Chapter 1: Overview—The Financial Statements Chapter 1 introduces the four financial statements--Income Statement‚ Statement of Retained Earnings‚ Balance Sheet‚ and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business – proprietorship‚ partnership‚ limited – liability company‚ and corporation‚ are discussed
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CH3 -The accounting treatment of goodwill impairment/ detailed two-step impairment test – apart from qualitative assessment (1) if CV of reporting unit is > than FV of reporting unit‚ take step 2; if opposite‚ stop. (2) compare CV of goodwill w/ FV of goodwill; if CV is > FV‚ there might be potential impairment. CH4 -Determine the fair value of sub/the fair value of NCI – FV allocation; FV of sub = FV of CI + FV of NCI; go by mkt price if there is; use parent if there isnt -Determine goodwill
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Hello! I am going to apply to Msc Accounting and Finance Management programme. I would be grateful if you could give me feedback. :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::::::::::::: I studied a Bachelor’s degree in Accounting. During the undergraduate degree I took a variety of subjects in taxes‚ finance‚ auditing‚ economics‚ accounting and business management. Taking a variety of subjects in university allowed me to see where my
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Accounting and financial statement • Business going concern- dobry interes = IT WILL CONTINUE INTO THE FUTURE Current market value of its fixed assets is irrelevant‚ they’re not for sale. Fixed assets-środki trwałe. • NET BOOK VALUE->>Historical cost accounting = assets at original purchase price –accumulated depreciation charges. WARTOŚĆ KSIĘGOWA NETTO historyczna kalkulacja kosztów = aktywa w oryginalnej cenie zakupu-zgromadzone odpisy amortyzacyjne
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PERSONAL STATEMENT As Accounting is the language of any Business‚ means by which all kind of financial information is communicated to the users of accounts. Before making any decision we have to analyse every aspect of accounts and that is make interesting about accounts and finance. Having spent four years is my Degree course for finance and Banking I have chosen to study ACCA because I intend to further my studies towards developing a career in Accountancy. I am hoping LCA (a branch campus of
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A company had a beginning balance in retained earnings of $44‚500. It had net income of $7‚500 and paid out cash dividends of $6‚000 in the current period. The ending balance in retained earnings equals: $13‚500. $6‚000. $58‚000. $46‚000. $43‚000. Shamrock Company had net income of $37‚380. The weighted-average common shares outstanding were 8‚900. The company sold 3‚900 shares before the end of the year. There were no other stock transactions. The company’s earnings per share is: $2
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One of the most cliche statements that has ever been said is “People that you are surrounded with will make a big influence on you.” People always have a big influence on things especially other people. This connection is relevant to the characters in Make Lemonade by Virginia Euwer Wolff. The main character‚ LaVaughn is a young teen‚ whose mom is always on her back about having a good future and going to college. Which is completely opposite to Jolly‚ who is a teen mom with two kids and is learning
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The way I think of Accounting is that it is a fundamental part of our way of life. This is because I believe that every person in the world uses the principle of Accounting at least once in their lives. It can be things that they do in their daily life‚ for example‚ checking how much money they have with them‚ or how much they have spent; or they use it in businesses and large-scale transactions where it is commonly known. My main ambition for the future is to become a Chartered Accountant. I
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Statement of Purpose - Accounting In recent years‚ my native country of XXX has adapted to the trend of globalization and transformed from a low-tech manufacturing base into a technology-based economy. Growing up in such a dynamic and quickly developing economy has given me a strong interest in taking part in the business world of the future. With this longstanding interest in business‚ I am very eager to begin engaging in advanced business studies. I believe that further study in the UK is an
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interested in accounting and finance and how they operate. In China‚ my favourite TV programme is the finance programme and I enjoy international finance. I frequently worked in my mother’s company to help the staff in the accounts department. All of these have given me an understanding of accounting and finance My passion for the subject expanded when I chose accounting as part of my A-level programme. Although this subject is somewhat demanding‚ I find it extremely interesting. I believe this is the
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