27 8‚ 9‚ 10 25‚ 28 3‚ 4 *This material is dealt with in an Appendix to the chapter. 24-1 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E24-1 E24-2 E24-3 *E24-4 *E24-5 *E24-6 Post-balance-sheet events. Post-balance-sheet events. Segmented reporting. Ratio computation and analysis; liquidity. Analysis of given ratios. Ratio analysis. Moderate Moderate Moderate Simple Moderate Moderate 10-15 15-20 5-10 20-30 20-30 30-40 P24-1 P24-2 *P24-3 *P24-4
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is incorrect about the statement of cash flows? a. It is a fourth basic financial statement. b. It provides information about cash receipts and cash payments of an entity during a period. c. It reconciles the ending cash account balance to the balance per the bank statement. d. It provides information about the operating‚ investing‚ and financing activities of the business. 2. Common Stock dividends distributable a. is a contra equity account. b. is a current liability
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Taking a Closer Look at IFRS & GAAP: A Comparative Analysis Andrew Eubanks ACC/291 Principles of Accounting II May 18th 2015 Lee Guillory Taking a Closer Look at IFRS & GAAP: A Comparative Analysis There has been a big debate brewing about the acceptable accounting standards used in the US‚ also known as the GAAP or General Accepted Accounting Principles and whether or not the US should adopt the International Financial Reporting Standards used by many international companies. The following
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Jump to Navigation Frame Your location: Assessments › View All Submissions › View Attempt View Attempt 1 of 1 Title: | Principles of Accounting II – Exam 2 | Started: | November 21‚ 2009 12:18 PM | Submitted: | November 21‚ 2009 2:06 PM | Time spent: | 01:48:10 | Total score: | 120/150 = 80% Total score adjusted by 0.0 Maximum possible score: 150 | 1. | | | Which of the following is a characteristic of a corporation? | | | Student Response | Value | Correct Answer
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Profitability Profitability is the relationship between profit and sales and helps managers to determine how well each dollar of sales generates profits The level of profitability depends on: 1. The volume of sales 2. The percentage mark-tup applied 3. The level of expenses incurred There are three ratios to measure profitability: Gross Profit Ration (GPR) Is derived from the income statement It shows how well the company is maintaining and adequate margin between sales and purchases
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.......................... 36 2 List of Tables Table 1. Income Statement Reconstruction ........................12 Table 2. Income and Expense Forecast ..............................13 Table 3. Balance Sheet Reconstruction ..............................14 Table 4. Additional Balance Sheet Related Items .................15 Table 5. Equity Discount Rate Build Up ..............................19 Table 6. Business Valuation Multiples
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Similarities and Differences A comparison of IFRS and US GAAP October 2007 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2007 IFRS technical publications IFRS Manual of Accounting 2008 Provides expert practical guidance on how groups should prepare their consolidated financial statements in accordance with IFRS. Comprehensive publication including hundreds of worked examples‚ extracts from company reports and model financial statements. IFRS News Monthly
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Pooja Rathan Marilyn R. Kaplan‚ Ph.D. Strategic Management 6 March 2013 Comparative Analysis: JetBlue VS Southwest This case is a report that compares the financials of two well-known firms in the airline industry‚ JetBlue and Southwest. JetBlue Airways Corp was established in the year 1998 with a vision of being a leading cost efficient passenger airline with competitive‚ low rates. The company has been working toward a goal of growing sustainably while also maintaining efficient liquidity
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Academic Year 2011 - 2012 Candidate | | Learning Outcomes | Unit Name/No. | | 1) understand the purpose of accounting; business income/expenditure2) be able to prepare a cash flow forecast3) be able to prepare profit and loss account and balance sheet4) be able to review business performance using simple ratio analysis | Start Date | | | Deadline | | | Assessor | | | Unit 1: | Criteria | To achieve the criteria the evidence must show that the student is able to:
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Bibliography: (Balance sheet of ICICI bank as on March 31‚2007) (Rs
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