ACCOUNTING Harmonization of Accounting Standards Samir S. Mogul < E X E C U T I V E S U M M A R Y > ◆ International community has long back recognised the need for moving towards harmonisation of the accounting standard across the globe. Obviously on individual country is always entitled to costomise the existing international accounting Standards according to its specific needs. Among other advantages of harmonisation of accounting standards‚ the two benefits which tops the list are (a)
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How does the market influence financial reporting standard setting? In the December 1978 Journal of Accountancy academic article‚ “The Rise of ‘Economic Consequences‚’” Stephen Zeff talks about how economic consequences – “the impact of accounting reports on the decision making behavior of business‚ government‚ unions‚ investors‚ and creditors” – can often be detrimental and therefore‚ should be taken into consideration when setting financial reporting standards. He mentions how in 1977‚ the conclusion
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In my first case‚ I was assigned to call of a suicide involving the husband as the victim and a distraught thirty-five year old wife who was present at the suicide scene. For the purposes of this paper‚ I will refer to her as Lisa. Prior to arriving on scene‚ I conducted a comprehensive background check on Lisa through the local law enforcement agency. I paid particular attention to any drug related arrests‚ crimes involving violence or any mental evaluation holds. This helped me gauge if Lisa
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Flexi Financials provides core accounting ‚billing and invoicing fixed asset ‚project accounting ‚reporting and tax functionality for small and medium business and large enterprises. Of the 64 accounting programs in our database that can scale up to serve the need of large enterprises‚56% have project accounting functionality. Flexi Financials ranks above average foe such programs in terms of project accounting capability. The Flexi Financials suite consists of financial accounting modules that
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Case 6 : The Financial Detective Financial data is the most crucial information in describing any sort of business‚ but this information is also useful in differentiating between different types of businesses. In any specific industry‚ many key players are present‚ yet their strategies and implementations of business vary greatly. Two firms may achieve the same earned profit‚ yet go about securing this profit in radically different ways .A close analysis of financial data for each business can
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Case Study Analysis on GE Capital Virginia Intermont College Case Study Analysis on GE Capital Introduction General Electric (GE) was formed in 1892 through a merger between Edison General Electric Company and Thomson-Houston Electric Company. GE started acquiring other companies within the area (Eckes‚ 2001). As a result‚ management saw this as a business opportunity leading to the formation of a company known as General Electric Contracts Corporation in 1932 (Eckes‚ 2001). The main purpose
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Project part 2 Student name Professor Institution Course Date Why is frictional unemployment important to have in any economy? Frictional unemployment is the kind of unemployment that arises as a result of people moving from one job to another‚ career or location. It involves people who have both the competencies and skills of getting a job and in the stages of getting one though they have not become successful in finding one1. For those people looking for new jobs while still continuing
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MARKETING ASPECT A. TARGET MARKET A target market represents the people who are most likely availing the services that the business has to offer. As for Head’s Up‚ their target markets are the young professionals‚ the students and the foreigners as well as the walk-ins. B. SERVICES OFFERED Head’s Up accommodates three groups of services. These are the following: BARBER SERVICES SALON SERVICES SPA SERVICES HAIRCUT TRIM SHAVE HAIRCUT/ HAIR TRIM HAIR COLOR COLOR STREAKS/
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I VQ 2730 Telecommunication Systems Advanced Technician Diploma 2002 onwards International Vocational Qualifications Publications The following publications are available from Publication Sales 1 Giltspur Street London EC1A 9DD England Tel: (+44) 20 7294 2850 [International] Fax: (+44) 20 7294 3387 [International] International Publications List and Order Form International Handbook Free Free Enquiries Enquiries about this programme‚ and general enquiries about
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Week 1: Case 6 “The Financial Detective” From the case study of The Financial Detective‚ 2005 the objective is to place the correct company to match the given financial data and ratios. I will analyze and compare the financial ratios of the companies in each industry and interpret them to identify the correct company. Health Products: Company A is Johnson and Johnson (J&J) as it is evident based on its financials. The cost of goods sold is twice as higher as Company B because J&J has a very
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