“WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises‚ management of companies‚ analysts‚ creditors‚ inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets‚ the liabilities and owner’s equity. The assets are resources controlled by the enterprise
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maximize shareholders wealth means to maximize purchasing power. Throughout the years‚ we have learned that markets are most efficient when the company is able to maximize at the current share price. Every company’s main goal should be to strive to maximize its value to every single one of their shareholders. Common stock represents the value of the market price‚ and it also gives the shareholder an idea of the different investment‚ financing‚ and dividend decisions made by that particular firm
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accounts payable owed as of the balance sheet date are included in the financial statements- Completeness(Do the balances contain all transactions for the period) 3. All purchase returns recorded in the general ledger are valid- Existence/Occurrence(Do the recorded accounts represent valid liabilities at the balance sheet date) 4. There is a risk that purchases made in the last week of the month might be recorded in the following period- Completeness(Do the balances contain all transactions for
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Coca Cola Company Balance sheet As at Dec 31‚ 2012 (millions) Assets Current Assets Cash 8‚442 Short-term Investments and Marketable Securities 8‚109 Inventories 3‚264 Prepaid Expenses 2‚781 Other Current Assets
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UNIT - 3 Electronic Payment System Contents • What is E-payment? • Types of E-payment Systems • Digital Token-based Electronic Payment Systems • Smart Cards & Electronic Payment Systems • Credit Card-based Electronic Payment Systems • Risk & Electronic Payment Systems • Designing Electronic Payment System What is E-payment ? • E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. • EFT defined as “ any transfer of fund initiated
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TOURISM STUDIES DEPARTMENT OF ACCOUNTING ACC501: COMPUTERISED ACCOUNTING MAJOR GROUP ASSIGNMENT: 15% Trimester 1‚ 2013 Total Marks: 50 Due Dates: 2nd April‚ 2013 Instructions: 1. You are required to do this assignment in pairs (2 people) and submit one copy of assignment on due date‚ (2/04/2013). 2. Any assignment submitted after due date will not be marked. 3. Students unable to find group partners should inform unit coordinator by end of week 6. 4. All questions are compulsory
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Common law evolved over time as a judge made law (according to doctrine of precedent.) In common law the king was the head of the government. Common law was the law administered by the royal courts and as such a more standardised set of rules based on customary law was gradually enforced throughout the whole of England and countries derived from England. E.g. Australia‚ Canada New Zealand and the United States Common laws rules were too broad to deal with governing a society as complex as England
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Analysis of balance sheet and profit and loss account The whole industry that we have developed considers three companies. Confidence‚ Lafarge surma and the other one is Heidelberg cement. Considering the four year balance sheet and income statement we have got the account for the whole industry. In the horizontal and vertical analysis of the balance sheet we can get the picture of the overall industry. The company Heidelberg cement is increasing its Current Asset account not in terms of receivables
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Electronic Display System Contents • Electronic Flight Information Systems (EFIS) • Primary Flight Display (PFD) • Navigational Display (ND) • Engine Indication and Crew Alert System (EICAS) • Cathode Ray Tube (CRT) • Liquid Crystal Display (LCD) • Light Emitting Diode (LED) Electronic Flight Information System • An Electronic Flight Information System (EFIS) is a flight deck instrument system in which it uses electronic to display instead of electromechanical. • The Electronic system display
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In 1993‚ the Tucker Company underwent an extensive reorganization that divided the company into three major divisions. These new divisions represented Tuckers three principal product lines. Mr. Harnett‚ Tuckers president‚ explained the basis for the new organization in a memo to the board of directors as follows The diversity of our products requires that we reorganize along our major product lines. Toward this end I have established three new divisions commercial jet engines‚ military jet engines
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