The Trader Definition of a Trader Section 4 of the Commercial Code – The term "trader" means any person who‚ by profession‚ exercises acts of trade in his own name‚ and includes any commercial partnership. The fact that a person is considered to be trader has certain consequences and brings about certain rights and obligations. The requirements for becoming a trader: 1. No formality such as registration. But A commercial partnership requires registration. Break down of
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presented to the Faculty of College of Business and Administration Montessori Professional College – Imus Branch Imus City‚ Cavite In Partial Fulfillment of the Requirements of the Degree Bachelor of Science in Business Administration major in Financial Management Adaya‚ Trysha A. Asilum‚ Rudylyn Cafuir‚ Shella Marie E. Nones‚ Abegail O. Sanone‚ Maria Sarah Vergara‚ Pamela O. AUGUST 2013 APPROVAL SHEET This feasibility study‚ “Chill & Lux’s Restobar‚” prepared and submitted by Adaya‚ Trysha
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How to Prepare a Bank Reconciliation Statement: To prepare the bank reconciliation statement‚ the following rules may be useful for the students: 1. Check the cash book receipts and payments against the bank statement. 2. Items not ticked on either side of the cash book will represent those which have not yet passed through the bank statement. 3. Make a list of these items. 4. Items not ticked on either side of the bank statement will represent those which have not yet been passed
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C. CORPORATE RESOURCES 1. MARKETING Vision Statement : To be a leading media group Mission Statement : • To provide relevant‚ accurate and reliable information fairly and objectively • To be the voice and conscience of the people • To be innovative with our products • To be a caring media group The Star’s main objective is to being the best newspaper in providing the latest and accurate news around the world with reliable and vital information service with the intention of educating
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FINANCIAL STATEMENTS | Analyzing and Interpreting Financial Statements | | This paper will demonstrate my understanding of financial accounting and why generally accepted accounting principles (GAAP) are important. I will discuss how financial statements are used in the marketplace. I will describe each financial statement and tell what it reveals about the business. I will explain how the statements are linked and show examples. I will explain the notes to the financial statements. I will
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Chapter 1: Overview—The Financial Statements Chapter 1 introduces the four financial statements--Income Statement‚ Statement of Retained Earnings‚ Balance Sheet‚ and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business – proprietorship‚ partnership‚ limited – liability company‚ and corporation‚ are discussed
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Purpose of Financial Statements The objective of financial statements is to provide information about the financial position‚ performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions (IASB Framework). Financial Statements provide useful information to a wide range of users: Managers require Financial Statements to manage the affairs of the company by assessing its financial performance and position and taking important business
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Financial Management – Handout »Balance Sheet - Statement of financial positions on a specific date * Book value: value on balance sheet (historical cost) * Market value: value of assets depends on riskiness‚ cash flows * Balance sheet identity: Assets = Liabilites + Shareholders‘ equity * Debt versus equity: Shareholders equity = Assets + Liabilities * Financial leverage: the more debt‚ the greater its degree of financial leverage »Income
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2012 Cash Flow Statement Disclosures in Pharmaceutical Companies: Bangladesh Perspective Mst. Joynab Siddiqua* Mohd. Takdir Hossan* Abstract Cash flow statement is a vital part of the financial statements. Preparation of cash flow statement is required as per Companies Act 1994 and the public limited companies enlisted with stock exchange are to prepare this statement as per other statutory laws and regulations. The acceptance of International Accounting Standard- 7: Cash Flow Statement has added a
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liability and a corporation has limited liability. When a proprietorship is sued‚ their personal assets are at risk if they lose‚ but if a corporation gets sued‚ their personal assets are not at risk. As a CPA‚ I would recommend the corporation business form to my client because if a corporation gets sued‚ their personal assets are not at risk. 2. What is the training of a CPA and what is their purpose? Explain in your own words. The training of a CPA is very difficult. To become a CPA you must
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