Introduction The tax in all ages of the main themes that ran researchers because of their Close contact conditions peoples‚ and that in terms of political‚ economic and social‚ Taxes are link material that binds the individual government‚ one of the most important tools used by governments in drawing its financial‚ economic and social terms used tax revenue first in the financing of programs of public expenditure that has become increasing in moment . Taxes working to raise the economic
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the American Accounting Association; the AICPA; the Financial Executives Institute; the National Association of Accountants (The Naa’s name was later changed to Institute of Management Accountants in 1991)‚ and the Financial Analysts Federation (Schroeder etal‚ 2011). The FASB’s mission is to create and improve financial accounting standards for the assistance and education of the public. The IASB was established in 2001‚ after succeeding the International Accounting Standards Committee (IASC)
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lawsuit? To report requirements for contingencies and explain the financial statements consequences if the client loses the lawsuit. When dealing with a lawsuit‚ a company must know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005)‚ a contingency is a possible future event that could perhaps have possible implications on the firm. The four most common contingency methods: Pending lawsuits Income tax disputes Notes receivable discounted Accommodation endorsements
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Accounting Standard Board Tracy L Duran ACC/541 February 23‚ 2015 Leslie Crews Accounting Standard Board Introduction Accounting was created thousand years ago. Many companies use accounting system to record‚ maintain and report‚ and analyze business financial transactions. Because managers and investors make their business decisions base on the Financial Statement‚ the information that obtained from the Financial Statement must be concise and reliability. Budgets and performance reports provide
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11‚ 737-744. Love‚ Vincent J. (2010). When Rules May Weaken Principles. The CPA Journal‚ 80‚ 63-68. Melancon‚ Barry C. (2002). A New Accounting Culture. Journal of Accountancy. Retrieved from http://www.aicpa.org/pubs/jofa/oct2002/melancon.htm Schroeder‚ R Van Staveren‚ Irene. (2007). Beyond Utilitarianism and Deontology: Ethics in Economics. Review of Political Economy‚ 19‚ 21-35. Wustemann‚ Jens‚ & Wustemann‚ Sonja. (2010). Why Consistency of Accounting Standards Matters: A Contribution to the
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audit process? Here’s one audit shop’s winning strategy.. Retrieved April 10‚ 2009‚ from http://www.coso.org/audit_shop.htm Hunton‚ J. E. (2004). Information technology risks and controls. Retrieved from University of Phoenix Schroeder‚ R. G.‚ Clark‚ M. W.‚ & Cathey‚ J. M. (2005). Financial accounting theory and analysis‚ 8e. Retrieved from University of Phoenix eBook Collection Database
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Http://Moneycentral.Msn.Com/Investor/Invsub/Results/Statemnt.Aspx?Lststatement=Balance&Symbol=Us%3aorcl&Stmtview=Qtr Oracle Corporation Financials Report Retrieved November 16‚ 2014 http://financials.morningstar.com/ratios/r.html?t=ORCL Schroeder‚ R. G.‚ Clark‚ M. W.‚ & Cathey‚ J. M. (2014). Financial Accounting Theory And Analysis Text and Cases‚ Eleventh Edition.Hoboken: Wiley & Sons‚ Inc. Yahoo Finance. (2014). Google Inc. Key Statistics. Retrieved November 16‚ 2014 from Http://Finance.Yahoo.Com/Q/Ks
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ABSTRACT While working on a consulting engagement‚ a supervisor in the team has given an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last‚ but the deal has the potential for significant growth. The supervisor has asked a research to be conducted on leases and lease structure
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References: Schroeder‚ R. G.‚ Clark‚ M. W.‚ & Cathey‚ J.M. (2011). Financial Accounting Theory and Analysis 10 ed. Hoboken‚ NJ: John Wiley & Sons‚ Inc. Accounting for Inventories retrieved from http://www.wiley.com/college/sc/kiesofund/samp/chapter8.pdf SFAC No. 2 as issued retrieved
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Auditor’s responsibility is to express an opinion on the financial statements based on the audit‚ and the auditors are required to conduct their auditing process in accordance with auditing standards. During all auditing stages‚ it is important to pay extra attention to obtained information and evidence in relation to the disclosures and footnotes made in the notes to the financial statements. If there are any changes in the loan agreement‚ dividend policy‚ manufacturing plant building and a line
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