profits subject to ____________ constraints‚ although not-for-profit service suppliers seek to achieve ____________ profits subject to ____________ constraints. a. social; financial; financial; social b. social; financial; social; financial c. financial; transactional; social; regulatory d. financial; social; social; financial e. transactional; social; limited; transactional (d; Moderate; p. 5) 2. The acronym for the new North American classification system that includes services is ____________
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Maritime Greenwich Business Accounting & Finance ACCO1116 Financial & Management Accounting (MAIB) M TWO HOURS August 2008 Course co-ordinator: Dr Agnieszka Herdan INSTRUCTIONS TO CANDIDATES Answer TWO questions only. All questions carry equal marks. This is a CLOSED book examination Students are permitted to use non-programmable calculators. THIS PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM August 2008 - RESIT Course Title Financial & Management Accounting (MAIB) Course Code ACCO1116
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There are quit a few differences in financial and managerial accounting‚ the first differences has to do with the primary users of the reports; in financial accounting the reports are used by external users such as stockholders‚ creditors and regulators. On the other hand managerial accounting reports are used by internal users and include officers and managers. In addition the type and the frequency of the reports differ; financial accounting have financial statements and quarterly and annually
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Abstract The purpose of this essay is to illustrate the complexity meanings of financial reporting reflect the reality and it can be the creator of social reality. Financial reporting should have an objective “truth” and “fair” view and prepare a faithful presentation for shareholders to deal with the investment. Accounting theory need to continuous change its standards or models in order to meet the future needs. This easy also discuss this statement which relate to the sustainability issues
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“internal consistency” of accounting standards is Any entity intends to create its own standard must in accordance with the existing system of standard 2. In order to achieve “internal consistency”‚ the necessary factors are as follow: a) Any entity intends to create its own standard must in accordance with the existing system of standard b) Developing standards are correspondence with the same conceptual framework. It is necessary to establish an accounting law or principle to regulate
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1. Which of the following statements is true about hedge accounting under U.S. GAAP? a. If a derivative qualifies as a cash flow hedge‚ a company may choose to account for it as a fair value hedge. 2. When a currency is allowed to increase or decrease in value relative to other currencies‚ the currency is said to: a. Float 3. What has occurred when one company purchases the right to buy a foreign currency some time in the future at an exchange rate quoted today? a. the company has acquired
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For more Ebook’s - Test Bank - Solution Manual Please visit our website : http://www.needbook1.com/ or contact us at Ebooksmtb@hotmail.com Also you can contact us on Skype: Ebooksmtb Hilton & Herauf – Modern Advanced Accounting in Canada – 6th Edition Chapter 1 – A Survey of International Accounting PART 1: MULTIPLE CHOICE 1. Which of the following would not be a reason to obtain a greater understanding of accounting practices in other nations? a. Financial Results are disclosed in different currencies
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Chapter 5 LO1: Describe the objective of financial reporting and identify the qualitative characteristics‚ conventions‚ and ethical considerations of accounting information. The objective of financial reporting is: To provide financial information that is useful in making decisions in assessing; Cash flow prospects‚ Stewardship. * Cash flow prospects: the information needed to make judgments about the entity’s ability to generate cash flows. * Stewardship: the information about the company’s
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measurement on the basis of financial reporting. It provides information about what an entity might realize if it sold an asset or might pay to transfer a liability. In recent years‚ the use of fair value as a measurement basis for financial reporting has been expanded. Determining fair value often requires a variety of assumptions as well as significant judgment. Thus‚ investors desire timely and transparent information about how fair value is measured‚ its impact on current financial statements‚ and its
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ACCOUNTING 592 Financial Accounting & Reporting Seminar Spring 2010 Instructor: Office Hours (subject to adjustment): Teresa Gordon Office Hours: W 8:30–11:00 AM Albertsons Bldg. 118 and T‚W‚Th 1:15 - 3:00 PM 885-8960 or by appointment E-mail: tgordon@uidaho.edu Course web page: http://www.cbe.uidaho.edu/Acct592 ------------------------------------------------- MASTER OF ACCOUNTANCY – LEARNING GOALS ------------------------------------------------- -------------------------------------------------
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