Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
situations‚ indicate whether the first or second type of evidence/audit procedure is more reliable. Provide a rationale for your choice. (8 marks) B. Inspection of records and documents relates to the auditor’s examination of entity accounting data and corroborating audit evidence. One issue that effects the reliability of documentary evidence is whether the documents are internal or external. Following are examples of documentary evidence: 1. Duplicate copies of sales invoice
Premium Invoice Balance sheet Auditing
instructions Format: The Final Exam consists of a set of 45 questions from 15 important topics presented in the NSA program. You are required to answer only 15 questions from this set. Answers to these questions should be based upon the relevant courses in the program. Each topic contains three skill levels. You need to choose a question which exhibits the highest skill level you can demonstrate fully: Level 1: Definition or basic level. This level shows a basic understanding of the concepts
Premium IP address Internet Internet Protocol
Australian School of Business School of Accounting ACCT5930 FINANCIAL ACCOUNTING Course Outline Semester 2‚ 2014 Part A: Course-Specific Information Part B: Key Policies‚ Student Responsibilities and Support Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 1 STAFF CONTACT DETAILS 1 2 COURSE DETAILS 2 2.1 Seminar Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning
Premium Financial statements Cash flow
Globalizing the Cost of Capital and Capital Budgeting at AES (Case Analysis) AES Corporation AES was founded by Roger Stan and Dennis Bakke in 1981 after the Public Utility Regulation Policy Act (PURPA)‚ which created a market for independent power producer. In 1980s‚ the company experienced rapid growth in United States and went into public in 1991. From early 1990s‚ AES began to explore offshore markets and made remarkable success. In the 12 years since it went public‚ AES has hold more
Premium Currency Risk Corporate finance
Financial Accounting Course Objectives: This course introduces the fundamentals of financial accounting to graduate students. Throughout the course‚ communication skills will be emphasized. After completing the course‚ a student is expected to understand how accounting information is produced‚ interpret and analyze financial statements‚ communicate firms’ financial health and appreciate ethical issues in accounting. Since the course content will be approached from the perspective of a user‚ rather
Premium Accountancy Final examination Finance
Section 5 Permutations and Combinations In preceding sections we have solved a variety of counting problems using Venn diagrams and the generalized multiplication principle. Let us now turn our attention to two types of counting problems that occur very frequently and that can be solved using formulas derived from the generalized multiplication principle. These problems involve what are called permutations and combinations‚ which are particular types of arrangements of elements of a set. The
Premium Permutation
1. | Question : | Li Retailing reported the following items for the current year: Sales = $3‚000‚000; Cost of Goods Sold = $1‚500‚000; Depreciation Expense = $170‚000; Administrative Expenses = $150‚000; Interest Expense = $30‚000; Marketing Expenses = $80‚000; and Taxes = $300‚000; Li’s operating profit margin is equal to | | | Student Answer: | | 25.67% | | | | 35.67% | | | | 36.67% | | | | 50.00% | | Instructor Explanation: | Operating Profit Margin = EBIT/Sales
Premium Generally Accepted Accounting Principles Revenue Marketing
Study Period 2 Examination Paper 2013 School MGN Subject Area & Catalogue number BUSS 2043 Paper 1 Course Name Foundations of Human Resource Management Student ID Given Name/s Surname If you are required to use a calculator‚ please note the make and model here Brand Model Official Reading Time: 10 minutes Writing Time: 2 hours NESB Time: 20 minutes Instructions to Candidates: SECTION A is found on page 2 and Section B on pages 3-9 inclusive. The examination
Premium Human resource management Human resources Management
FINAL EXAM: Case Study Alko Inc. Esaam M. Quazi MKTG 3130 Spring 2010 M‚W | 5:45 PM - 7:00 PM Dr. Ram Rachamadugu Consider the case‚ ALKO Inc.‚ described on page 322 and 323 in the text and answer the following questions (do not consider the questions described on page 323). 1. What is the annual inventory and distribution cost of current distribution system? Total Annual Inventory and Distribution Cost | | | | | | | | # of parts | Region 1 | Region 2 | Region 3 | Region
Premium Management Marketing Costs