institution. We expect you to strictly adhere to the guidelines‚ almanac and the format of the report. We wish you all the best in your endeavors. Prof. Bharat Bhushan Singh Ms. Mousumi Mahapatra VVISM/STP/2013/PGDM/MBA/Hyderabad ALMANAC Sl.No. Date 1 2 34 5 04/04/13- 22/04/2013 03/05/13- 07/05/2013 07/05/13 13/05/13- 17/05/2013 30/05/13- 04/06/2013 Activity Confirmation of STP Submission of Joining Report Commencement of STP Submission of Synopsis / Proposal Initial Evaluation (General information
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idea for positive change was the release of Temasek annual reports. As stated in the case “under Ho’s leadership Temasek has decided to publicly disclose its annual report with details of its performance.” This is a positive change which would make Ho’s a leader. But honestly this isn’t very important. The annual report is less important because‚ in the USA under Generally Accepted Accounting Principles (GAAP) every company annual reports are publicly displayed via the internet. So I would not view
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statements. (4) Audit objectives generally determined on audit engagements. c. The general group of U.S. generally accepted auditing standards includes a requirement that (1) field work be adequately planned and supervised. (2) the auditor’s report state whether or not the financial statements conform to generally accepted accounting principles. (3) due professional care be exercised by the auditor. (4) informative disclosures in the financial statements be reasonably adequate. d. What
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KHF CORPORATION SEEDS OF DISTRESS Jim Layton‚ controller for Kitty (Hawk Food)‚ Inc. (KHF) was under considerable stress as he walked toward the chief executive’s office. Marshall Horne‚ the CEO‚ was not known to take bad news well. In his hands‚ Jim held two letters from food suppliers that threatened to cancel KHF’s trade credit accounts. KHF had developed difficulties in cash flow such that their payments on the accounts had been late‚ at best. The suppliers provided normal trade terms to KHF
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Daily Show with Jon Stewart and The Colbert Report with Steven Colbert are two shows that air discussing news and political matters. What makes them special is they are based on a comedic standpoint that serious politics do not endorse‚ such as making blatant jokes about world leaders or poor people. Both shows are broadcasted on Comedy Central‚ have a desk in the middle of stage‚ same camera angles‚ similar introduction music and even the Colbert Report was created in response to how successful the
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In the aftermath of the Enron fiasco‚ the Securities Exchange Commission (SEC) in the United States introduced a mandatory requirement for its registrants (except for those that qualify as foreign private issuers) to have quarterly reviews of interim F/S by their independent public accountants. A decade later‚ the Auditing and Assurance Standards Board (AASB) in Canada is considering whether interim F/S should be subject to mandatory reviews. The advantages and pitfalls associated with such a change
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internal users usually in the form of management accounts‚ budgets‚ forecasts and financial statements. Internal users or users directly affiliated with the company use managerial accounting‚ which includes in-depth reports used to determine financial strengths as well as weak points. These reports help aid in the decision making process within the separate departments of a company. For example‚ Human Resource managers have to ensure the rights of their employee by using wage information along with other
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G lobal Perspectives on Accounting Education Volume 6‚ 2009‚ 83-96 A FINANCIAL STATEMENT ANALYSIS PROJECT FOR INTRODUCTORY FINANCIAL ACCOUNTING Marilyn B. Misch Business Administration Division Pepperdine University Malibu‚ California USA Carolyn A. Galantine Business Administration Division Pepperdine University Malibu‚ California USA ABSTRACT This paper describes a financial statement analysis project useful in both preparerbased and user-based introductory courses in financial
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the Framework The Australian Accounting Standards Board (AASB) is implementing the Financial Reporting Council’s policy of adopting the Standards of the International Accounting Standards Board (IASB) for application to reporting periods beginning on or after 1 January 2005. The AASB is replacing relevant existing AASB Standards with Australian Standards equivalent to those of the IASB. Consequently‚ the parts of the existing Australian conceptual framework (SAC 3 Qualitative Characteristics
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uses the deferral method for accounting and follows the accounting for not-for profit organizations (part 111). These donations are material transactions and not recording them in the financial statements and may result in a qualified audit report. Land and building should be recorded in the books at fair market value at the time of donation. The building should be amortized by estimating the remaining useful life. The $ 300‚000 is an externally restricted contribution. The portion of this
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