Course Outline ACCO 310/1 Financial Reporting I Summer 2013 Session 2 General Information Course Number: ACCO 310 3 credits | | | | | | |Section |Professor Robert B. Campbell | | |
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On December‚ 6th‚ 1917‚ an unexpected explosion at Halifax‚ Harbour front had left the citizens of the Nova Scotia capital and the rest of Canada devastated. Five minutes after 9:00 a.m on that day‚ hundreds of people were killed and thousands were severely injured by the impact. A collision of two ships on the harbour due to miscommunication left everything destroyed during the time of WWI. The crash had led to the French munitions ship‚ the SS Mont-Blanc to blow up in flames. Caused by impact from
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2014). The discipline does not simply study points on a map of the distance between two cities; it seeks to uncover the science behind the natural and human realms and describe it a set of relationships and sequences (Getis et al.). Consider a statement the authors make on the dual nature of geography “the content of an area has both physical and cultural aspects‚ and geography is always concerned with understanding both” (Getis et al.‚ 2014‚ p. 3). In much the same way that simple anatomy prepares
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1.0 Introductory part 1.1 Introduction: Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it. BRAC Bank is one
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The Role of Conservatism in Financial Reporting Table of Contents Introduction 3 Applications of Conservatism in Accounting 4 Advantages associated with Conservatism 7 Disadvantages associated with Conservatism 11 Recommendations and conclusions 14 References 17 Introduction This report investigates the application of conservatism in accounting and its role in financial reporting. We also examine and compare the advantages and disadvantages associated with conservatism and provide our opinion
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changed from LIFO TO FIFO it might be possible to maintain earning growth in 2008. He prepaid a memo to president explain how inventory flow assumption work and provides per forma income statement that show for one product adopting FIFO would allow Merrimack to report higher income in 2008 than it did in 2007 but higher income taxes would have to be paid. First Objective: The first objective in this case is to exposed students to different methods of inventory valuation. Students must know about LIFO
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In the article The Extraordinary Science of Addictive Junk Food‚ Michael Mossfeb discusses the issues concerning the causes of obesity in America. Mossfeb gives many examples of how the different food companies use different methods to convince people to buy their products. For example‚ Oscar-Myer found ways to get their products into the family household by exploiting mothers that have little time to prepare meals‚ and children who want control of what they eat. The same problem occurs with Coca
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However‚ in this study‚ focus shall be placed on human resources accounting and how it will be reported in the financial statement‚ which also mean the capitalization of human resources as an asset which can be amortized. Although‚ the worth of human resources may be fairly difficult to quantify‚ hence there is no reason to value them at zero or not to record them in the financial statement as an asset. If the change in the value of money are accounted for‚ depreciation and maintenance of plants and
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financial statements like balance sheet‚ income statement‚ and statement of cash flow and owner’s equity with its advantages and disadvantages of preparing this statement with an example. INTRODUCTION Financial statements provide information of value to company officers and various external parties‚ such as investors and lenders of funds. Publicly owned companies are required to publish general-purpose financial statements that include a balance sheet‚ income statement‚ and statement of cash flows
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As mentioned previously‚ the Australian distributions do look much better than majority of OECD countries (Table 1). This is why I’ve recommended examining the Australian Gini coefficient in the past‚ to witness what truly has occurred (Figure 2). Figure 2 indicates the cumulative picture is of an upward trend‚ therefore the inequality is increasing across the years. However‚ there have also been years in which the inequality rate decreased‚ only to eventually increase back up into unequal rates
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