Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au Blackboard: http://telt.unsw.edu.au. Session 1‚ 2013 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management 1A. In this first lecture you will
Premium Finance Economics Business
[pic] Balance of accounts of PRESTON PLASTIC MANUFACTURING COMPANY at December 31‚ 2011 are as follows: | | |(in £’000) | |Cash[1] | 30‚600 | | |Investment
Premium Balance sheet Asset Generally Accepted Accounting Principles
Ethics in Accounting and Financial Decision Making Fin 324 February 5‚ 2007 Ethics in Accounting and Financial Decision Making In his article‚ "Beyond Sarbanes-Oxley. Three best practices to adopt in your organization‚" the author‚ Neil S. Lebovits‚ suggests that organizations can do several things in order to ensure their ethical health. The top three practices suggested by Lebovits are to cultivate ethical role models‚ demonstrate ethical decision-making‚ and to encourage pushback. This
Premium Public Company Accounting Oversight Board Ethics Enron
The company I decided to research was the homebuilding company Hovnanian Enterprises. I chose to analyze this company and their financial information because I recently own shares within the company. This past summer my grandmother decided to buy stock for me as a college gift. She felt investing and starting early is important since she has been for 60 years. Up until this paper‚ I had no knowledge about the only company I own stock in. I decided this was the perfect opportunity to learn more about
Premium Balance sheet Asset Generally Accepted Accounting Principles
SWOT analysis method and examples The SWOT analysis is an extremely useful tool for understanding and decision-making for all sorts of situations in business and organizations. SWOT is an acronym for Strengths‚ Weaknesses‚ Opportunities‚ Threats. Information about the origins and inventors of SWOT analysis is below. The SWOT analysis headings provide a good framework for reviewing strategy‚ position and direction of a company or business proposition‚ or any other idea. Completing a SWOT analysis
Premium SWOT analysis Strategic management
[Enter Post Title Here] Eli Lilly’s Financing Decisions A. Common stock at December 31‚ 2001 * Authorized shares: 3‚200‚000‚000 shares * Issued shares: 1‚124‚333‚530 shares * Outstanding shares: 1‚123.348‚749 shares Preferred stock at December 31‚ 2001 * Authorized shares: 5‚000‚000 shares B. In December 31‚ 2001‚ the company has purchased $1.41 billion of its announced $3.0 billion share repurchase program and acquired approximately 7.2 million. In connection
Premium Stock market Corporate finance Stock
TASK 1: Cost Classification and Ethics The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows: May 31 June 30 Materials Inventory $354‚100 $327‚400 Work in Process Inventory 112‚600 116‚400 Finished Goods Inventory 138‚500 142‚800 Purchases of materials for June were $142‚600. Direct labor costs were incurred and computed on the basis of 27‚000 hours at $8 per hour. Actual overhead costs incurred
Premium Variable cost Costs
Explaining Basic Accounting Concepts and Business Structures To understand accounting there are several key concepts and terms to be familiar with. One must know where Generally Accepted Accounting Principles came from as well as how businesses form. Sources of Generally Accepted Accounting Principles The Securities and Exchange Commission (SEC)‚ American Institute of Certified Public Accountants (AICPA)‚ Financial Accounting Standards Board (FASB)‚ and the Government Accounting Standards Board
Premium Financial Accounting Standards Board Decision making
ACCOUNTING FOR BUSINESS II CHAPTER 1 COST SHEET Meaning And Scope of Cost Accountancy The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants‚ London‚ cost accountancy means‚ “the application of costing and cost accounting principles‚ methods and techniques to the science‚ art and practice of cost control. It includes the presentation of information derived
Premium Management accounting Cost accounting Cost
value accounting in IFRS financial statements Considerable attention is currentiy being given to the use of fair vaiues and fair value accounting in financiai statements prepared under internationai Financiai Reporting Standards. This month’s coiumn ciarifies what is meant by fair value accounting and when iFRS require or allow its use. It also identifies the circumstances in which IFRS requires the use of fair value in the application of the historical cost model. In IFRS financial statements
Premium Balance sheet Asset Generally Accepted Accounting Principles