Purpose: To improve our understanding of accounting concepts and become familiar with the contents of a company’s annual report (Form 10-k)‚ and the proxy statement (DEF 14A) which are both filed with the Securities and Exchange Commission (SEC). Scope: The team shall lead a class discussion for Intel Corporation 2010‚ with an analysis of Intel’s profitability. In addition to the presentation‚ a written report will be submitted onto Blackboard by May 2‚ 2011. The report shall contain the answers
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Financial Accounting Final Study Guide Liabilities – Probable debts or obligations that result from past transactions Current Liabilities – Are due within one year of the balance sheet date Liquidity – The ability to pay current obligations Working capital – Current assets minus current liabilities Accrued Liabilities – Expenses that have been incurred but have not been paid at the end of the accounting period Deferred Revenues – Revenues that have been collected but not yet earned‚ they are
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INCOME AND EXPENDITURE What are the club’s main sources of income? • Membership fees • Entrance fees • Profits made by running a tuck-shop and bar/coffee shop • Profits made by running a Kit shop What are the club’s main items of expenditure? • Refreshments bought to sell at the tuck-shop and bar/coffee shop • Expenditure on cost price of the club jerseys and socks that get sold at the Kit shop • Operating expenses such as water‚ electricity‚ etc. • Maintenance expenses What ledger accounts
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You are an Investment Analyst Strayer University ACC557 – Financial Accounting Professor Levi Beckwith March 16‚ 2014 1. Analyze each company’s history‚ product/services‚ major customers‚ major suppliers‚ and leadership and provide a synopsis of each company. The Coca-Cola (NYSE: KO ) vs. PepsiCo (NYSE: PEP ) war is one of the greatest rivalries in corporate history‚ just like Apple vs. Microsoft. Coca-Cola and Pepsi are the two most popular and widely recognized
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creating better futures http://www.uow.edu.au/commerce School of Accounting and Finance ACCY305: Financial Accounting III Subject Outline 6 credit points Subject Information Autumn‚ 2013 Wollongong On Campus Lecture Information: Wednesdays‚ 10:30 - 12:30‚ 67-104 Wednesdays (Repeat Lecture)‚ 17:30 - 19:30‚ 20.4 Pre-requisites: ACCY201 Co-requisites: Nil Restrictions: None Contact Hours: 2 hours lecture and 2 hours tutorial Online Subject Material: http://www.uow.edu.au/student/index.html
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CHAPTER 11 Financial Reporting Concepts ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Set A Problems Set B 1. Explain the importance of having a conceptual framework of accounting‚ and list the components. 1‚ 2 1 3 3 2. Identify and apply the objective of financial reporting and the underlying assumptions used by accountants. 3‚ 4‚ 5 2‚ 3‚ 6 1‚ 2‚ 4‚ 5‚ 6 1‚ 2‚ 4‚ 5 1‚ 2‚ 4‚ 5 3. Describe the fundamental and enhancing
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1. What is the FASB Accounting Standards Codification? The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities. 2. When did the codification become effective? The Codification is effective for interim and annual periods ending after September 15‚ 2009. 3. The FASB had three primary goals in developing the Codification. Identify them. a.
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Accounting Information Systems Test Bank 10th Edition Chapter 1 (new version) MULTIPLE CHOICE 1. A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information 2. This results when a subsystem achieves its goals while contributing to the organization’s overall goal. a) Goal conflict b) Goal congruence c) Value of information d) Systems congruence 3. Goal conflict may result when a) A decision
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Rachel V. Macatangay MARCH 5‚ 2013 F2B PROJECT FOR FINAL TERM (FINACC) LEHMAN’S BROTHERS The History of Lehman Brothers Date Organized: 1844 Incorporators Background: Lehman Brothers had humble origins‚ tracing its roots back to a small general store that was founded by German immigrant Henry Lehman in Montgomery‚ Alabama‚ in 1844. In 1850‚ Henry Lehman and his brothers‚ Emanuel and Mayer‚ founded Lehman Brothers. While the firm prospered over the following decades as
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Alex Parrott Accounting 201 Annual Report Project Semester: Spring 2014 4-18-14 A. Introduction Hooker Furniture Corporation is a growing furniture company in today’s industry and current economic circumstances. This company was incorporated in Virginia in 1924‚ and is ranked among the nation’s largest publicly top 10 furniture sources. Paul B. Toms Jr. has been Chairman and Chief Executive Officer for Hooker Furniture Corporation since 2000 and has also been with the company since 1983.
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