(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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Charles Brack 26 June 2010 ACC-101 Written Assignment I 1.2) Boeing Company is the largest manufacturer of commercial aircraft in the United States and is a major employer in Seattle‚ Washington. Explain why each of the following individuals or organizations would be interested in financial information about the company. a. California Public Employees Retirement System. One of the world’s largest pension funds. They would be interested in Boeing’s financials to see how much the
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equals the cost of gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable
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Chapter I Introduction and It’s Background Online Banking is a system allowing individuals to perform banking activities at home‚ via the internet. First of all‚ internet banking is an innovation in financial field nowadays. Then the scale of internet banking has been enlarging rapidly all over the world. Finally‚ internet banking increasingly closes to people’s lives. This research is to inform the reader about the increasing importance of Online Banking Services. This includes the risks and
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Online Auction for UUM Students 1. Introduction The fast development of communication technology caused the millions of auction listings in thousands of categories on auction websites‚ for example eBay‚ Yahoo and uBid (Yen and Lu‚ 2008). Online auctions conducted over the Internet provide substantial sales growth chances for the intermediaries and substantial unit cost reduction for purchaser of chosen commodities (Emiliani‚ 2000). Recently‚ online auctions activities have increased rapidly‚
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Declaration This is to certify that the work being presented in the project entitled “ONLINE VOTING SYSTEM” submitted by undersigned student of Third Year B.SC in COMPUTER SCIENCE in partial fulfillment for award of degree of Bachelor of Science {Computer Science} is a record of my own work carried out by me under guidance and supervision of Prof. Pang’ of the Department of Computer Science and that this work has not submitted elsewhere for award of any other degree. Name of student: ____________________________________________
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analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310. Course Goals/Objectives This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to: • provide a more extensive understanding of financial accounting principles and procedures and their
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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Project Proposal Gerald Blacher CMGT/410 August 5‚ 2013 James O’Brien Project Proposal Huffman Trucking Company Memorandum To: Russell Smith‚ Chief Executive Officer From: Gerald Blacher‚ Project Manager Date: August 5‚ 2013 Subject: Compliance System Training on New Technology Compliance system training is a target project focused on training all managers throughout the company a new system to make the company more sustainable and profitable. Diesel Exhaust Fluids (DEF) is a system
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