Question 1 Incentives: Financial pressures from changes in the market and industry intense competition (national‚ regional‚ local) under cut prices from municipalities that could offer lower prices by using tax revenue. Pressure to meet earnings expectations Stock ownership benefits Retirement benefits Performance based bonuses Maintain growing stock price Maintain industry leadership Maintain reputation Opportunities: Able to use a lot of estimates in depreciation of PPE (over 1/2 of assets)
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Bookkeepers vs Professional Accountants Many bookkeepers in our world today define themselves as accountants‚ but what is the difference between a Professional Accountant and a Bookkeeper? This essay aims discuss and examine the relationship between each of the occupations‚ examine the differences that sets the two occupations apart and then explore what makes an accountant a professional in today’s world. Comments made by third parties will be looked at in depth in order to reach a fair conclusion
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influence of the acquisitions and investments on profitability during the accounting period. 2013 Acquisition Activity In 2013‚ we acquired several companies in cash transactions for an aggregate purchase price of $195 million‚ resulting in goodwill of $103 million and acquired intangible assets of $83 million. The primary reasons for these acquisitions were to expand our customer base and sales channels and to obtain certain technologies to be used in product development. We determined the
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apply what you have learned in a case study where you experience an audit situation from two points of view: that of the auditor and the corporate financial accountant. And it is not a pass or fail exercise either – you simply have to demonstrate to ACCA that you have completed the module with consideration and provide a unique completion statement. The module allows you to reflect on your own ethical behaviour and values in a safe environment‚ with no consequences other than you understanding more
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Unit 4 – Written Assignment The Internet in Action 11/18/12 Question #1 A) Thingamajigs and Things has total assets of $45‚000 and $9‚000 in liabilities. This gives a current ratio of 5.00:1. Wannabees has total assets of $150‚000 and $85‚000 in liabilities. This gives a current ratio of 1.76:1. Thingamajigs and Things is more likely to be approved for a loan‚ because it has a higher current ration. This means that their assets are higher than their liabilities (what they owe)‚ and they
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RELEVANT TO ACCA QUALIFICATION PAPER P7 A question of ethics Paper P7‚ Advanced Audit and Assurance often contains question scenarios and requirements dealing with ethical issues‚ in both the compulsory and optional questions. When ethics appears in an optional question‚ it seems to be a popular choice for candidates in the exam‚ but answers are often lacking in detail and not well applied to the question scenario. The purpose of this article is to assist candidates in terms of knowledge and
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Question 1: 2A4-LS12 All of the following are forms of off-balance sheet financing except: Completing a horizontal merger. Creating a special purpose entity. Factoring accounts receivable. Forming a joint venture. The four common techniques used by companies to engage in off-balance sheet financing are; factoring of receivables‚ creating a special purpose entity‚ operating leases and joint ventures. Question 2: 2A4-LS34 Which of the following costs‚ when subtracted from total revenue‚ yields
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extract from our ExPedite notes to accompany your free online “Course in a Coffee Break”. To download a free complete set of our ExPress notes please visit www.theexpgroup.com. Good luck with your F4 studies. ACCA Paper F4 Corporate and Business Law For exams in 2010 theexpgroup.com ACCA F4 Corporate and Business Law ExPedite Notes Chapter 1 Economic‚ Political and Legal Systems The examiner has stated that in the exam‚ you may be required to: Explain the inter-relationship of economic
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RELEVANT TO ACCA QUALIFICATION PAPER F7 AND PERFORMANCE OBJECTIVES 10 AND 11 The need for and an understanding of a conceptual framework This topic forms most of Section A (and has an influence on Section B) of the syllabus for Paper F7‚ Financial Reporting. A conceptual framework is important to the understanding of the many principles and concepts that underpin International Financial Reporting Standards (IFRS) and is an often-neglected part of candidates’ studies. Questions from these areas
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any of the three ACCA Fundamentals papers‚ F7‚ F8 and F9. b) Pass the three ACCA Fundamentals papers F7‚ F8 and F9 and pass other papers as required to successfully complete all nine Fundamentals level papers c) The degree must be completed within 10 years of your start date onto the ACCA‟s professional qualification otherwise your eligibility will be withdrawn. d) If you have a status of ‘you have not indicated whether you want to opt in or not’ then you can simply mail to acca@brookes.ac.uk to
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