Advantages of Cash flow * Cash flow is more “direct” as “profit” is highly dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash
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Cottrell. Creative thinking can benefit any aspect of life‚ including academic study or our working day. All too often‚ we act as if creativity were the preserve of a special breed of people – great artists‚ musicians‚ designers and inventors. However‚ you don’t need to be good at drawing or painting or music in order to be creative. Because of this misperception‚ we can tend to underestimate our own capacity for creativity and the wide range of situations to which we could apply creative thought.
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Financial Reporting Council (FRC) announced that Australia would adopt the accounting standards issued by the International Accounting Standards Board (IASB) from 2005(Baxter 2005). After the first of July 2005‚ the new standards (IFRS) start to use across national border. companies would be required to report current results under IFRS and restate recent results. They will also have to report their latest results under the old accounting standard‚ which should make comparing results on a like-for-like basis
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The advantages of using a computerized accounting package such as MYOB accounting software. Let me start this article by saying I am a qualified accountant who has taught accounting at a variety of levels for over 18 years. I have also worked extensively as a business consultant for small and medium size enterprises. I am continually amazed when I come across a business either not using a computerized accounting package or using spread sheets to do their accounts. Therefore I decided to write
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CAUSAL EFFECT OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)-jetibensi@yahoo.com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar‚ Graduate School as Prerequisite for Admission into MSc. Accounting‚ Faculty of Management Sciences. INTRODUCTION: Financial Statements provides information that is used by interested parties (users) to assess and appraise the performance and financial Status of
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“BEEP BEEP BEEP BEEP” the alarm screams out louder than ever. “It’s only 6 am “I moan tiredly to myself. AS I slowly get ready for my last day of school as a year 12‚ ready to graduate‚ I start to think about the previous years of my school life. I slip out of the creased sheets laid on my bed‚ and I get a flashback of back when I was in kindergarten. I was just another kid in the New Year. I had no idea where anything was and no friends. I resume making my bed as I see something fall out of the
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Cities and the Creative Class Richard Florida∗ Carnegie Mellon University Cities and regions have long captured the imagination of sociologists‚ economists‚ and urbanists. From Alfred Marshall to Robert Park and Jane Jacobs‚ cities have been seen as cauldrons of diversity and difference and as fonts for creativity and innovation. Yet until recently‚ social scientists concerned with regional growth and development have focused mainly on the role of firms in cities‚ and particularly on how
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Research report: November 2010 Creative clusters and innovation Putting creativity on the map Caroline Chapain‚ Phil Cooke‚ Lisa De Propris‚ Stewart MacNeill and Juan Mateos-Garcia Disclaimer This work contains statistical data from ONS which is Crown copyright and reproduced with the permission of the controller of HMSO and Queen’s Printer for Scotland. The use of the ONS statistical data in this work does not imply the endorsement of the ONS in relation to the interpretation or analysis
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Part A - Background and Business Profile of Creative Technology Ltd Creative Technology is a publicly listed‚ Singapore-based company founded in July 1981 by a Singaporean Sim Wong Hoo and is a market leader in digital entertainment products. He first set up a small shop in Singapore together with his classmates; developing and selling add on memory boards for Apple II computers and later began building Personal Computers for retail with initial start-up of $6000 from Sim’s own savings. Their
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Creative Process February 11‚ 2013 Mihaly Csikszentmihayli- The Creative Personality Mihaly Cziksentimihayli dares to define who creative people are in The Creative Personality. He does not fail to note that his definition is arbitrary but nonetheless‚ creative people do usually carry eleven specific character traits. The Creative Personality explains why creative people differ from those who are not considered to be creative. First‚ he states that those who are typically creative have
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