U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors reflect the true and current financial performance of the company‚ in which the management heavily relies on for decision-making. The
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YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES DEPARTMENT OF ACCOUNTING COURSE SYLLABUS FALL SEMESTER 2011/2012 COURSE: Title: ACC471— Accounting Information System Instructor:Dr. Iaad Sartawi Class Time: Section (1) – 8:00-9:00 Sunday‚ Tuesday‚ & Thursday. Section (2) – 10:00-11:00 Sunday‚ Tuesday‚ & Thursday. Section (3) – 8:00-9:30 Monday & Wednesday. Class Room: LAB 104A Office Hours: 11:00-12:00 Sunday‚ Tuesday‚ & Thursday. 9:30-10:30
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INTRODUCTION Transportation in Malaysia started to develop during British colonial rule‚ and the country’s transport network is now diverse and developed. International air transportations are so much popular and important in modern business. Nowdays‚ it is impossible to imagine prosperous business without aircraft. Large corporations have already outgrown country borders where they have been created‚ everywhere there is international cooperation International air cargoes
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services required for customers. It has a yearly revenue of 200$ billion. Principal Members Lalitha Battina: Founder‚ CEO Mark Gates: Chief Technology Officer‚ CTO Lowell Stratton: Chief Financial Officer‚ CFO‚ responsible for financial checks and balances And verifies financial statements produced by accounting department Simone Jobs: Chief Operating Officer‚ COO Cyrus Bailey: Chief Marketing Officer‚ CMO Board of Directors: Steve Wells‚ Tim McCarthy‚ David Holmes‚ Sonia Dietz
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Introduction Samsung was founded in 1938 in Korea by Byung Chull Lee with the equivalent of about 20 Euros as a small trading company‚ supplying rice and agricultural commodities to neighbour countries. Today Samsung is composed of 38 businesses including electronics‚ chemicals‚ machinery‚ construction‚ textiles‚ entertainment‚ financial services‚ insurance etc. with 423 offices and facilities in 70 countries. The Samsung Group is South Korea’s largest company or chaebol and the world’s second largest
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A company’s strategy is a "work in progress" and evolves over time because of. The ongoing need of company managers to react and respond to changingmarket and competitive conditions. The managerial task of developing a strategic vision for a company Involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense A "balanced scorecard" that includes both strategic and financial performance targets is a conceptually
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1.1 INTRODUCTION At the present time‚ education is a very important and necessary thing. Most people make an effort to gain high education in order to get good chances and have a better life. Some people prefer to continue their studies locally‚ while many others choose to study abroad. There is no wrong choices. Study local or abroad‚ both have its own advantages and disadvantages. It has becomes a popular trend among the community to send their children to study overseas as for them our local universities
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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V. Thakor University of Michigan Why Do Firms Smooth Earnings?* I. Introduction Corporate earnings management has been much in the news lately. For example‚ Business Week has recently run two cover stories‚ one titled “Who Can You Trust?” (October 5‚ 1998) and the other titled “The Numbers Game” (May 14‚ 2001)‚ that suggest that the credibility of earnings reports is being eroded by earnings management. Arthur Levitt‚ Jr.‚ chairman of the Securities and Exchange Commission (SEC)
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