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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Authors write to make a point‚ and to influence the reader to agree with their argument‚ whether right or wrong. In the writings of Ethan Watters‚ Malcolm Gladwell‚ and Michael Moss the three authors write in order to influence our sense of right or wrong on certain situations. In all three articles the morally wrong‚ no matter how harsh‚ can be seen by doing right in some way‚ all three articles prove how some evil is a necessity. While the antagonist in these articles may appear to be in the morally
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Rivera-Torres 1 Rafael A. Rivera-Torres ACCT 301.001 Mr. J. Eason March 6‚ 2014 Financial Reporting Research A. What were the cash and cash equivalents reported by Coca-Cola and PepsiCo at the end of 2011? What does each company classify as cash equivalents? 1. The only cash/cash equivalents Coca-Cola reported was their Operating Cash. The Company reported $9‚474(in millions) as Cash in their Selected Financial Data‚ Year Ended Dec. 31‚ 2011. 2. PepsiCo reported investments with original
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Today‚ earnings management methods‚ such as income smoothing‚ are becoming more and more ubiquitous ways of improving earnings quality and attractiveness to investors. Because investors pay such close attention to income levels and firm stability‚ such methods are coming under heavy scrutiny‚ and are receiving more attention in the way of research and studies. The scrutiny is an attempt to explain the effects‚ and whether or not‚ in the long-run‚ these methods of earnings management are‚ in fact
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INTERNATIONAL FINANCIAL REPORTING STANDARDS(IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books
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Balance Sheet and Income Statement Commentary Michael Turner BSA 500 – Business Systems I July 24‚ 2013 Simon Chen Balance Sheet and Income Statement Commentary Balance Sheets and Income Statements is an approach to review the overall financial status of the company. We will be reviewing four companies in different industries’ balance sheet and income statements. With a technique to combine the statements we will be able to evaluate the companies’ income‚ expense and stockholder’s equity in the
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FRAMEWORK FOR FINANCIAL REPORTING SCOPE OF THE FRAMEWORK The existing framework deals with the ■ Objectives of financial statements; ■ Qualitative characteristics of financial statements; ■ Elements of financial statements; ■ Underlying Assumptions; ■ Recognition of the elements of financial statements; ■ Measurement of the elements of financial statements; and ■ Concepts of capital and capital maintenance OBJECTIVES The objective of general purpose financial reporting. The objective is
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Harriet Tubman was an extraordinary heroine. There were numerous challenges in Harriet’s life through which she persevered. Harriet’s early life played a major role in shaping her into the person she became. Harriet was encouraged to make the long‚ tiring journey to freedom and succeeded. After achieving her own freedom‚ she decided to go back to slave states and lead other slaves to freedom. Within Harriet’s early life‚ she endured various terrible events. Several occasions occurred during Harriet’s
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Accounting for Income Tax The standard prescribes the accounting treatment for income taxes is AASB 112 AASB 112 is based on a balance sheet approach to account for income taxes and it covers: • the accounting treatment of current and deferred tax expenses; • recognition and measurement of current tax assets and liabilities; • recognition and measurement of deferred tax assets and liabilities; • the accounting treatment of the tax consequences of various transactions and events‚ including
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7181 West East Lane 18489 Detroit‚ Michigan date Dear Mrs. Jenkins‚ I was interested when reading ’The Extraordinary Education of Nicholas Benedict.’ It was different to read a story about an orphan in a orphanage. The exposition (characters‚ plot‚ conflict‚ beginning)‚ starts off with Nicholas being sent to Rothchild’s End‚ while being escorted by Mr. Collums. I think this story is man vs. man‚ man vs. self‚ and man vs. nature. Nicholas has to cope with
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