Technology affects us all. Technology can catapult a business into success or destroy it. The technological environment of a business is the external factors in technology that impact business operations. Changes in technology affect how a firm will do business. Although technology trends seem to come and go quickly‚ some have a lasting impact on business. These are ones that change the way businesses operate and provide huge improvement for those that adopt them. Such technologies help firms become
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10 | 1. | ch01001 | | Financial accounting information is: | | | Student Response | Value | Correct Answer | Feedback | A. | Designed to assist investors and creditors. | 100% | | | B. | Not used by managers and in income tax returns. | | | | C. | Called "special-purpose" accounting information. | | | | D. | Not applicable to individuals. | | | | | Score: | 2/2 | | | 2. | ch01003 | | Generally accepted accounting principles: | | | Student Response
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submit as is Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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over which the financial planning process focuses is known as the: a. planning horizon. b. planning strategy. c. planning agenda. d. short-run. e. current financing period. AGGREGATION b 2. The process by which smaller investment proposals of each of a firm’s operational units are added up and treated as one big project is known as: a. separation. b. aggregation. c. conglomeration. d. appropriation. e. striation. PRO FORMA STATEMENTS d 3. Pro forma financial statements are:
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Place as a way of thinking about business organisations and their environments What are food miles? - http://web.archive.org/web/20080307061635/http://www.bbc.co.uk/food/food_matters/foodmiles.shtml Thanks in part to concerns about climate change‚ more people are stopping to consider the impact that everyday goods - including food - have on the environment. Food miles‚ the distance food travels from field to plate‚ is a way of indicating the environmental impact of the food we eat. Half the vegetables
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Key Factors that Led to GAAP being Different around the World I. INTRODUCTION Accounting is a general business language in the world. This “language” is expressed by Financial Statements‚ which have many different users such as creditors‚ shareholders‚ customers‚ employees‚ suppliers and so on. Though accounting is a general language‚ some limitations exist. As we know‚ Financial Statements should follow some specific GAAP‚ which established and regulated the accounting system. However‚ different
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the examination of PTP’s financial statements by February 5‚ with year-end fieldwork to begin January 14‚ 2012 * Issue our management letter comments by February 10‚ 2012 Preliminary Analytical Review Briefly describe the results of your analytical procedures. Print this memo as an outline‚ then compose your answers as attachments in your wordprocessor. Describe any unusual or unexpected relationships that suggest risk of material misstatement? Percent of change in sales for 2011 are up
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suppliers generally look for the level of liquidity in the company ranks‚ shareholders look for dividend paying policies of the organization and its future growth plans and investors search for the debt in company’s balance sheet and its ability to pay the debt. We can reach a consensus statement that all the participants of the company have different motives and they look for their own particular type of information to fulfill their respective desires (Jackson‚ 2008). Stakeholders Types Generally a company
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IFRS to GAAP Paper Michelle Mijares‚ Shunda Ellis‚ Theresa Mckenzie‚ Noe Salas ACC/290 May 4‚ 2015 Kevin Waters IFRS are international financial reporting standards that are accounting standards that are accepted in more than 110 countries around the world while. GAAP are generally accepted accounting principles which are standards that are practiced in the United States. GAAP is considered more of a rule based accounting practice while IFRS are based much on the accounting principles. IFRS
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Lead is harming our environment through pollution in our soil‚water and even air supply. It can get into our water supply through our underground water piping systems. Lead is a natural radioactive element found in the Earth’s Crust. Lead is harming a plant’s NPP can really change vegetation health‚ which could really affect the organisms consuming these plants. The Anacharis Elodea Densa Egeria is a plant that goes through photosynthesis‚ but lead affects this plants NPP. Lead is a type of metal
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