Uniformity and Disclosure Choice among accounting methods Uniformity ◦ Relevant circumstances ◦ Nature of finite and rigid uniformity and flexibility ◦ Extent that standards are using finite uniformity‚ rigid uniformity‚ or flexibility Disclosure Items providing important information to users Minimizing agency costs Signaling information that management wants to send to outside parties Attempting to “influence” outside parties Comparability
Premium Annual report Financial statements Balance sheet
Disclosure Analysis of the Kellogg Company Shelley Saunkeah ACC422 August 15‚ 2011 Rick Freeman Disclosure Analysis of the Kellogg Company The disclosure notes of the consolidated financial statements presented in the 2010 Annual Report of the Kellogg Company and subsidiaries shows three areas of interest. This paper will focus on those areas of cash and cash equivalents‚ accounts receivable‚ and inventories. A list of components that make up the cash and cash equivalents section will be
Premium Balance sheet Accounts receivable
Sam Ty Fund Communication March 24‚ 2013 Self-Disclosure The things I would consider a low risk and share with most people would be my hobbies and what I like to do on my free time. Demographic information such as my age‚ ethnicity background‚ education information like where I attend college and my major‚ would also be low risk things I wouldn’t mind sharing with most people. Items that are at a moderate risk would include my personal information such as e-mail‚ phone numbers and address.
Premium Emotion Feeling Psychology
Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period
Premium Balance sheet
Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
Premium Accounts receivable
Uncollectible Accounts Acc281: Accounting Concepts for Health Care Professionals Charity Care and Bad Debit Hospitals usually count bad debit in the non-compensation costs but there is a question of whether or not it should be included. There is some gray area when it comes to the difference between bad debit and charity when it comes to the Health care environment. Bad debit that won are bills that people don ’t pay for whatever reason and there is a difference between those who won ’t pay
Premium Health care Money Revenue
an allowance? First of all‚ I’m a kid and secondly‚ I love money. My answer is absolutely yes – it’s a great idea to give kids an allowance. What is an allowance? It’s money given to a child on a regular basis by a parent or a guardian. The money can be used to go towards something specific or left to the child to decide how they want to spend it. Research has shown that kids who learn about money management at an early age tend to be more successful as adults. Allowances give
Premium I Love Money Idea The Opportunity
Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer’s order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the
Premium Accounts receivable
company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing profits and losses in the ratio of 1 : 2: 3. They have omitted interest
Premium Balance sheet Asset Stock
UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
Premium Financial statements Management accounting Balance sheet