does not look at the financial statements‚ they would not know if they were choosing a good company to invest in. Others understand that financial statements often cause more dramatic movement in the stock price when the news is released. They intend to profit from the news. External users include stockholders‚ bankers‚ creditors‚ potential investors‚ and tax and regulatory agencies that have an interest or stake in the organization. Each of these external users will use financial reports to satisfy
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behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit decreases‚ and as the change in the volume of activity decreases‚ the fixed cost per unit increases. The total variable cost is directly proportional to the change in the volume
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Communications Trends February 7‚ 2011 Abstract According to Locker and Kienzler (2008)‚ business communication consists of 10 business communication trends that affect business and administrative communication. These communication trends include (1) changes within technology (2) a focus on quality and customer’s needs (3) entrepreneurship (4) teamwork (5) diversity (6) globalization (7) legal and ethical concerns (8) balancing work and family (9) job flexibility (10) the rapid rate of change (Locker
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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lessor. Provision 2: The lease states a provision that Big Bear must pay a penalty to Goliath if Big Bear’s bank declares a default under its primary credit arrangement. The provision is dependent upon whether or not there is a “material adverse change” in Big Bear’s financial condition. The Company believes the likelihood of default is remote and the bank has no relationship with the lessor. Provision 3: The lease agreement states that Big Bear’s annual lease payment must be $1 million per year
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COMMUNICATION ASSESSMENT FILE Topic:- CHANGING TRENDS- NEW AGE ADVERTISING CHANGING TRENDS- NEW AGE ADVERTISING Advertising is a form of communication intended to persuade its viewers‚ readers or listeners to take some action. It usually includes the name of a product or service and how that product or service could benefit the consumer‚ to persuade potential customers‚ to purchase or to consume that particular brand. Different types of media can be used to deliver these messages‚ including traditional
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How Accounting Information Systems has Improved Payroll Accounting Abstract Payroll accounting has been greatly improved with the invention of accounting information systems (AIS). The process of payroll is a complicated one that involves many steps. From updating the employee information to printing the checks‚ almost all areas have been improved with the help of AIS. There are many things to keep track of when processing payroll from beginning to end. Many larger companies have turned to outsourcing
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