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
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PROBLEM SET 1 - SOLUTION PROBLEM 1 Part A - Record a liability (and expense) for $800‚000 in 2009. Since the loss has been recorded‚ we don’t have to disclose it. However‚ if the possible loss exceeds $800‚000 (or if the probable loss was a range and we only recorded the minimum) then we need to disclose. Part B - If only 80% of the cans were sold before 12/31/09‚ then record a liability of $640‚000. The recall of the cans sold in 2010 would be disclosed as a subsequent event. Part C - Disclose
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August 25‚ 2009. Factors influencing the multinationals and local companies for the market position. INTRODUCTION Couple of years before the policy maker decided to lower down the tariff barriers and to give permission for foreign investment. Multinational companies have started rushing into countries where they wanted to achieve the market position (Arindam K. Bhattacharya and David C. Michael) The entry of multinationals is good for the country as they bring with them newly products
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change in exchange rates but not due to be settled until after the exchange rates change. So it deals with changes in cash flows that results from existing contractual obligations. b. Translation exposure Translation exposure is the potential for accounting-derived changes in owner’s equity to occur because of the need to "translate" foreign currency financial statements of foreign subsidiaries into a single reporting currency to prepare worldwide consolidated financial statements. c. Functional
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of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received in advance by a magazine company. Because the company owes something‚ the unearned revenue is recorded as a liability. 3. Non-cash: These
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Multinational Acquisition Alice O. Perry ACC 401/ Advance Accounting Professor: Robert Neely Strayer University November 30‚ 2012 Microsoft acquired Skype‚ the leading Internet communications company‚ for $8.5 billion in cash from the investor group led by Silver Lake on May 10‚ 2011. The acquisition has increased the accessibility of real-time video and voice communications‚ bringing benefits to both consumers and enterprise users and generating significant new business and revenue
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Assignment Problem Set includes overview of these exercises: C: 9-35 Allocation of Precontribution Gain Solution C: 11-45 Use of Losses by Shareholders Solution C: 10-4 Discussion C:11-47 Problem Post-Termination Loss Use Solution Business - Accounting Complete the problems found in Ch. 9‚ 10‚ 11 of Federal Taxation 2010: Corporations with your Learning Team . C:9-32 Problem – Partnership Income and Basis Adjustments (Ch. 9) C:11-37 Problem – Determination
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Question 1: As Multinational Corporations (MNCs) have become a growing force in world trade they have attracted supporters and critics. Briefly discuss the arguments put forward by both sides. Explain how the WTO Organisation assists in managing world trade. Advantages and disadvantages of MNC’s: Advantages: • MNC’s impact on host country: • Capital Formation (money which comes into the country) • Technology transfer • Regional and sectoral development • Internal Competition and Entrepreneurship
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A COMPREHENSIVE ACCOUNTING CYCLE PROBLEM On December 1‚ 2009‚ John and Patty Driver formed a corporation called JP Equipment Rentals Co. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It‚ an equipment rental company that was going out of business. The newly formed company uses the following accounts: |Cash |Income Taxes Payable
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Multinational Financial Management – Corporate Finance CEMS Elvira Sojli RSM Erasmus University Department of Finance esojli@rsm.nl Almost tautologically‚ international finance selects from the broad field of finance those issues that have to do with the existence of many distinct countries. The fact that firms operate in countries which operate as separate entities severely complicates a CFO’s life. Some‚ but by no means all‚ of the issues that arise due to multinational operations are:
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