MNGT 5590 Fall2‚ 2010 Final Exam Even though this is a take-home final exam‚ it is not an open book/open note exam. Please complete it using only the vast knowledge you have acquired from class/studying and retained in your brain. This stuff means something only if you have cognitively processed it and absorbed it. There are 2 parts to the exam – a case with questions and some general questions. Remember: • there is no credit given for filler • lots of credit for organized concise
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2011 Semester 2 Intermediate Financial Reporting Final Exam Solution. Accounting standards (5 MARKS) 1. Explain what gives Australian accounting standards authority and how is it enforced? The Corporations Act gives the standards the force of law. ASIC administer the Corps Act. and hence enforce the standards. Failure to comply with the standards can include legal proceedings‚ goal‚ financial penalties and prevention from acting as a manager or director of a company in the future. In addition
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HARVARD UNIVERSITY EXTENSION SCHOOL MGMT S-2600: FINANCIAL STATEMENT ANALYSIS STUDY GUIDE FOR MIDTERM EXAM 1). On October 2‚ 2011‚ Starbucks Corporation reported‚ on its Form 10-K‚ the following (in millions): Total expenses Operating income Net earnings 2011 $10‚452.4 1‚728.5 1‚248.0 2010 $9‚759.1 1‚419.4 948.3 What amount of revenues did Starbucks report for the year ending October 2‚ 2011? A) $10‚452.4 B) $ 8‚723.9 C) $11‚700.4 D) $12‚180.9 E) None of the above Answer: C Rationale: Revenues
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E-Accounting. E-accounting is the application of online and Internet technologies to the business accounting function. Similar to e-mail being an electronic version of traditional mail‚ e-accounting is "electronic enablement" of accounting and accounting processes which are more traditionally manual and paper-based. E-accounting involves performing regular accounting functions‚ accounting research and the accounting training and education through various computer based /internet based accounting
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Accounting II Final Exam Review Chapter 18 Direct and Indirect Costs -Cost – a payment of cash or a commitment to pay cash in the future for the purpose of generating revenues. A. Cost object – costs that are often classified by their relationship to a segment of operations. Ex. Product‚ sales territory‚ a department‚ or an activity‚ such as research and development 1. Direct Cost = identified with and can be traced to a cost object Ex. The wood for a guitar is a direct cost of the
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Financial Accounting 504 23-Jun-13 Professor Chung Oracle v Microsoft Final Course Project As noted in Wikipedia Oracle is headquartered in Redwood‚ California. It was founded in 1977 and is the world’s third largest soft wear developer in sales. According to Yahoo Finance Oracle is a multi-faceted operation. Oracle provides a vast amount of services for the internet and computer. It provides cloud applications‚ IT consulting services‚ licenses middleware software which includes database and
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2013 Financial Performance OF THE FIRM – ACCOUNTING Professor Hsihui Chang Date‚ Time and Location Office: 3600 Market Street‚ Room 71l Monday‚ 6:00 – 8:50pm Telephone: 215.895.6979 Email: hc336@drexel.edu Office Hours: By Appointment Course Description The course objective is to provide prospective users of financial accounting information with an understanding of accounting fundamentals and the ability to evaluate the quality of financial accounting information
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Accounting For Managers Handbook © University of Bedfordshire 2013 Published by the University of Bedfordshire Business School Luton Campus‚ Vicarage Street‚ Luton LU1 3JU‚ United Kingdom Unit Handbook © University of Bedfordshire 2013 Welcome Welcome to the Accounting For Leaders unit of the University of Bedfordshire MBA Programme. This handbook contains all of the advice and information you need to successfully complete your work on this unit. It should be read in conjunction with the
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FINAL EXAM STUDY GUIDE The final exam consists of 100 multiple-choice questions from the information presented in Chapter 1 through Chapter 13. Each question is worth 2.5 points. This study guide indicates the items you should review before taking the exam. GOOD LUCK! CHAPTER 1 1. Know the 3 forms of business entities 2. Know the definitions of revenues and expenses 3. Know the difference between internal and external users 4. FASB – responsible for GAAP (accounting principles)
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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