Chapter 8 Segment and Interim Reporting Chapter Outline I. FASB Accounting Standards Codification Topic 280‚ Segment Reporting (FASB ASC 280)‚ provides current guidance on segment reporting. A. ASC 280 follows a management approach in which segments are based on the way that management disaggregates the enterprise for making operating decisions; these are referred to as operating segments. B. Operating segments are components of an enterprise which meet three criteria. 1. Engage in business
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accounting quiz 1 [pic] 1 The primary purpose of accounting is to determine whether the business entity is profitable or unprofitable in its operations. A) True B) False This is the correct answer. Feedback: The primary purpose of accounting is to provide information that is useful for decision-making purposes. Accounting is ’not an end’‚ but rather it is a ’means to an end.’ LO 1 2 Costs‚ prices‚ sales volume‚ profits‚ and return on investment are all accounting measurements. A) True
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Accounting for Partnerships In the business world‚ there are different types of businesses can be classified into various forms of ownership. Some of those forms are a corporation‚ sole proprietorship‚ and a partnership. The form I will be discussing in this paper is called a partnership. A partnership is when two or more people own and operate in a business which also takes part of the responsibility. Our text says that “Partnerships are a popular form of business because they are easy to form
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FACULTY OF BUSINESS & MANAGEMENT SEMESTER: MEI 2013 BBAP 2103 COURSE: BACHELOR (HONS) MANAGEMENT (BIM) (A7470) COURSE TITLE: MANAGEMENT ACCOUNTING MATRICULATION NO : RF179118001 IDENTITY CARD NO : RF179118 TELEPHONE NO : 0167386906 E-MAIL : vnod_86@yahoo.com LEARNING CENTRE : SEAMEO RECSAM LEARNING CENTRE Table of Contents 1.0 Introduction of the company 2.0 Explanation on the purposes of product cost information is
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Merriam-Webster defines hostile as an adjective meaning “unfriendly‚” and takeover as a verb meaning “to assume control or possession of or responsibility for” (Mich‚ 1997). In the business arena‚ a hostile takeover is a stock acquisition in which “management and/or a significant number of shareholders oppose the purchase of the company by the intended buyer” (Fisher‚ Taylor‚ & Cheng‚ 2002). The case of Oracle and PeopleSoft is currently a hostile takeover situation. Meet the Parties The Bully
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Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance or are they merely a public relations vehicle? Answer this question by reference to a variety of accounting theories. There are many definitions to Corporate Social responsibility(CSR). One most common definition is that CSR is the consideration and response of the firm to issues that are beyond the regular technical‚ legal‚ and environmental
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1 of 15 TEST BANK > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Advanced Accounting Fischer Taylor Cheng 11th Edition Test Bank Contact me here sellertbsm2014@hotmail.com to download the test bank INSTANTLY!!! PRICE FOR THE TEST BANK‚ SOLUTION MANUAL AND BOOK PDF: Test Bank 20$ USD and Solution Manual 20$ USD. Add‚ modify‚ and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which
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Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability to apply
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environmental impact‚ for example reporting on Corporate social responsibility of a company. Corporate sustainability reporting provide organisations a guideline to make changes and improvement in aspect to business efficiency‚ reputation risk management ‚ stakeholder management other social and economic part of the business by disclosing the status of the business in the eyes of society and its stakeholders. Reporting non financial Corporate activities provide a way to communicate and deal with social issues
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corporate policy in today’s changing scenario? Ans:- meaning of corporate policy:- Definition A formal declaration of the guiding principles and procedures by which a company will operate typically established by its board of directors or a senior management policy committee. Imbedded in corporate policy are the company’s mission statement‚ objectives and the principles by which strategic decisions are to be made. It also forms the basis for measuring performance and ensuring accountability at all levels
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