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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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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Since the issue of Chinese currency exchange rate against U.S dollar has been capturing widespread attention‚ the purpose of the study proposed herein is to profit from empirically analyzing the income elasticity and elasticity of exchange rate of gross Sino-US trade and commodities from ten main categories1 by employing quarterly data from 1996 to 2009‚ aiming to judge whether Chinese currency needs an appreciation or not. Ever since the 1980s‚ due to its upgrade in industrial structure‚ the United
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Appreciation Deeply rooted in Chinese culture is a system based on ethics‚ morals‚ hierarchy and behavior. The behaviors in which Chinese people show and accept appreciation are very profound. In the Western culture‚ a sincere thank you or a thank you note is an acceptable way to extend appreciation. However‚ in China‚ a more tangible form of thank you or gift is preferred. The gift selected to show appreciation must be appropriate in the Chinese culture‚ and if one is receiving a gift‚ they
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CHINA (Chinese Cuisine Lecture) by Bernadette Olivares December 10‚ 2012 CHINA Population: Ethnic groups: Han Chinese 91.5%‚ Zhuang‚ Manchu‚ Hui‚ Miao‚ Uyghur‚ Tujia‚ Yi‚ Mongol‚ Tibetan‚ Buyi‚ Dong‚ Yao‚ Korean‚ and other nationalities 8.5% (2000 census) Religions: Daoist (Taoist)‚ Buddhist‚ Christian 3%-4%‚ Muslim 1%-2% note: officially atheist (2002 est.) Languages: Standard Chinese or Mandarin (Putonghua‚ based on the Beijing dialect)‚ Yue (Cantonese)‚ Wu (Shanghainese)‚ Minbei
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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associations are getting more and more‚ the number of people who was leaded by these peasant associations was increasing at an amazing speed. Then Hunan province happened a big peasant movement that against local tyrants and evil gentry‚ feudal thought and system. In this movement‚ many local tyrants and evil gentry were “destroyed”. This big event reinforced Mao thinks the peasant movement will raise like a mighty storm. They will destroy all the imperialists‚ warlords‚ corrupt officials‚ local tyrants and
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the foremost factors that Chinese businessmen take into account. Other factors include preparation for Chinese business meetings‚ knowledge of the Chinese Lijie‚ such as non-verbal communication and social relationships. Also‚ the Chinese banquet consisting table etiquette together with drinking and toasting. There will also be gift-giving‚ such as what should be considered to give and what should be avoided. Last but not least‚ different ways to negotiate with the Chinese for the best solution should
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CHINESE CUISINE Historical Preparation and appreciation of food has been developed to the highest level in the country of China. Cooking is considered an art in Chinese culture whereas all other philosophies consider it a craft. The two main philosophies of the Chinese culture are Confucianism and Taoism. Both influenced China ’s history and the Culinary Arts. Confucianism stressed the importance of enjoyment of life involving the art of cooking. If you have a gathering‚ there must be food
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The Chinese Spring Festival The Chinese New Year or more commonly The Spring Festival (Chun Jie in Chinese) is the most important festival in China. It has more than four thousand years of history. It is based on the Chinese lunar calendar which all Chinese people use. The celebrations begin the first day of the first lunar month and end the 15th‚ although the most important day for Chinese people is new year eve‚ this day you have to be with your family and have dinner all together‚ so if you
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