...Advance English (TOEIC score 905), Advance Portuguese, Basic French, ... at Creative Financial Staffing - prodriguez@cfstaffing.com or 713-260-5243 ... My focus changed to Accounting and Finance, when I started with CFS in ... 2. Accounting 260 Assignment Cfs Free Essays www.papercamp.com/group/accounting-260-assignment-cfs/page-0 * Cached Accounting: ADVANCED FINANCIAL ACCOUNTING 260 ASSIGNMENT 1, 2013 On 1 July 2011, Snake Ltd acquired all the shares of Rat Ltd on an ex-div basis. 3. [PDF]Volunteer Yearbook 2014 - South Australian Country Fire ... www.cfs.sa.gov.au/public/download.jsp?id=70377 * Cached CFS VOLUNTEER 2014 YEARBOOK. 1. YEARBOOK □ .... have heard first-hand accounts of ... and Finance, with Investigation as a new role to AIIMS. ..... advanced fire truck through its paces. ..... resulting in over 260 rural fires, a number of. 4. Developing Intelligent Tutoring Capacity in the Accounting ... ijlhe.cgpublisher.com/product/pub.260/prod.71 * Cached May 6, 2014 - Thomas lectures in financial accounting at Macquarie University. ... advanced teaching programmes at the Frankfurt School of Finance and ... 5. [PDF]NDSU Course Descriptions 2014-2015 - North Dakota State ... www.ndsu.edu/fileadmin/bulletin/courses/201415.pdf ABEN 783 - Advanced Structures and Environmental Systems. Detailed ... Introduces financial statements and other accounting information to make personal and business decisions. ...... Cross-listed with CFS 452...
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...Related to Financial Assets and Loans Jonathan L. Harris Florida Atlantic University ACG 6135 - Advanced Accounting Theory Professor Kohlbeck October 10, 2014 Table of Contents Table of Contents Introduction………………………………………………… 3 Background…………………………………………………. 4 FASB’s CECL Model……………………………………….. 6 Credit Impairment and Hedging…………………………… 7 Current vs. Impairment Model…………………………….. 8 Controversy Surrounding the CECL Model………………. 9 FASB’s Exposure Draft…………………………………….. 10 Conclusion………………………………………………….. 13 Introduction It is imperative that the FASB adopt a new model for the recognition of credit losses on financial instruments held by banks, lending institutions, and private organizations. The economic crisis of 2008 was a result of the current failing “incurred loss” model because it failed to alert investors to credit losses. The problems with the present model is it delays recognition of credit losses until the losses are deemed to be actually incurred or incurred under a high level of probability. A large majority of financial statements users are in agreement that the FASB needs to adopt a new model, while the real issue lies in tailoring this new model to work fairly and efficiently for all. The answer is to implement and establish a new impairment model that requires consideration of forward-looking information to assess the estimated cash flows to be received on amounts due from customers, investment securities, and other financial instruments...
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...to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected member of the business world. Karmen Rempel, CGA Manager Grant Thornton LLP Vancouver, British Columbia Why CGA? There are many reasons why CGA is the fastest-growing accounting designation in Canada. With CGA, you can: 1. Pursue...
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... WHAT IS THE PURPOSE OF THE RESEARCH CASES THAT YOU WILL COMPLETE IN THIS COURSE? The purpose of these cases is to provide you with experience solving an unstructured problem that requires searching accounting standards and financial statements. In your future careers in public accounting or in financial reporting, you will encounter financial accounting problems for which there may not be a clear-cut accounting treatment. Instead, you will need to conduct research to arrive at an appropriate answer. In Case 1, I am providing you with exposure to some of the resources available for you to conduct research, download financial statements, and increase your general knowledge about current accounting issues. In Cases 2 and 3, you will solve unstructured problems like you will do in the real-world. 2. HOW DO I USE THE DATABASES? Download the Accounting Research Handbook that is now available on WebCampus. Included in this booklet are detailed instructions on how to use these databases. This handbook will give you enough information to get you started. (The following pages may be turned into me – you do not need to type up your responses in a separate document. If you are working with a partner, make sure BOTH of your names appear on the assignment). ACCOUNTING RESEARCH CASE 1 – PART A: SEC EDGAR DATABASE This first exercise involves EDGAR, the SEC’s database. You will use EDGAR to find out information about one company. Your company is based on the first...
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...[OM180, OM200] OM220, OM240, OM260, OM280, OM300, OM320, OM340, OM380, OM460 3. Administrative duties Performs a wide variety of administrative duties: Budget tracking and coordination HR administration Coordination of large/complex projects/events Liaison with other units Point of contact for purchasing or vendor/outside agency CT200, 201, 250; OM100 CT300 & 301; OM120, 260, 280, 300, 320, 340; OA100, 110, & 200 OM150 4. Office support duties Performs a variety of office support duties: Typing and correspondence; Filing folders; Records keeping/compilation /data entry; Preparing/processing forms, calendars, and scheduling; Mail distribution and outgoing mailings; Travel/expense vouchers; Telephone and greeting; Supplies/inventory; Updating Web site [HR410], HR295, HR420 PC965 OM150 TW100, 200; OM400 5. Administrative assistant May serve as the personal administrative assistant to an assistant dean, department head or manager Course Code Explanation Code Title CT200 Intro to Banner Admin: The Internet Native Banner Financial System CT201 Introduction to...
