February 2013 A Fair Punishment On the morning of April 21st‚ 2009‚ my biology teacher gave me‚ and the rest of the class‚ some terrible news. She told us that my high school classmate and friend‚ Major Washington‚ had been killed in a car accident the previous night. I later learned that Major‚ and his mother Sylvia Porter‚ had been hit by a drunk driver on their way to return a movie. The man behind the wheel was driving with a suspended license‚ and his blood-alcohol level was at .18‚ which
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Attributabe to Equity Holders of the Parent Common stock Subscriptions receivable Additional paid in capital Excess of acquisition cost over carrying value of non- controlling interest acquired Employee stock purchase plan Unrealized fair value gains on available – for-sale‚ or AFS‚ financial assets Unrealized fair value gains on AFS financial assets of discontinued operations Share in cumulative translation adjustments of a subsidiary and associates
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ACCOUNTING THEORIES 1. What is the difference between a positive theory of accounting and a normative theory of accounting? 2. What do we mean when we say that ‘theories are abstractions of reality’? Do you agree that theories of accounting are necessarily abstractions of reality? 3. Identify and explain 5 different criteria we might use to establish a theory as being suitable for use in our research. 4. Is the study of financial accounting theory a waste of time for accounting
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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How to Do High School Science Fair Projects The following ten steps describe how to do a science fair project. 1. Science Fair Project Judging science fair projects are judged on seven criteria which will guide you as you develop your project. These criteria are creativity‚ skills‚ clarity‚ thoroughness‚ neatness‚ integrity and results. 2. Science Project Types Determine which of the five types of science fair projects that you want to do: original research‚ demonstration‚ investigation
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Week One Discussion Questions • What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion‚ which financial statement is the most important? Explain why. The four basic financial statements are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during a period of time both revenues
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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BOOK FAIR- 2012 WHEN E-BOOKS MEET THE MANGO PEOPLE… It was a fine sunny morning when I with my bunch of my classmates went to the 18th annual Delhi book fair on 6th September 2012 at Pragati Maidan. It was a nine-day affair featuring discussions on proliferation of e-books and interaction with authors‚ apart from availability of vast number of books on divergent genres. We were supposed to report for a radio show as per our curriculum and were told to reach Pragati Maidan at 10 in morning. Getting
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Accounting Principles Questions for IT Students (Second Semester – 2007/2008) For each of the following questions‚ indicate the single best answer: 1. A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the a. stand alone concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income
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Chapter 4 Discussion Questions |4-1. |What are the basic benefits and purposes of developing pro forma statements and a cash budget? | | | | | |The pro-forma financial statements and cash budget enable the firm to determine its future level of asset needs and the| | |associated financing
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