ACCOUNTING AND AUDITING UPDATE This heading style is set in Univers bold 27.5pt on 30pt Revised Schedule VI February 2012 This paragraph style is set at 12pt with 16pt leading and 8pt space after. Also in this issue: • Secondary headline number one Description written here • Secondary headline number one Description written here • Secondary headline number one Description written here 1 | Accounting and Auditing Update - February 2012 © 2012 KPMG‚ an Indian Registered Partnership and
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#The Six-Step Problem-Solving Process Problem-solving is a part of our everyday lives. We encounter problems at work‚ at home‚ and even at school. In order to solve problems efficiently and effectively‚ we need to have a problem-solving strategy. In this class‚ you will learn a six-step problem-solving process: 1. Research and define the problem 2. Determine the causes 3. Generate possible solutions 4. Decide on the best solution 5. Implement the solution 6. Evaluate the solution Step
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the above Correct Answer: all of the above Question 2 0.5 out of 0.5 points Performance protocols are: Answer Selected Answer: both a and b Correct Answer: both a and b Question 3 0.5 out of 0.5 points A skill that teaches performers to hold their attention on a predetermined task‚ and if their attention wanders‚ to gently bring their attention back is known as: Answer Selected Answer: focus training Correct Answer:
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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differences between the local interests and the feudal traditions that led to many disputes and revolution. At the same time‚ there were a lot of conflicting and confusing law codes which they cannot fully utilized to solve problems. To overcome this problem‚ Napoleon revised the Roman code and came up with the Napoleon Code. It codified several branches of law that included the commercial and criminal law. On top of that‚ it divided civil law into multiple categories of property and family. This
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Capital Budgeting: Net Present Value vs Internal Rate of Return (Relevant to AAT Examination Paper 4 – Business Economics and Financial Mathematics) Y O Lam Capital budgeting assists decision makers in a company evaluate multiple investments of the company’s capital. Capital budgeting is used to plan for the acquisitions of other companies‚ for the development of new product lines of business‚ for the expansion of the existing production plants or for the replacement worn-out equipment‚ and
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CHAPTER 9 PROFIT PLANNING AND BUDGETING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center‚ management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costs‚ revenues‚ and assets. A profit center is not responsible
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Objectives This study shows how McDonald’s continually aims to build its brand by listening to its customers. It also identifies the various stages in the marketing process. Company Profile McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants‚ serving more than 58 million customers daily. A McDonald’s restaurant is operated by either a franchisee‚ an affiliate‚ or the corporation itself. The corporation’s revenues come from the rent‚ royalties and fees paid
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FIN3101 Corporate Finance Practice Questions Topic: Capital Budgeting 1. Marsh Motors has to choose one of two new machines. Machine 1 costs $180‚000‚ has a 3 year life and EBIT of $108‚750 per year. Machine 2 costs $360‚000‚ has a life of 6 years and EBIT of $122‚875 per year. Assume straight line depreciation over the life of the machine. Marsh is a levered firm with a debt equity ratio of 0.40. The beta of equity is 1.125 while the beta of debt is 0.25. The market risk premium is 8 percent
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Capital Budgeting Capital Budgeting is done because companies need to make Acceptance/rejection decisions for buying fixed assets etc. Features of fixed assets : Investments upfront and returns take a long time. Risk is long term Expenses are indivisible and lumpy Ex. If HUL wants to put up a synthetic detergent plant of 50 cr. Rs. -> by spending 25 Cr. Rs.‚ the plant wont be operational at half the capacityS The Capex decisions are irreversible Projected P&L : Less Sales Raw Materials
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