Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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ETHICAL PRINCIPLES It is rather difficult to talk about ethics as it involves different point of view based on different moral standards one has and based on different ethical principles one uses. This Google China-cases mostly talks about the ethical dilemma faced by the company‚ whether it should obey the local law or put its global ethical standards as its best interest. Obeying the local law will push them to do self-censoring‚ which then raise many criticism internationally. Based on ‘cultural
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requested. Microline’s profits increased significantly from 2010 to 2011 with the net income of 2011 being over 3 times the amount of 2010. The return on equity also increased‚ with a 4% ROE in 2010 to 14% in 2011. Their profits are also growing faster than there assets with an increase on their return on assets of 4% between 2010 and 2011. The profit margin rose from 2% in 2010 to 5% in 2011. Sales rose from $7500 between 2010 and 2011‚ however‚ this does not account for the substantial increase
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not really interacting with the real world.”1 His remarks‚ actually taped during a November workshop‚ sparked a flurry of repercussions‚ culminating with Waltke’s resignation from the faculty of Reformed Theological Seminary in Orlando on April 6‚ 2010. That resignation has sparked outrage from many in the evangelical community who have denounced RTS as being too narrow-minded on this issue.2 The interpretation
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Case study -4 MANAGERIAL FINANCE –BUS503 Professor : Rob Shah‚ MBA‚ CPA‚ CMA Course Dates : 01/12 – 03/08 Name : NAVEEN XAVIER Abstract The purpose of this paper is to summarize the Case Study The MBA Decision. This case discusses the Exotic Cuisines Employee stock options. The purpose of this paper is to Exotic Cuisines Employee stock options and make the decision that is going to be the most fiscally responsible in the long run. This decision will be achieved by answering the
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Case Study 4 2) What forces are driving changes in the movie rental industry and are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability? The forces driving the changes in the movie rental industry can be boiled down to the booms we have seen in technology. The cost of HDTV’s has been dropping and has now become more practical for each person to obtain. This leads to the desire to
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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LESSON 1 BASIC PRINCIPLES‚ CONCEPTS AND DEFINITION OF THERMODYNAMICS OBJECTIVES The study of this lesson will enable the students to: 1. define thermodynamics and other terms necessary in the study of thermodynamics; 2. know the approaches in the study of thermodynamics; 3. state the difference between dimension and unit; 4. explain the different thermodynamics system; 5. differentiate homogenous system to a non homogenous system; 6. know the different thermodynamic properties and state
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Understanding the principles & practices of assessment Unit 1 1:1 Explain the function of assessment in learning and development The main function of an assessment is to ascertain if learning has taken place and that the learner has obtained the required knowledge‚ skills and understanding. Assessment needs to be a constant process which should take place every time you see the learner‚ either by watching what they are doing‚ asking questions or carrying out short coaching or training sessions. It
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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