Intermediate Level of education: The students are promoted to intermediate level after passing the metric education. Upon successful completion to grade 11 and grade 12 examination by the BISE‚ students are awarded the Higher Secondary School Certificate (HSSC). The education is also known as the intermediate education which is from 11th to 12th class. In this education the student decide the future plans of him that whether he has to study the engineering‚ medical or arts subjects. The intermediate
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AC301: Intermediate Accounting II CPA Exam and Qualifications Wendy Roy 10/20/2014 I went and visited a few websites to understand completely California laws for the CPA‚ some of the websites I visited were; California Board of Accountancy‚ CalCPA‚ and This Way to CPA. These websites gave insight to the education standards that California requires before taking the exam. There are many different advantages to becoming a CPA board member‚ some of these advantages are; salary‚ demand‚
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Intermediate Accounting E2-1 a. True b. False – General-purpose financial reports also assists other people who don’t have the authority to demand financial information they need and so must rely on the information in financial reports. c. False – standards that are based on individual conceptual framework will result in different conclusions being drawn on similar issues‚ and thus would not be consistent and comparable. d. False – General purpose financial reports are also beneficial
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1. What is the FASB Accounting Standards Codification? The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities. 2. When did the codification become effective? The Codification is effective for interim and annual periods ending after September 15‚ 2009. 3. The FASB had three primary goals in developing the Codification. Identify them. a.
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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COMPREHENSIVE EXAMINATION E PART 5 (Chapters 18-21) Approximate Problem Topic Time E-I Long-Term Contracts. 15 min. E-II Installment Sales Method. 20 min. E-III Deferred Income Taxes. 25 min. E-IV Pensions. 15 min. E-V Leases. 25 min. 100 min. Problem E-I — Long-Term Contracts. Edwards Company contracted on 4/1/14 to construct a building for $2‚400‚000. The project was completed in 2016. Additional data follow: 2014 2015 2016 Costs incurred
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Name Chapter 4--Profitability Analysis Description Instructions Modify Add Question Here Question 1 Multiple Choice 0 points Modify Remove Question One important difference between return on assets (ROA) and return on common shareholder’s equity (ROCE) is Answer ROA does not differentiate based on how a company finances its assets‚ ROCE does. ROA does not distinguish between the different types of income items‚ such as income from continuing operations‚ discontinued
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Question 1. (AQA June 2003 Intermediate Paper 1) The diagram represents a solid made from 9 small cubes (a) On the grid below‚ draw the solid from direction A [2 marks] (b) On the grid below‚ draw the solid from direction B [2 marks] Question 2 (AQA November 2003 Intermediate Paper 1) The diagram shows a solid shape made from 8 cubes. [2 marks] Complete the plan view of the solid on the grid below. Question 3 (AQA November 2005 Intermediate Paper 1) This 3-D solid is
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output in the national income accounts (The market value of goods and services produced by labor and property located in the US) VALUE ADDED: Sales – Intermediate goods Intermediate GOOD: is a good used in production of another good. Some goods can be both final goods and intermediate goods. (EX: Final: Potatoes sold directly to consumers/ Intermediate: Potatoes used to produce potato chips) 2. Nominal and Real GDP Nominal: sum of quantities of final goods produced times their current price. Nominal
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BRIEF EXERCISES Brief Exercise 4–1 PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31‚ 2013 ($ in millions) Revenues and gains: Sales .................................................................. Gain on sale of investments ............................. Total revenues and gains .............................. $2‚106 45 2‚151 Expenses and losses: Cost of goods sold ............................................ Selling..............................................
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