ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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Target Financial Health ACC/230 August 21‚ 2014 Jean Petrie Target Financial Health This wonderful company hasn’t always been known as Target or “Tar-zhay” as some may call it. It first started off as Dayton Dry Goods Company in February of 1902 (Target‚ 2014). Within the next nine years founder George D. Dayton expands and begins to take on a new range of products and services. Dayton was a man of a generous nature and in his giving created The Dayton Foundation‚ whose purpose was to
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are more likely to provide useful information to the noncontrolling shareholders. Q3-4 A parent company has the ability to exercise control over one or more other entities. Under existing standards‚ a company is considered to be a parent company when it has direct or indirect control over a majority of the common stock of another company. The FASB has proposed adoption of a broader definition of control that would not be based exclusively on stock ownership. Q3-5
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from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming with GAAP. Disclaimer of opinion * It is issued when the auditor is unable to be satisfied that the overall financial statements are
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Topic Gateway Series Activity Based Costing Activity Based Costing Topic Gateway Series No. 1 1 Prepared by Stephanie Edwards and Technical Information Service Revised November 2008 Topic Gateway Series Activity Based Costing About Topic Gateways Topic Gateways are intended as a refresher or introduction to topics of interest to CIMA members. They include a basic definition‚ a brief overview and a fuller explanation of practical application. Finally they signpost some further
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LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of safety and operating leverage Analyze the difference between contribution margin and gross margin These learning objectives (LO1 through LO6) are cross-referenced in the textbook to individual
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Overview of Target Corporation versus Wal-Mart Inc. Overview This paper will give a summary of Target corporation versus Wal-Mart stores‚ Incorporated. In the following weeks it will compare the financial performances of these two companies‚ by evaluating circumstances such as the times interest earned‚ return on equity‚ return on assets and other factors. This paper will present an overview of the exchanges on which both company’s stock is traded. It will also present characteristics of that
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The marketing environment consists of the actors and forces outside marketing that effect marketing management’s ability to develop and maintain successful transactions with its target customers. "(Kotler 2009) Marketplace becomes more competitive after being rapidly changed by economics‚ technology and globalization." Without building customer relationship‚ only driven by product and technology is no longer enough for company. "(Kotler 2009) Thus‚ marketing mix has to be adapted for an organization
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INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books
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Application and Analysis Evaluation Planning effective marketing strategies for a target audience An adidas case study Since it was established in Germany in 1949‚ by Adolf Dassler‚ adidas has been synonymous with the sporting industry. Today‚ adidas is a global public company and is one of the largest sports brands in the world. It is a household brand name with its three stripes logo recognised in markets across the world. Adidas used innovative marketing strategies in its sponsorship deal with the London
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