Introduction Financial accounting is branch of accountancy that deals with the financial statements which helps in informing public as well other concerned people who are not involved in day to day working of a company‚ about its current financial performance. Different stages involved in financial accounting are governed by certain standards set by organisations such as The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB). The standards made by IASB
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P3- Suggest strategies to minimise effects of challenging behaviour in health and social care settings “Peter is eight years old and has autism. He has just started attending a special after school club. When he arrives there is music playing and lots of children running about. One of the assistants goes to help him remove his coat and he starts screaming and lashing out” Point Evidence After school clubs After school clubs would help Peter with his learning and concentration. After school clubs
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Business Unit 10: Financial Accounting and Financial Reporting Student name Assessor name Date issued Completion date Submitted on 28/03/15 09/05/15 Assignment title Presentation of financial information and Interpretation of Financial Statements (2 of 2) Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. Evidence (Page no) LO3 Be able to present financial information in accepted
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Work in Process Inventory 988‚000 Task: 2 a) Let the BEP sales be x dollars‚ x * 0.40 + 300‚000 = x a) So‚ x = 500‚000 dollars Total Selling price = 500‚000 Total Variable cost = 200‚000 Total fixed cost = 300‚000 b) For a monthly profit of $ 60‚000 Let sales be x dollars So‚ x - 60000 = 0.4 * x + 300‚000 So‚ sales‚ x = $ 600‚000 c) Sales = 1‚000‚000 So‚ variable cost = 400‚000 Fixed cost = 300‚000 So‚ level of profit = sales - total cost = $300‚000 Task: 3 a. Axar Products Income Statement For
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CHAPTER 2 A Further Look at Financial Statements Study Objectives 1. Identify sections of a classified balance sheet. 2. Identify and compute ratios for analyzing a company’s profitability. 3. Explain the relationship between a retained earnings statement and a statement of stockholders’ equity. 4. Identify and compute ratios for analyzing a company’s liquidity and solvency using a balance sheet. 5. Use the statement of cash flows to evaluate solvency. 6. Explain the meaning of
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Solutions Guide: Please reword the answers to essay type parts so as to guarantee that your answer is an original. Do not submit as is EXERCISE 2-2 Acquisition Method The balance sheets of Petrello Company and Sanchez Company as of January 1‚ 2011‚ are presented below. On that date‚ after an extended period of negotiation‚ the two companies agreed to merge. To effect the merger‚ Petrello Company is to exchange its unissued common stock for all the outstanding shares of Sanchez Company in the
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P3 – Market Research Primary Questionnaires: Questionnaires consist of a list of questions that can be used to obtain feedback such as a spoc which is used at colleges to find out information such as if a student is enjoying their course etc. The Oldham College recently gave all of the students a spoc which was to get their feedback about the college for e.g. if they feel safe and satisfied by their course. By doing a spoc the college is able to find out how many students are satisfied with
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differences between management accounting and financial accounting include:[1] 1. Management accounting provides information to people within an organization while financial accounting is mainly for those outside it‚ such as shareholders 2. Financial accounting is required by law while management accounting is not. Specific standards and formats may be required for statutory accounts such as in the I.A.S International Accounting Standard within Europe. 3. Financial accounting covers the entire organization
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VSRD International Journal of Business and Management Research‚ Vol. 3 No. 2 February 2013 e-ISSN : 2231-248X‚ p-ISSN : 2319-2194 © VSRD International Journals : www.vsrdjournals.com / 103 RESEARCH COMMUNICATION IFRS IMPLEMENTATION “ISSUES AND CHALLENGES FOR INDIA” 1 B. 1 Associate 2Researsh Kapoor and 2Jyoti Ruhela* Professor‚ Scholar‚ 1‚2Department Commerce & Business Administration‚ MMH College (CCS University)‚ Ghaziabad‚ Uttar Pradesh‚ INDIA. *Corresponding Author : jyotimbaicfai@gmail
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measurement on the basis of financial reporting. It provides information about what an entity might realize if it sold an asset or might pay to transfer a liability. In recent years‚ the use of fair value as a measurement basis for financial reporting has been expanded. Determining fair value often requires a variety of assumptions as well as significant judgment. Thus‚ investors desire timely and transparent information about how fair value is measured‚ its impact on current financial statements‚ and its
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