Econometrics Continuous and Discrete Data What is Econometrics? Literal meaning is “measurement in economics”. Definition of financial econometrics: The application of statistical and mathematical techniques to problems in finance and accounting. Continuous data can take on any value and are not confined to take specific numbers. Discrete data can only take on certain values‚ which are usually integers Types of Data Dummy variable A dummy variable (also known as indicator
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|ADJUSTMENT FOR ACCRUALS AND PREPAYMENTS | |Learning outcome | |Explain the foundations of accruals and prepayments‚ including the nature of the resulting change in the income statement. | |Show the entries for accruals and prepayments in the journal‚ ledger and final accounts.
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Durham E-Theses Three essays in behavioural nance: An examination into non- Bayesian Investment behaviour ANTONIOU‚ CONSTANTINOS How to cite: Three essays in behavioural nance: An examination into nonBayesian Investment behaviour‚ Durham theses‚ Durham University. Available at Durham E-Theses ANTONIOU‚ CONSTANTINOS (2010) Online: http://etheses.dur.ac.uk/428/ Use policy The full-text may be used and/or reproduced‚ and given to third parties in any format or medium‚ without prior
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Chapter 3 Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority True/False Questions 1. The term‚ Fund Balance‚ is used to indicate the residual net assets of a proprietary fund. Answer: False 2. Net resources of a governmental fund represented by currently due taxes receivable is an example of a nonspendable fund balance Answer: False 3. Net resources of a governmental fund represented by prepaid insurance is an example of a nonspendable fund
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ACCRUAL BASIS OF ACCOUNTING Accrual accounting records the effect of a business transaction as it occurs. When the business performs a service‚ makes a sale‚ or incurs an expense‚ the accountant records the transaction even if it receives or pays no cash. Net income from this activity equals the amount of cash received from customers minus the amount of cash paid for raw materials‚ labor‚ and the services of production facilities. If the entire operating cycle occurred in one accounting period
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hit its target. Yes‚ in 2009 the company tripled their goal of 10% annual growth. Pass years they where under 10% annual growth. In 2009 the company achieved a growth of 35.71% therefore making its target. Part 2 1. Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip’s Consolidated Statement of Operations for the period of September 26‚ 2008 through September 25‚ 2009. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure. Micro Chip
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Transition to the Accrual Accounting The transforming from cash basis accounting to accrued accounting are associated with several general issue which including factor influencing the nature and speed of the transition‚ options in respect of the transition paths‚ and the management of the transition process. The factors that may influence the nature and speed of the transition to accrual accounting which the system of government and the political environment are the major basic requirement. Beside
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Cash vs. Accrual Accounting Learn which accounting method is better for your business. RELATED PRODUCTS MORE >>[->0] [->1]&&[->2] Legal Forms for Starting & Running a Small Business[->3] [->4] Quicken Legal Business Pro 2013[->5] [->6] Independent Contractor Agreement for Software Consultant (for Firm)[->7] [->8] Invoice[->9] #right_col #afcSlot_0{height:auto !important;}.googleAdBlock{height:auto !important;} Related Ads Ads by Google[->10] SimplyCash® Business Card[->11]
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transparency of transactions‚ to increase the reliability of proper uses of fund‚ to know the financial capacity of operations‚ like business enterprises‚ nonprofit organizations also have to prepare their financial statements after the end of an accounting period regularly. Nonprofit organizations operating in Bangladesh are also to prepare their financial statements. In this project paper it is shown based on case study of Dhaka University and Badhon whether these two organizations comply with
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