Lecture 1 – Corporate Financial Reporting and Revision LECTURE OUTLINE Outline the nature and characteristics of companies Describe the sources of corporate financial reporting in Australia Identify which entities need to prepare financial reports that comply with accounting standards Account for share issues and dividends Account for asset revaluations and asset impairment Nature of Companies Type of organization established under the cooperation’s act 2001 Legal capacity and powers
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BAO3309 Advanced Financial Accounting Semester 2011 Non-Graded Assessment There are 1 Multiple Choice Questions and you have 13 minutes to complete this assessment 1) Which of the following is true about theories in general? A. Theories can include any coherent set of ideas or statements to explain‚ or provide guidance in respect of‚ certain phenomena B. Theories must be empirically based to describe what is‚ rather than what should be C. Theories must be based on
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Case Study 2: Johnnie Walker 1. What would be the best way for competition to react to such an internationally successful advertising campaign? In reacting to the advertising campaign‚ the competition has a challenge due to the Johnnie Walker brand already being a well-known and famous brand. As the Johnnie Walker brand is already iconic‚ if a competitive brand were to try and challenge the ‘keep walking’ campaign their efforts may be lost due to overwhelming support of Johnnie Walker. Therefore
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Tanglewood Case 2 The environmental scan for Tanglewood is very complex. According to the scan‚ there is a consistent supply of qualified individuals to fill managerial positions; however‚ it has been determined that Tanglewood may experience difficulties completing this task for several reasons. First‚ retail is often viewed as an undesirable market for recent college graduates. Secondly‚ many associate retail with working long hours‚ low pay‚ and frequent conflict with lower-level employees
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Financial Reporting Google is a publicly traded company which means that customer and stakeholders have access to the company’s financial information. The balance sheet and income statements are the two financial statements which gives a brief summary of a company’s overall financial condition. The balance sheet focuses and report figures of assets‚ liabilities and owner’s equity of the business. Assets are anything that a business has with a value such as furniture‚ liabilities are monies owe to
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Half a Pie or None. 2 Case Study #! Half a Pie of None Pertaining to the question of Why doesn ’t Mr. Green confront CEO Charles about gender stereotyping the Evaluator ’s position? I feel Mr. Green understood that if he spoke to CEO Charles he would not make any head way on the issue of hiring a woman for the position . He made it perfectly clear he thought a man would be better suited for holding the position of evaluator‚ and would not allow any woman on his evaluation team. The
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Case Study 2 The Case of...Kevin Mueller‚ the Cautious Pilot 1) Why would Captain Mueller and his copilot sit in darkness before taking off on a night flight? Captain Mueller and his co-pilot sat in the dark cockpit to get their eyes adjusted to the night time‚ so that their eyes would produce more rods which aid in seeing in dim light. 2) Why would the mysterious object have first appeared to Mueller in his peripheral vision? The ‘rods’ are thin‚ cylindrical receptor cells in the retina that
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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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Finance Theory I – Case 2 Tracy Hsiao‚ Baltic Ocean Evaluation of AQR Momentum Funds Date: Dec. 5th‚ 201r Past performance of momentum strategies – CAPM & Fama‐French MOM 4 factors model In Table 1‚ we could evaluate the past performance of momentum strategy‚ Short Decile 1 and Long Decile 10‚ a.k.a. L/S (10‐1). Capital Asset Pricing Model (CAPM) E(R) = α + Rf + β (RM - Rf) + By applying to CAPM‚ we got a β that is almost zero (-0.08) showing the strategy could effectively diversify and reduce
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Fraudulent Financial Reporting Schemes Abstract Routine examinations‚ audits‚ or internal control procedures‚ do not reveal most accounting fraud. Only 20% is revealed by way of auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012)
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