CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |Study | |Questions | |Exercises | |Do It! | |Objectives | | | |
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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OL3210--Principles of Managerial Accounting—unit 2 complete There are various ways that financial statement information is presented in this article on Nokia. The first way I see is in the Good News section on page 1 “the bulk of its revenues—more than quadrupled‚ from $2.1 billion in 1993 to $8.7 billion last year (1997)‚” and on say “the recent June quarter surging to $616 million‚ up 76% from the same quarter in 1997” this is an partial example of an horizontal analysis (Stone‚ 1998). A horizontal
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What Does Historical Cost Mean? A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to
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HT513 PRINCIPLES OF ACCOUNTING FOR TOURISM AND HOSPITALITY 1. Document used after business transaction 2. Book of prime entry INTRODUCTION OF BUSINESS • The purpose of a business is to make a profit for its owner(s) • A business is a separate entity from its owner. • Every financial transaction has a dual effect. • Double entry bookkeeping accounts for the dual aspect of financial statement transactions. INTRODUCTION OF FINANCIAL STATEMENT • Information from a trial balance is used to prepare
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There are many accounting concepts which underpin GAAP such as the accruals and going concern concepts in particular. Going concern-it is assumed that the organisation will continue to operate indefinitely. This just means that when we draw up financial summaries‚ we do not assume the organisation is in severe financial difficulties. Accruals concept-when calculating the profit or loss of an organisation‚ all income and related expenditure for a specified period should be included‚ not simply
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Unit 5 IP September 28‚ 2013 Among the three artists Rubens‚ Caravaggio‚ and Rembrandt there have been many magnificent works of art. There are many different similarities and differences within each Artists works‚ aesthetic qualities and symbolic significance‚ as well as the artists’ points of view for each work of art. Rubens‚ (Peter Paul Rubens) “was a prolific seventeenth-century Flemish Baroque painter‚ and a proponent of an exuberant Baroque style that emphasized movement‚ color‚ and
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FirstLine Cases‚ Inc. Chap 3 Analytical Thinking Question 1 Table 1 The objective of the first question is to determine the amount of manufacturing overhead cost by using activity-based costing for FirstLine Cases‚ Inc. It is based on 6 activities cost pools‚ which are purchasing‚ material handling‚ production orders and setups‚ inspection‚ frame and assembly and machine-related. Expected activity is categorized into producing standard briefcases and specialty briefcases. As you see in
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References: Arulampalam‚ J. (2011‚ March 11). MAS hedge down on unclear economy. Retrieved from The Star Online: http://biz.thestar.com.my/news/story.asp?file=/2011/3/11/business/8222990&sec=business BBC Cathay Pacific Airways Limited. (2008). Cathay Pacific Airways Limited Annual Report 2008. Retrieved from http://downloads.cathaypacific.com/cx/investor/annualreports/2008_interim-report_en
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Table of Contents The principles of project management2 Viability of Project’s Success/Failure Criteria4 Additional standard for the project’s success/failure6 Calvert Social Index success/failure criteria7 Principles behind project management systems and procedures7 Human and material resources to achieve successful projects8 Information Security Audit System and Procedures 9 Key elements involved in terminating projects and conducting post-project appraisals 9 key elements involved
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