effectiveness of organization’s policies‚ strategies and operations and compliance with the statutory obligations will be provided by the management. Due to the risk of uncertainties in the environments‚ stakeholders demand more from financial information to non-financial information. Not only the numerical information tell the conditions of an organization to the stakeholders‚ but transactions‚ changes in information technology‚ markets and risks and changes in laws and regulations are crucial to them
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Financial Accounting Course Objectives: This course introduces the fundamentals of financial accounting to graduate students. Throughout the course‚ communication skills will be emphasized. After completing the course‚ a student is expected to understand how accounting information is produced‚ interpret and analyze financial statements‚ communicate firms’ financial health and appreciate ethical issues in accounting. Since the course content will be approached from the perspective of a user‚ rather
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School of Accounting ACCT5930 FINANCIAL ACCOUNTING Course Outline Semester 2‚ 2014 Part A: Course-Specific Information Part B: Key Policies‚ Student Responsibilities and Support Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 1 STAFF CONTACT DETAILS 1 2 COURSE DETAILS 2 2.1 Seminar Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning Outcomes 2 2 2 3 3 3 6
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OCF = 155‚000$ 2. a) Equity Value = Net fixed assets – long-term liabilities 2006: $3600 2007: $3240 b) Net working capital = (current asset– current liabilities year 1) Change = (CA-CL of years 1) – (CA-CL of year 2) = 972-727 = 245 3. Common Size Income Statement: Sales/Revenue = 100% Cost of Goods Sold = 65.3% Depreciation = 13% Earnings before interest and taxes = 21.64% Interest Paid = 16.32% Taxable income = 53.25% Taxes (34%) = 1.8% Net income = 3.5% Dividends =
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always behave in accordance with the efficient market hypothesis‚ then should we reject the research that has embraced the EMH as a fundamental assumption? In this regard we can return to earlier chapters of this book in which we emphasised that theories are abstractions of reality. Capital markets are made of individuals and as such it would not (or perhaps‚ should not) be surprising to find that the market does not also act in the same predictable manner. Nevertheless‚ the EMH has helped provide
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would do). Then‚ its year 2 opening net assets are $276.36‚ and net income would be: P.V. Ltd. Income Statement For Year 2 Accretion of discount (10% × 276.36) P.V.’s balance sheet at time 2 would be: P.V. Ltd. Balance Sheet As at Time 2 $27.64 Financial Asset Cash: (140 + 14 + 150) $304.00 Shareholders’ Equity Opening Balance: 276.36 (286.36 - 10.00 dividend) Capital Asset‚ at Present value 0.00 $304.00 Net income 27.64 $304.00 Thus‚ at time 2 the shareholders have: Cash from dividend
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Name: Final Summer 2013 Ex. 198 Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and show all your calculations. Net income $369‚000 Beginning accounts payable $119‚000 Depreciation expense 97‚000 Ending accounts payable 146‚000 Beginning accounts receivable 420‚000 Purchase of long-term assets 612‚000 Ending accounts receivable 439‚000 Issuance
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inflation rate is 4%. 1) How much money will you withdraw in nominal terms on your 70th birthday? In nominal terms on your 75th birthday? 2) How much money do you need in your retirement account in real terms on your 65th birthday? 3) How much money will you need to save each year in real terms in order to fund your retirement needs if you make constant deposits in real terms? What would your nominal deposit be on your 40th birthday? What would your nominal deposit be on your 60th
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the vehicles and equipment. The garage cost $300‚000 and will be depreciated using the straight-line method over a period of 40 years with a salvage value of $20‚000. Depreciation for year 1 $7‚000 Depreciation for year 2 $14‚000 Asset #3—Delivery Vehicle—Henry purchased a new delivery vehicle on April 1‚ 2011 for $80‚000. The vehicle is to be depreciated over 7 years using double-declining-balance with a salvage value of $10‚000. Depreciation for year 1 $57‚144 Depreciation for
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Financial Accounting and Reporting Case: America Online 1. What accounting approach has AOL used in the past that it is now changing (related to the $385 million)? AOL‚ prior to October 1‚ 1996‚ recorded the expenditure related to subscribers acquisitions as an asset and amortized monthly over a period < 24 months. This was a strongly criticized approach. Furthermore‚ the accounting approach in the article is considered aggressive. In October 1996‚ they discontinued capitalizing customer acquisition
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