question 1 If an auditor fails to fulfill a certain requirement in the contract‚ they may be guilty of: Answer Selected Answer: breach of contract. Correct Answer: breach of contract. Question 2 The assessment against a defendant of that portion of the damage caused by the defendant’s negligence is called: Answer Selected Answer: separate and proportionate liability. Correct Answer: separate and proportionate liability. Question 3
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1. I am aware of several legal and organisational requirements relating to equality‚ diversity‚ discrimination‚ rights and confidentiality which may influence parts of my job role and contribute to health and safety practices within my in my workplace. All individuals have the right not to be discriminated against within my workplace: Equal Opportunities Act 2004‚ Race Relations Act 1976‚ Sex Discrimination Act 1975‚ Disability Discrimination Act 2005 All individuals within my workplace
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appointment Instructional Material: Strategic Management Concepts By Frank Rothaermel - McGraw-Hill Companies‚ Inc. - 2012 – First Edition‚ Paperback - ISBN 978 0 07 732445-2 Cases for the class: available at: HBSP 1. Wii Encore? By Andrei Hagiu‚ Hanna Halaburda; Product#: 709448-PDF-ENG‚ Revision Date: Aug 25‚ 2011 2. TiVo 2007: DVRs and Beyond. By David B. Yoffie ‚ Michael Slind; Product#: 708401-PDF-ENG‚ Pub. Date: 10/15/2007 3. Lan Airlines in 2008: Connecting the World to Latin
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CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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Case 2-1 Cynthia Cooper and WorldCom Cynthia Cooper details her trials and tribulations about her experiences at WorldCom in the book Extraordinary Circumstances: The Journey of a Corporate Whistleblower. The following excerpts from the book describe the actions she took to uncover the fraud at WorldCom and reactions of key players in the accounting department‚ top management‚ the audit committee and the external auditors. Cooper was first alerted to the fact that there may have been a problem
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Teaching Practices: Math and Science Course of Study Your competence will be assessed as you complete the EFT4 performance assessment and the ELO4/5 objective assessment (to be taken after completing the Specific Teaching Practices domain of study) for this course of study. This course of study may take up to 10 weeks to complete. Introduction Overview Welcome to the Specific Teaching Practices: Math and Science course of study. This course of study provides you with an opportunity to learn how
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