89 Accounting Standard (AS) 5 (revised 1997) Net Profit or Loss for the Period‚ Prior Period Items and Changes in Accounting Policies Contents OBJECTIVE SCOPE DEFINITIONS NET PROFIT OR LOSS FOR THE PERIOD Extraordinary Items Profit or Loss from Ordinary Activities Prior Period Items Changes in Accounting Estimates CHANGES IN ACCOUNTING POLICIES Paragraphs 1-3 4 5-27 8-11 12-14 15-19 20-27 28-33 90 AS 5 (revised 1997) Net Profit or Loss for the Period 85 Accounting Standard (AS)
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Brham S. Inocencio BSA IV-A CASE 01 – Enron Corporation 1. List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item‚ indicate the specific threats‚ if any‚ that the provision of the given service can pose for an audit firm’s independence. In the recent years‚ auditing firms provides the following consulting services to their clients: a. Internal auditing b. Design of accounting systems c. Various types of Information Technology
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making across the various functional areas of an organization Managerial accounting: the form of accounting concerned with providing information to managers for use in planning and controlling operations and for decision making Financial accounting: the form of accounting concerned with providing information to shareholders‚ creditors‚ and others outside the organization The work of managers and their need for managerial accounting information Every organization has managers – someone must be responsible
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CHAPTER 1 MANAGERIAL ACCOUNTING‚ TYPES AND ETHICS. 1) Managerial Accounting: Firms internal accounting system and designed to support the information needs of managers in order to make decisions. Not bound by GAAP. a) Managerial accounting has 3 objectives: i) To provide information for planning organization actions ii) To provide information for controlling organization actions. iii) To provide information for making effective decisions. b) Reports that help mangers that are nonfinancial are:
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| | MANU/SC/0403/1991Equivalent Citation: AIR1991SC1784‚ 1991ECR289(SC)‚ 1992(60)ELT671(S.C.)‚ JT1991(3)SC108‚ 1991(2)SCALE58‚ (1991)3SCC467‚ [1991]2SCR960‚ 1991(2)UJ260IN THE SUPREME COURT OF INDIACivil Appeal No. 3401 of 1988Decided On: 16.07.1991Appellants:M/s. Burn Standard Company Ltd. and another Vs. Respondent: Union of India and othersHon’ble Judges/Coram: K. N. Singh and Kuldip Singh‚ JJ.Counsels: For Appellant/Petitioner/Plaintiff: Shankar Ghosh‚ Naresh Bakshi and K.D. Prasad
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Case EPR purchase decision at Benton Manufacturing company ITM R 6:00pm-10:00pm FALL 2014 Date:11/13/2014 INTRODUCTION (5 Points) Benton Manufacturing Company‚ Inc.‚ is a U.S. manufacturer of consumer durables with reported net sales in 1998 of nearly $1billion and operating profits of almost $180 million. In North America alone‚ the company operates 7 factories and 57 distribution centers while employing 5‚200 people. Recently‚ through the acquisitions of several companies Benton’s product lines
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Important Topics of this essay: 1. Why study the importance of your professional Image? 2. Beauty and wellness 3. Appearances count 4. Your physical presentation First impressions matter‚ because you are in the image business‚ how you look/present yourself has a bigger impact than usual on your success. Talk about Style? Look stylish. Advise clients about makeup? Wear it correctly and beautifully. Recommending hand care services? Your hands and nails need to be well groomed. If your appearance
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Case 3-1: Brant Freezer Company References Copacino‚ W. C.‚ & Rosenfield‚ D. B. (1987). Methods of logistics systems analysis. International Journal of Physical Distribution & Materials Management‚ 17(6)‚ 38-38. Retrieved from http://search.proquest.com/docview/232591012?accountid=32521 Murphy Jr.‚ P.‚ & Wood‚ D. (2011). Contemporary logistics (10th Ed.). Prentice Hall‚ Boston MA. Sarimvels‚ H.‚ Patrinos‚ P.‚ Tarantilis‚ C. D.‚ & Kiranoudis‚ C. T. (2008). Dynamic modeling
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What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words‚ namely accounting and ethics. Fortes‚ (2011) believes that ‘accounting is the collection‚ measurement‚ analysis and reporting of events in financial terms.’ While Karthik‚ (2010) believes that ‘ethics in its broader sense‚ deals with human conduct in relation to what is morally good and bad‚ right and wrong. It is the application of values to decision-making. These values include
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Lorenzo ACCTG 117 Payroll Accounting Management Monday Morning Class 02/04/2014 Matching Quiz 1. B 2. D 3. F 4. A 5. H 6. I 7. J 8. C 9. E 10. G Questions for Review 1. The Department of Labor enforces the Fair Labor Act which sets the basic federal minimum wage at $ 7.25 per hour and for the state of California’s minimum wage is $ 8.00 per hour. 2. The information that needs to be maintained by FLSA concerning employees’ wages earned is data about hours worked. 3. An employer pays half
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