Assignment Name:Jimoh Azeez Lasisi Matric No: 000901064 Dept.: Dept.: Business Administration Programme: MBA (Executive) Course: ACC 810 (Financial Accounting for Business) Users of Financial Statement‚ Their Information Needs and possible Conflict Title:Users of Financial Statement 1 Management and Employees/Trade Union : Profit Margin‚ The proportion of Value added that goes to employees‚ The prospect of the business being able to guarantee job security‚ etc 2 Government/Tax
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Questions: 1. Define Negligence or Culpa. 2. What are the kinds of Negligence? 3. What are the successive rights of the creditors to satisfy the claims of his debtors? Answers to Questions: NEGLIGENCE Negligence‚ also known as Culpa‚ is the failure to observe for the protection of the interests of another person‚ that degree of care‚ precaution and vigilance which the circumstances justly demand‚ whereby such other person suffers injury. Negligence can also be defined as: The omission
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Financial Information System (FIS) Definition - What does Financial Information System (FIS) mean? A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes. FIS is used in conjunction with a decision support system‚ and it helps a firm attain its financial objectives because they use a minimal amount of resources relative to a predetermined margin of safety. FIS can be thought of as a financial planner
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Investor Protection LYU JINGYU H00183199 As we all known‚ investor protection plays a decisive role in the financial markets. Some literature asserts that the benefit of minority shareholders and creditors will be expropriated by controlling shareholders is a common situation. As a result‚ to some extent‚ the core idea of Corporate Governance is to prevent the right of investor deprived by manager and controlling shareholders. In previous studies‚ the problem that people most concerned about
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integrity? What about David Robinson? Defend both of your answers. Does Robinson have an impropriate relationship with Crabtree? Explain. 3. Identify the primary audit objectives for client’s year-end discretionary expense accruals. Is it permissible for companies to overstate period-ending expense accruals to make their financial statements more “conservative”? 4. Discuss the scope and nature of an auditor’s responsibilities during a review of client’s quarterly financial statements
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is the financial information system that provides these insights. In short‚ to understand your organization‚ you have to know the numbers. Accounting consists of three basic activities—it identifies‚ records‚ and communicates the economic events of an organization to interested users. You cannot earn a living‚ spend money‚ buy on credit‚ make an investment‚ or pay taxes without receiving‚ using‚ or dispensing financial information. Good decision making depends on good information. A vital
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Potential Investors Report: Mr. Price Group The Mr. Price Group is a fast growing retail group that has caught the eye of many investors not only in South Africa but across Africa as a whole. However‚ its status does not always necessarily mean that it is a good quality investment. Annual Financial Statements are designed to aid investors to make informed decisions about their investment. In this report‚ I will analyze the Mr. Price Group Annual Financial Statements for the year ended March 2011
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groups in South East Asia and is valued over Rs.300 billion (US$ 5 billion)‚ it ranks amongst the top five business houses of Pakistan. The group has strong presence in three most important business sectors of the region namely Textiles‚ Cement and Financial Services. In addition‚ the Group also has reasonable market share in Insurance (Adamjee and Security General)‚ Power Generation‚ Paper products (Nishat Shoaiba Paper Mills) and Aviation (Phoenix Aviation). Nishat Mills Limited is the flagship company
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What are the fundamental and enhancing qualitative characteristics of useful financial information? Objective of financial reporting and the capital markets The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors‚ lenders and other creditors in making decision about providing resources to the entity. Qualitative characteristics of useful information The Framework 2010 identifies
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Three (P3): Explain barriers which may be experienced by individuals Merit One (M1): Assess barriers which may be experienced by individuals with additional needs‚ with reference to models of disability In Nazir’s case study by the looks of it he is facing a lot of barriers‚ one of which I think is communication. All of his family has limited information on Dementia‚ this makes it hard for them to put his Alzheimer’s into perspective. They will not know how he’s feeling or ways to potentially make
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