Qualitative Characteristics of Useful Financial Information The purpose of financial reporting is to provide decision makers with useful information. When accounting choices are to be made by individuals‚ those choices should be based upon the usefulness of that information to the decision making process. The Framework identifies six qualitative characteristics of financial statements as follows:- • relevance; • faithful representation; • comparability; • verifiability; • timeliness; and
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the ASPCA (which means‚ American Society for the Prevention of Cruelty to Animals. On this paper‚ I will show the budget that I found for this year which June 30‚ 2013. This report came from the Animal Humane Society and it is an annual report. This report came from the Anima Humane Society and it is an annual report: Support and Revenue Adoptions fee and program revenue $4‚256‚783 Contributions $5‚592‚502 Wills and Estates
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SASB Will Provide New Information to Investors Nancy J. Drevo Wayne State College SASB Will Provide New Information to Investors SASB‚ otherwise known as the Sustainability Accounting Standards Board‚ is a relatively new thing in the world of accounting. While accounting measures all kinds of financial information‚ SASB is getting ready to revolutionize the fields of accounting and finance by coming up with new ways to measure the sustainability of companies‚ through measurements of non-financial
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TELUS Corporation （The company） 1. Based on your review of the most recent annual financial statements and notes only‚ briefly assess the company’s performance for this potential investor. (Analyze based on data from Financial reports P71‚ 73‚ 74) By using the consolidated income statements‚ balance sheet and cash flow statement‚ we can assess the company’s financial position. On the income statement‚ the company’s operation revenue increased by 4.5% ($393.4 million) from year 2006 while
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[pic] C55847 – Digby Annual Report By Yan Lang‚ Ching-Hsiang Lin‚ Shu Ou-Yang‚ Nuo Xu Shareholder Letter To Our Shareholder‚ Customers‚ and Employees: The past eight years have marked an extraordinary level of progress for Digby Electric Sensors and its shareholders. In the past eight years‚ the company was able to turn its stocks from $34.25 per share into $45.77‚ plus issuing a total
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UNIVERSITY OF THE PHILIPPINES COLLEGE OF BUSINESS ADMINISTRATION SAN MIGUEL CORPORATION Founded as a single-product brewery in 1890‚ San Miguel Corporation today is the Philippines’ leading publicly held food‚ beverage and packaging company. Its flagship product‚ San Miguel Beer‚ caters to over 80% of the domestic market. It is a formidable contender in the local food and agribusiness industry‚ and likewise runs domestic and international packaging and brewery operations. It accounts for
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What are the fundamental and enhancing qualitative characteristics of useful financial information? Objective of financial reporting and the capital markets The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors‚ lenders and other creditors in making decision about providing resources to the entity. Qualitative characteristics of useful information The Framework 2010 identifies
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COMM 217‚ Winter 2011 Annual Report Group Project The purpose of this group project is to familiarize students with the contents of annual reports‚ especially the financial section of the report. The project consists of a series or questions that pertain to various topics that are covered in the course. The class will be divided into a number of groups. Each group will consist of five members. You should start forming your group as soon as possible (see last page of this
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Corporate Annual Reports Financial Accounting 1A – Online By: Chak Lam Andy WONG Dr. Seyedin References: http://www.ibm.com/annualreport/2004/annual/guide_whatis.shtml http://thecaq.aicpa.org/Resources/PCAOB/ http://www.aicpa.org/audcommctr/guidance_resources/auditors_and_audit_committee/understanding_process/36.htm http://www.sec.gov/about/whatwedo.shtml http://fl1.findlaw.com/news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf What is an annual report? A formal report on a company’s
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Annual Report Project 1. a) The letter to the shareholders emphasizes the growth of McDonald’s Corporation and their deepening connection with customers on a global scale. In the letter it is stated that Europe now generates about 40% of overall revenue‚ and that Asia/Pacific‚ Middle East‚ and Africa have doubled their income contribution in the past six years. The letter also states that the core drivers of McDonald’s Corporation’s business are “People‚ Products‚ Place‚ Price‚ and Promotion
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