Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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operates. Therefore‚ in order to properly evaluate Caesars Entertainment Corporation‚ the gaming industry must be taken into consideration. Specifically‚ industry trends and strategies‚ competitors‚ business processes‚ regulation and oversight‚ special accounting and financial reporting practices‚ internal controls‚ major risks‚ as well as the implications of those risks will be addressed. Industry Trends and Strategies While the gaming industry was once considered to be “recession proof‚” it endured
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Effective communication is achieved by being able to exchange information with the ease of understanding between individuals and also being able to notice and understand others. All this is done whilst maintaining factors like emotion‚ body language‚ confidence and comfort. While someone is communicating he or she should have proper posture and keep a good level of eye contact as the lack of these factors could send negative non-verbal messages. Such a skill is required between both colleagues
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of Business Accounting Department : Faculty of Business Management and Globalization Course Name : BIB/BENTRE/BPA/BTM/BBA/BMAKT/BACCT Semester : 1 (Feb 2012 – July 2012) Commence Date : Week 3 Due Date : Week 11 Unit Controller / Examiner : Mr. Maniam Contact Number : 03- 83178333 ext 8138 E-mail : maniam@limkokwing.edu.my This group assignment will contribute 25% to your final grade. Objective • To provide students with a better understanding of accounting processes in
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she has been for 60 years. Up until this paper‚ I had no knowledge about the only company I own stock in. I decided this was the perfect opportunity to learn more about them so I can make better investing decisions in the future. Hovnanian Enterprises was founded in 1959. They design‚ construct and market a variety of for-sale housing in 178 residential communities in 18 states. The company works with an array of housing groups. They cater to individual detached housing and higher-occupancy dwellings
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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Forecasting: Accounting Cost/profit estimates Finance Cash flow and funding Human Resources Hiring/recruiting/training Marketing Pricing‚ promotion‚ strategy MIS IT/IS systems‚ services Operations Schedules‚ MRP‚ workloads Product/service design New products and services F EATURES COMMON TO ALL FORECASTS Assumes causal system p ast ==> future Forecasts rarely perfect because of r andomness Forecasts more accurate for g roups vs. individuals Forecast
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Accounting For Kids AIU Online Abstract Many people hear accounting and think of an office full of file cabinets and cubicles‚ thus its far more complex. Accounting covers far more ground than the average person may imagine. With a proper accounting process in place‚ a business will always be well informed of the company’s finances. Accounting is a business aspect that affects numerous corporation and individuals all around the world. In the business world today‚ companies use the accounting
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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LIFE CYCLE COSTING Life cycle costing (LCC) is the process of collecting‚ interpreting and analyzing data and using quantitative tools and techniques to predict the future resources that will be required in any life cycle of a system of interest. LCC can also be defined as a technique to establish the total cost of ownership. It is a structured approach addresses all the elements of this cost and can used to produce a spend profile of a product over its life span. The result of LCC usually
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