ACCT3302 FINANCIAL STATEMENT ANALYSIS Accounting and Finance Tutorial Solutions - Week 2 Q1. John‚ who has just completed his first finance course‚ is unsure whether he should take a course in Busine ss Analysis and Valuation Using Financial Statements‚ since he believes that financial analysis adds little value‚ given the efficiency of capital markets. Explain to John when financial analysis can add value‚ even if capital markets are efficient. The e fficient market hypothesis states
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QUESTION BTN 1-3 Identify the parties potentially affected by this audit and the fee plan proposed Accounting code of ethics guides those in the profession to behave in a respectful‚ controlled and moral way. Clients need to have confidence in the business practices of professional accounting firms. A clear ethical code ensures that accountants practice a high standard of business that is exceptional in integrity and professionalism (Maughan‚ 2011). According to Schreiber (2003)
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and services required for customers. It has a yearly revenue of 200$ billion. Principal Members Lalitha Battina: Founder‚ CEO Mark Gates: Chief Technology Officer‚ CTO Lowell Stratton: Chief Financial Officer‚ CFO‚ responsible for financial checks and balances And verifies financial statements produced by accounting department Simone Jobs: Chief Operating Officer‚ COO Cyrus Bailey: Chief Marketing Officer‚ CMO Board of Directors: Steve Wells‚ Tim McCarthy‚ David Holmes‚ Sonia
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WAN NOR HANNIS IZATIE BINTI DAUD 2012616766 AC2208A 2.4 Explain how international differences in ownership and financing of companies could lead to differences in financial reporting. Different countries have different types of ownership. Capital provided by banks is very significant‚ as are small family member in Germany‚ France and Italy which they are also similar in using the Codifies Roman Law as their legal system. In the other hands‚ in the United States and United Kingdom there are large
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The Uniform Crime Reporting (UCR) Program defines motor vehicle theft as the theft or attempted theft of a motor vehicle. The offense includes the stealing of automobiles‚ trucks‚ buses‚ motorcycles‚ snowmobiles‚ etc. The taking of a motor vehicle for temporary use by persons having lawful access is excluded from this definition. In 2004‚ there were an estimated 1‚237‚114 motor vehicle thefts in the Nation. Two-‚ 5-‚ and 10-year trend data showed considerable volatility: the number of motor vehicles
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The day reporting center programs are a form of probation. The concept of probation was created by John Augustus‚ who was a Boston shoemaker‚ and was credited with being the “Father of Probation”. Augustus noticed through what took place in courts that minor offenders and alcohol abusers were sent to jail because of the inability to pay off fines. Being offended and disturbed by this action‚ Augustus made an agreement with authorities to pay off the offenders fines and give them friendly supervision
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reference for the evaluation and development of sound accounting practices. IS AN ACCOUNTING THEORY POSSIBLE? 115 Let’s compare this with what many believe is the accounting framework‚ the IASC Framework for the Preparation and Presentation of Financial Statements. This Framework purports to: 1 assist the board of IASC in the development of standards and review of existing standards 2 provide a basis for reducing
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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1/24/2015 Finance‚ Accounting‚ and a Company’s Financial Viability Both finance and accounting are crucial to the success of any organization. Upon first glance they seem to have the same function within a company but that is absolutely not true. Accounting and finance are related but they have different meanings and different functions in any organization. Financial affairs is deeply imbedded within decision making‚ accounting is for the financial actions within a company‚ and the two together is
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