(Name of the Corporation) Notes to Financial Statements For the year ended (Date) ------------------------------------------------- 1. CORPORATE INFORMATION (This portion will depend on the nature of the business) (Corporation’s Name) is a duly registered non stock corporation under registration number (Registration Number) and its principal office is located at (Address). The amended articles of incorporation were approved on (Date of Approval) and the expiration is on (Date of Expiration)
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presented to the Faculty of College of Business and Administration Montessori Professional College – Imus Branch Imus City‚ Cavite In Partial Fulfillment of the Requirements of the Degree Bachelor of Science in Business Administration major in Financial Management Adaya‚ Trysha A. Asilum‚ Rudylyn Cafuir‚ Shella Marie E. Nones‚ Abegail O. Sanone‚ Maria Sarah Vergara‚ Pamela O. AUGUST 2013 APPROVAL SHEET This feasibility study‚ “Chill & Lux’s Restobar‚” prepared and submitted by Adaya‚ Trysha
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The importance of financial statements in a business is great. There are several difference reasons for a business to need financial statements. Yet first‚ financial statements need to be explained in order to know how they are used. Financial statements usually present the picture of the financial health of a given entity. It is also critical that a business comes up with accurate financial statements‚ not only for their record keeping for for the purpose of satisfying external reporting expectations
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Financial Statements Paper There are for basic financial statements in accounting. Each one of these statements has their one nook within a company either negative or positive. The four are; the balance sheet‚ the income statement‚ the statement of retained earnings‚ and the statement of cash flows. I will discuss the how each is useful to both external and internal users. In the conclusion of this paper you will also understand the importance of each of these as well
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Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10‚ 2006 What does ethics have to do with accounting? Everything‚ since there have been some recent financial accounting scandals; a few examples being Xerox‚ WorldCom‚ Enron‚ which have generated much unwanted and unfavorable publicity for CPA’s‚ including those working as controllers or chief financial officers for organizations. When you hear the
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University of Phoenix. All rights reserved. Course Description This course introduces the student to the essential elements of finance for business. Emphasis is placed on financial management‚ financial markets‚ and the tools‚ techniques‚ and methodologies used in making financial decisions. Topics include: Financial planning‚ working capital management‚ capital budgeting‚ long-term financing‚ and international finance. Policies Faculty and students/learners will be held responsible for
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CheckPoint Ethics in the Accounting Profession Dawn Carrera ACC/260 March 15‚ 2013 Peggy January Checkpoint Ethics in the Accounting Profession 13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? This is a hard one to answer. Many accountants start off looking to make a living. The question is where do they want to go and what they see themselves doing. An accountant main goal is to a fiduciary that is to act in the
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Assets‚ liabilities and owner’s equity are the three components that make up a company’s balance sheet. The balance sheet‚ which shows a business’s financial condition at any point‚ is based on the equation of assets equals to liabilities plus owner’s equity. This equation is also the framework track of money as it flows in and out of a company. Starting with the first penny a company earn‚ will be recorded in a general ledger each and every transaction using double-entry system of debits and credits
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Contents 1.0 Introduction 1.1 Audit 1.2 nature of auditor independence 1.3 principle of auditor independence 2.0 The concept of auditor rotation 3.0 The history and current debates concerning auditor rotation 4.0 Different countries regimen should be considered 5.0 Conclusion 6.0 List of references 7.0 Appendices 1.0 INTRODUCTION 1.1 Audit Auditing is the analysis of the financial accounts or records‚ by a qualified accountant‚ and procedures
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words. The difference between proprietorship and corporation is that proprietorship is only owned by 1 person and corporation is owned by either 1 person or a group of people. It also differs from the liability because a proprietorship has unlimited liability and a corporation has limited liability. When a proprietorship is sued‚ their personal assets are at risk if they lose‚ but if a corporation gets sued‚ their personal assets are not at risk. As a CPA‚ I would recommend the corporation business
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