regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation‚ this essay is going to examine the reasons that financial accounting and reporting should be regulated and the merits of accounting regulations. Firstly‚ financial reports are normally
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PROBLEM SET # 1 Instructions: 1) Open book‚ open notes limited to only class materials. 2) Unlimited time. 3) This must be reflective of your individual effort. GMU Honor Code applies. 4) The Problem Set #1 (only the question solutions portion) is due at the end of the day on September 24th. 5) Show all work‚ as partial credit will be given for each question’s answer. Organize your work so it is easy to follow. You can use word‚ power point‚ excel or combinations
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How is XBRL implementing financial reporting technology in India? Extensible Business Reporting Language is one of a family of “XML” languages that is a standard means of communicating information between business and via the Internet. XBRL can be used to express a wide range of reports and disclosures including financial statements‚ internal management information‚ credit filings and statistical reports. XBRL international is a non-profit consortium whose members include approximately 300 leading
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The Comparative Analysis of Financial Reporting Between China and the UK Introduction As commonly acknowledged‚ accounting‚ as a social science‚ a language of economy‚ is affected by the environment in which it stays; In the meantime‚ it also brings impact on this environment (Černe 2009). There are numerous factors that affect the accounting system of a country‚ such as culture‚ politics and economy and other non-accounting factors (Nobes & Parker 2010). China is one of the most populous
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Mercy Corps Introduction At the fourth biennial Mercy Corps leadership conference in November 2006 executive leadership described the well-known‚ internal complications at Mercy Corps as a large organization ($194 million budget in 2006) that “has to focus on two core areas: international relief and development” (Grossman & King‚ 2008). The status of the organization was examined in detail by the Harvard Business School case study and a number of problems were revealed. This analysis is based
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Assessment is how we show evidence that learning has occurred. Using two of the three main types of assessment‚ formative and summative‚ we can recognise using certain marking tools how our students have improved‚ where they are lacking and what to do to improve in weaker areas‚ and ultimately to demonstrate learning has taken place through either written‚ practical or both types of examinations. As an assessor‚ there will be certain responsibilities that we have to abide by. Before commencing any
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APPLE’S FINANCIAL ANALYSIS FOR THE YEAR ENDED September 27‚ 2008 Income Statement: a) Apple Inc uses multi-step income statement format. It organizes its operating section by using functional expense classification. b)There are no unusual items presented in Apple’s income statement. Also the company did not discontinue any of its operations‚ neither had any changes in accounting principles. The net income for 2008‚ 2007‚ and 200 is $4‚834‚ $3‚496‚ and $1‚989 respectively. The net income
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Problem Set 1 Macroeconomics‚ ECON 2123 (Instructor: Partha Sen; TA: Peter Tsui) ------------------------------------------------------------------------------------------------------------------------------------ Posted: Friday‚ 19 September 2014 Due: 5:00 PM Friday‚ 26 September 2014 (Submit your homework into the homework collection box outside the department office) 100 marks total Part I: True/False/Uncertain (20 marks‚ 4 marks each) 1. GDP is the value of all goods and services produced
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Reporting Practices and Ethics Paper HCS/405 November 23‚ 2011 Reporting Practices and Ethics Paper This paper discusses the elements of financial management that is important to the healthcare organizations‚ generally accepted accounting principles‚ and a summary of the articles related to healthcare financial management. Elements of Financial Management There are four different elements used in financial management. These elements include: planning‚ controlling‚ organizing and directing
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rights in a company. They can actively engage in corporate governance. Furthermore‚ because institutional investors have the freedom to buy and sell shares‚ they can play a large part in which companies stay solvent‚ and which go under. Influencing the conduct of listed companies‚ and providing them with capital are all part of the job of investment management. Activist Institutional investors A shareholder or group of shareholders in a publicly-traded company that tries to make changes in management
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