The difference between financial report and financial statement Financial report means any report about monitory matters. In other words a financial report is about the transactions that have financial effects. To run a business financial reports play important role as relevant financial information is transmitted to relevant users inside and outside the entity to help them in making decisions. For example; bank statement‚ aged debtors analysis report etc. Some financial statements are prepared
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Cultural Differences As human beings‚ we all have same needs and share similar values irrespective of which part of the world we live in. However‚ there are differences in how we live our lives based on which culture‚ traditions or religions we follow. Though India seem to be adopting western culture a lot in a fast phase‚ One can still see how differently an average Indian goes through some important phases of his/her life when compared to an average American. The three important
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the capability of company to meet its obligations timely; third‚ efficiency ratios‚ which assess the company’s operating efficiency; fourth‚ financial leverage ratio‚ which shows rationality of company’s financial structure. (Mautz and Angell 2006‚ p.27) Specifically‚ we apply ratio analysis to Unilever based on its annual reports in 2013 and 2011 and compare its 2013 figures to that of L’oreal and P&G‚ two competitive companies in the same industry as follows : 1. Profitability comparisons over
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AC1010 Financial and Management Accounting for Managers Course Work for Semester 2 Submitted by: Emerson K.Yip G-number: Date: May 1‚ 2013 Table Content : Page 1. Calculation of Standard Cost per unit for each of the products 3 2. Reconciliation Statement between Standard cost at actual 7 production and Actual Cost of Production. 3. List of possible reasons for each of the variance
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Topic: Compare and contrast the similarities and the differences between dogs and cats. Outlining: INTRODUCTION: Thesis statement: After living with them‚ I have noticed that although there are innumerable similarities between the dog and the cat‚ there are also some important differences. BODY: Paragraph 1: Cats and dogs have several similarities. + Both of them are domesticated animals kept as pets. + They eat meat‚ mice and never eat vegetable + They require love and affection and
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Economic Analysis of Building and Construction Industry Productivity: 2012 Report This report was prepared for Master Builders Australia 27 February 2012 This report has been produced for Master Builders Australia Ltd (MBA) according to their terms of reference for the project. Independent Economics makes no representations to‚ and accepts no liability for‚ reliance on this report by any person or organisation other than the MBA. Any person‚ other than the MBA‚ who uses this report does so
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Economics for Managerial Decision Making Dannielle Strupler ECO - 561 Economics – Puerto Rico University Of Phoenix September 18‚ 2012 Dr. Wanda Marrero‚ Ph.D. Economics for Managerial Decision Making Decision making is amongst the main functions of managers within the business world today; even more particularly during these times
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Responsibilities Of Financial and Managerial Accounting Managers According to Horngren‚ Sundem and Stratton in “Introduction to Management Accounting”‚ “Good management is a result of good information‚” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports
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According to Burger (2008) “Accounting is the language of business. A lot of people think it ’s just numbers‚ but it ’s really a lot more than that. There are a lot of areas outside of numbers that need to be looked at‚ processes and procedures‚ what the tone of the company is. Accounting will take you in just about any direction in a company." ~ Wade Becker‚ CPA‚ Beard‚ Miller Co. The job description of many professions is changing nowadays. The skills to perform a certain job require more skills
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There was an old advertising slogan in the UK: a brand of wood seal proudly stated that ‘it does exactly what it says on the tin.’ What does it say on your tin? Does it say that you’ll wander off into giving tidbit sof the lives of 1950s directors? If I had bought a book advsrtising itself as anecdotes about meeting thes men‚ this would be perfect. In a narrative about war corresponfgibg‚ not so much. If you think it’s vital to retain this information‚ I’d suggest that you revise the stnopsis
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