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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Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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[APC309 STRATEGIC MANAGEMENT ACCOUNTING Individual Assignment : Task a and Task b ] Table of Contents Part a 1.0 Introduction to performance management …………………………………………………………………………….2 2.0 EVA and ROI ……………………………………………………………………………………………………………………………2 3.0 Mangers orientation due to using EVA and ROI……………………………………………………………………….3 4.0 Overcoming the short term nature of EVA and ROI………………………………………………………………….4 5.0 Appendix…………………………………………………………………………………………………………………………………8 Part b 1.0 Introduction
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Accounting Convergence: Advantages and Disadvantages Winston Churchill once said that “there is nothing wrong with change‚ if it is in the right direction” (Thinkexist.com) . Today‚ the accounting profession and standards in the United States is facing one of the biggest changes it has seen in a long time: the convergence of its Generally Accepted Accounting Principles (GAAP) to the International Financial Reporting Standards (IFRS). Is this a step in the right direction for the United States
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Fiber Intermediates: Fiber Intermediates have large production capacity in India. Globally the demand for all categories of Fiber is increasing at a pace of 3-4 MT annually. Polyester is accounted for 70% of the total growth of fiber in all categories in next decade. This global demand scenario has a positive impact on the Indian market as well. Polyester demand in India is likely to grow at 12% Y-o-Y to .5 MPTA. Demand of Polyester will also result into demand growth of PX which is expected to grow
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of wanting to help each other with the same goal to save Lia. Culture as an Iceberg‚ I learned the external‚ internal‚ and the three levels. The surface level culture which is above the water‚ the intermediate level culture and deep level culture. The surface level means “pop culture”‚ the intermediate level means “symbols‚ meanings‚ norms”. And deep level means‚ traditions‚ beliefs and values. The idea of culture as an iceberg means that only a smaller proportion of cultural aspects
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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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sources of information for a statement of cash flows. Discuss special problems in preparing a statement of cash flows. Explain the use of a work sheet in preparing a statement of cash flows. Copyright © 2010 John Wiley & Sons‚ Inc. Kieso‚ Intermediate Accounting‚ 13/e Instructor’s Manual (For Instructor Use Only) 23-1 CHAPTER REVIEW 1. Corporate investors and potential investors seek information about the financial position‚ results of operations‚ and cash flow. The required presentation
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The history of accounting is as old as civilization and is among the most important professions in economic and cultural development. Much of what we know about the daily lives of ancient people comes from accounting records‚ such as inventories and sales records‚ found at archeological sites. People in all civilizations have maintained various types of records of business activities and the earliest known records kept are the clay tablet records for the payment of wages in the Mesopotamian Valley
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IFRS 8-1: “Basic accounting and reporting issues related to recognition and measurement of receivables‚ allowance accounts‚ recording discounts‚ the allowance method to account for bad debt and factoring are basically the same between IFRS and GAAP. However‚ the FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are taking steps by working to implement fair value measurement‚ the amount they currently could be sold for‚ for financial instruments. “The
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