and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible‚ the financial statement
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CHAPTER I INTRODUCTION 1.1 GENERAL INTRODUCTION There exists an inseparable relationship between finance on one hand and production‚ marketing and other functions on the other. Almost all kinds of business activities directly or indirectly involve the acquisition and use of funds. The finance function of raising and using money has a significant effect on other functions. A company in a tight financial position will give more weight to financial consideration and devise its marketing
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Executive Summary GAAP‚ generally accepted accounting principles‚ are the rules for preparing the financial statements. There are specialized professionals FASB‚ SEC‚ AAA‚ FEI‚ IMA‚ AIMR and others for developing GAAP. There are 13 principles for preparing Financial Statement. Business Entity Principle requires business to be separated from owner of the business. Going Concern principles requires the business to assume that the business will for long time. Revenue Recognition Principle considers
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Chapter 1 – Developing Self-Awareness Week 3 – January 29‚ 2013 Self-Awareness * Self-awareness lies at the heart of the ability to master oneself‚ but it is not sufficient * We can not improve ourselves or develop new capabilities unless and until we know what level of capability we currently possess * Seeking knowledge of the self seems to be an enigma * it is a prerequisite for and motivator for growth and improvement‚ but it may also inhibit growth and improvement. It may
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4 Analyzing and Interpreting Financial Statements DISCUSSION QUESTIONS Q4-1. Return on investment measures profitability in relation to the amount of investment that has been made in the business. A company can always increase dollar profit by increasing the amount of investment (assuming it is a profitable investment). So‚ dollar profits are not necessarily a meaningful way to look at financial performance. Using return on investment in our analysis‚ whether as investors or business
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Chapter I The problem and its background 1.1 Introduction A peer group is both a social group and a primary group of people. It may be defined as a group of people who share similarities such as age‚ background‚ and social status. The members of this group are likely to influence the person’s beliefs and behavior. Also‚ a peer group can have a serious effect in an academic status of a person. School is where many children meet peers‚ form friendships‚ and take part in groups. For friendless
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Introduction The recent financial crisis saw CDS spreads soaring across the Euro area as the full picture behind the public finances of many European countries became apparent. As a result many countries‚ such as Portugal and Ireland lined up for a bailout from the rest of the Eurozone as they found it harder and prohibitively expensive to borrow from the international markets. We take into consideration the development of CDS spreads of one such country‚ Greece‚ and of a Greek financial institution‚ the
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CHAPTER I Reasons Why Students Shift Their Degree Courses Background of the Study Decision making‚ according to www.businessdictionary.com‚ is the “thought process of selecting a logical choice from the available options”. When trying to make a good decision‚ a person must weight the positives and negatives of each option‚ and consider all the alternatives. Whether one likes it or not‚ it will always become part of their daily lives. The researcher decided to conduct a research to know why
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Quick Overview of Google’s Financial Performance In looking at some of Google’s asset management ratios we can see some more positive news. Over the past three years Google’s total asset turnover has been decreasing. From .96 in ’04‚ .60 in’05‚ to its current rate of .57. Compare this to the industry average of .55 we can see that this indicates that Google is using its fixed assets at least as intensively as other firms in the industry. Therefore‚ they seem to have about the right amount of total
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Chapter – 1 1.0 Introduction: The Company was incorporated on 6 June 1973 as a Private co. limited by shares registered under the Companies act. Subsequently the co converted to Public co. limited by shares vide extra Ordinary General Meeting held on 21 June 2005 and is listed both in Dhaka and Chittagong Stock Exchanges of Bangladesh. 1.1 Origin of The Study: This report has been prepared as a part of the internship program which is an integral part of the BBA program under the Dept.
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