P2) For this task I will start of by explaining the difference between capital income and revenue income and the difference between capital expenditure and revenue expenditure. I will then have a short table which will state what would go inside both capitals and revenues. Firstly I am going to talk about what capital income is. Capital income is usually the money which is used to invest by the owner of the business from there start-up cost. An example of capital income would be sales of shares
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting as a profession or discipline‚ has always been seen as an information-generating one‚ which fittingly makes the job of the Accountant to be that of observing economic activities‚ recording the observations in the prescribed books‚ analysing the recordings‚ interpreting his analysis and preparing reports to all users of Accounting Information. The prepared reports are generally referred to as financial statements‚ which clearly outline or identify
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ACCA APPROVED CONTENT PROVIDER ACCA Passcards Paper P2 Corporate Reporting (International and United Kingdom) Passcards for exams up to June 2015 ACP2(INT)PC14.indd 1 29/05/2014 17:30 (000)ACP2PC14 Int_FP_Ricoh.qxp 5/16/2014 2:06 AM Page i Professional Paper P2 Corporate Reporting (International and UK ) (000)ACP2PC14 Int_FP_Ricoh.qxp 5/16/2014 First edition 2007‚ Ninth edition June 2014 ISBN 9781 4727 1130 4 e ISBN 9781 4727 1186 1 British Library Cataloguing-in-Publication Data A
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Unit 6 – P2 In sport there can be certain reasons as to why people are unable to in sport‚ cultural‚ social‚ historical‚ economic or educational. These barriers are referred to as barriers to participation. Culture barriers are linked to different nationalities‚ beliefs and religions. There may be rules and views on who should participate in sport. Some religions do not allow women to participate in sport altogether‚ others allow participation if they wear clothes that cover the whole body. In
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Abstract Since July 2007‚ leading economist believe that this has been the worst financial crisis since the great depression. This essay outlines various viewpoints and influences in respect to the paradigm. Firstly it defines‚ Global Financial Crisis (GFC) and the impact it has had on International Accounting Standards in regards to implementation and use of their accounting regulations. It also examines The Fair Value Measurement in accordance to the effect it has on the GFC and how the interpretation
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regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation‚ this essay is going to examine the reasons that financial accounting and reporting should be regulated and the merits of accounting regulations. Firstly‚ financial reports are normally
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Abstract The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments and presents several challenges‚ which may necessitate a variety of procedural and technical data processing changes. Regulatory consolidation under the influence of international accounting standards The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments. On the one hand‚ publicly
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Unit 1 – P2 – Business Stakeholders Stakeholder Explanation (definition in own words) What the stakeholder wants from Tesco What the stakeholder wants from Oxfam Customers Customers are the people who come to a business for goods/services they want. This is not always for payment. The customer can be another business or an individual. Customers expect the basics from the business which are Value for money‚ product quality etc. Customers would want e.g. Tesco. To have reasonable prices for
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Ethics in Accounting and Financial Decision Making Financial Decision-making is one of the most important things in the business world. In today’s diverse world‚ ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations put emphasis on ethics and the financial decision making process within the organizations. It is expected that all organizations will behave in an ethical manner in the current economy. In today’s business
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ACCA P2 (International) Course Overview GROUP ACCOUNTING – BASIC GROUPS Statement of financial position – standard workings Group structure Retained earnings Net assets Noncontrollin g interests Goodwill Statement of comprehensive income – standard workings Group structure Retained earnings b/fwd Net assets at aq’n Noncontrolling interests Goodwill Consol’n schedule Accounting for associates Group structure Share of retained earnings at each SOFP date
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