THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ACCOUNTING FINAL EXAMINATION‚ JUNE 2009 J ACCT 5930 FINANCIAL ACCOUNTING • Time Allowed: Reading Time: This examination paper has 3 Hours 10 minutes 16 pages Total Number of Questions: 6 Total Marks Available: Answer ALL questions The questions are NOT of equal value All answers are to be written in the examination booklet provided Candidates are to supply their own calculators All answers must be written in ink. Except where they are expressly required
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Financial Reporting Google is a publicly traded company which means that customer and stakeholders have access to the company’s financial information. The balance sheet and income statements are the two financial statements which gives a brief summary of a company’s overall financial condition. The balance sheet focuses and report figures of assets‚ liabilities and owner’s equity of the business. Assets are anything that a business has with a value such as furniture‚ liabilities are monies owe to
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[pic] Introduction to PepsiCo: Around the world‚ our people come to work each day ready to perform with purpose. Together‚ we create the fun‚ refreshing and nourishing experiences consumers enjoy. PepsiCo‚ Inc. is one of the world’s top consumer product companies with many of the world’s most important and valuable trademarks. PepsiCo was found in 1965 through the merger of Pepsi cola and Frito Lays. Tropicana was acquired in 1998 and PepsiCo merged with the Quaker oats company. The company
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IntroductionThe key question is whether PepsiCo should expand its restaurant business by pursuing the purchase of CARTS OF COLORADO‚ a $7 million manufacturer and merchandiser of mobile food carts and kiosks‚ and CALIFORNIA PIZZA KITCHEN‚ a $34 million restaurant chain in the casual dining segment. II. Analysis of the main problemPepsiCo has 3 main segments: soft drinks (35% of PepsiCo ’s sales and 39% of its operating profits in 1991)‚ snack foods (29% of PepsiCo ’s sales and 35% of its operating profits)
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IntroductionLinda Best‚ a Certified Financial Planner (CFP) from Sarnia‚ Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1‚ 2001. Sarnia‚ the largest city in South Ontario‚ bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia
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Lesson 1: The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters
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Chapter 5 LO1: Describe the objective of financial reporting and identify the qualitative characteristics‚ conventions‚ and ethical considerations of accounting information. The objective of financial reporting is: To provide financial information that is useful in making decisions in assessing; Cash flow prospects‚ Stewardship. * Cash flow prospects: the information needed to make judgments about the entity’s ability to generate cash flows. * Stewardship: the information about the company’s
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Financial Analysis of Macy’s Inc. and Nordstrom Macy’s Inc. has established itself as a strong player in the retail industry‚ with over 850 Macy’s and Bloomingdale’s stores in 45 states. Macy’s competes against retail giants like Nordstrom‚ Kohl’s‚ JC penny and Saks Fifth Avenue for market share in the increasingly competitive department store industry. This financial report will choose Nordstrom as the major competitor‚ and serves as the comparison company. The annual report and 10-K filings
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Primary users Financial accounting : the primary users of financial accounting are the external users‚ shareholders‚ investors ‚ creditors‚ lenders and government. Share holders are using financial information to know about their investment e.g how the investment is running‚ what is the organization profit and what is the value of the organization. Investors use financial information to know in which organization they should invest and to look how was the organsation performance in the past so
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ADMC Executive Master of Business Administration EMBA 600: Financial & Management Accounting Instructor Name: Dr. Alexandros Pananis Take-Home Exam Question 1 ) ACCESS SOLUTIONS INC Suppose you have been recently hired as a consultant to Access Solutions Inc (ASI) a consulting firm offering accounting and financial solutions for small and medium sized companies. ASI has asked you to prepare material for a seminar in accounting for nonaccountants to be delivered to selected members of the
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