EXECUTIVE SUMMARY General Motors is primarily engaged in automotive production and marketing and financing and insurance operations. GM designs‚ manufactures‚ and markets vehicles worldwide‚ have its largest operating presence in North America. The core competence of General Motors is innovation. This is the driving force behind its $190 above turnover. General Motors has been utilizing innovation in service ad technology to secure itself a dominant position in the automobile industry‚ since 1908
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Matric no: ______________ Group: _________ Attendance list no: _____________ Tutorial 1: Chapter 1‚ 2‚ 3 DUE DATE: 3 OCTOBER 2013 1. Accounting is a process involving the following activities‚ EXCEPT: A. recording of economic activities B. communicating to stakeholders C. identifying relevant economic activities D. guaranteeing profitability of business operation 2. A senior accountant working at the Account Department of Universiti Utara Malaysia is also known as: A. a public
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career-driven alternatives to a four year college degree (Armario‚ 2011). In examining this article I will answer the following questions: 1. Is the title of the news article a positive or normative economics? 2. Does this article apply to macroeconomics or microeconomics‚ and why? 3. Which of the five key economic principles apply to this article? 4. Identify at least two economic concepts to this article. The basis of this article was finding an alternative to the traditional four year college and providing
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What are the advantages and disadvantages of principles-based accounting? Perhaps the primary benefit of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as operating leases to avoid incurring additional
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MEANING OF ACCOUNTING: Accounting is the process of recording‚ classifying‚ summarizing‚ analyzing and interpreting the financial transactions of the business for the benefit of management and those parties who are interested in business such as shareholders‚ creditors‚ bankers‚ customers‚ employees and government. Thus‚ it is concerned with financial reporting and decision making aspects of the business. The American Institute of Certified Public Accountants Committee on Terminology proposed in
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balance sheet. The balance sheet‚ which shows a business’s financial condition at any point‚ is based on the equation of assets equals to liabilities plus owner’s equity. This equation is also the framework track of money as it flows in and out of a company. Starting with the first penny a company earn‚ will be recorded in a general ledger each and every transaction using double-entry system of debits and credits. Assets get recorded on the top or the left side of the balance sheet while liabilities
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The Trillion Dollar Question November 9‚ 1989. As the Berlin Wall fell and the Iron Curtain was lifted from Europe‚ the ever looming threat of nuclear annihilation was too lifted from the world. It appeared to be the dawning of a new era of global cooperation and prosperity. However this thin veil of peace was short lasting. A new century brought new threats: Chinese aggression in the South China Sea‚ Iran’s pursuit of nuclear weapons‚ the Russian annexation of Crimea. However the new century also
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Technical Study of Power Energy Saving Device CESSWORLD Corporation CONTENTS 1. The Principle of Solar Energy 2. The Principle of Power Energy Saving by CESS 3. The Inside Circuit Diagram and Function of CESS 4. The Power Out-put formula by CESS 5. The Difference of Energy Saving Rate at a site by CESS 1. The Principle of Solar Energy 1) Light and the wavelength The world is filled with light. Because there are full of light in the world‚ you may well wonder at the beautiful colors of
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1-1 Chapter 1 An Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making
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Text and Cases Thirteenth Edition Robert N. Anthony Ross G. Walker Professor Emeritus Graduate School of Business Administration Harvard University David F. Hawkins Lovett-Learned Professor of Business Administration Graduate School of Business Administration Harvard University Kenneth A. Merchant Deloitte & Touche LLP Chair of Accountancy Leventhal School of Accounting University of Southern California McGraw-Hill Irwin Contents PARTI FINANCIAL ACCOUNTING 1 Chapter 1 The
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