DISCLOSURE IN FINANCIAL REPORTS BECAUSE OF THE EXTENT TO WHICH THEY DISAGGREGATE FINANCIAL IMFORMATION INTO MEANINGFUL AND OFTEN REVEALING GROUPS.DISCUSS Word Count: 2554 Lecturer: MR LIM KAIM SOON Batch number: BAFE1 1232A SUBMISSION DATE: 24th NOVEMBER 2014 TABLE OF CONTENT Executive Summary 1a Discuss the objectives of segmental information in annual reports 1b Discuss the requirements for the disclosure of segmental information in annual reports 2a (i) Based on the
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the past century‚ governments set several accounting standards. Countries follow different standard 、accounting systems and also regulations. In the U.S.‚ Generally Accepted Accounting Principles are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly traded and privately held companies‚ non-profit organizations‚ and governments. But in the recent years‚ Accounting and financial reporting has been undergoing some changes. This
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Archive: This message is being viewed in an archive. Hi Everyone‚ Just to reiterate what I had announced in the last session. This is what you have to do for the third group assignment (i.e. the analysis of the individual company): 1. Take the annual reports of the most recent 5 financial years. Go through the same and give the analysis in terms of the framework that we had used in the class (future growth opportunities‚ risk factors‚ industry‚ products) you may also add a section for other information
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1) INTRODUCTION The purpose of this assignment is to develop learners’ analytical skills in reviewing the adoption of accounting standards in financial statements. In this assignment we are required to assess the accounting treatment of borrowing costs as per FRS 123‚ by using the latest two years financial statements for two companies listed on the Maldives Stock exchange. Financial Reporting Standard 123 Borrowing Costs (FRS 123) consists of paragraphs 1 to 30. All of the paragraphs in FRS123
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BSBFIM501A Manage budgets and financial plans Assessment Booklet Unit Code: BSBFIM501A Unit Title: Manage budgets and financial plans Trainer Comments: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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question carefully and make sure that the evidence you select is what is asked for. Failure to do so will result in the assessor returning your POE to you for additional information. When submitting evidence‚ please make sure that you write a short report as to why you have selected this evidence so that the assessor can see the evidence in context. Please ensure that the evidence supplied is your own work The Structure of the Assessment The assessment of this unit standard will take place in
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maintaining an adequate internal control structure and procedures for financial reporting” along with their report filed with the Securities and Exchange Commission (SEC). The annual report must include an assessment of the effectiveness of the company’s internal control structure and procedures for financial reporting‚ followed by having a registered public accounting firm “attest on‚ and report on the assessment made by the management.” This aspect of the legislation requires companies to document
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Why Sony fail? When I read “Leading Change Why Transformation Efforts Fail”‚ I directly linked Sony with the transformation fail. Sony‚ the previous electrical giant‚ announced a record annual net loss of $6.4 billion for fiscal year 2011 in May 22 2012. This marks the fourth consecutive year that Sony reported substantial losses. Transformation efforts couldn’t turnaround the bad situation of Sony due to the mistakes that made by Sony in those transformation. First‚ Sony did not establishing a
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McDonald’s reported a year end annual earnings report for the last 4 years: 2010‚ 2009‚ 2008‚ and 2007. This portion of the McDonalds essay will cover the company’s account amounts for the 2 most recent year end reporting period which are 2010 and 2009. This report will cover the actual numbers from McDonald’s Corp balance sheet. The balance sheet lists each individual account that applies as a liability account. Accounts payable‚ notes payable‚ short term debt‚ accrued liabilities‚ and other
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How do the financial statements included in a Form 10-Q differ from the financial statements included in a Form 10-K filing? The Form 10-Q is a quarterly report designed to give a status of how a business is doing after three months of operation. The Form 10-Q and the Form 10-K differ in the report’s interval; the Form 10-K is an annual report. B. Why don´t Warnaco’s financial reporting periods end on the same date each quarter or year? Because a quarter is measured by quarters‚ is not measured
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