IFRS 8-1: “Basic accounting and reporting issues related to recognition and measurement of receivables‚ allowance accounts‚ recording discounts‚ the allowance method to account for bad debt and factoring are basically the same between IFRS and GAAP. However‚ the FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are taking steps by working to implement fair value measurement‚ the amount they currently could be sold for‚ for financial instruments. “The
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develop a theme in a short time frame. Their authors must do this with limited settings and characters. The short story Killer‚ written by Paula Goslings‚ contains many themes with the main one being deception. One of the ways the author expresses this is through the narrative convention of style or mood. In this piece the convention of plot is also utilised by the author to develop this idea. Characterisation is another narrative convention successfully utilised to explore this theme. By themselves
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How did the Constitutional Convention of 1787 and the period immediately following it deal with the issue of the debate between those who supported a strong central government and those who wanted more power given to the states? The Philadelphia Convention was an assembly of the brightest minds of American politics in 1787. Emerging from it was the Constitution of the United States‚ which gave the national government more power‚ but kept them restrained through a system of checks and balances
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Use a US publicly-traded company’s proxy statement and 10-K to answer the following questions:1. Who is the company’s current CEO? Is he or she also the Chair of the Board? The current CEO of Boston Beer is Martin F. Roper. He is the not the Chair of the Board. That position is held by C. James Koch. 2. Who serves on the board’s Audit Committee? How many members are Financial Experts? What experience qualifies them for that designation? Jay Margolis‚ Jean-Michel Valette‚ Pearson C. Cummin
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Accounting Regulation With the recent accounting discrepancies that have taken place in some of America’s largest and well known corporations greater importance is being placed on the creation and monitoring of financial reports. Some of these organizations which regulate how financial reports and compiled are private‚ given a charter by a federal agency‚ others were born from the creation of new laws and regulations‚ some are state agencies‚ and many more are private organizations made up of academics
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of “JSC Shubarkol komir” and “JSC Sat&Company” Prepared by: 20101675 Kim Jonghon 20091481 Nurtas Kadyrbayev Instructor: M Mujibul Haque‚ Ph.D. Executive Summary This paper provides an analysis and evaluation of the current and prospective profitability‚ liquidity and financial stability of JSC “ShubarkolKomir” and JSC “Sat&Company”. Methods of analysis include trend and vertical
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R7-1 Research Gaap 3/5/2012 Intermediate Accounting I am writing this memo in regards to your question of how to record the transaction of transferring the company’s receivables to the financial institution. The company is doing this to get $100‚000 because of the shortage in cash. The accounts receivables are being used as collateral with a charge of 12% fee on this amount and Hamilton’s is required to repurchase the receivables back from the financial institution. In transfers of an
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1.0 Introduction Standard Soap Corp. (SSC) is a $ 30-35 million company producing 5‚000 different varieties of bar soap. SSC has four broad production processes– transformation of raw materials‚ drying of bulk soap‚ production of soap batches and packaging. However‚ there are underlying complexities involving up to 5000 different paths during these production processes. This poses a potential challenge for the management to efficiently handle the underlying information base. In addition
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What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words‚ namely accounting and ethics. Fortes‚ (2011) believes that ‘accounting is the collection‚ measurement‚ analysis and reporting of events in financial terms.’ While Karthik‚ (2010) believes that ‘ethics in its broader sense‚ deals with human conduct in relation to what is morally good and bad‚ right and wrong. It is the application of values to decision-making. These values include
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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