Introduction In our coursework group assignment‚ our group had chosen the Apollo Food Holdings Berhad which is listed on the main board of the Bursa Kuala Lumpur. Apollo Food Holdings Berhad is a Malaysia-based company engaged in investment holding and provision of management services. Its own subsidiaries are Apollo Food Industries (M) Sdn Bhd‚ which is engaged in manufacturing and trading in many compound such as chocolates‚ chocolate confectionery products and cakes. The company is manufacturing
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REQUIRED: Draft the appropriate audit opinion given the following scenarios. Each situation is independent of the other situations. 1. Proli Footwear’s management refuses to accrue the accounts receivable loss related to the bankruptcy of Moccasins For All. 2. The bank is expected to withdraw its financing because: a. The Company has projections that indicate continued decrease in earnings and reduced revenues; OR b. The Company has violated certain loan covenants that the bank will not waive
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ACCG 399 Reflection Learning Log Lecture 1 Financial Accounting is highlighted in the lecture. There are two key points of financial accounting. Firstly‚ financial accounting is a process involving the collection and processing of financial information to meet the decision-making needs of parties external to an orgnisation. The other one is related to laws and accounting standards‚ external reporting‚ financial statements‚ values and material‚ independent audit opinion‚ overview general purpose
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“Postmodern media blur the boundary between reality and representation.” Discuss this idea with reference to the area of the media you have studied. Reality will never be the same for two different people. Jean Baudrillard believed that there is a problem with contemporary reality‚ he believed that the distinction between what is real and what is imagined is continually blurred and eroded. His theories are overly concerned with the idea that simulations of reality end up becoming “more real than
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THE ACCOUNTING EQUATION The accounting equation can be described as of the basis of accounting. This is because it describes the double entry principle of book-keeping. It is a representation of how funds are raised to finance Assets. The equation is illustrated below: Asset = Capital + Liabilities For example‚ a girl needs to buy a laptop costing £500. She already had £250 in personal savings and then took a loan of £250 from her boyfriend. Here is the equation again: Asset Capital
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Over representation of students who are ethnically and racially diverse in special education transpires when some groups of students possess a greater need for particular services. For instance‚ there may be a higher percentage of Latino students where Spanish is the primary language used for communication. If so‚ these students deriving from Latino origin will most often require English language instruction. As a result‚ this particular group would demonstrate over representation of students from
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In a constructionist perspective Abstract This essay addresses the relationship between professional ethics and financial statement disclosure. The public should change its view on the objectivity of accounting profession because in no means can anyone be absolutely objective. The reason to this will be articulated thoroughly in the essay. Then how to maximize relative objectivity is discussed and the conclusion is that being honest and credible as the
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The Mystery of the Filipinos’ Representations for the Self Culture plays a significant role in shaping our sense of self and identity (Sta. Maria‚ 1999). It can refer to all the ways of thinking‚ feeling‚ and acting that people learn from others as members of society. Filipinos‚ though diverse culturally‚ has a unique way of representing himself/herself. We have different levels of consciousness; we select‚ we have a consciousness of choice. We always feel the need to connect with others‚ to
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Representation connects meaning and language to culture. Theories about how LANGUAGE is used to represent the world: * the reflective‚ Does language simply reflect a meaning which already exists out there in the world of objects‚ people and events? * the intentional Does language express only what the speaker or writer or painter wants to say‚ his or her personally intended meaning? * the constructionist Or is meaning constructed in and through language? this perspective has had
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Question 1 Discuss the accounting principles and concepts that were violated in the case. Explain the appropriate accounting treatments that should be used. Accounting is a systematic recording of business transactions and statements relating to assets‚ liabilities and summarizes the financial events that occur in a business. There are certain accounting principles and concepts to preparing reports on financial statements. These accounting principles and concepts are usually referred to as
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