Intermediate Accounting Project Assignment #1 AIA2-1 (Financial Reporting Issues: The Procter & Gamble Company) a) Proctor and Gamble’s revenue recognition policies state that the customer recognizes revenue upon either date of shipment or date of receipt; e.g. when the product or receipt has switched hands. They also record revenue net of sales‚ trade promotion spending‚ and other taxes on behalf of governmental authorities. All of these transactions are generally recorded at time of
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difference would affect workplace conflict resolution between men and women. For example: Gender seems to be a factor in preference for conflict resolution styles. Gender has been an issue of controversy and a global one Ome‚ B.N. (2013). There are five approaches to conflict resolution. 1. Threat to the other party - when one of the parties in conflict notifies the other party of an intention to publicize the other party’s action‚ and thus‚ damage the other party’s image and reputation. 2. Accepting
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is correct 2. Which of the following statements is true about accounting measurements such as profits and assets? A. They are subject to professional judgment B. They would not vary if prepared by different accountants‚ providing they were based on the same set of accounting standards C. They are based on hard‚ objective‚ evidence D. All of the given options are correct 3. Which of the following statements is true about the regulation of accounting practice in its early
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emergence of transnational actors and consequently‚ transnational interactions‚ defined as the interaction involving at least one non-state or non-international organization actor. Example of transnational actors are NGOs‚ like Greenpeace and for-profit companies‚ like Shell. As the pace of globalization does not seem slowing down‚ scholars have started to look into the most suitable approaches and theories
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Reporting Practices and Ethics Michele R. Morris HCS/405 December 18‚ 2010 Todd A. Brown Reporting Practices and Ethics Financial practices and ethical finance are important in the health care industry. Both are important to produce a successful health care organization. Here we will discuss the four elements of financial management‚ generally accepted accounting practices‚ and general financial ethics standards. Financial Management There are four elements of financial management
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Acct 3120 External Financial Reporting II Chapter 14 Debt This quiz is based on the 10-K for the year ended December 28‚ 2013 for PepsiCo‚ Inc. You can obtain Pepsi’s financial statements from the firm’s corporate web site at http://www.pepsico.com/Investors.html. Unless otherwise indicated‚ all questions relate to the current period’s financial statements. 1. How much is the current maturity of Pepsi’s long-term debt that was shown as a current liability? 5306millions 2
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The Warehouse Group Five Year Financial Analysis and Projection 2013 Business Report Executive Summary In the last two years The Warehouse Group (WHS) has looked to halt a decline in profits and revenue. The iconic brand fondly referred to as the Red Sheds by New Zealanders had hit rocky ground with a list of failed ventures (including Warehouse Australia)‚ a plummeting share price $8.50 in 2000 falling to $2.50 2012 (partly due to the global financial crisis)‚ falling operating
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Were the five-year plans successful? When Joseph Stalin took control of Russia in 1928‚ he saw that Russia was very industrially behind and with the World War II looming‚ the Soviet Union had no choice but to industrialise at the speed of light. Quoting from a speech he gave in 1931‚ he said: "The history of old Russia has consisted being beaten again and again because of our backwardness. It is our duty to the working class to increase the pace of production. We are 50 to 100 years behind the
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Question 1(a) Hilux Sdn Bhd imported a machinery to be used in its factory. The costs incurred were: Invoice price of machinery 500‚000 Insurance on shipment 200‚000 Import duties and taxes 50‚000 Delivery costs 70‚000 Installation charges 10‚000 Dismantling and restoring the building site 30‚000 General administrative cost 20‚000 Operating losses before commercial production 50‚000 Interest charges paid to supplier of plant for deferred credit
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Transnational IT Operations Paper This paper will provide overview of transnational IT operations and consider various factors associated with transnational IT operations. This paper will also address the advantages‚ disadvantages‚ and issues related to transnational IT operations. Language‚ cultural diversity‚ local customs‚ and control issues will be considered in this paper related to transnational IT operations. This paper will also focus on transfer of work‚ global network‚ service levels‚
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