Accounting Theory – Seminar 2 Presentation Briefly describe the accounting profession/What is the role of accountants? Accountants analyse costs of operations‚ products‚ and special projects. Compute taxes owed‚ prepare tax returns. Organize and maintain financial records. Suggest ways to reduce costs‚ enhance revenues and improve profits‚ Improve businesses efficiency. Critically discuss the role of the CFO Andy Fastow in the ENRON scandal Fastow created hundreds/ of "special-purpose entities"–off
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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launched a new business‚ Benton’s Maintenance Co.‚ that began operations on June 1. The following transactions were completed by the company during that first month. 1. N.Benton invested $41.000 cash in the company ( cash‚ equity (owner capital)) 2. The company rented a funitured office and paid $2.200 cash for June’s rent. ( cost‚ cash) 3. The company purchased $1.860 of equipment on credit ( equipment‚ payable) 4. The company paid $780 cash for this months’s advertising of the opening
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University of Phoenix Material Week Four Quiz 1. Please indicate whether each of the statements below is true or false. a. A normal distribution is any distribution that is not unusual. False b. The graph of a normal distribution is bell-shaped. True c. If a population has a normal distribution‚ the mean and the median are not equal. False d. The graph of a normal distribution is symmetric. True Using the 68-95-99.7 rule: 2. Assume that a set of test scores is normally
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CAPSTONE CHECKPOINT Capstone Checkpoint Capstone Checkpoint An issue in human services that is being mulled around in my community and state is what to do about drug and alcohol use while collecting welfare and other state benefits. The money that is meant to get the parents back on their feet and provide for the children is being grossly misused. Many people who are collecting benefit checks‚ food stamps‚ and medical benefits are unable to pass a drug test so in essence are not able to work
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Week 2 Discussion Nurses as Leaders in Health Care Reform Allison B. Neal For this week’s discussion I chose to focus on the importance of mentorship in nursing. This will focus on identifying the characteristics of mentors that have (or could be) most successful in recruiting and training diverse nurses and nurse faculty. At my facility me and another fellow nurse are head of our units mentoring program. This program that we have implemented focuses on the new graduated nurse and follows them
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Week 2 (7) Trade and Comparative Advantage Chapter 3 Problem set Exercise 2.1 Assume there are just two countries in the world‚ i.e. the European Union (EU) and the Rest of the World (RW). Both countries produce and consume 2 products: bicycles (b) and apples (a). Per bike‚ the EU puts in 3 hours of labour while the RW puts in 5. Per ton of apples‚ the EU needs 2 hours v. the RW 1 hour of labour. A further given is that the EU has 2400 hours of labour available v. RW 1600. The world
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working at your accounting department in Ling Clothing Company. During look through the financial statement‚ I find some of transactions and events have a few mistakes in your company‚ which conflict with accepted accounting theory and GAAP. There are some mistakes I will present: The company switched from FIFO to LIFO in accounting for inventory. The preceding year it had switched from the weighted-average method to FIFO. I think it is conflict with accounting theory. First‚ accounting method should
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1 Agents of Socialization SOC413-Week 2 IP Curtis Crawford January 20‚ 2013 Le Cordon Bleu College of Culinary Arts Agents of Socialization 2 Abstract Socialization is the way people interact with one another on a daily basis. Humans interact in many ways on the phone
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This paperwork of BCOM 275 Week 3 Learning Team Debate Paper Outline includes: Nuclear Power Plants Resources - Debate Paper assignment requirements located in Week 5. Create an outline for the Debate Paper that will be used to write the paper. Include all references to be used in the paper. Business - General Business Resources: Debate Paper assignment requirements located in Week Five. Create an outline for the Debate Paper that will be used to write the paper. Include
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