principles are conflicting‚ then the proper adjustments will have to be made to avoid any compliance issues with the Generally Accepted Accounting Principles (GAAP). These topics will be explained to clarify the proper treatment of these items based on FASB standards and the reasoning for the requested review. The fluctuation of the value of inventory occurs constantly in business because of the constant adjustments in accounting theories to account for inventories created through the innovations
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Eldon S. Hendriksen and Michael F. van Breda‚ Four Thousand Years of Accounting‚ Chapter 2 of Accounting Theory‚ 5th edition‚ Irwin‚ 1992 Accountancy‚ from Wikipedia‚ http://en.wikipedia.org/wiki/Accounting. Retrieved January 20‚ 2011. Contents of lecture notes: 1. Introduction 2. Why bother with the history of accounting? 3. The beginnings 4. So what is ‘accounting’ (or ‘accountancy’)? 5. Double-entry accounting 6. Why double-entry accounting? 7. The period 1500 to 1800 8. The period 1800 to 1955
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Off balance sheet financing is financing from sources other than debt or equity offerings‚ such as joint ventures‚ research and development partnership and operating leases. For complex institutions such as banks‚ they increase their use of off shore subsidiaries and swap transactions to avoid disclosing liabilities. In other words‚ off balance sheet accounting is a process which a business creates what is practically a debt that it must pay off‚ but the debt is accounted as another type of transaction
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standards. True 8. The first level of the conceptual framework identifies the recognition and measurement concepts used in establishing accounting standards. False 9. The IASB has issued a conceptual framework that is broadly consistent with that of the United States. True 10. Although the FASB intends to develop a conceptual framework‚ no Statements of Financial Accounting Concepts have been issued to date. False 11. A ledger is where the company initially records transactions
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Frazier Group. A brief comparative analysis will be conducted between select data from the financial statements of these two companies‚ including profitability and financial position. Accounting Standards. For Caribou Coffee‚ Financial Accounting (FASB) standards‚ Generally Accepted Accounting Standards (GAAP)‚ are used for financial reporting. Public Company Accounting Oversight Board (PCAOB) standards are employed for internal auditing measures‚ which is required by the Securities and Exchange
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Arab British Academy for Higher Education UNIVERSITY OF ESSEX THE ESSEX BUSINESS SCHOOL 10/09/10-04:05:28 The Effect of Applying Fair Value on the Financial Statements of UK Leading Companies By Bassam Kazmouz 0948799 Supervisor Dr Robert Wearing September 2010 Dissertation submitted in partial fulfilment of the requirements for the award of ACCOUNTING AND FINANCE (MSC) www.abahe.co.uk Arab British Academy for Higher Education TABLE OF CONTENTS I. Introduction
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Earnings Management and Its Implications Educating the Accounting Profession By Michael D. Akers‚ Don E. Giacomino‚ and Jodi L. Bellovary August 2007 Issue AUGUST 2007 - In the wake of continuing‚ highly publicized E-mail Story financial frauds and failures‚ the accounting profession has placed renewed emphasis on issues related to earnings Print Story management and earnings quality. The SEC and the public are demanding greater assurance about the quality of earnings. Staff Accounting Bulletin
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REQUIREMENTS Part 1 - The Situation‚ Consolidation‚ and Interpretation This is an unusual type of corporate relationship. The first set of questions will reinforce your understanding of the relationship and provide evidence on the pros and cons of consolidation. 1. Carefully reread the information provided about the corporate headquarters and the Development Agreement. Which company is actually performing the research and development activities? Pharmco 2. Justify your response.
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WileyPLUS Chapter Two Copyright © 2009 John Wiley & Sons‚ Inc. All rights reserved. WileyPLUS Chapter Two SUMMARY OF STUDY OBJECTIVES 1Identify the sections of a classified balance sheet. In a classified balance sheet‚ companies classify assets as current assets; long-term investments; property‚ plant‚ and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders’ equity section shows common stock and retained earnings. 2Identify and compute ratios
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Authority Victoria. Retrieved February 20‚ 2006‚ from http://www.epa.vic.gov.au/bus/accounting/whatisema.asp Brooks‚ P.L.‚ L.J. Davidson and J. H. Palamides. (1993). Environmental Compliance: You Better Know Your ABCs. (pp. 41-46). Occupational Hazards. FASB Statement of Financial Accounting Standards No. 5‚ "Accounting for Contingencies" . (1975). (par. 1). Horngren‚ C.T.‚ G. Foster‚ S. M. Datar. (1994). Cost Accounting : A Managerial Emphasis. Prentice-Hall. Kreuze‚ J.‚ G. Newell. 1994. ABC and Life
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