Financial Statements Paper Aja Raineri‚ Andrew Tondre‚ Mina Parvinchi‚ Tracy Treadwell‚ Mildred Treadwell MGT/307 July 26‚ 2010 Dr. Aaron Cuevas DISC Platinum Rule Assessment In today’s organizations behavioral styles plays an important factor in the workplace. Behavioral styles differ according to different types of cultures and people blending in the workplace. In Team B‚ each member examines his or her own behavioral style. The team consists of four behavioral styles;
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started back in 1984 in round rock‚ Texas by the current CEO Michael dell. In 2007 the company was pushed to announce that their financial statement were misleading and misstated‚ they announced that they were overstating the revenues between the years 2003-2007. At that time PWC was the independent auditor for dell. PWC gave an unqualified report on dell’s financials for the years 2003-2005 (Mergent‚2007) ‚ PWC discovered the fraud in 2006 audit after reviewing the internal auditor’s report‚ the
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documents might be drafted by the company’s lawyer. Financial Documents - A business uses financial documents to stay within its budget‚ prepare budget proposals and file tax returns. These documents include receipt records‚ payroll reports‚ paid bills‚ bank statements‚ income statements‚ balance sheets and tax reporting forms. These documents may be prepared by the company’s accountant. A business owner uses these documents to determine the financial success of the company and to identify areas that
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to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming‚ but very rewarding. People who work in this career investigate white collar crimes such as company fraud‚ fraudulent financial record reporting‚ and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills
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CHAPTER 5—BASICS OF ANALYSIS MULTIPLE CHOICE 1. Statements in which all items are expressed only in relative terms (percentages of a base) are termed: a. Vertical Statements b. Horizontal Statements c. Funds Statements d. Common-Size Statements e. none of the answers are correct ANS: D PTS: 1 2. In financial statement analysis‚ ratios are: a. the only type of analysis where industry data are available b. absolute numbers converted to a common base c. fractions usually expressed in percent
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Accounting Cycle Paper Acc 421 Date Accounting Cycle Paper Accounting is a financial information system designed to record‚ classify‚ report‚ and interpret financial data. The accrual concepts states that accounting income is measured by matching the expenses incurred in a given accounting period with the revenues earned in that period. The accounting cycle is 6 steps. The accounting cycle is a logical series of steps that accountants follow to keep necessary accounting records
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OF CREATIVE ACCOUNTING ON FINANCIAL REPORTING AND DECISION MAKING. (A Survey of Selected Financial Institutions in Nigeria)-jetibensi@yahoo.com By: Jackson Etibensi A Concept Note Submitted to the University of Calabar‚ Graduate School as Prerequisite for Admission into MSc. Accounting‚ Faculty of Management Sciences. INTRODUCTION: Financial Statements provides information that is used by interested parties (users) to assess and appraise the performance and financial Status of managers and the
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Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy‚ with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers‚ including attracting foreign
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International Journal of Business and Management December‚ 2009 Problems of Adoption and Application of International Financial Reporting Standards (IFRS) in Bangladesh Sumon Bhattacharjee (Corresponding author) Department of Business Administration‚ East West University 43-46 Mohakhali C/A‚ Dhaka‚ Bangladesh Tel: 88-17-1285-9617 E-mail: sumon@ewubd.edu Muhammad Zahirul Islam Department of Business Administration‚ East West University 43-46 Mohakhali C/A‚ Dhaka‚ Bangladesh Tel: 88-17-1665-3964
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Management Skills & Entrepreneurship(MSE) How to answer the financial section of the MSE module? a.) If it is a new business‚ the financial analysis is as follows; • Prepare an income & expenditure statement for the next 12 months only! What is Income? 1. Any cash received may or may not be regarded as income. Cash received for current year is regarded only as income. 2. It is confined to current accounting year only. 3. It is of revenue nature only. 4. In case of income cash may not
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