ACCT1501 ACCOUNTING & FINANCIAL MANAGEMENT 1A SEMESTER 1 2008 COURSE NOTES Last Revised: 13th August 2008. kaheiyeh.web.officelive.com Contents Page 3: The Nature of Accounting Page 5: The Balance Sheet & Transaction Analysis Page 8: The Income Statement & Transaction Analysis Page 13: Financial Reporting Principles Page 18: Adjustment to Accounting Entries Page 23: Completing the Accounting Cycle Page 26: Accounting for Cash Holdings & Receivables Page 30: Accounting for Inventory Page 37:
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Name of Course : Accounting for Decision Making Course Code : GSM5301 Rationale for the inclusion of the course in the programme : Accounting‚ through financial statements provides useful financial information which is required by managers of business organizations to make decisions. This course provides explanation on basic concepts of accounting and costing to enable them to analyze‚ solve problems and make business decisions. The course prepares students to become decision makers possessing
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Section 8 Study Questions (15.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is liability‚ and what does it mean to have personal liability for a company? (0.5 points) Liability is the authorized word for being alleged responsible as well as compelled to complete a commitment. If you attain a personal liability for a company‚ this means that you can be held personally responsible for your company; including financial obligation as
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In the corporate annual report‚ a statement reporting the independent auditor’s opinion was included. This opinion shows that the auditor has reviewed the internal controls over financial reporting and it also audits the consolidated financial position of Monsanto. The auditors express the fact that they are independent from Monsanto which means that the report is not coming from someone within the Monsanto Company. This is also important because it means that the report will not be biased and
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This report is issued in order to inform the public about Microsoft Corporation. We analyzed the profitability and liquidity of this company. In addition‚ we were able to provide recommendations for investments or credits in Microsoft for the best interest of the public. Profitability ratios refer to the relative measure to what an actual created profit. Through these ratios the company is allowed to see how profitable the company. In addition it can serve as an examination of the overall performance
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Question 1: 2A4-LS12 All of the following are forms of off-balance sheet financing except: Completing a horizontal merger. Creating a special purpose entity. Factoring accounts receivable. Forming a joint venture. The four common techniques used by companies to engage in off-balance sheet financing are; factoring of receivables‚ creating a special purpose entity‚ operating leases and joint ventures. Question 2: 2A4-LS34 Which of the following costs‚ when subtracted from total revenue‚ yields
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http://masscases.com/cases/sjc/410/410mass581.html Leagle.com (2010). Korb v Raytheon Co. Retrieved August 21‚ 2014 from http://www.leagle.com/xmlResult.aspx?xmldoc=1989770707FSupp63_1756.xml&docbase=CSLWAR2-1986-2006 Leagle.com (2010). Holodnak v. Avco Corp.‚ Avco-Lycoming d.‚ Stratford‚ Conn. Retrieved August21‚ 2014 from http://www.leagle.com/xmlResult.aspx?xmldoc=1974572381FSupp191_1542.xml&docbase=CSLWAR1-1950-1985 Rbs2.com (2000). Freedom of Speech in USA for Employees of Private Companies. Retrieved
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Walgreens Co – Progress Report 1 Company Background: A) What is the ticker symbol of your company? Identify the stock exchange(s) where your company stock trades. The corporate name of the Walgreens drugstore chain is Walgreens Co‚ as identified on Form 10-5 (SEC Filing). The company is traded in the NYSE under the ticker symbol ‘WAG’. B) Read the auditor’s report included in the annual report of the company and explain its purpose. Identify the name of the auditing firm. Walgreen’s
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ACC 291 Final Exam Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-final-exam-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: 1. The method of accounting for uncollectible accounts that results in a better matching of expenses with revenues is the a. aging accounts receivable method b. direct write-off method c. percentage of receivables method d. percentage of
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