ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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4011 APRIL 7‚ 2009 CRAIG CHAPMAN Biovail Corporation: Revenue Recognition and FOB Sales Accounting Background Late on October 9‚ 2003‚ David Maris‚ an analyst at Banc of America Securities (BAS)‚ was trying to interpret the shocking events of the previous few days and finish the write-up of his first report on the Canadian pharmaceutical firm‚ Biovail Corporation. Maris didn’t like what he saw at the company‚ but he never liked writing “Sell” recommendations. In any event‚ he wanted to make
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Project Report On LICENSE PLATE RECOGNITION SYSTEM PROJECT GROUP MEMBERS A. NISHANTH J. VISHWESH NACHIKET VASANT VAIDYA NAVEEN SUKUMAR TAPPETA R. ANAND UNDER THE GUIDANCE OF PROF. S. R. SATHE DEPARTMENT OF COMPUTER SCIENCE VISVESVARAYA NATIONAL INSTITUTE OF TECHNOLOGY NAGPUR 2008-2009 DEPARTMENT OF COMPUTER SCIENCE VISVESVARAYA NATIONAL INSTITUTE OF TECHNOLOGY NAGPUR 2008-09 CERTIFICATE This Is To Certify That A. Nishanth J. Vishwesh Nachiket Vasant
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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average contribution margin per unit is calculated only when performing CVP analysis for multiple products. There are two ways to calculate it: (1) Calculate the total contribution of all products by subtracting total variable costs from total revenues. Then calculate the weighted average contribution margin per unit by dividing the total contribution margin by the total number of units (the sum of units for all products). (2) Calculate the sales mix for each product by dividing the number of
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MASTER ’S THESIS Face Recognition in Mobile Devices Mattias Junered Luleå University of Technology MSc Programmes in Engineering M edia Technology D epartment of Computer Science and Electrical Engineering Division of Signal Processing 2010:040 CIV - ISSN: 1402-1617 - ISRN: LTU-EX--10/040--SE Face Recognition in Mobile Devices Mattias Junered Luleå University of Technology March 2‚ 2010 Abstract Recent technological advancements have made face recognition a very viable identification
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Materiality and aggregation concept Concept on Prudence Matching Principle Dual Aspect Relevance Concept Introduction Financial accounting has a number of conservative laws which have been considered over the years and all the possible identifiable rules are: Business Entity Concept‚ Money Measurement Concept‚ Going concern Concept‚ Accrual basis of accounting concept‚ Consistency Concept‚ Materiality and aggregation concept‚ Prudence‚ Matching Principle and Dual Aspect 1. The Business Entity
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15.515: Financial Accounting Fall 2012 Problem Set 2 Question 1. Understanding Walmart’s financial statements In this homework we will ask you a series of questions related to revenue recognition based on Wal-Mart 2012’s Annual Report (posted on Stellar ~/Materials/Financial statements used / discussed in class). The goal is to become familiar with real financial statements. 1. How much net sales did Walmart generate for the fiscal period ending on January 31‚ 2012? $443‚854M
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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