DeVry University ACCT540 Week 1Assigment Professor Dr. Uzell Freeman-Williams Silviya Georgieva November‚ 2014 (ASU) 2014-15‚ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern Under U.S GAAP going concern is a fundamental assumption and a basis of which financial statements are prepared. The update issued August 2014 entity should assess its ability to meet obligations and sets disclosure
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D. move their operations overseas. 2. Pay specifically designed to energize‚ direct‚ or control employees’ behavior is known as A. empowerment pay. B. exempt pay. C. indirect pay. D. incentive pay. 3. Three of the following are vesting rights. Which is not a vesting right? A. The right to a pension regardless of whether or not the employee remains with the employer until retirement B. In most cases‚ a waiting period of no more than five years or a three- to seven-year period‚ with 20 percent in
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Learning Objectives At the end of this chapter‚ students will be able to: 1. Explain the concept of the corporation 2. Outline the development of company law in England and Australia 3. List the various types of corporation 4. Describe the Corporations Law scheme. 5. Outline the recent reform of company law in Australia 6. Explain the need for the introduction of the Corporations Act 2001 Chapter 1 Historical Development of Company Law Chapter Summary 1 THE CONCEPT
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Japan & U.S. Adam smith had explained the workings of the free market within the capitalist economies and the individual freedom and choice emphasized. The second theory is Socialism and it’s a theory of social organization that advocates the vesting of the ownership and contra of the means of production and distribution‚ of capital‚ land etc. in the community as a whole and it’s common in Europe‚ Latin America‚ and Africa so that the government helps them to get what they want and the economist
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Financial Markets - Thesis Proposal ˇ y Kryˇtof Cern´‚ Jelena Markovi´‚ Yerzhan Sadakbayev s c IES FSV UK November 29‚ 2012 Introduction Literature Review Chief Executive Officers (CEOs) have a crucial role‚ in terms of corporate governance‚ for firm’s successful development. Their personal attributes can make either value-destroying investments or‚ vice versa‚ can enhance firm’s value. Goel and Thakor (2008) developed a model which demonstrates the influence of CEO’s investment decisions
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Dick’s Sporting Goods IFRS Conversion Introduction Dick’s Sporting Goods is a sporting goods retailer headquartered in Pittsburgh‚ Pennsylvania. Dick’s has 451 stores nationwide and 81 Golf Galaxy stores. Dick’s Sporting Goods was founded by Richard Stack in the early 1960s. This paper is focused on the notes of the consolidated financial statements which are changed from U.S. GAAP to the IFRS standards. Financial Statement Presentation First‚ on the 2011 Annual Report of Dick’s Sporting
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2011 Semester 2 Intermediate Financial Reporting Final Exam Solution. Accounting standards (5 MARKS) 1. Explain what gives Australian accounting standards authority and how is it enforced? The Corporations Act gives the standards the force of law. ASIC administer the Corps Act. and hence enforce the standards. Failure to comply with the standards can include legal proceedings‚ goal‚ financial penalties and prevention from acting as a manager or director of a company in the future. In addition
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basis of considerations of a short term nature or to the extent of trading in those securities. Similar restrictions apply to Executives of the Group‚ which is in addition to the prohibition of any trading (including hedging) in positions prior to vesting of shares or options. Directors and Executives who report to the CEO are also prohibited from: Any hedging of publicly disclosed shareholding positions; and Entering into or maintaining arrangements for margin borrowing‚ short selling or stock
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consultants and directors also affects the entrepreneur’s stake. Board composition‚ a good board has a balance between representatives of the executives‚ the investors‚ and external‚ nonaligned third parties. Make sure the board is balanced. Founder vesting is sometimes required if they own stock. The investor may require the shares of stock be vested over a period of years. Berkery‚ D. (2008). Raising venture capital for the serious entrepreneur (1st ed.). New York‚ NY: McGraw-Hill. Venture Capital
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EPS and Compensation Only applies to common shares The Issue EPS is a measure of income earned for each share of common stock EPS = NI – preferred dividends (declared and THIS YEARS cumulative but not declared) Weighted average number of shares EPS with a stock dividend = NI – preferred dividends Shares outstanding * split ratio (or 1 + stock dividend %) Example This year we earned $100‚000 and have 50‚000 shares
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