3101AFE Accounting Theory and Practice Tutorial Questions for Tutorials 1- 6: Semester 2 2014 TUTORIAL 1 - Semester 2 2014 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 - Question 1.8: What is the difference between developing a theory by induction and developing a theory by deduction? QUESTION 2 - Question 1.9: Is the study of financial accounting theory a waste of time for accounting students? Explain your answer. QUESTION 3 - Question 1.26: Would you
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Hollywood Accounting Despite the many copyright infringement accusations and the recent economic recession‚ the Hollywood box office remains a multi-billion dollar industry. If it is unarguably profitable and healthy then how do highly acclaimed feature presentations such as Harry Potter‚ My Big Fate Greek Wedding‚ Lord Of The Rings‚ Who Wants To Be A Millionaire‚ Forest Gump and Nash Bridges report incredible losses of up to $167 million? The answer is Hollywood Accounting and it basically consists
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Responsibilities Coal projects have numerous environmental and social costs that need to be fully accounted Without accounting for all associated costs‚ an effective evaluation of viable alternatives is impossible. The Energy Strategy must provide for full cost accounting for coal and other energy Industry Life cycle Cost Analysis which is very important issue for Coal Industry (for mining‚ processing‚ transportation‚ combustion‚ and storage). Adequate energy planning requires an accurate
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executive level management of the company. This will be carried out by successfully managing the team and establishing team work‚ unity and cohesion amongst the group. The team I am charged to lead consist of three people‚ Lamar Coleman‚ Katrina Self and myself. This is somewhat smaller than most teams‚ which could have its advantages and disadvantages. It’s important to address the personality make up of the team in order to understand how this will come together. Everyone in the company‚ upon employment
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Conflict in teams can have an adverse effect on a team’s performance. As a project manager‚ it is imperative to manage conflict and handle matters before they become unmanageable. When conflict occurs‚ the trigger or event could be very minor and seem insignificant at the time. However‚ if the conflict is not resolved quickly‚ it could build up over time‚ creating a snowball effect. When this happens‚ it’s a matter of time before the conflict reaches a tipping point and emotions flare up.
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THE ACCOUNTING EQUATION The accounting equation can be described as of the basis of accounting. This is because it describes the double entry principle of book-keeping. It is a representation of how funds are raised to finance Assets. The equation is illustrated below: Asset = Capital + Liabilities For example‚ a girl needs to buy a laptop costing £500. She already had £250 in personal savings and then took a loan of £250 from her boyfriend. Here is the equation again: Asset Capital
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1 * Germany 2 * Japan 2 Hofstede’s cultural dimensions 2 Accounting Practices predictions 3 Opacity Impacts on Business Investments 4 Limitations in Financial Reports‚ with respect to Ratios and Accounting Practices 4 Conclusion 5 Recommendations 5 Appendix 6 Appendix 1 – Development factors of UK‚ Germany and Japan 7 Appendix 2 – Hofsted’s social dimension model 9 Appendix 3 – Gray’s Accounting Values 9 Appendix 4 – Strength and Weaknesses of Hofstede’s Model 11
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Origins All types of businesses‚ whether service‚ manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚
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What is Forensic Accounting? The integration of accounting‚ auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic"‚ according to the Webster’s Dictionary means‚ "Belonging to‚ used in or suitable to courts of judicature or to public discussion and debate." "Forensic Accounting"‚ provides an accounting analysis that is suitable to the court which will form the basis for discussion‚ debate and ultimately dispute resolution. Forensic Accounting encompasses both
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198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
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