Chapter 8 Segment and Interim Reporting Chapter Outline I. FASB Accounting Standards Codification Topic 280‚ Segment Reporting (FASB ASC 280)‚ provides current guidance on segment reporting. A. ASC 280 follows a management approach in which segments are based on the way that management disaggregates the enterprise for making operating decisions; these are referred to as operating segments. B. Operating segments are components of an enterprise which meet three criteria. 1. Engage in business
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Case 13 analysis Du Kun This case mainly tells us several problems of a company named Family Medical Group. Bill Maron is the president of the company. The original company called Family Medical Distribution which was created by the grandfather of Bill’s wife Helen. After her grandfather was dead suddenly in 1968‚ Bill was persuaded by his father-in-law and purchased this company. At the beginning of the first few years‚ it was a tough time to Bill. The organizational structure
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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Accounting Regulatory Bodies The success of an organization relies heavily on accounting. Investors are extremely important to publicly traded companies‚ and they rely on accurate accounting documents when choosing whether or not they want to invest in a company. Several accounting regulatory bodies exist‚ and each of them plays an important role in accounting and the effects that accounting has on an organization. The primary goal of these regulatory bodies is to establish a set of rules and
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CHAPTER 8 Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Inventory accounts; determining quantities‚ costs‚ and items to be included in inventory; the inventory equation; balance sheet disclosure. Perpetual vs. periodic. Recording of discounts. Inventory errors. Flow assumptions. 10‚ 11 7 12‚ 13‚ 16‚ 18‚ 20 4 5‚ 6‚ 7 Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 8‚ 9 Brief Exercises 1‚ 3 Exercises 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 10 Problems 1‚ 2‚ 3 Concepts for Analysis 1
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hours……………………….….11 5.3.2.3 Arrangements in the following weeks…...……………………….....12 5.3.2.4 Arrangements after the third-party investigation………………....…..13 5.4 Communication channels…………...…………………………………….16 6. Training……………………………………………………………………..19 7. Rehearsals……………………………………………………………….….19 Appendix…………………………………………………………………...…20 1. INTRODUCTION This contingency plan is prepared to eliminate or reduce damages from crises that influenced Hong Kong Baptist University (HKBU) or incidents that trigger potential
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Implementation‚ Strategic Controls‚ and Contingency Plan Tonya Starks STR/581 December 8‚ 2014 Instructor: Braford James Abstract Apple Inc. is a global innovator of the MacBook‚ tablets‚ iPhones‚ iPods‚ and other innovative products. Apple is the leader in the electronic market sector for innovative product growth and development. The implementation plan will explain the strategic controls and contingency plan for the organization along with an implementation process. This will allow
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Contingency Factors Podcast Transcript Speakers: Diane‚ Scott‚ Elizabeth Reeves Fidler Diane: Hey everyone‚ welcome to the podcast where we talk in detail about management and business principles that YOU need for success. Scott: Welcome to this week’s podcast and we have for you - Plan B! Diane: You mean we’re not going to discuss contingency factors in planning? (laughter) Diane: Never mind – of course! Contingency factors - also known as ‘Plan B’ Scott: That’s the one. That plan we’ve
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True to Myself Ethney Gentry is for a midsized Tulsa-based oil company where she believes that the main reason as to why she is being hired was because of her gender. After having a meeting with Alexis‚ the first female manager at the company‚ she realizes that to get promoted at this company she may have to change the way she behaves. Alexis‚ who now goes by Alex to fit in with the boys‚ was in a similar situation when she started at the company and was passed over and ignored simply because she
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5. Theoretical Contingency Framework 5 Theoretical Contingency Framework Having clarified the EPs’ development in the previous chapter‚ this chapter presents the theoretical framework that was developed to guide the data collection‚ analysis‚ and performance evaluation presented in the subsequent chapters. We first introduce structural contingency theory and its underlying assumptions. Specific attention will be given to the “patterned systems” approach (Van de Ven and Ferry 1980) which will
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