FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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1. The final exam will be held from 9:30 to 11:30 am on Wednesday‚ October 19 in EX 200 (255 McCaul). 2. It is a closed book and closed note exam. No aid sheet is allowed. You will need a calculator‚ but no other electronic devices will be allowed during the exam. 3. The exam covers materials in classes 1 through 11 inclusive (i.e.‚ topics 1 through 8)‚ with more emphasis on topics 3 through 8. It will have both problem-solving and essay-type questions. It is not going to be an easy exam
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Chartered Accountancy CPT Course Lecture 12 – Consignment Accounting 1 Points to be kept in mind Consignor remains the owner of goods even after sending to consignee. Consignor does not send any Invoice rather a Performa invoice. The Amount of Sales belongs to Consignor. All the exp. are to be borne by Consignor. If borne by consignee‚ recoverable from consignor. Consignee entitled to Commission. Consignee entitled to de-credere commission if he is responsible for bad debts. Consignee
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ACCOUNTING AND THE BUSINESS ENVIRONMENT Chapter 1A Class Preparation Assignment (Rev 1-08) Checklist: __x____ I have obtained a copy of the textbook from the LLC & then purchased the Course Outline for BUACT- 206 (Bookstore) for use everyday in class. __x____ I read Chapter 1 in text‚ and found it to be a fulfilling experience. __x_ __ I reviewed the outline for Chapter 1 __x____ I know the Accounting Equation __x____ I understand how to analyze a transaction. __x____ I know
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There are many basic accounting concepts that are either directly or indirectly referenced in the Bible such as financial accounting‚ internal control‚ and management accounting‚ as discussed in the article “Accounting in the Bible” by Robert L. Hagerman. According to our textbook Fundamental Accounting Principles‚ accounting is an information and measurement system that identifies‚ records‚ and communicates relevant‚ reliable‚ and comparable information about an organization’s business activities
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Nederland B.V.: Introduction of Products from the Garnier Institute of L’Oreal [WITH INSTRUCTOR COMMENTS IN CAPS] 1 Executive Summary & Table of Contents L ’Oreal presently offers the following products in the Netherlands: Plenitude and Recital under the L ’Oreal brand name‚ and Ambre Solaire under the Garnier Institute brand name. L ’Oreal Nederland has been considering whether to introduce the Synergie skin care line and Belle Couleur hair colorants line into the Netherlands. Synergie and
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examples of accounting scandal. There’re some reason that cause those ethical issues arise which is due to the greedy mindset of accountant‚ tempted by money and take chance to fraud‚ Pressured by company’s executive and so on. When all these ethical problems arise‚ mean that accountants has lost their mind and make mistake or error in judgment that will produce harmful outcome to the public‚ company or investors. As all these ethical issues arise more and more frequently in the accounting field‚ there’re
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.............................................. XX I List of figures List of figures FIGURE 1: HISTORY OF L´ORÉAL STEP-BY-STEP .................................... 3 FIGURE 2: L´ORÉAL AROUND THE WORLD
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Question no: 01:- Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting
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The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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