Financial Reporting Problem Part 1 XACC/290 March 1‚ 2015 Financial Reporting Problem Part 1 J.P. Morgan is a company in the banking industry. J.P. Morgan was established in 1799 and despite multiple stock market crashes and recessions; it is a company that continues to do well in its sector (JP Morgan‚ 2014). J.P. Morgan Bank is the publicly traded company that I chose to analyze the 2013 annual report. At the end of 2013‚ the total assets of J.P. Morgan was 1‚945‚467‚000‚000; one trillion‚ nine
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Criminal statistics are based on reported recorded crimes. In the United States of America there two major statistics used in crime investigating. One is the Uniform Crime Reports(UCR) and The National Incident -Based Reporting System(NIBRS). The other is the National Crime Victimization Survey(NVCS). The Uniform Crime Reports (URC) is the most cited and well known reporting method. This‚ method was created by the Federal Bureau of Investigation in 1930‚ this program’s primary objective is to produce
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REGULATIONS OF FINANCIAL REPORTING IN NIGERIA INTRODUCTION Regulation of accounting information is aimed at ensuring that users of financial statements receive a minimum amount of information that will enable them take meaningful decisions regarding their interest in a reporting entity. The bodies responsible for these regulations are often statutory agencies such as the Financial Reporting Council‚ Securities and Exchange Commission and the
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AN INTEGRATED MANAGEMENT INFORMATION SYSTEM MUSUMBA B. F. MUGOYA B.SS(Mak) CCNA‚ CCNP(Mak) PGDCS(Mak) Department of Information Systems Faculty of Computing and Information Technology Makerere University beatricemugoya@yahoo.com‚ +256 075 2408 687 A Pro ject Report Submitted to School of Graduate Studies in Partial Fulfillment for the Award of the Degree of Master of Science
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discontinued operations and before the effect of changes in accounting principles Discontinued Operations: A component of a business is defined as a segment for which operations and cash flows can be distinguished both operationally and for financial reporting purposes. It has to be sold in full. Check of impairment of segment if not sold off by the end of the year. Reported net of tax and must restate all previous reports. Asset Impairment: check undiscounted cf and reduce to fair value. Cannot reverse
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Corporate Reporting Paper P2 (International) Course Notes ACP2CN07 (INT) P2 Corporate Reporting (International) Study Programme 1 2 3 4 5 6 Page Introduction to the paper and the course............................................................................................................... (ii) The financial reporting framework .............................................................................................................. 1.1 Professional and ethical duty of the accountant
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Framework for Financial Reporting I am from England‚ and here in the UK‚ unlike most countries‚ our system of government has no comprehensive written constitution. Many countries do have such constitutions and in these circumstances the laws of the land are shaped and influenced by the constitution. Now while the International Accounting Standards Board (IASB) is not a country it does have a sort of constitution‚ in the form of the Conceptual Framework for Financial Reporting (the Framework)‚ that
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REPUBLIC OF THE PHILIPPINES DEPARTMENT OF LABOR AND EMPLOYMENT Regional Office No. _______ PUBLIC EMPLOYMENT SERVICE OFFICE ______________________________ City/Municipality/Province SPECIAL PROGRAM FOR EMPLOYMENT OF STUDENTS (SPES) (RA 7323‚ as amended by RA 9547) SPES Form 2 Control No. __________ GENDER SURNAME FIRST NAME‚ Date of Birth: (mm/dd/yyyy) Address: MIDDLE NAME o Male o Female CIVIL STATUS o Single o Married Citizenship: Place of Birth: o Widower o
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Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
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A Comprehensive Business Reporting Model Financial Reporting for Investors July 2007 CFA Institute Centre Comprehensive Business Reporting Model Staff Kurt Schacht‚ CFA Managing Director Rebecca McEnally‚ CFA Capital Markets Policy Group Georgene Palacky‚ CPA Director Financial Reporting Group Members of the Comprehensive Business Reporting Model Subcommittee and the Corporate Disclosure Policy Council Gerald I. White‚ CFA‚ Chair Grace & White Inc. New York‚ NY United States
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