CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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Stepanyan‚Tatevik ESL 4 Cohen 5-21-2014 My Goals for the Next Two to Six Years It is necessary to have a goal in life; otherwise‚ you cannot be something in your life. We all need objectives to motivate us. Since I moved to the US‚ I have changed my ideas about the future because there are many opportunities here which are achievable. I have some goals for the next two to six years which I want to accomplish successfully. At this stage of my life‚ my main purpose is to keep studying and getting
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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Material Goal Setting Worksheet Review this week’s resources (for example SMART criteria‚ and the Career Plan Building Activities). Respond to the following in 50 to 100 words each: 1. Describe one academic goal that you have created using the SMART criteria. How do SMART criteria contribute to your academic goals? One academic goal I’ve created using the SMART criteria is trying to submit all assignments on time. The SMART criteria contributes to my academic goal by teaching me
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University of Phoenix Material SMART Goals Part A: Reflect on your results from the Career Interest Profiler Activity and the Career Plan Building Activity: Competencies. Building on your strengths and weaknesses‚ create five SMART goals to help you with your personal academic and career journey. Resource: University of Phoenix Material: Goal Setting Example: Take a writing workshop in the next 2 to 3 weeks to help me improve my writing skills in order to successfully communicate
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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Goals meant different meanings to me every time I set one. Now that I’m attending college it has a new meaning and it will remain this meaning for as long as I live. Goals to me mean an aim‚ and purpose of an action. So as I sit here and write this goals paper I realize that the goals I set must have a purpose and be manageable. Graduating with an bachelor’s at the age of 23 is my long-term goal. This goal is very important to me meanly because after graduating college I plan on going in as
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The Goal by Eliyahu M. Goldratt tells the story of Alex Rogo‚ an industrial engineer with an MBA degree. He oversees one of the plants at UniCo Manufacturing Corporation. Alex’s plant is having difficulties in its operations‚ such as late shipments‚ production congestion‚ and lack of inventory. As a result‚ Mr. Peach‚ the VP of the company‚ gave him three months to turn around the plant‚ otherwise it might get shut down. Alex remembers his physics professor‚ Jonah‚ and asks him for advice. The main
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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