chapter 1 INTRODUCTION TO FINANCIAL STATEMENTS ● the navigator ● ● ● ● ✓ Scan Study Objectives Read Feature Story Scan Preview Read Text and Answer Do it! p. 5 p. 11 p. 18 p. 20 Work Using the Decision Toolkit Review Summary of Study Objectives Work Comprehensive Do it! p. 23 Answer Self-Test Questions Complete Assignments Go to WileyPLUS for practice and tutorials Read A Look at IFRS p. 42 study objectives After studying this chapter‚ you should be able to: 1 Describe the primary
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Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
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How to Prepare an Effective Resume 1. Resume Essentials Before you write‚ take time to do a self-assessment on paper. Outline your skills and abilities as well as your work experience and extracurricular activities. This will make it easier to prepare a thorough resume. 2. The Content of Your Resume Name‚ address‚ telephone‚ e-mail address‚ web site address All your contact information should go at the top of your resume. Avoid nicknames. Use a permanent address. Use your parents’ address
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Joint Venture 103 CHAPTER 6 SOLUTIONS TO MULTIPLE CHOICES 6-1: a Assets per Jessica Company- balance sheet P3‚550‚000 Jessica’s proportionate interest in assets of JV (50%) 1‚000‚000 Total assets of Jessica P4550‚000 6-2: a Total liabilities only of Jenny Co. 6-3: b 6-4: b Investment of Heart P80‚000 Profit share: Sales 150‚800 Cost of sales (150‚800 ÷ 125%) 120‚640 Gross profit 30‚160 Expenses 10‚000
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Handbook‚ IFRS or in companies’ annual reports. The SEDAR web site is an excellent source of annual reports and the notes on accounting practices in these reports provide valuable background material on industry practices. In some instances‚ students will be expected to do some additional research to determine specific accounting practices not yet covered in the course or by accounting standards. There is no objection to students using the library and/or faculty members as resources particularly where knowledge
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Critically reflect on the importance of capital budgeting. Why is this heated subject in many boardrooms? How does capital budgeting promote the financial health of an organization? How will you use the financial techniques you have learned this week to promote the financial health of your organization? A capital budget is very important for a business. It is a heated subject because a decision about capital budgeting can help the business to determine if the proposed investments or project are
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Design a Flowchart for a Process OPS/571 Design a Flowchart for a Process The daily process that I would like to do more efficiently and spend less time doing is my morning routine. I have chosen this process because it would allow me to examine the process I use every day to get ready for my day and hopefully find ways to reduce the time it takes me to complete my daily routine. The end result would be a more organized daily routine‚ which would allow me to have a more structured process
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have definitely got to be one the most nerve-wracking events that a person has to go through. Due mostly because most applicants don’t prepare enough. Interviews are important and spending ten or more hours preparing is not unreasonable. You want to reach a stage of unconsciously competent. To fully prepare for a job interview‚ you must role play the interview‚ know how to effectively answer questions‚ and list your greatest strengths. First of all‚ role playing the interview is very important to ensure
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CHAPTER 2 Conceptual Framework for Financial Reporting ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. 2. 3. 4. 5. 6. Conceptual framework– general. Objectives of financial reporting. Qualitative characteristics of accounting. Elements of financial statements. Basic assumptions. Basic principles: a. Measurement. b. Revenue recognition. c. Expense recognition. d. Full disclosure. Accounting principles– comprehensive. Constraints. Assumptions‚ principles‚ and constraints. 28‚ 29‚ 30 10 11 Questions
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How to Prepare a PowerPoint Presentation INSTRUCTIONS 1 Launch PowerPoint on your computer. You will see a blank PowerPoint slide with text placeholders. 2 Click the "Designs" tab to browse the template themes. 3 Click the theme you would like to apply to your PowerPoint presentation. This will change the design for all slides you create. 4 Click inside the text placeholders and type your text. The first slide should include the presentation’s title and any important information.
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