CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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FACULTY OF BUSINESS AND MANAGEMENT MAY 2014 OUMH1103 LEARNING SKILLS FOR OPEN DISTANCE LEARNERS TABLE OF CONTENT CONTENT PAGE 1 Introduction 3 2 Study Skills 4 3 Conclusion 8 4 References 9 1.0 Introduction “Children must be taught how to think‚ not what to think.” ―Margaret Mead. In this fast
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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IMPORTANT SKILLS FOR WORKPLACE Important skills for the workplace today Nguyen Dang Dinh Van Kaplan University Dip FM 1888. Class 18B SSPDP Ms. Deepa Pillai September 30‚ 2010 Important skills for the workplace today Nowadays‚ workers are being requested getting more and more challenges and difficulties in every aspects of working environments. Employers are looking to people who have special skills which can apply directly to many different tasks. Therefore‚ people have
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Skills and Competencies Patricia Rosemond Elms College Skills and Competencies Nurses for the future-Communication Many people refer to their strong communication skills‚ but communication is really a competency that relies on a combination of certain skills‚ behavior and knowledge. To communicate effectively a person may need to understand cultural diversity‚ have advanced language skills‚ and behave with patience. Interpersonal communication is essential in every area of life‚ but it especially
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Human Skills Definition: Human skills can be defined as a manager’s ability to interact and work well with others. (Satterlee‚ PG 12) Since managers get things done through people‚ it is imperative that they have communication and motivational skills. Summary “Poor managerial skills can defeat the most successful activities and in many cases can lead to the demise of the organization” (Martin Hahn 2007) Robert L. Katz suggests that three important managerial skills that must be cultivated
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running a company‚ such as controlling‚ leading‚ monitoring‚ organizing and planning. To achieve good Business Management‚ we must have four good management skills approach including Conceptual Skills‚ Technical Skills‚ Interpersonal Skills and Political Skills. Let us try to discuss this topics as below. Conceptual Skills The Conceptual Skills which is the ability to think creatively about‚ analyze and understand varying degrees of complexity in specific situations‚ and reduce the complexity level
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independently. Each job function requires input from staff members‚ therefore its vital that a well-integrated communication process is implemented. A couple of key reasons why this is essential for health care organizations (1) to improve patient’s satisfaction and (2) reduce medical errors. An article on communication states “Integrated communication is a concept that makes sure that all the communication forms and the messages are interrelated and work together in harmony” (Grigorescu & Lupu‚ 2015). Patient
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What is softskills? Soft skill is the ability required and expected from persons for finding a suitable job‚ its maintenance and promotion. Softskills is an important facet of life. It is essential in all spheres of life. Be it an interview or dealing with the project leader or working out a solution with a team or writing a report‚ getting across the point effectively is what matters. The success of an endeavour hinges on the ability to communicate effectively in today’s fast paced life‚ everyone
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SOFT SKILLS Soft skills is a term often associated with a person’s "EQ" (Emotional Intelligence Quotient)‚ the cluster of personality traits‚ social graces‚ communication‚ language‚ personal habits‚ friendliness‚ and optimism that characterize relationships with other people. Soft skills complement hard skills which are the occupational requirements of a job and many other activities. They are related to feelings‚ emotions‚ insights and (some would say) an ’inner knowing’: i.e. they provide an important
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