...“Why is accounting for construction contracts and for leases often perceived to be contentious, difficult and a source of opportunity for the manipulation of financial statements. To what extent do IAS 11 and IAS 17 resolve these issues? What can you tell us about any anticipated changes to International Accounting Standards in respect of construction contracts and leases and about how such changes may impact upon Brick to Brick PLC?” In order to explore the reasons companies distort their financial statements, we would first need to understand the importance of financial statements and why the utmost care needs to be observed when preparing them. Financial statements are official records of the financial activities and position of a business or other entities. These statements should be presented at the end of each financial year by the board of directors in a structured manner and should be easy to understand as the statements will be incremental to decision making. Statement of Financial position and Income statements are examples of financial statements. Having accurate statements serves to signal future performance by indicating how the firm might perform over the next financial year. It also helps to monitor budgets, revealing how much wiggle room the company has so they don’t end up making losses and most importantly, financial statements are released to the general public especially potential investors and shareholders. Often, preparers of these statements distort...
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...Public Disclosure Authorized Report No. 60155-BD Introducing Energy-efficient Clean Technologies in the Brick Sector of Bangladesh June, 2011 Public Disclosure Authorized Environment, Climate Change, and Water Resources Unit South Asia Region Public Disclosure Authorized Public Disclosure Authorized The World Bank 1818 H Street NW, Washington DC, 20433, USA Tel: 202.473.1000 Fax: 202.477.6391 Energy Sector Management Assistance Program (ESMAP) 1818 H Street, NW Washington, DC 20433, USA Fax: 202.522.3018 All rights reserved Manufactured in the United States of America First printing August 2011 Copyright © 2011 Standard Disclaimer This volume is a product of the staff of the International Bank for Reconstruction and Development/the World Bank. Energy Sector Management Assistance Program (ESMAP) reports are published to communicate the results of ESMAP’s work to the development community with the least possible delay. Some sources cited in this paper may be informal documents that are not readily available. The findings, interpretations, and conclusions expressed in this report are entirely those of the author(s) and should not be attributed in any manner to the World Bank, its affiliated organizations, members of its board of executive directors for the countries they represent, or to ESMAP. The World Bank and ESMAP do not guarantee the accuracy of the data included in this publication and accept no responsibility whatsoever for any consequence...
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... 3. Accounting Information System 4. Finance Information System 5. POM Information System 6. Marketing Information System 7. Human Resource Information System 8. Reference SCENARIO: I and my business partner are considering starting a small, brick & mortar, nostalgic record store. My friend does not have much experience with information systems or technology, and needs a basic understanding of the different types of information systems available to businesses. In this paper I will give a proposal of the types of information systems that would work well for my business, and their benefits and drawbacks. 1. ACCOUNTING INFORMATION SYSTEM When you hear the word accounting you immediately think of numbers, various paper ledgers, journals and long hours of work. That was years ago, today business owners and managers review their company's financial information using a new cost efficient technique that has improved financial information reporting. The Nostalgic Record Company will use automated function computers servers and intranets for electronically processing financial information. The system will allow our company to collect and gather financial information in a real-time format. This will ensure that our company has the most up-to-date information when making business decisions. The accounting information systems will...
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...Accounting Cycle Paper Sharon Anderson ACC/421 Intermediate Financial Accounting 1 October 20, 2015 Terrice Watson Accounting Cycle Paper We live in a world where competition and technology is a critical element in the advancement of global marketing; in light of that, everything is moving in such a rapid pace. If you have any type of smart device you can do just about anything; online banking, shopping, and Skype (free communication calls via internet). More importantly, E-commerce is taking over the way shoppers purchase goods; the traditional brick and mortar buildings are becoming a thing of the past; that is to say, many people are enjoying the freedom of “virtual” shopping from their homes. This is all possible due too the invent of both computers and the Internet. That said, you could find a computer software application to assist you with doing just about anything. Many small businesses use apps like QuickBooks to help reconcile the books; Accounting is another word for doing this task, keeping the books. In other words, the primary goal of Accounting is to record, sort, retrieve, summarize, and store data in a useful format for both internal and external users; allowing them to make knowledgeable decisions. Accountants provide the users with data in the form reports and analysis; this data can be used by entities such as banks, creditors, and investors. Let’s discuss how the Accounting cycle or process is used within my organization. Accounting in its simplest...
