inventory valuation. Students must know about LIFO and FIFO. Second Objective: The second objective is to introduces the idea that companies have choices about accounting policies to preparing their financial reports. FIFO Method: FIFO involves the assumption that goods sold are the first unit that we purchased that the oldest goods on hand. The remaining inventory is comprised of the most recent purchases. LIFO Method: In LIFO method units sold are assumed to be those most recently acquired.
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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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does not necessarily mean they think differently. The way you speak says a lot about you. Language can help mould the way we think‚ but just in its own ways. Therefore‚ even we spoke the same language‚ we might not think in the same way. Language is an important tool of communication. People have changed thoughts day by day base on most crucial is language. Language is used to communicate in life‚ work and education. For example‚ when adults say something‚ child can do follow exactly because they don’t
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WHY DO WE NEED TO STUDY LITERATURE. Literature is part of our cultural heritage which is freely available to everyone‚ and which can enrich our lives in all kinds of ways. Once we have broken the barriers that make studying literature seem daunting‚ we find that literary works can be entertaining‚ beautiful‚ funny‚ or tragic. They can convey profundity of thought‚ richness of emotion‚ and insight into character. They take us beyond our limited experience of life to show us the lives of other people
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Being a dog owner myself and a strong supporter of outdoor parks in cities‚ I believe that dog parks should be built in cities to increase pet health and give pet owners a legal place to bring their dogs. My family and I live in a rural neighborhood without sidewalks making it very difficult and dangerous to take our dog Casey on walks. The only exercise she gets is trying to run in our cramped backyard. Our situation with Casey is similar to Gizmo’s problem with finding a place to excersise
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humans have used animals for food‚ clothing‚ and other necessary purposes. As time moves on‚ and technology advances‚ humans begin to rely on medicine for their health. And still to today‚ we use animals for our needs. Animals have supplied us with the technology and advances in the medical field. Without them‚ we would have never been able to perfect the polio vaccine. They are a vital part of our survival. Animal testing strengthens our community and saves us from possible casualties. There are many
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PRODUCTION OF BIODIESEL FROM KARANJA OIL BY TRANSESTERIFICATION INTRODUCTION Majority of the worlds energy needs are supplied through petrochemical sources‚ coal and natural gases‚ with the exception of hydroelectricity and nuclear energy. All these sources are finite and at current rate of usage these will be consumed shortly. The high energy demand in the industrialized world as well as in the domestic sector and pollution problems caused due to the widespread use of fossil fuels make it
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which operations and cash flows can be distinguished both operationally and for financial reporting purposes. It has to be sold in full. Check of impairment of segment if not sold off by the end of the year. Reported net of tax and must restate all previous reports. Asset Impairment: check undiscounted cf and reduce to fair value. Cannot reverse in following years. Usually will be included in operating income and needs to be separate and clear. CF Statement Why is it important? BK‚ manipulation
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Business Unit 10: Financial Accounting and Financial Reporting Student name Assessor name Date issued Completion date Submitted on 28/03/15 09/05/15 Assignment title Presentation of financial information and Interpretation of Financial Statements (2 of 2) Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. Evidence (Page no) LO3 Be able to present financial information in accepted
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Affirmative Action – do we still need it? Affirmative action is a set of public policies and initiatives designed to help eliminate past and present discrimination based on race‚ color‚ religion‚ sex‚ or national origin. The original policies of Affirmative action were set up to help African Americans and other minority groups to overcome the past effects of discrimination. African Americans‚ minorities‚ and women discrimination in certain areas like employment‚ resources‚
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