in all fields have recognized a need for a simpler set of financial reporting standards for small businesses‚ but regulators have not been willing to provide a second set of standards. Now‚ for the first time‚ there may be an answer for small firms desiring relief from the onerous reporting requirements of GAAP. The AICPA now recognizes the International Accounting Standards Board’s (IASB) recently released International Financial Reporting Standard for Small and MediumSized Entities (IFRS
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The financial controller’s function (the chief accountant) typically handles the accounting activities such as corporate accounting‚ tax management‚ financial accounting and cost accounting. The duties of a financial controller vary depending on the size of the entity‚ number of accountants in the company and the difficulty of the accounting and financial operations. Their basic role of a financial controller is to be accountable for the accounting operations of the company. In this light they have
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Financial Appraisal 1.0 Analysis This report provides an analysis of the performance of ITE Group over three consecutive years (2007-2009)‚ using various financial ratios; for the benefit of potential shareholders‚ lenders or suppliers. The report also indicates how non-financial performance indicators can help an organisation measure performance. This report will also look into the net present value method of appraisal‚ and explain its advantages and disadvantages. 2.0 Main Content The
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LAPAI‚ NIGER STATE DEPARTMENT OF BUSINESS ADMINISTRATION BSC ACCOUNTING ASSIGNMENT ON ACC 407 (FINANCIAL MANAGEMENT) PRESENTED BY MUDI ABUBAKAR U09/FMS/ACC/055 Question; what are the Nature‚ objectives and scope of Financial Management According to Dr. S. N. Maheshwari‚ “Financial management is concerned with raising financial resources and their effective utilization towards achieving the organizational goals.” Nature of Financial Management Naturally‚ financial management relates the function
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As the complexity and scope of business has expanded through the world‚ the need to track financial information has grown. There has been a corresponding increase in illegal financial activity according to separate surveys by the U. S. Department of Justice‚ Pricewaterhouse-Coopers‚ and the Association of Certified Fraud Examiners (ACFE) (Houck‚ Kranacher‚ Morris‚ Riley‚ Robertson‚ & Wells‚ 2006). An understanding of effective fraud and forensic accounting techniques can assist forensic accountants
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especially for those who are starters when it comes to business industry. There are 13 chapters in the book that states a lot of teachings and guidelines pertaining in entering a war or starting a business in an entrepreneur’s mind set. Confucius said: “If I fight‚ I conquer”‚ this line is a very inspirational to entrepreneurs because we should put in mind that we know well what to do and to perform all the strategies we planned before putting up a business. According to Sun Tzu‚ one must avoid massacres
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1. Business United Small Business Telecom (USB Telecom) is a telecom company that offers mobile services to medium businesses. This company develops products to help small business owners in their day to day activities; the applications will enable them to do their business efficiently with speed‚ and reliability. Mobile consumers have grown enormously and most of the business is done via mobile and its going to expand heavily in future. USBT customers will be able to report any service outage issues
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example‚ if you want to be a CEO or a business person who are successful‚ you are required not only working hard but also having the most important factor‚ responsibility. Therefore‚ responsibility plays the key role of many aspects in our business world. First of all‚ responsibility is basically morality. As a business person‚ we are able to know whatever is legal or illegal. Although the purpose of doing business is making as much as profit as possible‚ business person has to consider whether the
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Production‚ Forecasting Inventory Management & Quality Control 1 Types of Production: 1- Piece production (≈ 20 parts) 2- Lot (batch) production (≈ 500 parts) 3- Mass production (> 1000 parts) 4- Continuous production (oil‚ gas… chemicals) 2 r 3 Inputs: They represent the required resources for production‚ and are known as the 5 basic M’s of production system. They include Money‚ Materials‚ Manpower‚ Methods and Machines. They can be extended to Market
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Financial Management Subject Number 18 Study Pack Strathmore University Distance Learning Centre P.O. Box 59857‚ 00200‚ Nairobi‚ Kenya. Tel: +254 (02) 606155 Fax: +254 (02) 607498 Email dlc@strathmore.edu Copyright ALL RIGHTS RESERVED. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted in any form or by any means‚ electronic‚ mechanical
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