I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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A Case study on Cardinal Health Inc Submitted by: Sadikchya Acharya Business strategy International American University Kings College Bizulli Bazaar‚ Kathmandu Nepal Submitted to: Prof. Raj Kumar Sharma Introduction and Background The case introduces us to the Cardinal Inc which for now is the leading manufacturer in the products of medical it has its own pharmaceuticals. Company is one of the fortune 500 companies the head office is in Dublin‚ Ohio. So‚ talking about pharmaceuticals and
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IntroductionLinda Best‚ a Certified Financial Planner (CFP) from Sarnia‚ Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1‚ 2001. Sarnia‚ the largest city in South Ontario‚ bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia
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BSA/500 Calculate Financial Ratios Riordan Manufacturing’s Calculated Financial Ratio Current Ratio The current ratio is the measure of the degree to which current assets cover current liabilities. A ratio of more than one suggests that it can pay most of its debts at that point in time. The ability to effectively turn products into cash is a good sign of a company ’s financial state. Current assets $14‚589‚092.09 * $14‚643‚456.43 * Current liabilities $6‚974‚094 $6‚029‚696 Current
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An Analysis of the Financial Statements of Apple Intermediate Accounting III INTRODUCTION I chose Apple for my course project mainly based on the fact that they release all their records to the public and they have excellent accounting practices. Their paper work is easy to read and follow and based on their records they have an endless amount of revenue in the billions. As we have discussed about Apple in class I was very intrigued how they looked in the books on a specific level of detail
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QUOATATION A formal statement of promise (submitted usually in response to a request for quoatation) by potential supplier to supply the goods or services required by a buyer‚ at a specified prices‚ and within a specified period. It’s a document that explains about a project and its requirements to the intending bidders. Sent by the supplier to the buyer INVITATION TO TENDER A request to tender is a document that invites offers from suppliers to provide a specified good or service Used when approaching
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1. Comprehensive exercise to calculate variances: Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: a. Compute the materials quantity variance. 15‚600 F b. Compute the materials price variance. 44‚100 * 0.1 = 4‚410 F c. Compute
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right measure and proportion. Excess or defect is a departure from virtue. For these reasons‚ the Four Cardinal Virtues exist. The four cardinal virtues of Prudence‚ Justice‚ Fortitude and Temperance are interconnected. This means that if you do not possess one of them‚ all the others are spoiled‚ and so you do not possess virtue at all. Prudence is the most important of the four cardinal virtues. The most important part of prudence is knowledge. Thomas Aquinas lists many different components
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Mowing" (1913) As the narrator works in the field on a hot day‚ he notices that his scythe seems to be whispering as it works. The narrator is unable to hear what the scythe is saying‚ and he admits the possibility that the whispering sound is simply his imagination or even the result of heatstroke. He eventually concludes that the scythe is expressing its own beliefs about the world. Instead of dreaming about inactivity or reward for its labor as a person would‚ the scythe takes its sole pleasure
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Company Background Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) designs‚ manufactures and markets mobile communication and media devices‚ personal computers‚ and portable digital music players‚ and sells a variety of related software‚ services‚ peripherals‚ networking solutions‚ and third-party digital content and applications. The Company’s products and services include iPhone ® ‚ iPad ® ‚ Mac ® ‚ iPod ® ‚ Apple TV ® ‚ a portfolio of consumer and professional
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