INTRODUCTION The purpose of this assignment is to develop learners’ analytical skills in reviewing the adoption of accounting standards in financial statements. In this assignment we are required to assess the accounting treatment of borrowing costs as per FRS 123‚ by using the latest two years financial statements for two companies listed on the Maldives Stock exchange. Financial Reporting Standard 123 Borrowing Costs (FRS 123) consists of paragraphs 1 to 30. All of the paragraphs in FRS123 have
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Chapter 17 Accounting and Reporting for the Federal Government True / False Questions 1. Responsibility for setting accounting and reporting standards for federal agencies rests primarily with the Federal Accounting Standards Advisory Board. True False 2. By law‚ federal agencies must incorporate the accounting standards (GAAP) established for the federal government into their financial management systems. True False 3. The objectives of federal financial reporting
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weaknesses and strengths (Palat 1999). However‚ ratio analysis is difficult and there are many limitations. This section will identify and discuss the inadequacies of accounting ratios as tools of financial analysis. ACCOUNTING POLICIES. It is difficult to use ratios to compare companies‚ because they very often follow different accounting policies. For example‚ one company may value stock under the LIFO principle‚ another may follow the FIFO principle. Similarly‚ one company may depreciate assets under
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Focus on the Learners A. The Intermediate level students have different backgrounds‚ learning experiences‚ and learning styles‚ but they find some common ground in the learning styles preferred‚ the parts of speech to be corrected‚ and the skills to be developed. The class is composed of 11 students who fall within the age range of 17 to 43 years. The group diversity also extends to their nationalities: five Thais‚ two Sri Lankans‚ two Pakistanis‚ one Japanese‚ and one Korean. The students with
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Focus on the Learner Shahid Adam Esat Word count: 1055 Learner Profile Gaby Kabengue is a 20 year old refugee from the Democratic Republic of Congo. He has been living in Johannesburg‚ South Africa for just over two months and attends the English language lessons offered at Language Lab. Gaby has a lively persona and a keen interest in learning the language‚ it is for these reason that I chose him for this assignment. Although Gaby holds no formal higher education qualifications he has had some
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Focus on the Learner Learner Characteristics Learner characteristics are difference between learners which influence their attitude to learning a language and how they learn it. These differences influence how they respond to different teaching styles and approaches in the classroom and how successful they are at learning a language. The differences include the learner’s motivation‚ personality‚ language level‚ learning style‚ learning strategies‚ age and past language learning experience. Learning
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Questions 14 Appendix B: Financial Accounting Fall 2012 Learnsmart vs. Test Grade 15 Appendix C: Financial Accounting Spring 2013 Learnsmart vs. Test Grade 16 Appendix D: Financial Accounting Fall 2013 Learnsmart vs. Test Grade 17 List of Tables Table 1. Research Questions ……………….…14 Table 2. Financial Accounting Fall 2012 Learnsmart vs. Test Grade ……………….…. 15 Table 3. Financial Accounting Spring 2013 Learnsmart vs. Test Grade ……………..… 16 Table 4. Financial Accounting Fall 2013 Learnsmart
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Issues in the Caribbean Focus Groups A focus group is a special kind of interview situation that is largely non-quantitative. In focus groups‚ a researcher gathers together 6 – 12 people in a room or neutral location with a moderator to discuss one or more issues for a set timeframe. The responses during a focus group interview are usually recorded‚ thus prior consent of all of the participants is required. The group should be homogenous enough to avoid conflicts. Focus groups are useful in explanatory
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associated with the subsidiary’s activities is limited 1-3 Organizational Structure‚ Acquisitions‚ and Ethical Considerations • Manipulation of financial reporting – Usage of subsidiaries or other entities to borrow money without reporting the debt on their balance sheets – Using special entities to manipulate profits – Manipulation of accounting for mergers and acquisitions • Pooling-of-interests 1-4 Business Expansion and Forms of Organizational Structure • Expansion from within:
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Serial Bond Debt Service Fund Journal Entries and Financial Statements. As of December 31‚ 2010‚ New Town had $9‚500‚000 in 4.5 percent serial bonds outstanding. Cash of $509‚000 is the debt service fund’s only asset as of December 31‚ 2010‚ and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1‚ with $500‚000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund and the debt service
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