You will be able to explain the uses and limitations of financial statements as well as being competent to prepare them. You will possess an in- depth understanding of the following topics for the purpose of being able to use

Assumptions. We build pro-forma statement mostly based on the assumptions given in the case. Other assumptions are following. At first, we assume that the tax rate is an average of tax rates for the past three years which is 20.

A. IntroductionThe Philippine Code of 2008 (RA 9520), Article 23 defined Credit Cooperative as one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance and

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There are basically four types of accounting software to choose from. First, is the entry –level software (Entry). This software is designed for small businesses with up to 20 employees and up to $5 million in annual revenue. Second, is

The front desk receptionist routinely takes an extra 20 minutes of lunch to run personal errands. Agency Problem: she took an extra 20 minutes to do her personal errands instead of working, which she puts her own self interests before

The manual system is very time consuming. This is really only suited to extremely small restaurants because otherwise the accounting and stock control will become very time-consuming indeed. The computer technology is integrated with manual procedures. In this case the

We have also provided comprehensive documentation on the templates so that you do not need to guess or figure out how we implemented the models. All our template models are only in black and white color. We believe this is

The Effects of Technology on the Accounting Profession Alonzo White ACC/340 August 14, 2011 Jennifer Coleman Question: Describe how information systems are changing the various aspects of the accounting profession. Include a description of a variety of new technologies and

THE JOURNAL OF ACCOUNTING ANAN Volume 1, No 1, March 2009 Published by: Nigerian College of Accountancy, Jos Postgraduate Professional College and Training Arm of ANAN … Advancing the Science of Accountancy EDITORIAL BOARD Prof. Edet Robinson Iwok, Ph. D,

This report highlights the comprehensive financial analysis of the three well known sports brands across the world. These companies have their fair share in the dominance of selling sports goods like shoes, Tracks, t-shirts etc and this report will offer

Nowadays, high inflation is an inevitable problem in many countries. High inflation occurred owing to the demand level of goods and services are over the supply level of goods and services. It is lead to price changes taking place. Since

The increase in assets in the year 2009 was 7%, which is caused by an increase in accounts receivable by 56%, inventories by 100% and increase in property plant and equipment by 41%. The hospital may have provided more credit

The term planning involves a. the development of future objectives and the preparation of various budgets to achieve these objectives. b. the steps taken to ensure that objectives set down by management are attained. c. the steps taken to ensure

Buildings, machinery, equipment, furniture, fixtures, computers, cars and trucks are examples of assets that will last for more than one year, but will not last indefinitely. These are some examples of long-lived non-monetary assets. When these assets were acquired, the

Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft’s financial statements can help us decide certain things about the company. There are three different types of statements that will be discussed

The model was tested by means of empirical data collected from a questionnaire addressed to 160 production managers. The response rate was 82. 5%. The ? ndings provide some support for the notion that organizations adapt their MAS design to

Computer nowadays is a basic need for businesses or companies. It helps a lot in such a way that it makes work more progressive and productive. It is an important thing that a company or small business should have because

What is financial reporting? The traditional function of financial reporting was to provide business owners with information about the companies that they owned and operated. Once the delegation of managerial responsibilities to hired personnel became a common practice, financial reporting

The Joint Project Revenue recognition requirements in US generally accepted accounting principles (GAAP) differ from those in International Financial Reporting Standards (IFRSs); the former consists of broad concepts whereas IFRSs contain fewer standards, but applying the two main standards to

This case deals with the valuation of AirThread Connections Business (ATC) from the perspective of its potential acquirer, American Cable Communication (ACC). ACC is a large cable operator which serves the video, internet and landline telephony needs of millions of

Generally Accepted  Principles, Balance sheet, Accounts receivable, Income statement, Debt, Liability, Double-entry bookkeeping system, Accounts payable 1- Explain the collecting, recording, classifying, summarizing, analyzing and reporting process of accounting. – Collecting:- Data obtained from various sources with the help of

Studying this technical article and answering the related questions can count towards your verifiable CPD if you are following the unit route to CPD and the content is relevant to your learning and development needs. One hour of learning equates

In 1999 the Europeian Commission presented its financial services action plan, the implementation of which should contribute to the unification of integrated market for financial services in the EU by 2005. In the areas of financial reporting the action plan

The Australian Accounting Standards Board is an Australian Government Agency and according to Deegan (2010), AASB is defined as the “body charged with developing conceptual framework for accounting practices, making and formulating accounting standards and participating in and contributing to

Compared to the industry average, CVS and Walgreen’s ROA are much higher. However, Walgreen’s ROA is higher than CVS’s; which means that the latter is not benefiting as much from its assets as Walgreens does. In 2008, Both Companies have

The income sources have specific ledger accounts which they are recorded in. Some of these differ to those of a business. Membership fees and entrance fees are recorded in the Membership Fees and Entrance Fees accounts in the general ledger

The WACC is the weighted average cost of capital. It is a calculation of the firms cost of capital taking into account the relevant weight of equity and debt as a proportion of the total. The cost of equity or

This paper is an analysis of Acme Incorporated accounting practices on deferred income taxes and the discrepancies between tax and book depreciation methods found by the Certified Public Accountant (CPA), Stephanie Delaney, the new director of corporate taxation. As a

I am going to talk about HIH insurance’s Corporate accounting scandals. Background: HIH insurance was formed as a small insurance company in 1968. Its main business was to underwrite workers compensation insurance in Australia. The company expanded its operations into

Accrual accounting doesn’t just focus on cash flows, instead, it also reflects other resources that are provided and consumed by business operations during a period. This method measures resources provided by business operations by revenue. The measure of resources used

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