Accounting Theory – Seminar 2 Presentation Briefly describe the accounting profession/What is the role of accountants? Accountants analyse costs of operations‚ products‚ and special projects. Compute taxes owed‚ prepare tax returns. Organize and maintain financial records. Suggest ways to reduce costs‚ enhance revenues and improve profits‚ Improve businesses efficiency. Critically discuss the role of the CFO Andy Fastow in the ENRON scandal Fastow created hundreds/ of "special-purpose entities"–off
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The Reporting Entity and the Consolidation of Less-than-Wholly-Owned Subsidiaries with No Differential P3-33 (Page 144-145) Consolidated Worksheet and Balance Sheet on the Acquisition Date (Equity Method) Peanut Company acquired 90 percent of Snoopy Company’s outstanding common stock for $270‚000 on January 1‚ 20X8‚ when the book value of Snoopy’s net assets was equal to $300‚000. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of January 1
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Urban Consolidation in Liverpool CBD (Part 1) Stage 1: Liverpool is suburb located 32 km south-west of the Sydney central business district in the state of New South Wales‚ Australia. It is the administrative centre of the local government area of the City of Liverpool. Liverpool Local Government Area (LAC) covers an area of 305 square kilometers in which is incredibly diverse and enriched with many heritage listings‚ one monument was the TAFE College which was built as the first
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School Consolidation Debate 1731 In recent years‚ municipal governments across America have found themselves searching for ways to trim costs by consolidating services with other municipal governments in the counties they’re in. They have consolidated law enforcement agencies‚ sanitation‚ health departments‚ municipal courts‚ etc. But in many of those counties‚ school systems have been left out of the discussion. In 2010‚ the Memphis City School (MSC) system made a failed attempt to merge with
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Mock IEP By: Ed Bell‚ Jason Freitas‚ Doel Lugo‚ Stephanie Pearson‚ and Erica Priscella University of Phoenix SPE 514: Survey of Special Populations Sharina Prince December 15‚ 2012 Mock IEP Team Meeting In this mock IEP meeting‚ we examine John Grohman from Kelsey Elementary School. John is a 2nd grade student who has Asperger’s Syndrome. He is a student who has extreme behavioral problems. John’s parents are extremely concerned about his behavior at home and at school. In this mock IEP
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Adolf Hitler’s Rise and Consolidation of Power Adolf Hitler arose from a young‚ inspired artist and decorated soldier to a malevolent Führer. Adolf Hitler’s beliefs stemmed from the German defeat in World War I. During his youth‚ Hitler’s anger capitalized after Germany had lost the war and believed that he could propose a stronger government that would bring power and esteem back toward Germany. Hitler had written a novel called‚ “Mein Kampf” outlining his ideas on a new Germany. As the evil‚ totalitarian
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Theory Accounting Case 8.1 Simon Romario (023121023) Purwanto Gozali (02312132) Endah Puspitasari (023121065) 1. The article states that the US standard setter FASB requires companies to record a provision in relation to environmental cost of retiring assets (to reserve environmental liabilities) if its fair value could be reasonably estimated. How do you think companies would go about estimating such a provision? Estimation (or estimating) is the process of finding an estimate
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Assess the importance of War Communism to the Bolshevik consolidation of power. War Communism (WC) was of substantial importance to the Bolshevik consolidation of power. WC played a major role in the Bolshevik victory in the Civil War and thus allowed them to maintain power and control in Russia. However‚ from the Bolsheviks initial seizure of power in 1917 through to 1924‚ a number of other factors were of importance in enabling the Bolsheviks to consolidate this power. These factors included the
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X 120C Intermediate Accounting Theory & Practice Winter 2013 Quiz 2 Chapter 20 Chapter 21 True-False Conceptual – 40 questions Multiple Choice Conceptual – 40 questions STUDENT NAME:__RUPALI KAYPEE_______________________________ TRUE-FALSE—Conceptual Chapter 20 1. A pension plan is contributory when the employer makes payments to a funding agency. F 2. Qualified pension plans permit deductibility
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International Accounting Standards Contents A. Introduction & Objective.……………………………………………………………….3 B. Why Harmonization of international accounting standards required……………..4 C. Factors influencing any Country’s Accounting Standards…………………………..6 D. Role of International Accounting Standard Board (IASB)……………….…………..8 E. Moving towards Harmonized International Accounting Standard………………….9 F. Obstacles and Benefits of the harmonization of International Accounting………..10
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