Coursework BBM – Financial Accounting (FIN 2241) SHARIFUDDIN HAZIQ BIN ABDUL AZIZ SCM 022587 Ms. Janice Contents No. | Title | Pages | 1 | Executive summary | 2 | 2 | Question 1 | Introduction | 3 | | | Sole Proprietorship | 4 | | | Partnership | 5 | | | Limited Liabilities Company | 6 | | | Accounting | 7 | | | Benefits of accounting | 7-9 | 3 | Question
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1. Accounting is an information and measurement system that: A. Identifies business activities. B. Records business activities. C. Communicates business activities. D. Helps people make better decisions. E. All of these. 2. Technology A. Has replaced accounting. B. Has not changed the work that accountants do. C. Has closely linked accounting with consulting‚ planning‚ and other financial services. D. In accounting has replaced the need for decision makers. E. In accounting is only
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Financial Reporting Accurate financial reporting is paramount to the establishment of a level playing field for businesses. It also aids in analyzing trends in business and the economy. The first part of the research paper should outline the different offices and bureaus of financial reporting and why they are significant. The second part of the research paper will present some positive and negative examples of financial reporting results and offer analysis about them. These examples can incorporate
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Marketing 360 Fall 2013 REVIEW SHEET FOR EXAM #1 Exam #1 is Thursday September 12th‚ 2013 8:00pm – 10:00pm Todd Auditorium (116) What to bring. 1) #2 pencils. Always a good idea to bring a back-up 2) Your photo ID 3) A prepared mind What NOT to bring: 1) a bag of any kind Exam #1 will cover Chapters 1-4‚ and 7 as well as any material presented in class. Please study your lecture notes and the text. You are responsible for what was covered in class as well as some concepts
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A & AUDIT international accounting CCOUNTING ING Accounting for Small Businesses: The Role of IFRS By Nancy Christie‚ John Brozovsky‚ and Sam Hicks F or decades‚ U.S accountants in all fields have recognized a need for a simpler set of financial reporting standards for small businesses‚ but regulators have not been willing to provide a second set of standards. Now‚ for the first time‚ there may be an answer for small firms desiring relief from the onerous reporting requirements
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STRESS (chapter 12) 1 What are Corticosteroids and what is their function? Stress hormone that activates the body and prepares us to respond to stressful circumstance 2 What is the Hassles Scale (Folkman & Lazarus)? With what outcomes is it associated? The Hassles Scale measures how stressful events‚ ranging from small annoyances to major daily pressures‚ impact our adjustment. 3 Who is Hans Selye? What is the General Adaptation Syndrome and what happens at each stage? What is the Hypothalamus-Pituitary-Adrenal
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21. Generally accepted accounting principles c. derive their credibility and authority from general recognition and acceptance by the accounting profession. 22. A soundly developed conceptual framework of concepts and objectives should d. all of these. 23. Which of the following (a-c) are not true concerning a conceptual framework in account-ing? c. It should be based on fundamental truths that are derived from the laws of nature. S24. Which of the following is not a benefit associated
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lives 3) some leaders prefer to avoid the spotlight in order to support the group as a servant leader 4) leaders often rise to the occasion and thereafter return to the role of follower. No one leads at all times and in all circumstances What did the study by Bennis and Nunus (1985) reveal about a common set of qualities found in leaders? (page 114) “there was a great amount of diversity among the leaders…most were very ordinary in appearance‚ personality‚ and general behavior” Discuss the common-sense
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ACC/291 - Final Exam Study Guide 1. Ordinary repairs are expenses to keep a plant asset functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15‚000. Allowance for Doubtful Accounts = $3‚000 What is the amount of bad debts expense? $12‚000 Explanation: This entry simply requires you to subtract 3‚000 from
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Chapter 1 Fraud examination – process of resolving allegations of fraud from inception to disposition. It involves not only financial analysis‚ but also taking statements‚ interviewing witnesses‚ rating reports‚ testifying to findings‚ and assisting in the detection and prevention of fraud. Fraud theory approach – the methodology used to investigate allegations of fraud. 1) Analyze available data‚ create hypothesis‚ test hypothesis‚ refine / amend hypothesis. Occupational fraud / abuse – the use
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