realized there were people who were less fortunate than I was. Consequently‚ I often thought about different ways I could help homeless people. As I grew older‚ my desire to help people never diminished‚ it only grew stronger. This intrinsic will to aid others‚ cultivated my character‚ and empowered me to define purpose in my life. During my two years at Richard Daley College‚ I have continually found ways to be proactive in helping my community and school. Therefore‚ I decided to join the non-profit
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(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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and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible‚ the financial statement
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MA932 Financial Statements Analysis Coursework 1 1. The circumstances in which the revaluation model may be used: (In accordance with IAS 38) There is active market‚ since the fair value of an intangible asset must be determined by reference to an active market in that type of asset. Sufficient regularity to ensure that the carrying amount of an intangible asset does not differ materially from fair value A. The 25000 revaluation decrease on 31 December 2011 should be recognized as an expense
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I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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2012/2013 (A121) CHAPTER 2-FINANCIAL STATEMENT AND CASH FLOWS Section A Please circle TRUE or FALSE to the following statements. 1) An income statement reports a firm’s cumulative revenues and expenses from the inception of the firm through the income statement date. Answer: FALSE 2) A firm’s income statement reports the results from operating the business for a period of time‚ while the firm’s balance sheet provides a snapshot of the firm’s financial position at a specific point
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Mahatma Gandhi once said that “It is health that is real wealth and not pieces of gold and silver.” Over the years I have to come to agree with this statement to a considerable extent and thus‚ the choice to become a nutritionist to assist people gain good health. I currently study chemistry at the University X in Lebanon a course as this was selected for me to do upon joining the university based on my grade. In my second year‚ I had a change of heart and I wanted to become a nutritionist as I feel
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Analysis of Financial Statements Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft’s financial statements can help us decide certain things about the company. There are three different types of statements that will be discussed in this section. These include: the balance sheet‚ the income statement‚ and the statement of cash flows. They are discussed here in either the sense of quarterly or yearly statements and will be noted
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PERSONAL STATEMENT As Accounting is the language of any Business‚ means by which all kind of financial information is communicated to the users of accounts. Before making any decision we have to analyse every aspect of accounts and that is make interesting about accounts and finance. Having spent four years is my Degree course for finance and Banking I have chosen to study ACCA because I intend to further my studies towards developing a career in Accountancy. I am hoping LCA (a branch campus of
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Appendix 2A Financial Statement Analysis Using a Return on Equity (ROE) Framework 1 Appendix 2A Financial Statement Analysis Using a Return on Equity (ROE) Framework Between 1992 and 2003 the commercial banking industry experienced a period of record profits. This was quite a change from the late 1980s and early 1990s‚ when banks were failing in record numbers. Despite record profits‚ many FIs have areas of weakness and inefficiency that need to be addressed. One way of identifying
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