objectives and the roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information
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firm. Those years nurtured the mental discipline for managing multiple responsibilities and time management was learnt hands-on. “Knowledge comes through eyes always open and working hands‚ and there is no knowledge that is not powers”. This statement characterizes my beliefs. Studying for an MBA requires a certain determination and strength of character. In recent years‚ the business world has become rapidly integrated across once restricting borders‚ and anyone with high goals in the business
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The world will never forget the golden day when humans conquered smallpox‚ when we eradicated the same in 1980. Also we are on the verge of eradicating one more dreadful disease‚ poliomyelitis. All this could be achieved when we could communicate with the people and take them with us. Yes‚ that’s one of the jobs of an epidemiologist. Thus a single person can make out such a vast change. But still lots of things are to be done. I am from a middle class‚ highly educated Indian family. I have three
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Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero ’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability; revenue; or expense from the company ’s viewpoint. Also indicate the normal account balance of each item. a. Amounts paid to a mall for rent. b. Amounts to be paid in 10 days to suppliers. c. A new fax machine purchased for
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I must admit that it is somewhat by accident that I find myself driven towards the field of Assistive Technology. I have always enjoyed interacting with and helping people. When I was young‚ I started babysitting children in my neighborhood‚ which fostered a growing interest in childcare and child development. As my knowledge of that field grew‚ so did my curiosity about the effects of cultures‚ communities‚ and personal relationships on children. I pursued a degree in Child and Family Studies
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ACCT7102 Individual Case Study Assignment: ‘Biovail Corporation: Revenue recognition and FOB Sales Accounting’ Task Description: The financial reporting case study is a comprehensive case study which examines the specific application of case scenarios involving principally Topic 5 (Managerial incentives for financial statement management). The case will also be used to examine student report writing skills‚ general accounting knowledge‚ and ability to critically evaluate complex case
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marketing‚ such as International Marketing‚ Advertising and Marketing Management. In addition to the lectures‚ we examined several case studies and devised specific solutions for particular problems; through these courses‚ I grew familiar with the basic theories and applications of marketing. Due to my coursework‚ I quickly developed great interest in the field of marketing. As a result‚ I sought work as an intern at Goodwell Industrial Co.‚ Ltd. during the summer vacation preceding my sophomore
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Accounting Study Guide for Test # 2 Topic 5: Financial Statement Analysis 5-1 (Q5-1) Explain in general terms the concept of return on investment. Why is this concept important in the analysis of financial performance? Return on investment measures profitability in relation to the amount of investment that has been made in the business. A company can always increase dollar profit by increasing the amount of investment (assuming it is a profitable investment). So‚ dollar profits are not necessarily
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PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS AT MARCH 31‚ 2013 (UNAUDITED) AND DECEMBER 31‚ 2012 (AUDITED) AND FOR THE THREE MONTHS ENDED MARCH 31‚ 2013 AND 2012 (UNAUDITED) F-1 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in million pesos‚ except par value per share amounts and number of shares) As at January 1‚ As at March 31‚ As at December 31‚ 2012 2012 2013
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CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting ratios
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