methods because under the non-GAAP accounting method apple gave the revenue numbers without the use of subscription accounting‚ which recognized the revenue at the point of sale. Moreover the non-GAAP numbers did not adjust the estimated costs associated with its plan to provide new features and software upgrades to iPhone buyers free of charge and these figures were not prepared under a comprehensive set of rules or principles. Whereas in subscription accounting the cash received was reported at
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Of Financial and Managerial Accounting Managers According to Horngren‚ Sundem and Stratton in “Introduction to Management Accounting”‚ “Good management is a result of good information‚” (p.3). Collecting and compiling information about a company are the primary responsibilities of both financial and managerial accounting managers. Management accounting produces information for the managers in a company to help fulfill organizational objectives. “Financial accounting produces reports for
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CHAPTER 2 The Recording Process ASSIGNMENT CLASSIFICATION TABLE Study Objectives 1. Explain what an account is and how it helps in the recording process. Define debits and credits and explain their use in recording business transactions. Identify the basic steps in the recording process. Explain what a journal is and how it helps in the recording process. Explain what a ledger is and how it helps in the recording process. Explain what posting is and how it helps in the recording process. Prepare
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True/False Questions 1. The standard deviation of any normal random variable is always equal to one. Answer: False Type: Concept Difficulty: Easy 2. For any normal random variable‚ the probability that the random variable will equal one is always zero. Answer: True Type: Concept Difficulty: Medium 3. The graph of a standard normal random variable is always symmetric. Answer: True Type: Concept Difficulty: Easy 4. The formula will convert any normal
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Managing a Better Program - Introduction Hilton Hotels sees its frequent guest programs “HHonors” as an incredibly important marketing tool. It serves to direct promotional and customer service efforts for a population of its most important clients‚ the frequent business traveler. Hilton is running the “HHonors” loyalty program to create and retain loyal customers in the same way as its major competitors. Organizations in the lodging industry all compete for the same subset of customers by introducing
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CHAPTER 2 SOLUTIONS TO SUPPLEMENTARY PROBLEMS FROM SCOTT TEXTBOOK 6th edition 11. Several reasons can be suggested why oil company managers have reservations about RRA: • The discount rate of 10% might not reflect the firm’s cost of capital. • Low reliability. RRA involves making a large number of assumptions and estimates. While SFAS 69 deals with low reliability in part by requiring end-of-period oil and gas prices to be used (rather than prices anticipated when the reserves are expected
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CHAPTER 1 THE CHANGING ROLE OF MANAGERIAL ACCOUNTING IN A DYNAMIC BUSINESS ENVIRONMENT Learning Objectives 1. Define managerial accounting and describe its role in the management process. 2. Explain four fundamental management processes that help organizations attain their goals. 3. List and describe five objectives of managerial accounting activity. 4. Explain the major differences between managerial and financial accounting. 5. Explain where managerial accountants are located in
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CHAPTER-2: OVERVIEW OF THE BANKS 2.1 Standard Chartered Bank 10 2.2 HSBC 12 2.3 The CITY Bank 14 2.4 Dutch Bangla Bank Ltd 16 2.6 Dhaka Bank Limited 17 2.7 Uttara Bank Limited 19 2.7 BRAC Bank Limited 20 2.8 United Commercial Bank Ltd 22 CHAPTER-3: OVERVIEW OF THE RESPONSIBILITY ACCOUNTING 3.1 meaning and concept responsibility Accounting 24 3.2 PREREQUISITES OF RESPONSIBILITY ACCOUNTING 25 3.3 ASSUMPTIONS
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CHAPTER 12 Statement of Cash Flows Study Objectives 1. Indicate the usefulness of the statement of cash flows. 2. Distinguish among operating‚ investing‚ and financing activities. 3. Explain the impact of the product life cycle on a company’s cash flows. 4. Prepare a statement of cash flows using the indirect method. 5. Use the statement of cash flows to evaluate a company. *6. Prepare a statement of cash flows using the direct method. Summary of Questions by Study Objectives
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MANUAL ON THE NEW GOVERNMENT ACCOUNTING SYSTEM For National Government Agencies ACCOUNTING POLICIES Volume I Chapter 1. Introduction Objectives of the Manual. The New Government Accounting System (NGAS) Manual presents the basic policies and procedures; the new coding system; the accounting systems‚ books‚ registries‚ records‚ forms‚ reports‚ and financial statements; and illustrative accounting entries to be adopted by all national government agencies effective January
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