Boards (GASB) - The FASB and GASB’s primary functions are the development of generally accepted accounting principles for business and not-for-profit entities‚ and state and local governmental entities. * American Institute of Certified Public Accountants (AICPA) - After the statements and interpretations issued by both boards‚ the AICPA recognized them as constituting GAAP * Securities and Exchange Commission (SEC) – The SEC has the authority to establish GAAP for companies under its jurisdiction
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Accountant Career Project: Report Business 101 Career Overview Accountants carry the primary responsibility for bookkeeping services such as payroll‚ bank reconciliations‚ general ledger posting‚ along with managing financial statement compilations and oversee efficient use of funds and related tasks. Correspondingly‚ they provide some Human Resource functions such as Employee Handbook compilation‚ and benefits management. Another responsibility of accountant’s is taxes:
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Subject: Negligence Liability of Accountants ______________________________________________________________________ Facts By law‚ accountants may be responsible for customers that hire them in various legal theories‚ including contract‚ fraud and negligence. Accountant malpractice happened when he or she violates the duty of reasonable care‚ knowledge‚ skills and judgment that he or she is due to a client or to the laws to provide auditing and other services. South Asset Management Co hired
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Lawreine The Job Life of Accountants Accounting professionals had a hard time during their school days. They have experienced sleepless nights just to study. They also experienced failures and downs. But at the end‚ they pursued their goals and they became professionals. Accountant is a high-level of career. They have hard tasks every day. An accountant must possess qualitative characteristics that will satisfy the users of financial statements. However‚ accountants have benefits too. Because
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NOTES ACCA F1 FAB FIA ACCOUNTANT IN BUSINESS JUNE 2012 EXAMINATIONS OpenTuition Course Notes can be downloaded FREE from www.OpenTuition.com Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites. Visit opentuition.com for the latest updates‚ watch free video lectures and get free tutors’ support on the forums Free ACCA Notes & Lectures by Paper (on line on http://opentuition.com/acca/) F1 Accountant in Business / FAB Foundations
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career as a chartered in Canada‚ specifically in a firm in Montreal. I would like to graduate from John Molson School of Business with a grade point average that is higher than three so that I can then apply to the CA program and become a chartered accountant. Before I do all that‚ I need to get as much information as possible about the job and about the business field in general. In this report I will be using many different sources that will help me gain the information and the experience that I need
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The role of accountant in a company zac Currently‚ with development of international economic‚ the trend of accounting internationalization will be more and more obvious. So the accountant has become a valued partner and strategic advisor in the company competition. Accountant is who is skilled in the practice of accounting or who is in charge of public or private account. An
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Ms.Rine BAF3M1 Option 2 Derek Leung March 20th/13 As the Chief Accountant/Controller for Metalco Mines‚ over the past years Metalco’s net income was continuous start to decrease. With mining being with the most employees in the year of 2010 with 4000 employees.(Greater Sudbury‚ Economy) Mining in Sudbury is where the economy is. Being the chief accountant at Metalco‚ it was at the peak of there business with a strong net income with $120‚000‚000 in 2006. With Metalco’s income decreasing year
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Business Law Notes © 2012 Certified Management Accountants of Ontario. All rights reserved. Business Law Notes Page| i PART 1: LEGAL FUNDAMENTALS .............................................................................................1 SECTION 1-1: INTRODUCTION TO LAW ......................................................................................... 1 Definition and Purpose of Law............................................................................................
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conservative growth strategy. The airline focuses on growing internally and expanding within their current routes. It is estimated that in any given year‚ 85% of Southwest’s expansion is internal. The company purchases new planes to add capacity to their system. By next year‚ they will be using 14 to 16 new planes for internal expansion. At times‚ Southwest expanded externally‚ but only when an opportunity was present. The company faces a problem with expansion. Southwest Airlines is asked to join new markets
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