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...Table of Contents INTRODUCTION 1 ISSUES 1 QUANTITATIVE ANALYSIS 2 QUALITATIVE ANALYSIS 3 (i). Revenue Recognition Analysis 3 (ii). Strength and Weaknesses of Biovail 3 RECOMMENDATIONS 4 CONCLUSION 5 INTRODUCTION Biovail corporation was one of Canada’s largest publicly traded pharmaceutical companies. Biovail is a specialty pharmaceutical company engaged in the formulation, clinical testing, registration, manufacture and commercialization of pharmaceutical products, utilizing advanced drug-delivery technologies. The company currently has over 20 distinct, proprietary drug-delivery technologies and has access to other technologies through licensing agreements with development partners. In September 2010, the stockholders of Biovail Corporation and Valeant Pharmaceuticals International voted in favour of combining the two companies to become one under the Valeant name. The new combined company is known as Valeant Pharmaceuticals International, Inc. and its shares are traded on both the New York Stock Exchange and the Toronto Stock Exchange. In the case, on September 30, 2003, a truck of Biovail carrying a shipment to Biovail’s Distributor, was involved in a multi-vehicle traffic accident near Chicago. David Maris found that Biovail intentionally and falsely attributed nearly half of its failure to meet its third quarter 2003 earnings guidance to a truck accident. Biovail intentionally misstated both the effect of the accident on Biovail’s third quarter earnings as well...
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...Proposed Accounting Standards Update Financial Instruments: Credit Losses ( Subtopic 825-15) Issued December 20th 2012 ACCT 6003: Financial Accounting Theory Professor Bill Dawson Completed by: Rich Allen, Jordan Keuken, Karen Vander Vloet, Lillian Cuevas Rosales June 28th, 2013 Executive Summary The recent global economic crisis of 2008 created a glaring need for changes in accounting standards in US GAAP. One of the many issues that contributed to the recession was accounting policies for the recognition of credit losses. Banks and large financial institutions usually recognized credit losses through an “expected credit losses” approach that included an initial recognition threshold. Credit losses would be recognized on financial statements once they were “probable to occur”. The recognition of a loss was based on a multitude of information. The difficulty with the existing method is that market events and many other variables make it very difficult to predict when credit losses are probable. This accounting policy lead to gross understatements of expected credit losses in the recent crisis and contributed to crashes in the stock market. The exposure draft for Financial Instruments - Credit Losses (Subtopic 825-15) aims to broaden the amount of information when calculating an allowance for expected credit losses. The financial instruments that are in question are loans, debt securities, trade receivables, lease receivables, loan commitments and any...
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...ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) 3. How is an intangible asset acquired as part of a business combination measured for initial recognition? Why? (2 Marks) 4. List two ways that fair value could be determined for intangible assets acquired as part of a business combination. (2 Marks) 5. In the research phase all expenditure on a project must be expensed. Why? (1 Mark) 6. Identify three ways in which an entity may obtain an intangible asset. (1 Mark) 7. Where an intangible asset has been separately acquired how is its cost measured? (1 Mark) 8. In what circumstances could an in-process development project be recognised as an intangible asset? (2 Marks) 9. Why does IAS 38, paragraph 63 forbid the recognition of certain internally generated intangible assets? (2 Marks) 10. Where an internally generated intangible asset is recognised by an entity how is its cost measured? (2 Marks) 11. Why does the accounting standard IAS 38 contend that an active market cannot exist for brands, newspaper mastheads, music and film publishing rights and trademarks? (1 Mark) 12. List two examples of activities which would be carried out in the development phase of an internal project. (2 Marks) 13. What...
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...as a corporation. As part of their review, the CPAs have asked you to provide them with the following explanations: • The methodology used to determine deferred taxes • The procedures for reporting accounting changes and error corrections • The rationale behind establishing the subsidiary as a corporation Prepare your response to the three questions. Before submitting your response, your manager would like to know a little bit more about the request. She has asked you to tell her what your professional responsibilities are as a CPA, and the difference between a review and an audit. Provide draft responses to the above questions. Additionally, provide your manager with a summary of your responsibilities in an internal memo (no more than 1,050 words). 1. The methodology used to determine deferred taxes Because tax reporting and financial reporting are based on two sets of assumptions, they create temporary differences between the amounts reported on the financial statements and income tax statements. A modified cash basis is used for tax reporting and accrual basis is used for financial reporting (Intermediate book, 966). A company will recognized deferred tax assets and liabilities on their balance sheet based on the differences between the financial statement carrying values and the tax basis (Book1,166). Deferred tax asset and deferred tax liability are two different types that result from taxable temporary differences. “A deferred tax liability represents...
