CHAPTER 1 Financial Reporting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics Questions Cases 1. Global markets. 1 2. Environment of accounting. 2‚ 3‚ 4 4‚ 5‚ 7 3. Objective of financial reporting. 5‚ 6‚ 7‚ 8‚ 9‚ 10 2 4. Standard-setting organizations. 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 18 1‚ 3‚ 6 5. Financial reporting challenges. 19‚ 20‚ 21‚ 22‚ 23‚ 24‚ 25 8‚ 9‚ 10 6. Ethical issues. 25 11‚ 12 Copyright
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Last Two Decade’s Record of Portland Max Art Project’s Achievements Have you notised that there are many public arts in Portland? At least I can see five public arts from my dorm‚ St Epler‚ to a class room in Neuberger Hall everyday. You must have seen an engel in a small PSU fountain or a few broken stoned tires along SW 6th Ave. They are silent and you might easily miss them‚ but actually there are large number of public arts in Portland. A Portland public art map of Regional Arts& Culture
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depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash basis implementation with its advantages and disadvantages also discuss in this paper. An alternative method to improve fair and just between bank and customer is proposed. 1. Introduction The growth of Islamic financial market and institution create the need for different accounting requirement. This
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Treatment of Consolidated Environmental Accounting The business activities of companies and other organizations in the modern socio-economic system have expanded in scale‚ diversified‚ and become globalized to a degree not experienced previously. A great number of companies have been established corresponding to each purpose‚ and group management is practiced. In a group management system‚ the independent decision-making ability of group companies is limited. At the same time‚ the primary objective
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within maintaining the integrity of the profession; * Having in place a robust disciplinary system for those who fail to comply with this standards BY-Laws; * To enhance the status of members. Question 2: Briefly explain the following users of accounting information: Question 2(a): Shareholders (2marks) Answer 2(a): Any person‚ company‚ or other institution that owns at least one share in a company
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For over 70 years‚ US taxpayers have been able to value the cost of their inventories using the last-in‚ frst-out inventory method of accounting (LIFO). In general‚ to use LIFO for federal income tax purposes‚ taxpayers must also use LIFO for fnancial reporting purposes (herein referred to as the LIFO conformity requirement). The use of LIFO for fnancial reporting purposes is not permitted under International Financial Reporting Standards as promulgated by the International Accounting Standards Board
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manufacturing overhead cost to jobs using a predetermined overhead rate basedon the cost of materials used in production. At the beginning of the year‚ the following estimates were made as a basis for computing the predetermined overhead rate: manufacturing overhead cost‚$186‚000; direct materials cost‚$155‚000. The following transactions took place during the year (all purchases and services were acquired on account): a. b. c. d. Raw materials purchased‚$96‚000. Raw materials requisitioned for use in production
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Accounting Principles‚ Concepts and Conventions Accounting principles are guidelines & standards‚ which have been accepted by the accounting profession in preparation and presentation of accounts of the business. It is approved and normally accepted by the government bodies &controlling authorities. Accounting principles are uniform in order to understand in the same sense by those using it. Also they are not rigid (i.e. inflexible) like principle of gravity but they are flexible.
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WHY HAS TERRORISM BECOME SUCH AN IMPORTANT ISSUE OVER THE LAST 40 YEARS? There are many reasons why terrorism has become such an important issue over the last 40 years. In this paper I will be exploring the answers to this question through three related topics; 1) the threat from terrorism; 2) why people join terrorist groups and; 3) dealing with terrorism. I will be using the sources provided and historical facts related to three groups; the IRA‚ the PLO and Al-Qaeda. Section 1 – The threat from
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Family Supper "A Family Supper‚" by Kazuo Ishiguro‚ is a story of uncertainty‚ nervousness‚ emotions‚ and loss of love in the family. The narrator‚ Ishiguro‚ is a Protagonist‚ was born in the Tokyo‚ Japan. He is returning home from California some two years after the death of his mother. After the WWII‚ Watanabe’s despondency of the loss of the company leads him to take his life and his family members. The Protagonist’s mother‚ who is believed by her husband to have lost hope in her life‚ commits a
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