A STUDY OF ACCOUNTING OF BANKING COMPANIES SUBMITTED IN PARTIAL FULFILLMENT OF REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION AND MASTER OF BUSINESS LAWS [pic] UNDER THE ABLE GUIDANCE OF PROFESSOR Dr. GAJENDRA MEHTA FACULTY IN CHARGE‚ PRINCIPLES OF ACCOUNTING BY Iftekhar anees M.B.A.‚M.B.L SEMESTER I NATIONAL LAW UNIVERSITY‚ JODHPUR. August‚ 2006 BONA-FIDE CERTIFICATE Certified that this study paper is the bona fide work Dr. Gajendra Mehta‚ Faculty
Premium Bank Cheque Fractional-reserve banking
A company’s fiscal year must correspond to the calendar year. T154. Accounting periods should be of equal length to facilitate comparison between periods. T155. When there is no direct connection between revenues and costs‚ the costs are systematically allocated among the periods benefitted. T156. Applying accrual accounting results in a more accurate measurement of profit for the period than does the cash basis of accounting. F157. Adjusting entries affect cash flows in the current period. T158
Premium Generally Accepted Accounting Principles Balance sheet Income statement
Ch. 5: Comprehensive Questions: Assertions 5-29 (Assertions) In planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes
Premium Balance sheet
Report to Tony Russo Impact of Tony’s new initiatives on accounting: Any significant adjustment required‚ etc. Organic Product Line- There appears to be an impairment loss which occurs in the organic Product Line. As per the case‚ approximately $5000 worth of perishable product has been discarded as it had reached the expiry date before being sold. Moreover‚ customers have indicated that they would be willing to purchase more of these products if there would be a reduction in price by 30%. According
Premium Balance sheet Contract Generally Accepted Accounting Principles
INTRODUCTION Fossil India Pvt. Ltd. is a hundred percent subsidiary of Fossil Inc. Fossil Inc. is a US based company started in 1984 which belongs to recreational goods industry. It started by selling affordable watches with a Vintage look. The company manufactures clothing‚ accessories‚ watches‚ jewelry‚ sunglasses‚ wallets‚ handbags‚ belts‚ shoes and perfumes. In watches‚ Fossil also has license business. The licensed watch lines that Fossil designs‚ manufactures‚ and distributes include
Premium License License High fashion brands
Little Drummer: Management of Billy’s made several assumptions towards its newly acquired company‚ Little Drummer Boy. Management finally adopted the assumptions that the fair value of significant assets acquired was $865 million and that of other assets was $145 million. At the same time of the acquisition‚ management also decided that useful lives of the acquired plant and equipment were 30 years and 15 years‚ respectively‚ which were different from the 20 years and 10 years useful lives for the
Premium Depreciation Asset Auditing
Short Company Introduction The company is an American multinational Corporation founded in 1964 as Blue Ribbon Sports and officially became Nike‚ Inc. in 1971 that is well-known with the swoosh logo and engaged in the design‚ innovation‚ marketing and selling of athletic footwear‚ apparel‚ equipment‚ accessories and services. The company takes its name from Nike the Greek goddess of victory. The company is renown with its slogan “Just Do It” [1] Nike products are sold all around the World includes
Premium Nike Nike Strategic management
Estee Lauder Companies‚ Inc Case Analysis Seena Nelms Strayer University BUS 490 Business Policy Estee Lauder is a New York based company who has been successful for of over 60 years‚ mainly because of its vision and mission. Estee Lauder’s vision is to bring about an extraordinary experience they call High-Touch. High-Touch is bringing the best to everything you do. Its mission is to stay committed to the highest standards of uncompromised ethics and integrity‚ by working together with
Premium Cosmetics Factor analysis The Table
__ Eckersley Service Company Income Statement For the period June 1‚ 2011 to June 30‚ 2011 Revenues Sales Revenue $7000 Expenses Wage expense $1400 Supplies expense $1000 Gas and Oil expense $ 600 Advertising expense $ 400 Utilities expense $300 Total Expenses $3700 Net Income $3300 __________________________________________________________________________ Eckersley Service Company Retained Earnings Statement
Premium Generally Accepted Accounting Principles Balance sheet
Anderson Plastics Inc. Company has a many purchasing problems and concerns. All of these problems are not directly caused my Roger Gray himself or the purchasing department. In this report I will explain these problems and recommend ways in which these problems can be resolved. One problem in this company is the lack of staff in the purchasing department. The plants number of products has increased from 250 to 550 and Roger Gray is still the only real purchasing agent for the company. I believe with
Premium Company The Extra Primary source