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...presentation in conference. Sub-themes are only indicative, papers on other related areas of management can also be submitted. The first page of the paper should have Title of the Paper, the name of the author (s) and complete mailing address. Length of paper should not be more than 3000 words, using MS-Word with Times New Roman Font Size 12 points and 1.5 Line spacing with 5-6 keywords. The participants are requested to forward the abstract and full papers via soft copy at the email id: conferencemgc2016@gmail.com LCD projector/Laptops will be provided for the presentation. Authors will be given time for paper presentation by keeping in view the whole management of event. Submission of Abstract Submission of full Length Paper th : 28 January, 2016 SRI FATEHGARH SAHIB "To Strive, To Seek, To Find & Not to Yield" ORGANIZING COMMITTEE CONFERENCE PATRON Jathedar Avtar Singh President SGPC & College Governing Body CONFERENCE DIRECTOR Dr. Jatinder Singh Sidhu Director-Principal, Mata Gujri College, Fatehgarh Sahib st I International Conference on On 3rd February, 2016 CONFERENCE CHIEF GUEST Mr. C.R. Bector Professor Emeritus Faculty of Management, University of Manitoba Winnipeg, Canada Attendance Certificate and Registration Rules: Participants are requested to make transportation and accommodation arrangement on their own. However, outstation participants will be provided accommodation on payment only. : 20 January, 2016 Academicians : Rs.1000 Industrialists : Rs.1500...
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...Submitted to Md. Shakhawat Hossain Lecturer, Department of Management Studies, Faculty of Business Administration and Management Submission date: 15/12/2011 Course code: MST326 Course title: Entrepreneurship development and Business Environment Submitted by GROUP: INNOVATION Level-3, Semester-II Session: 2008-2009 Faculty of Business Administration and Management Patuakhali Science and Technology University Dumki, Patuakhali-8602 Small Scale Industries of Bangladesh: A Case study of some small scale industries A report On ATTENDANCE SHEET Level: 3, Semester: II Course code: MST326 Course title: Entrepreneurship development and Business Environment Report title: Small Scale Industries of Bangladesh: A Case study of some small scale industries Roll. No. | Reg. No. | Name | Signature | 0803019 | 01881 | Dibakar Chandra Das(GL) | | 0803001 | 01862 | Farjana Khanom | | 0803003 | 01864 | Kazi Riasat Muntahi | | 0803011 | 01873 | Kamrun Nnahar Sila | | 0803018 | 01880 | Md.Nazmul Haque | | 0803021 | 01883 | Hasnain Ahamed Asif | | 0803023 | 01885 | Md. Ali Marjan | | 0803026 | 01893 | Md. Saidur Rahman Sajib | | 0803027 | 01894 | Atia Jahan Siddiqa | | 0803037 | 01906 | Tania akter | | 0803042 | 01912 | MD.Mahbub Alam | | | | | | Accepted by: …………………..………… EVALUATION SHEET Level: 3, Semester: II Course code: MST326 Course title: Entrepreneurship development...
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...Introduction “You might have noticed that it’s pretty hard to find any cash printed much earlier than the 1990s in circulation.” (Indiviglio) Money is always being created and destroyed, whether it is being physically printed or transferred electronically from the Federal Reserve. Let’s first talk about the history of the United States currency. The original currency of the United States was produced in 1690 and was able to be converted directly to gold or silver. Later, the Continental Congress of the United States chose the dollar over other suggested types of currency and this selection was formalized in the Coinage Act of 1792. The first dollar was issued on September 8, 1789. The United States banknotes are printed by the Bureau of Engraving and Printing, and the United States coins are produced by the United States Mint. This currency was guaranteed with gold and silver until 1861. In 1861, banknotes were introduced to help finance the Civil War and the first real dollar note was created by the Federal Reserve Act of 1913. “Since 1971, dollar notes have been the only form of money in the United States. With currency coins having no gold or silver backing, US dollars are to be backed by the “full faith and credit” of the US government.” (United States Dollar) One interesting fact is that the largest bill ever printed was worth $100,000. This bill was never circulated, but was used during transactions with the Federal Reserve Bank. It was printed between December...
