Partnership Partnership is a long-term commitment to operate in business together. The people who own a partnership are called partners. They maintain one set of accounting records and share the profits and losses. Nature of Partnership 1. It is formed to make profits 2. It must obey the law as given in the Partnership Act 1890. If there is a limited partner‚ it must also comply with the Limited Partnership Act of 1907. 3. Normally there can be a minimum of two partners and a maximum of
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Equity In accounting and finance‚ equity is the residual value or interest of the most junior class of investors in assets‚ after all liabilities are paid; if liability exceeds assets‚ negative equity exists. In an accounting context‚ shareholders’ equity (or stockholders’ equity‚ shareholders’ funds‚ shareholders’ capital or similar terms) represents the remaining interest in the assets of a company‚ spread among individual shareholders of common or preferred stock; a negative shareholders’ equity
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000 copper ore a day. However‚ in the early 1990s‚ Atlas was forced to suspend its operations due to a typhoon that severely damaged its mines in Toledo. Atlas Mining now has only one (1) mill for operations. A major restructuring of the Company’s assets was undertaken in years 2004 and 2005 with the creation of three special purpose subsidiaries to develop the Toledo Copper Complex‚ Berong Nickel Project and the Toledo-Cebu Bulk Water and Reservoir Project. As a result‚ Carmen Copper Corporation
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Internship Report On Fixed asset management process Of BRAC BANK LIMITED Submitted By: Ahmed Shekutur ID # 08304034 BBS Dept‚ BRAC University Submitted To: Husain Salilul Akareem Lecturer BRAC Business School (BBS) BRAC University 1|P ag e 28th‚ February‚ 2013 To Husain Salilul Akareem Lecturer BRAC Business School (BBS) BRAC University 66 Mohakhali‚ Dhaka-1212 Subject: To accept the internship report on; “Fixed asset management process of BRAC Bank Limited. Sir‚ I am delighted to submit my
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CORPORATE FINANCE EXERCISE 2012-2013 ---------------------------------------------------------------------------------------------------------------------------------CHAPTER 4. ASSETS IN A COMPANY EXERCISE 1 In order to run the business effectively‚ Enterprise X purchased a set of 4 computers by the beginning of Year N+1. Its purchasing price is 15 million VND per item (excluding VAT). The total transportation and testing cost is 5 million VND. Their estimated useful life is 5 years. Required:
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analyse the financial statement‚ there are two ways‚ ratio analysis and cash flow analysis. With the financial statement of company Gunting Ltd‚ I will use the ratio analysis to discuess the poor side of Profitability‚ Liquidity‚ Efficiency of the asset useage and Leverage of Gunting Ltd from 2006 to 2008. Profitability ROE is comprehensive indicator of an organisation’s performance since it provides an indication of how well managers are employing the funds invested by the organisation’s sharehoulders
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AMALGAMATION‚ ABSORPTION & RECONSTRUCTION 1. Method to calculate Purchase Consideration: |Net Asset method |Intansic value method |Net payment method | |Agreed value of |MV of total assets xxx |Amalgamation in nature of: - | |assets taken over xxx |Less: MV of total Liab. xxx |Merger: Amount paid to Equity shareholders|
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Financial analysis : Balance sheet analysis: Other current assets witnessed an immense and rapid decline from the year 2010 to 2011 (1‚651 million USD). 1‚186 million USD fall in total current assets during the past three years; steady but sizable drop in total current assets. Total assets accumulated to 10‚686 million USD in 2013 which is 990 million USD more than what it used to be back in 2010 Short term debt worth 1‚501 million USD in 2010 is no longer existent Total current liabilities
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BUSN460 Individual Financial Analysis Project Student Name: Instructions: Go to the CanGo intranet found in the Report Guide tab under Course Home Use the financial statements from the most recent year to fill in the table below. You may find some formulae calling for an average‚ e.g.‚ average inventory‚ average receivables. Because we only have the Balance sheet for one year‚ you can only use the one year number not an average. Assume interest
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2012 Technical Summary IAS 37 Provisions‚ Contingent Liabilities and Contingent Assets as issued at 1 January 2012. Includes IFRSs with an effective date after 1 January 2012 but not the IFRSs they will replace. This extract has been prepared by IFRS Foundation staff and has not been approved by the IASB. For the requirements reference must be made to International Financial Reporting Standards. The objective of this Standard is to ensure that appropriate recognition criteria and measurement
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