Ms.Rine BAF3M1 Option 2 Derek Leung March 20th/13 As the Chief Accountant/Controller for Metalco Mines‚ over the past years Metalco’s net income was continuous start to decrease. With mining being with the most employees in the year of 2010 with 4000 employees.(Greater Sudbury‚ Economy) Mining in Sudbury is where the economy is. Being the chief accountant at Metalco‚ it was at the peak of there business with a strong net income with $120‚000‚000 in 2006. With Metalco’s income decreasing year
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information system collects‚ store and process the data into information which is being used by the managers‚ investors and creditors. These systems includes software which makes things easy to process the financial data for bookkeeping‚ Payroll and tax purposes. Accounting information systems are based on 6 components. * An Application to process the financial data. * Policies and procedures to secure the financial data. * Users who will use this system. * The physical devices and
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Tonight at 8‚ the kidnapping of Liam Quinn a local 6-year-old boy. Details to come. A dead air fell over a vacant room‚ filled with the elements of childhood. An unoccupied race car bed‚ stark blue walls‚ and an idle toy train complimented the eerie - yet somber - atmosphere. A dark shadowy figure lurked in the corner‚ standing ten feet tall - no definite shape. Slithering onto the floor and over the bed‚ the figure moved with haste‚ attempting to lurk as an agent of subterfuge. Arriving at the
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The book‚ Ishmael‚ by Daniel Quinn‚ was thought provoking and puzzling. The most engaging topic that continued to be extremely relevant throughout the book was about the flaws in the human race. Ishmael believes all of human sin stems from the lack of knowledge on how to live. He argues‚ “If you knew how you ought to live‚ then the flaw in man could be controlled… [and] you wouldn’t be forever screwing up the world.” There were many great breathtaking and heart stopping phrases in this book‚ but
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university I found an internship that gave me the experience needed to start my desired career. I always dreamed of having a six-figure salary and becoming high-class straight out of college‚ but after graduation day I started my career as a basic accountant. At this time‚ I felt that my career was in a stale and stagnant position. Only once I sought higher education and passed a few exams did I make notable progress in my career. After I developed my education and earned my Master’s Degree‚ I managed
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even point is defined as the point below which a business cannot operate. At this point‚ the business should be able to cover all its costs‚ which are fixed and variable costs. It is measured in either product units or dollars. Bill French‚ Accountant The break even analysis is a very important tool to help any firm in deciding on the best operational volume. It requires three types of costs namely the fixed cost‚ variable cost and selling price (Dayananda‚ et al‚ 2002). As Bill French puts
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Accountant Job Description | | |Job Title: |Accountant |Division/Department |. .Dubai Branch.............. | | | |Reports to: |Asst Sales Manager | | | |SUMMARY
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WHAT THEY DO: Accountants and auditors examine financial statements for accuracy and conformance with laws. Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. Duties Accountants and auditors typically do the following: • Examine financial statements to be sure that they are
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Tax Avoidance Analysis Tax Avoidance is a legally manipulation for the corporations to lower their tax bill by structuring transactions‚ is also called tax planning. Different with Tax Evasion‚ the Tax Evasion is Criminal and completely illegal. And in generally‚ company which have more profit should have higher tax rate‚ but with the growth of the company‚ many tax avoidance strategy were used by management as result of minimize the tax bills and also without obey the law‚ There are 3 strategies
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Task: How would you describe the roles of accountants and finance managers in your own country? You should give a preference and justification for the role you would prefer to have. You should also consider the ethical foundations for the accountant’s role. Your response to the task Accountants and finance managers both playing vital roles in any corporation. Accountants are practitioners of accounting which is a system that does the research of financial activities and collects‚ analyzes and
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