3101AFE TUTORIAL 1 – Semester 1 2014 Deegan Topic 1 Introduction to financial accounting theory 1.1 What is the difference between a positive theory of accounting and a normative theory of accounting? 1.6 The IASB and the FASB are currently developing a revised conceptual framework of financial reporting. If you have been asked to review the framework—which is an example of a normative theory of accounting—why would it be important for you to pay particular attention to how the objective
Premium Financial statements International Financial Reporting Standards Economics
need accounting information and need to know how to use it. Critically evaluate this statement. Accounting information provides managers with data needed to determine whether a business is at a profit or a loss‚ how much debtors owe‚ company’s liabilities‚ and much other financial information. Accounting measures business transactions and as such can help direct managers in the right course with concrete information. Principally accounting information is a tool for managers to make business decisions
Premium Management Business
198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
Premium Balance sheet Asset Generally Accepted Accounting Principles
Introduction Accounting is an important means for an enterprise to implement efficient management‚ and the main basis to draft policies and plans. With the development of economy and the improvement of modern corporate system‚ the significance of accounting is becoming more and more obvious. This essay will discuss the main functions of accounting in business contest‚ thus prove that accounting is really essential and indispensable for an enterprise. Following this‚ it will explain why it is important
Free Decision making Economics Management
Accounting Principles: A Business Perspective‚ Financial Accounting (Chapters 1 – 8) A Textbook Equity Open College Textbook originally by Hermanson‚ Edwards‚ and Maher Fearless copy‚ print‚ remix(tm) www.textbookequity.com www.opencollegetextbooks.org ISBN-13: 978-1461088189 ISBN-10: 1461088186 License: CC-BY-NC-SA p. 1 of 433 About This Publication Simply put‚ you may copy‚ print‚ redistribute‚ and re-purpose this textbook or parts of this textbook provided that you give attribution
Premium Certified Public Accountant Accountant Accountancy
Management accounting provides necessary information to assist management in decision making and management control. The chartered institute of management accountants (2001) describe Management accounting as :-the application of professional information in such a way as to assist the management in the formation of policies and in the planning and control of the operations of the organization. Management accounting has been considered as an integral part of the management knowledge in accounting and finance
Premium Strategic management Management accounting Management
Clara Barton’s Historical Contributions to Nursing This document will discuss the life of Clara Barton‚ the time frame in which she lived‚ events that happened when she was alive‚ and the explanation of how this information was and still is relevant to nursing. Clara Barton was born in December 25‚ 1821 in Oxford‚ Massachusetts and passed away at her home in Glen Echo‚ Maryland‚ on April 12‚ 1912. Clara Barton was an educator‚ a nurse and the founder of the American Red Cross. A shy‚ generous woman
Premium Nursing Nurse Education
Shytria Ash October 23‚ 2014 1st hour Contributions from the Byzantine Empire After the fall of the Western empire‚ a new empire rose called the Byzantine Empire. This empire was a continuation of the Roman Empire in many ways. They considered themselves Romans‚ and the true inheritors of the intellectual‚ political‚ and spiritual legacy of Imperial Rome. Over the years the Byzantine formed a culture for itself and developed laws and religions. Even after the fall of the empire‚ what the Byzantine
Premium Roman Empire Byzantine Empire Catholic Church
Darwin’s Contribution to Science Eric Nash Bio-Literature Dr. Slovak 04/15/2013 When one ponders the current understanding of evolution and natural selection and where it came from‚ many names may come to mind. However‚ the man who gave us the idea of natural selection in the first place was none other than Charles Darwin. While Darwin was not the only one conducting research of this kind‚ his name stands out as a driving force behind our current understanding of evolution. Charles Darwin
Free Charles Darwin
Salutation to teacher for their contribution As we all knows that this day is having its special meaning. It is the birthday of the second President of India‚ an academic philosopher Dr. Sarwapalli Radhakrishnan. We all Indians have been celebrating Teacher’s Day on 5th September‚ since 1962. Dr Sarvepalli Radhakhrishnan‚ a philosopher and a teacher par excellence‚ he gave his contribution towards Indian education system. Dr Radhakhrishnan believed that "teachers should be the best minds in
Premium India