subordinates to obtain contracts after the quarter end‚ and failed to alert the finance and accounting departments about contracts that may have been backdated. Even though this misreporting and backdating contributed to higher quarterly revenues and earnings‚ this misreporting was not hurting anyone in the process. Yes‚ investors may have had a skewed value for the company because of their incorrect financial statements‚ but these revenues were not unearned‚ they were just earned in a different fiscal
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BUSINESS LAW EXAM #2 STUDY GUIDE Chapter 1: Nature & Sources of Law I. What is “law”? • *The general purpose of law is to create an orderly society; ensuring orderliness to all human activity; still no definition of law that has universal approval; law is very broad • Primary sources – legally binding rules/procedures‚ federal/state constitutions‚ states‚ administrative agency regulations‚ court decisions • Secondary sources – research articles‚ restatements‚ legal texts and encyclopedias;
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FINAL CASE ACCOUNTING BY: Mariana Beetar Vélez Halo Corporation Accounting Professor: Nohora Bohorquez COLEGIO DE ESTUDIOS SUPERIORES DE ADMINISTRACIÓN BOGOTÁ‚ COLOMBIA 2012 NOTES TO THE FINANCIAL STATEMENTS NOTE No.1 Overall Standard Disclosures The company‚ HALO CORPORATION‚ NIT. 126 9077885-01 and primary residence in the city of Bogotá‚ Colombia. Carrera 5ta No.71 07. Constituted by Escritura Publica of Notary No. 3 dated December 31‚ 2008‚ registered with the Chamber
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Importance of Financial Accounting Introduction According to Weygandt‚ Kieso and Kimmel (2012)‚ financial accounting is identifying‚ recording and communicating the economic events of an organization to‚ mainly‚ external users. Through financial accounting‚ some financial reports will be generated. Four financial statements are frequently used to report and analyze the financial status of companies and they are Income statement‚ Retained Earning Statement‚ Statement of Financial Position and
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Marketing 542 – Professional Selling Study Guide - Exam 1 Customer-Oriented Sales Call Model 1. Know the Seven Steps in the Selling Process‚ including a brief description of each one and what happens during each step a. Prospecting & qualifying i. Prospecting-identifying potential customers ii. Qualifying-screening leads b. Preapproach i. Learning as much as possible about a prospective customer prior to making a sales call c. Approach i. Stage where the salesperson meets the customer for the
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Section-A 1. Discuss management accounting as an effective tool of financial control. 2. What do you mean by cash from operating activities? How is it calculated? 3. The “volume-cost-profit relationship provides management with a simplified framework for organizing its thinking on a number of problems.” Discuss 4. Recently a conference speaker discussing budgets & standard costs made the following statement- “Budgets & standard costs are not the same things‚ they have different purposes
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STUDY GUIDE – FINAL SUMMER 2013 1. Which of the following came to America against their will? 2. What prodded hundreds to make the long leap into the dark? 3. What was it that betrayed a person’s rank in society? 4. What did early immigrants find when they got to America? 5. Which of the following colonies were parts of the middle colonies? 6. Which of the following colonies were parts of New England? 7. What served as the western border of the colonies? 8. What was the condition
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Anatomy & Physiology I Course Review for Final Review: 1. The Levels of Organization: Chemical Level: atoms (elements) >>>> molecules (two or more chemicals together) Cellular Lever: individualized (specialized cells) Tissue Level: tissues (groups of cells and materials surrounding them) Organs Level: different tissues that join together as a structure for a specific function System Level: related organs with a common/synergistic function Organism Level: a living
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01 MCQ FOR IMT 57 – FINANCIAL ACCOUNTING Test : (Journal‚ Ledger‚ Trial Balance‚ Errors) Name: _________________ Fundamentals of Accounting Max. Marks: 30 1. RPC Ltd. follows the written down value method of depreciating machinery year after year by applying the principle of (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above. 2. A change in accounting policy is justified
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What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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