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...Case 09-9 Bricks & Mortar Background Bricks & Mortar Co. (The Company) an SEC registrant, is a manufacturer of construction equipment. The Company has been in business for more than 50 years and operating profitably for the past 25 years. In addition, the company has an applicable tax rate of 40% and no unused tax loss or credit carryforwards. The Company’s fiscal year ends on December 31. Relevant Issue This case provides an opportunity to use accounting authority to account for the two issues in the case. Under issue 1 we must determine the adjustment required to the Company’s preliminary 2009 financial statements to comply with ASC 740-10 by completing the table that was provided and justify our position. In addition, we must determine what periods the interest should be accrued in 2010 for financial reporting purposes. Under issue 2 we must do the same thing in issue one only using the facts from issue 2 instead. Case Facts In prior years, Bricks & Mortar determined it had no uncertain positions that required recognition under ASC 740. The last date of payment of fiscal year 2009 tax is March 17, 2010 for purposes of accruing interest and penalties under the tax law. The Company is preparing its financial statements for the year ended December 31, 2009. In determining the amount of its 2009 tax provision, the company has prepared a draft of its 2009 tax return. The following is the company’s tax working...
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...Syllabus School of Business ACC/340 Version 4 Accounting Information Systems I ACC/340 Schedule 10/10/2013 – 11/07/2013 Campus: Puerto Rico Campus Group ID: BA0913RE 3 Credits 36 Hours Copyright © 2009, 2007, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course is designed to provide accounting students with the proper mix of technical information and real-world applications. Areas of study include fundamental concepts and technologies (what computers can do for business), the Internet, intranets, electronic commerce, information systems development, basic project management principles, decision support systems, and the benefits of computer and human synergy. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand, C. S. (2008). Core concepts of accounting information systems (10th ed.). New York...
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... |Accounting Information Systems I | Copyright © 2009, 2007, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course is designed to provide accounting students with the proper mix of technical information and real-world applications. Areas of study include fundamental concepts and technologies (what computers can do for business), the Internet, intranets, electronic commerce, information systems development, basic project management principles, decision support systems, and the benefits of computer and human synergy. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand, C. S. (2008). Core concepts of accounting information...
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...all over the world. * The amount of sales taxes to be paid by one store. Types of AIS: Three categories of AIS: know the difference Manual systems * Generally used by small organizations. Entirely manual system would require: * Source document * Turnaround document- Company output sent to an external party, who often adds data to the document and then are returned to the company as an input document. Machine readable format. Improves accuracy by eliminating the potential for input errors when entering data. Paper based, sent from organization to customer, same doc is returned by customer to organization. * General ledger * General journal * Special journals * Subsidiary ledgers Legacy systems * Existing system, often based on old technology. Advantages are that legacy systems: * Customized to specific needs. * Support unique business processes not inherent in generic accounting software. * Contain invaluable historical data that may be difficult to integrate into a new system. * Well supported and understood by existing personnel. * Disadvantages are that legacy systems: * Costly to maintain. * Often lack adequate supporting documentation. * Hardware needed to maintain may become obsolete. * Not usually based on user-friendly interfaces. * Tends to use software written in older computer languages. * Often difficult to modify to make user friendly...
