Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
Premium Balance sheet Internal control Auditor's report
The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
Premium Generally Accepted Accounting Principles
ABFA 1013 INTRODUCTION TO ACCOUNTING DIPLOMA IN BUSINESS (ACCOUNTING) YEAR 1 – SEMESTER 1 (2014/2015) COURSEWORK 1 YONG KIT YEE 14WBD00875 KONG LIT PEI 14WBD01265 NAH SEE PENG 14WBD01318 TEE BEE SWAN 14WBD06042 DAY : TIME : DATE OF SUBMISSION : Table of Content Plagiarism Statement Declaration Form………………………………………………… Safe Assign Report……………………………………………………………………… Marking Scheme………………………………………………………………………… 1. Summary……………………………………………………………………………
Premium Types of business entity Balance sheet Corporation
PRODUCT LIFE CYCLE: Group Members: Mustaqeem Arif M.Faizan Ahmed Teacher: Nadir Ali Kolachi TABLE OF CONTENTS 1. Introduction of Product Life Cycle 2. Stages of Product Life Cycle • • • • • Product Development Introduction Stage Growth Stage Maturity Stage Decline Stage 3. Changing the Marketing Mix • • • Premium and Gifts Coupon Entertaining Advertising 4. Analysis of Product Life Cycle Model 5. Strategies of Product Life Cycle 6. Product Life Cycle Phases 7. Some Other Examples
Premium Product life cycle management Marketing Product management
P5 – Profit & Loss and Balance Sheet Profit and Loss Sheet: | |£ |£ | |Sales: | |80‚000 | | | | | |Less Cost of Sales: | | | |Opening stock |32‚000 | | |Purchases |6‚000 | | |Less Closing stock
Premium Generally Accepted Accounting Principles Balance sheet Inventory
1.0 INTRODUCTION 1.1 Background This section will present detailed explaination of non resident‚spend and money and description of how do non resident of student UITM Arau spend their money. 1.2.1 Definition of non-resident‚ spend and money. “Non resident student” is any student who is not residing within the school district with intent to make his residence within the school district a permanent residence. Student who only move into the school district on a temporary basis for
Premium Student Education University
Volume 3‚ No. 3‚ March 2012 Journal of Global Research in Computer Science TECHNICAL NOTE Available Online at www.jgrcs.info FAST AND EFFICIENT METHODS FOR PROFIT & LOSS RELATED PROBLEMS (FEM-PLRP) Gaurav Dobriyal* Dept. Of Computer Science‚ Dev Bhoomi Institute of Technology‚ Dehradun (U.K.)‚ INDIA dobriyal.gaurav74@gmail.com* Abstract: This is one of the important or frequent asking lessons in all written examination. In this paper I try to give some of the effective tricks to solve
Premium Marketing Mathematics Sales
PRODUCT LIFE CYCLES: Intro Phase- the product is being fine-tuned for market‚ negative cash flow due to research‚ product development‚ process modification‚ and supplier development; Growth Phase- product design is stabilizing‚ requires effective forecasting of capacity requirements; Maturity Phase- high sales revenue‚ competitors are established‚ improved cost control‚ reduction in options of product line necessary for profitability and market share; Decline Phase- Sales and profits decreasing‚
Premium Product management Product life cycle management Variable cost
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
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
*Functions of Accounting Work ( Recording / Classifying / Summarizing *Accounting- “art of recording‚ classifying & summarizing in a significant matter and in terms of money; transactions and events w/c are in part at least of a financial character and interpreting the results thereof.” ( How? (AICPA – American Institute of CPA) *Science- existing body of knowledge that governs accounting practice (Accounting Theory) *Art- creative skill & ability *4 Functions of Accounting 1. Recording-
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable