The Impact of Assets Impairment on Company Accounts Assignment 1 ACCT 20054 – Company Accounting Term 2‚ 2012 Prepared & Submitted by Jobish Mathew S0214315 Tutor: Davood Alizadeh Due date: 24th August 2012 Submitted date: 24th August 2012 Executive Summary The study ‘The Impact of Assets Impairment on Company Accounts’ presents the cotemporary issues facing by major five Australian companies Qantas‚ Ten Networks‚ Billabong‚ Bluescope steel and Harvey Norman. This research
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Stephen King How can you do with your experience? Some people will share it‚ but some will keep it for themselves. Both “Digging” by Seamus Heaney and “Stop All The Clocks” by W. H. Auden are beautifully opposite poems about family and love. By using two opposite themes‚ imageries and rhymes‚ both poems bring to reader different feeling. The first similar thing between “Digging” and “Stop all clocks” is their theme. Both of them talk about their personal experience. However‚ the reader still can find
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Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle‚ regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents‚ journals‚ and accounts that provide audit trails‚ promote the maintenance of records‚ support decision making‚ and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these risks
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specifically defined as a pleasurable (or unpleasurable) emotional state resulting from the appraisal of one’s job‚ an affective reaction to one’s job‚ and an attitude towards one’s job. These definitions suggest that job satisfaction takes into account feelings‚ beliefs‚ and behaviors. History One of the biggest preludes to the study of job satisfaction was the Hawthorne studies. These studies (1924–1933)‚ primarily credited to Elton Mayo of the Harvard Business School‚
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receipt‚ cheque counterfoil and memo. All this document are related to financial transaction of the organization. The source document is essential to the bookkeeping and accounting process. It is the evidence that a financial transaction occurred. If a company is audited‚ source documents back up the accounting journals and general ledger as an indisputable audit trail.( http://bizfinance.about.com/od/bookkeepingessentials/qt/Source_Document.htm) The 7 book of prime entry is record the daily business
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After reviewing the three case study’s for two different businesses‚ it was interesting to compare their financial approaches. Market‚ Competitive‚ Operating Characteristics‚ Financial Strategy and Risk SureCut Shears SureCut Shears manufactures a complete line of household scissors and industrial shears. They have been in business and profitable since 1958. In 1995‚ SureCut arranged a line of credit of $3.5 million with the Hudson National Bank to cover requirements for the Fall. They projected
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Both ‘Never Let Me Go’ by Kazuo Ishiguro and ‘My Sisters Keeper’ by Jodi Picoult explore issues that are widely discussed but rarely put into practice. For example the most famously known cloned experiment is Dolly the sheep which was in 1996 and there have been very few cases where a family have decided to create another child for the use of medical reasons‚ the first case of this in the UK was in 2002. Both novels focus on people or one person who have been created for the use of other people.
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Receivables Turnover Ratio interpretation Receivables Turnover Ratio is one of the efficiency ratios and measures the number of times receivables are collected‚ on average‚ during the fiscal year. Receivables Turnover Ratio formula is: Receivables Turnover Ratio formula Receivables turnover ratio measures company’s efficiency in collecting its sales on credit and collection policies. This ratio takes in consideration ONLY the credit sales. If the cash sales are included‚ the ratio will be
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to customers. A firm grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favourable terms. Trade credit creates accounts receivable or trade debtors that the firm is expected to collect in the near future. The customers from whom receivable or book debt have to be collected in the future are called trade debtors or simply as debtors and represent the firms claim or asset. A credit sale has three characteristics: First‚ it
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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