What are Corporate Financial Statements (Report and Accounts) good for and what do they not tell you? Introduction Accounting unlike finance is generally related to standard and rules ‚ its main goals are to record ‚ report and audit the accounting records of an organization. The science of accounting is precise and structured and touches such subjects as journal entries ‚ invoicing ‚ taxes ‚ quarterly or annual financial reports . It is structured ‚ precise and relatively easy calculated with
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1. Able entered into an oral contract with Baker for the sale of Able ’s car for $5‚000. Later Baker breached that contract. Able wants to sue to enforce the contract. Under the Statute of Frauds‚ who is the "party to be charged" in this case? a. Able. b. Baker. c. Both Able and Baker. d. Neither Able nor Baker‚ because this is a contract for the sale of goods. 2. Chen‚ a retail seller of fruit‚ entered into a contract for the purchase of 10 bushels of peaches from Georgina‚ at a price
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Audit and Assurance (International) Wednesday 9 December 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association
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ISYS104 Tutorial – week 2 Review Questions 1. How are information systems transforming business and what is their relationship to globalization? Describe how information systems have changed the way businesses operate and their products and services. Wireless communications‚ including computers‚ cell phones‚ and PDAs‚ are keeping managers‚ employees‚ customers‚ suppliers‚ and business partners connected in every way possible. E-mail‚ online conferencing‚ the Web‚ and the Internet
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importance of tech in business the last two decades have marked an enormous increase in the number of home computers. With it‚ computer owners have invariably taken to entrepreneurship in many varied fields. Thanks to the growth of technology‚ computers and the Internet‚ new methods have been developed for processing everyday business activities easily. Without the advent of technology‚ routine tasks would otherwise have taken and enormous amount of time and specialization. Undoubtedly‚ the computer
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Users of financial information and their informational needs. Users of accounting information are either internal or external to the organization. These users need information to help them make informed or reliable decisions or judgements with regards to the organization. Different groups have different demands for the financial information contained in a set of accounts. Information needs of internal users These include; Management; This category is made up of the senior employees who run
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BASIC NEC CODE RULES AND DESIGN PRACTICE Wire Ampacity and Size 1. Maximum loading for any branch circuit is 80% of rating of circuit for ampacity of wire for any load. NEC 220-2‚ use NEC 310-16 for ampacity. This applies to not more than 3 phase conductors in 1 conduit. Warning Voltage Drop NEC 310-16 wire ampacity tables do not take into account voltage drop‚ only thermal limit. Overhead triplex‚ use 310-16 for wire ampacity. Rule of Thumb If circuit is loaded up
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3 Threat of new entrants 4 Threat of substitute products 4 Bargaining power of customers 4 Bargaining power of suppliers 4 SWOT Analysis 5 Key successful factors 5 High level of competitive 5 Profitable organization 5 Market leader 5 Risk of the business strategy 5 Interest rate risk 5 Foreign currency risk 5 Opportunities 6 Threats 6 Appendix 7 Reference: 15 Company Profile Breville Group Limited is a public entity that is listed on the Australian Securities Exchange under the code BRG. The company
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Term Limits What are the arguments for term limits? With term limits‚ Congress will be more responsible toward the people because they will soon be themselves. They will have to live under the laws they have created while in office. Members of Congress will have less time in office to develop all types of commitments to lobbyists and other special interest groups‚ thereby eliminating lobbyists being a primary influence on legislation. A general belief is that people‚ when given power‚ will eventually
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The researcher has found the following studies and literature as relevant to the system being proposed. Records and information management (RIM) is the field of management responsible for the efficient and systematic control of the creation‚ receipt‚ maintenance‚ use‚ and disposition of records‚ including processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records Recording is a vital part of all kind of transactions. The widespread
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