OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)-jetibensi@yahoo.com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar‚ Graduate School as Prerequisite for Admission into MSc. Accounting‚ Faculty of Management Sciences. INTRODUCTION: Financial Statements provides information that is used by interested parties (users) to assess and appraise the performance and financial Status of managers and the
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Introduction Bursa Malaysia was in the beginning started as the Singapore Stockbrokers’ Association back in the year 1930. For Malaysia‚ it is the first official securities business organization. After seven years‚ it was re-registered as Malayan Stockbrokers’ Association. From the years 1937 to 2004‚ many changes in the business procedures happened which includes name changes. Bursa Malaysia provides comprehensive exchange-related services which include trading‚ clearing‚ settlement and depository
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GASB and the FASB. Two of the most exciting boards in the accounting world today. We will compare and contrast each of the boards to get a more in-depth look into how each of the boards operate. We will go thru their mission statements in order to get a sense of how they operate and what are their overall goals. Let’s get started! The FASB mission statement states‚ “that it is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental
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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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“Sustainable” business practices are being touted‚ or even required‚ more and more by western society. What is ANZ’s sustainability policy and how is this congruent (or not) with cutting edge sustainability thinking and theory. Does this thinking and practice change across borders? And if so‚ how does the ANZ’s Australian head office engage with it? Does what they espouse align with the reality of their practice? Over the past few decades‚ sustainable business practices have become more prevalent
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students stay focused in class‚ but do students really like wearing uniforms? Are they really that helpful? School uniforms limit self-expression‚ do not allow kids to have the freedom to make their own clothing choices‚ and it’s costly for families to buy uniforms. Most of the students do not like wearing uniforms because they do not feel safe and connected to the school community by wearing uniforms. So if wearing uniforms does not help students in any way‚ what is the point of parents spending on
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[pic] [pic] Definition of management Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business‚ political‚ cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz‚ “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment
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accounting branches have been expanding at a considerable step which has also put load on this ground field. Companies and businesses interface their financial rank by producing few outlines to the exterior world so as to retain the interest of employees‚ shareholders‚ investors‚ customers‚ etc. This statistics is shared in the outline of financial declarations‚ annual reports‚ etc which makes it easier on the decision making procedure as well. Besides‚ showing misleading and untrustworthy reports
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FASB Codification System Orientation Paper Introduction Becoming an accountant there are many guidelines and regulations that one must become aware of. The FASB assists in establishing these guidelines through generally accepted accounting principles‚ GAAP. As an accountant one must follow GAAP while producing any reports for a business. Consequently‚ the author will explore the FASB Codification System‚ its purpose‚ and contents. The FASB Codification System The FASB Codification Systems
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Do Rules Contribute to a Persons Happiness? Rules and regulations. The two words which every child and even many adults hate to hear. When thinking of ‘rules’ we think of something which stands in the way of our doing something we may want to. We immediately curse the rule‚ not thinking in what way it may be helping us. We fervently wish that it never existed‚ without really being able to comprehend what the world would be like without that rule. What we‚ as humans‚ fail to understand‚ is that rules
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