2 Contents Conceptual framework for financial reporting Objectives 2.1 Why a conceptual framework? 2.2 IASB Framework for the Preparation and Presentation of Financial Statements 2.2.1 The objective of financial statements 2.2.2 Stewardship as an objective of financial statements: the current debate 2.2.3 Underlying assumptions 2.2.4 A note on the ‘going concern’ assumption 2.2.5 Qualitative characteristics of financial reporting information 2.2.6 Constraints on financial reporting 2.3 Elements
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Jun Liang Date: 2/16/2012 Case Study: O-Fold: A Good Business Opportunity Reline on the giving research data and information‚ the business model Alex should pursue is Use a Crawl-Walk-Run Strategy. The advantage to choosing this business model is lowest risk. There is no need for a huge star-up cost‚ and it fits Alex’s current financial situation. Second advantage of Crawl-Walk-Run strategy is‚ it gives Alex’s time to do market research for his invention. One of the reason many small business
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The places of the story are in Ithaca and Fayessia. II. CHARACTERS o Odysseus – King of Ithica o Penelope – Wife of Odysseus o Athena – Goddess of Wisdom o Calypso – She saved Odysseus from Hades o Telemachus – Son of Odysseus and Penelope o Agamemnon – head of the soldiers against the trojans o Menalayes – the one who tries to get the kingdom of Oddysseus o Poseidon – God of the Sea o Anticlea – Mother of Odysseus o Hermes – Messenger of Gods III. PLOT MAJOR CONFLICT: The major
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targets. The basic objectives is to know about the Performance Evaluation Through Ratio Analysis of Usmania Glass Sheet Factory Ltd. However the main objectives of the study are as follows: 1. To know about the sample enterprise 2. To know bout the Performance of the sample enterprise 3. To examine the Lacking of the sample enterprise 4. To make some recommendation for the company. Methodology of the Study In order to make the Report more meaningful and presentable‚ two sources of data
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O-lan and Her Self Appreciation A person’s value should not be determined by what others around them think‚ but rather how they act and speak. Many good people‚ though‚ disregard this and rely on others to tell them their worth and value‚ all the while catering to these people’s needs. Underappreciated and disregarded‚ they allow others to label them; never standing up for themselves. In Pearl Buck’s The Good Earth‚ a perfect example of this type of person would be the character O-lan. She always
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96822‚ United States c Foster College of Business Administration‚ Bradley University‚ 1501 West Bradley Avenue‚ Peoria‚ IL 61625‚ United States Abstract Service-dominant logic (S-D logic) is contrasted with goods-dominant (G-D) logic to provide a framework for thinking more clearly about the concept of service and its role in exchange and competition. Then‚ relying upon the nine foundational premises of S-D logic [Vargo‚ Stephen L. and Robert F. Lusch (2004). “Evolving to a New Dominant Logic for Marketing
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equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity
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Club details the following accounts in its financial statements. Accounts payable and accrued liabilities a) liability (L) b) operating activity (O) Accounts receivable a) asset (A) b) operating activity (O) Property‚ plant‚ and equipment a) asset (A) b) investing activity (I) Food and beverage operations revenue a) revenue (R) b) operating activity (O) Golf course operations revenue a) revenue (R) b) operating activity (O) Inventory a) asset
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Acer Incorporated Company profile Acer Incorporated – company profile 2 SOMO Stichting Onderzoek Multinationale Ondernemingen Centre for Research on Multinational Corporations Policies and business overview - General characteristics Acer has constantly pursued the goal of breaking the barriers between people and technology. Focused on marketing its brand-name IT products around the globe‚ Acer ranks as the world’s No. 3 vendor for total PCs and No. 2 for notebooks‚ with the fastest
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CONCEPTUAL FRAMEWORK AND FINANCIAL STATEMENTS TEN-MINUTE QUIZ Circle the letter of the best response. 1. The Accounting Equation is: A. Assets + Liabilities = Owner’s Equity. B. Assets = Liabilities –Owner’s Equity. C. Assets = Liabilities + Owner’s Equity. D. Assets = Liabilities x Owner’s Equity. 2. Which item is not an asset? A. Cash B. Accounts Payable C. Accounts Receivable D. Supplies 3. Given that total liabilities decreased
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