introduction to finical accounting. For me‚ this is the first time I had chance to learn this subject‚ before that I just heard some information about IFA by reading the FT newspaper and watching the news. When I start learning that‚ this subject gives me the impression that it is difficult to understand. During the past few months‚ I can say I already mastered some of the skills in IFA. I can still remember the first lecture I had learned was the definition of the “Accounting Equation”‚ I can conclude
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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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analysis of increases and decreases in individual items in comparative financial statements is called a. vertical analysis b. solvency analysis c. profitability analysis d. horizontal analysis 2. Which of the following below generally is the most useful in analyzing companies of different sizes a. comparative statements b. common-sized financial statements c. price-level accounting d. audit report 3. The percent of fixed assets to total
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new skills to developing technologies or train a staff to use a new piece of software. It is also the method of being aware of the new skills that will be required in the future or the ones that are already required by current staff and how or what methods could be used to train the staff to acquire these methods. This is also way of measuring the gap space between the skills
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Managerial accounting places less emphasis on non monetary data than financial accounting? (FALSE) 9.) Direct material cost combines with manufacturing overhead cost is known as conversion cost? (FALSE) direct labor 10.) The cost of shipping parts from a supplier is not considered a product cost? (FALSE) it is a product cost 11.) The fixed cost per unit is constant and does not depend on how many units are produced? (FALSE) it does depend (it is not constant) 12.) Managerial accounting is primarily
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Chapter 1 Financial Statements and Business Decisions EXERCISES E1–2 Req. 1 READ MORE STORE Balance Sheet As at December 31‚ 2008 |ASSETS | |LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | |Liabilities | | |Cash |$ 48‚900
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Freedom and limitations Freedom is the condition of being free and the power to act or speak or think without restraint. What does freedom mean to me? I can’t help but be thankful every morning that I wake up; I am a free woman. I pray for the men and women that go to the line every day to give us that freedom. Freedom comes in many different forms such as social‚ economic‚ physical and political. There are limitations to every type of freedom because you have the ability to abuse these
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Limitations: Regression analysis is a commonly used tool for companies to make predictions based on certain variables. Even though it is very common there are still limitations that arise when producing the regression‚ which can skew the results. The Number of Variables: The first limitation that we noticed in our regression model is the number of variables that we used. The more companies that you have to compare the greater the chance your model will be significant. We have found that
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[pic] Balance of accounts of PRESTON PLASTIC MANUFACTURING COMPANY at December 31‚ 2011 are as follows: | | |(in £’000) | |Cash[1] | 30‚600 | | |Investment
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though God is omnipotence and God has the power to do anything‚ but some philosopher argued that God has many limitations. For instance‚ S.T Thomas Aquinas argues that God’s power must be limited and may not exist at all. He mentions about the squares circle. If square circles cannot exist‚ then the fact that God cannot make one implies any defect in God’s power. Moreover‚ God has other limitations too. God cannot do things that require embodiment and God cannot do something that implies a moral fault
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