THE JOURNAL OF ACCOUNTING ANAN Volume 1‚ No 1‚ March 2009 Published by: Nigerian College of Accountancy‚ Jos Postgraduate Professional College and Training Arm of ANAN ...Advancing the Science of Accountancy EDITORIAL BOARD Prof. Edet Robinson Iwok‚ Ph.D‚ FCNA Prof. A. A. Okwoli‚ Ph.D‚ FCNA Prof. Abimaje Akpa‚ Ph.D‚ FCNA Prof. B. C. Osisioma‚ Ph.D‚ FCNA Prof. Edet B. Akpakpan‚ Ph.D‚ FCNA‚ Prof. A. C. Ezejulue‚ Ph.D‚ FCNA Prof. A. S. Mikailu‚ Ph.D‚ FNIA Chairman‚ Education‚ Training
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Third Party Proceedings – O 16 • Third party notice – O 16 r 1 • Application for leave to issue third party notice – O 16 r 2 • Issue‚ service of and entry of appearance to third party notice – O 16 r 3 • Third party directions – O 16 r 4 • Default of third party – O 16 r 5 • Setting aside third party proceedings – O 16 r 6 • Judgment between defendant and third party – O 16 r 7 • Claims and issues between a defendant some other party – O 16 r 8 • Claims by third and subsequent
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change his attempt into success he needs detailed planning and systematic preparation. Those persons who do not think in advance of their future and do not plan their course of action are liable to fail in life. The career I choose is to be a Certified Public Accountant but there is a lot of research beside my decision which answers why I want to become a CPA and how I can become a CPA. “Never call an accountant a credit to his profession; a good accountant is a debit to his profession” (Charles
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define accounting. What are the three main characteristics of accounting? Is accounting static or dynamic? Accounting collects‚ analyzes‚ measures and records financial information about an organization and reports that information to stakeholders and decision makers. Accounting has 3 essential characteristics. Accounting is the (1) identification‚ measurement‚ and communication of financial information about economic entities to interested persons. Like social sciences‚ accounting is largely
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inAccounting information helps users to make better financial decisions. Users of financial information may be both internal and external to the organization. Internal Users of accounting information are those individuals directly involved in managing and operating an organization and users within the company. They include managers‚ internal auditors‚ sales staff‚ budget officers‚ controllers‚ officers‚ directors‚ and other important internal decision makers. Internal users make the strategic and operational
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Historically‚ the United States has seen and become a custom to a two-party political system. Typically a person identifies with a Republican or Democrat. That is not to mean that those are the only two parties‚ however. Third Parties are influential on the political aspect as well. They may not be as heavily represented‚ but they can be influential on political issues‚ and even benefit to the Republican and Democratic parties. Third parties bring something else to the ballot. They create an outlet for those
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Financial Statement Analysis Financial Statement Analysis The financial health of an organization can be evaluated using ratio analysis. A comprehensive review of Landry’s Restaurants‚ Inc using their 2003 Annual Report will use seven different ratios calculated from Landry ’s financial statements. The ratio analysis will test the profitability‚ liquidity‚ and solvency of the company. Liquidity ratios measures the "short-term ability of the enterprise to pay its maturing obligations
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12 Accountant’s Liability to Third Party Table Of Contents Introduction 2 The Ultramares Doctrine 3 Foreseen Users 5 Auditors Defenses against Third Party Suits 8 The Impact of the Doctrine 10 Conclusion 11 References 12 Introduction This purpose of this research paper is to provide information about the importance of accountant’s liability to third party. In 1931‚ the case of Ultramares Corporation v. Touche brought about
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Multiple choice Ch13 Liabilities TRUE-FALSE—Conceptual 1. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized. 2. Dividends in arrears on cumulative preferred stock should be recorded as a current liability. 3. Magazine subscriptions and airline ticket sales both result in unearned revenues. 4. Discount on Notes Payable is a contra account to Notes Payable on the balance sheet. 5. All long-term
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CHAPTER 1 FInANCIAL ACCOUNTING AND ITS ECONOMIC CONTEXT ISSUES FOR DISCUSSION ID1–1 Security analysts and stockholders: These users would use financial statements to try to estimate the future earnings and cash flow potential of the company‚ which would be used to project a value for the company’s stock. Bank loan officers: These users would use the financial statements to determine the ability of a company to repay loans to the bank. A company’s
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