Term 1 Central Queensland University Faculty of Arts‚ Business‚ Informatics‚ and Education Postgraduate Standard I have read and understood the penalties involved if I do not abide by the rules outlined on the back of this examination paper. Student Signature: Student ID Number Course: Subject Area: Catalog Number: Paper Number: Component: Theory of Accounting ACCT 29083 1 ALL Components Duration: Perusal Time: Lecturer: Moderator: 180 minutes 15 minutes Sheikh Rahman
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Chapter 5 LO1: Describe the objective of financial reporting and identify the qualitative characteristics‚ conventions‚ and ethical considerations of accounting information. The objective of financial reporting is: To provide financial information that is useful in making decisions in assessing; Cash flow prospects‚ Stewardship. * Cash flow prospects: the information needed to make judgments about the entity’s ability to generate cash flows. * Stewardship: the information about the company’s
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There are different views about the way in which psychological and physical development continue throughout our life span. In addition to individual differences‚ development psychologists agree that development occurs in an orderly way and in different areas at the same time. However it is clear that this can happen continually or discontinually. Theories of development can influence current practice into childcare as they show us how to understand a child’s developmental processes. It can help
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Accounting Theory – Seminar 2 Presentation Briefly describe the accounting profession/What is the role of accountants? Accountants analyse costs of operations‚ products‚ and special projects. Compute taxes owed‚ prepare tax returns. Organize and maintain financial records. Suggest ways to reduce costs‚ enhance revenues and improve profits‚ Improve businesses efficiency. Critically discuss the role of the CFO Andy Fastow in the ENRON scandal Fastow created hundreds/ of "special-purpose entities"–off
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But he never valued it the way Ismael did. Well‚ it was about time he did. Ismael didn’t like what Michael liked‚ so Michael had to do what Ismael could never possibly do himself‚ be selfless‚ considered‚ and reciprocate interest. Michael loved Ismael like he loved the number zero. Because zero has a value of nothing‚ how can anything have a value of nothing and still be of value? Ismael was like that‚ full of value‚ and full of nothingness. Ismael = zero. As he
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This paper is an overview of four important areas of management theory: Frederick Taylor ’s Scientific Management‚ Elton Mayo ’s Hawthorne Works experiments and the human relations movement‚ Max Weber ’s idealized bureaucracy‚ and Henri Fayol ’s views on administration. It will provide a general description of each of these management theories together with observations on the environment in which these theories were applied and the successes that they achieved. Frederick Taylor - Scientific Management
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1. In the accounting cycle‚ the last step is Student Response Feedback A. preparing the financial statements B. journalizing and posting the adjusting entries C. preparing a post-closing trial balance D. journalizing and posting the closing entries Score: 1/1 2. During the end-of-period processing which of the following best describes the logical order of this process Student Response Feedback A. Preparation of adjustments‚ adjusted trial
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There are quit a few differences in financial and managerial accounting‚ the first differences has to do with the primary users of the reports; in financial accounting the reports are used by external users such as stockholders‚ creditors and regulators. On the other hand managerial accounting reports are used by internal users and include officers and managers. In addition the type and the frequency of the reports differ; financial accounting have financial statements and quarterly and annually
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44‚400 | Research cost | 2‚800 | Audit fee | 100 | Development cost | 4‚800 | Legal suit* | (800) | Amortisation expense | 8‚000 | Legal cost | 200 | | 15‚600 | | 43‚900 | | | *Since outcome of litigation is only 20% (remote)‚ it is not appropriate to provide for damages. The unrecoverable legal costs are a liability as the start of legal action is past event and should be provided in full. KASTURI Bhd Statement of Financial Position as at 31 March 2011 | Notes | RM | RM |
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with the Ring of Gyges there would be no limits to what one could do. To be completely honest‚ I think if I had the Ring of Gyges
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