4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives to manage income to meet or
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ripe…..oops! Sorry‚ I mean graduate every year‚ more than the graduate’s parents are the no. of employers standing outside the university gate to pick the best out of bests for their company. Management job is not only about doing administrative work. I‚ myself‚ being an administrative assistant in a trading company‚ have realized from my surrounding and my colleagues that the job is merely an administrative one and is more about taking risks‚ dealing with the complaints‚ understanding & solving
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lots of companies facing financial problems and ending up with bankruptcy. The business failure can be caused by many reasons however the main factor is from internal problems. From my point of view‚ firms collapsed because the management team did not exercise control efficiently of the business operations. Those poor management can be categorized into three equally important factors which are human resource management‚ marketing management‚ and financial management. Firstly‚ the company gave employees
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The opinion of “Actuaries do actuarial work‚ actuarial work is done by actuaries” (Akhurst‚ 1992) had been committed by financial security systems‚ because the understanding of financial and mathematical skills was unique to actuaries and they were respected as more technician than a financial manager. Actuaries did not need to work as group‚ and they were usually authorized directly from the boss‚ so that the skill of communication was not strongly needed. Comparing with accountants‚ the minimum
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Definition of Gross Income‚ Taxable Income‚ and Net Income Gross income refers to all income but not excluding exempt income and subject to final income tax. Example of gross income include: salaries and wages‚ commission‚ sale of and other dealings in property‚ rents‚ dividends‚ and securities. Exclusion from gross income or those incomes that are exempted from tax include: life insurance proceeds paid to beneficiaries upon the death of the insured; compensation for injuries or sickness‚ retirement
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Why Do People Lie? I.- Why do people lie? Everybody lies. It may only be “white” lies‚ but everyone tells lies or “omits the truth” sometimes. They lie to protect themselves‚ look good‚ gain financially or socially and avoid punishment. Often caught in an awkward situation‚ what do you do? Quick escape. Easy. Lie. But seriously‚ why do we do it? Is it because we’re afraid of the consequences that the truth will bring us? Maybe quick fix is the reason why people lie. People often say they’ve
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and teacher of enduring great companies -- how they grow‚ how they attain superior performance‚ and how good companies can become great companies. Having invested over a decade of research into the topic‚ Jim has co-authored three books‚ including the classic Built to Last‚ a fixture on the Business Week bestseller list for his eliminated wasteful luxuries‚ like executive dining rooms‚ corporate jets‚ lavish vacation spots‚ etc.‚ for the good of the company - to other people‚ external factors
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AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
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oyment incomeEMPLOYMENT INCOME Source of Employment Income The basis of taxation on employment income is that income from exercising an employment in Malaysia is regarded as Malaysian derived income. All income attributable to the employment exercised in Malaysia is subject to Malaysian tax irrespective of where the remuneration is paid. Where an employee is required to perform his duties outside Malaysia‚ the entire remuneration is still chargeable to Malaysian tax if the services rendered outside
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ENGL 1101 Why Companies Profits Declined Since the beginning of the last recession United States companies profits have declined drastically. Small local businesses were hurting because of the recession. Record shows “The boom in American corporate profits‚ which has far outpaced the gains in the broader economy since the end of the last recession‚ is faltering” (Schwartz). Even companies worldwide whose majorities of its customers were Americans suffered a loss. Europe economy has taken a down
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