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...A REPORT ON “ROYALTY Payments in industries” Submitted by: Niraj Kumar Agrawal NF121312 A report submitted in partial fulfillment of the requirements of PGP – FM Program of National Institute of Financial Management Sector – 48, Pali Road, Faridabad, Haryana – 121 001 Faculty Guide Dr. A. M. Sherry Acknowledgements I express my deep sense of gratitude to my Faculty guide Dr. A.M.Sherry. He is intellectual person and an expert in his field of taxation. He has got a very rich experience into field of Accounting & Taxation; He has done eminent in the field of taxation. He has been constant source of guidance and inspiration behind the ideas employed in the study. The project could only be completed through the little that I could borrow from the vast sea of his knowledge in this field. I have indeed no formal words to acknowledge the valuable guidance and co-operation extended by him during the project work. I am also thankful to my colleagues for helping me successfully conducting data mining. I extend my gratifications to Mr.Sumit Gupta for his support in collecting the data thru various sites. NIRAJ KUMAR AGRAWAL Roll No: NF121329 Course: PGP - FM Declaration I hereby declare that this project work entitled “Royalty payments by industries“ has been done by me during the academic year 2012-13 under the guidance of my faculty guide Dr. A.M. Sherry ...
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...“Pfizer’s value comes from its discovery activities (drug development, patents, trademarks), and from an unusually effective sale force (human capital, training), and not from its lab equipment or pill production facilities, Wal-Mart’s incredible competitiveness derives from unique organizational processes, such as those shifting inventory management to suppliers, rather than from bricks and mortar.” As the new intangible economy has continued to grow, so has the concern that the current system of financial reporting is incapable of providing the information its users require to assign fair value to a firm. Much research has been conducted analyzing the problems inherent in the current state of financial reporting and many solutions have been proposed. As this paper intends to display, the level of information provided to the users of financial reports regarding intangibles acquired in mergers and acquisitions has improved significantly over the last decade, however little if any progress has been made as far as improving the accounting methodology regarding internally developed intangibles. This paper aims to analyze the weakness in the current system of financial reporting in relation to intangible assets, recount the efforts to improve these weaknesses, and...
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...sarguroh@simsree.net 7208850965 Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Churchgate Abstract: This paper presents the investment opportunities in the retail sector in the emerging economies through retrospective tracking of their past experiences and opportunities in the future. The paper analyses the reforms and trends that drove growth in the emerging nations' retail markets and the ones that need to be embraced to sustain and accelerate the growth in the future. The focus of the paper would be the BRICS economies with a brief outlook of other economies like Singapore, Indonesia inter alia. Allowance of foreign investment in the retail sector boosted its volume tremendously in Russia and China and triggered a development of sorts that led to flourishing of foreign as well as local players in the same, providing impetus to the rise in the retail market volume. Brazil developed its retail market by taming inflation and making credit easily available. South Africa improved its distribution networks efficiently causing an improved supply chain management and also cashed in on its demography by catering to the needs of its predominantly young population. Indian retail sector thrives mainly on the unorganized sector with organized sector forming a minor chunk of about 8%. The paper analyses how investment in technology, infrastructure and appropriate reforms can fuel the growth of retail market. With abundant opportunities in the...
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...Term paper on Organization Design and Development Topic: Organization is like a child and it requires continuous nurturing. Prepared for: Md. Musharrof Hossain Course Instructor, MBA Program, School of Business United International University Prepared by: Name Nahid Akter Nupur Ayesha Chowdhury Trisha Riaz Ashekin Joty Fahmida Mahbub Preyanka Dey ID. No. 112 122 009 112 123 039 113 122 006 112 122 022 112 122 003 MBA Program, School of Business United International University Date of Submission: March 22, 2014 To Md. Musharrof Hossain Course Instructor School of Business United International University Subject: Submission of term paper on ― “Organization is like a child and it requires continuous nurturing” Dear Sir, We are the students of MBA department and eager to submit our term paper on ― Organization is like a child and it requires continuous nurturing, as a requirement for the course of Organization Design and Development (HRM 636). We would like to inform you that we took great pleasure in preparing this term paper. We have worked hard, concentrated on our work and tried level best to prepare this term paper. We have gained a lot of knowledge while preparing this term paper and enjoyed it. We tried to submit the term paper within specific time period and we apologize for any possible mistake. We are looking forward to get your kind acceptance of this term paper. Yours’ sincerely, On behalf of the group: Riaz Ashekin Joty ID# 113122006 ...
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