CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Indeed‚ accountancy profession is a profession that encompasses other profession and that is why accounting has usually been thought of as highly technical field that can only be understood by the professionals (chartered accountants). Also‚ it has often been called ‘the language of business. Even‚ people in the business world owners‚ managers‚ banks‚ stockbrokers‚ investors‚ human resource managers‚ lawyers‚ to mention a few all uses
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Public Revenue Reporting and Monitoring The main sources of public revenue are: Taxes and levies such as for e.g. income tax‚ property tax‚ sales tax‚ license fees‚ import and export duties‚ levies charged for services etc Earnings from natural resources like oil‚ gas‚ minerals etc Loans from other governments‚ the private sector‚ or international financial institutions like the International Monetary Fund‚ World Bank and regional development banks that must eventually be repaid with
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Reporting Practices and Ethics Paper Alyssa Noriega HCS/405 12/10/2012 Dr. Vernita Davis Whether we want to believe it or not‚ finance is one of‚ if not‚ the important factors in running a successful healthcare organization. In order for it to be successful‚ the four elements of financial management should be executed in its entirety. These four components are controlling‚ planning‚ organizing‚ and decision making. When in the planning stage‚ it is essential to set goals
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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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Reporting Practices and Ethics Paper Jackie Melendez HCS/405 Aug 1st‚ 2011 Donna Nanovski Reporting Practices and Ethics Paper Managers who are managing health care organizations must be attentive to the accounting practices and must obey and practice the financial management procedures to be able to solve any issues if any should arise. With the continuation of the high costs of health care managers as well as consumers must know how to budget carefully. According to All Business
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Assessing and Reporting Student Achievement Purposes of the Assessments * to assist in student learning * to identify students strengths and weakness’’ * to assess the effectiveness of the instructional strategy * to assess and improve the effectiveness of curriculum programs * to assess and improve teaching effectiveness * to provide data that assist in decision making about a student’s future * to provide data in order to communicate with/involve parents in their child’s
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Journal of Economic Perspectives—Volume 24‚ Number 1—Winter 2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form‚ fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value‚ fair-value accounting is also called mark-to-market accounting
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Fraudulent Financial Reporting Schemes Abstract Routine examinations‚ audits‚ or internal control procedures‚ do not reveal most accounting fraud. Only 20% is revealed by way of auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012)
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Media bias in the reporting of the news is pervasive – it is present in every form of media and every style of reporting‚ no matter how non-biased one platform or outlet may claim to be. This is because of agenda-setting: the ability that the news has to tell the consumer which issues are important. Media of all kinds assert their agenda by many means. In a newspaper‚ the story on the front page is deemed to be of most importance; on a nightly news show‚ the story at the top of the hour is highlighted
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KPI and Reporting definitions for Hospitality IMPORTANT TO NOTE THAT HOSPITALITY INDUSTRY has organized itself with a specific chart of account & reporting system (known as the Uniform System of accounts for the hospitality industry) network of consultancy companies gathering actual & precise data for comparison and benchmarking‚ who have produced a large number of KPI (Key Performance Indicators) These are generally accepted definitions largely shared across the hospitality industry. You may
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