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...COURSE OBJECTIVES Financial and management accounting are more closely linked in practice than one might expect from reading traditional textbooks and the problems to be resolved often have income tax and auditing consequences as well. This seminar is designed to provide you with opportunities to apply general concepts and principles learned in intermediate and advanced financial accounting courses to new economic transactions and business decisions. Cases will be used to permit you to practice the skills you will need as a professional accountant whether in public accounting or private industry. In particular, this course is intended to refine your skills in researching the professional accounting literature to solve particular accounting problems, to arrive at defensible solutions where GAAP is vague or nonexistent, and to present your research conclusions in a professional manner. You will have opportunities to present your work orally and in writing. REQUIRED MATERIALS: A recent Intermediate Accounting text (Kieso used in Acct 315 & 414 would be fine) A recent Advanced Accounting text (whatever was used in for Acct 415-515 would be fine) On-line access to FASB’s ASC (accounting standards codification). The Department has purchase academic license so you can use the $850 “professional” version rather than the free version which has fewer bells and whistles. You can log on from fasb.org but it will take you to http://aaahq.org/ascLogin.cfm where you enter...
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...Principal Notes to Notes to Notes to Notes to accounting policies the consolidated balance sheet as at December 31. 2014 the consoiidated profit and loss account for the year ended December 31. 2014 the Kareni B V. balance sheet as at December 31, 2014 the Kareni B.V, profit and loss account for the year ended December 31, 2014 Other lnformation and profit appropnation Report of the Auditors Company.info Kareni B.V. REPORT OF THE DIRECTORS The report nf tfie Director Date 10 April p(l I Company.info I; ho Itoard uf Directorc : wilt he availahle for in'pection at tlio office of the cornpany Kareni B.V. CONSOLIDATED BALANCE SHEET AS AT DECEMBER 31, 2014 (before appropriation ASSETS of result) 31 december 2013 31 december 2014 FIXED ASSETS INTANGIBLE FIXED Goodwill Development ASSETS costs, Customer Lists, Trade Marks 9 572.011 2 745 260 3 190 670 4. 11 5. 795 7.306.465 TANG IBLE FIXED Buildings Machinery Equtpment 12.317 271 ASSETS 9,075.460 2.410.044 637,958 77,476 9 646 262 2.468,589 932.168 240.370 Vehicles 13 287.389 FINANCIAL FIXED 12 200 938 5.218 5.218 ASSETS Investments CURRENT ASSETS STOCK 1 DEBTORS Trade debtors Taxation and sociaal secunty costs Deferred Taxation Qther debtors Prepayments and accrued income 9.990.31 5 1 42. 787. 277 3.332. 546 34. 875. 890 3.931.069 1 389.029 2.499 673 2...
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...BIBLIOGRAPHY 11 INTRODUCTION Biovail Corporation was one of the Canada’s largest pharmaceutical publicly traded companies which expert in the development and large scale of manufacturing of pharmaceutical products. Biovail Company engaged activities on enhance formulate of the existing drugs, clinical testing, manufacture and commercial pharmaceutical products and utilized advanced drug delivery technologies. This company had listed on the Toronto and New York Stock Exchange (NYSE). In the case, on September 30, 2003 there was a truck carrying a shipment of Wellbutrin® XL from Biovail’s manufacturing facility in Manitabo to Biovail’s Distributor, North Carolina was involved in a multi-vehicle traffic accident near Chicago. The company announced that the loss of the quarterly earnings which target by $260 million is because of the truck accident happened that contributed a significant unfavourable variance where the company estimated that revenue of the truck that involved in accident was in the range of $10 million to $20 million. There are several issues that addressed in this case which included accounting policy based on the revenue recognition; how Biovail Corporation should account the sales based on two different “Freight On Board” (FOB) point which are FOB Shipping point and FOB Destination point, and ethic of earning management where Biovail is suspected might significantly overestimate the value of the product that involved in the truck accident due to Biovail fail to...
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...EDB20203 CONSUMER BEHAVIOR 107 UniKL BiS EIB20503 09:00 AM BUSINESS RESEARCH METHODS 366 UniKL BiS Total 2 703 59 UniKL BiS FINANCIAL ACCOUNTING AND REPORTING 4 219 UniKL BiS EBB30803 INVESTMENT MANAGEMENT 149 UniKL BiS EIB10703 CREATIVE PROBLEM SOLVING 137 UniKL BiS EIB10903 02:00 PM FINANCE 2 98 UniKL BiS EAB21403 STATISTICS FOR BUSINESS EAB30703 Total 29/12/2015 TUE 3 662 EAB20903 TAXATION 1 254 UniKL BiS EAB41603 GLOBAL ENTREPRENEURSHIP 140 UniKL BiS EBB20103 ISLAMIC LAW OF CONTRACTS 138 UniKL BiS EIB10203 09:00 AM PRINCIPLES OF ECONOMICS 252 UniKL BiS Total 4 02:00 PM 784 EAB31103 AUDIT 2 121 UniKL BiS EBB20303 ISLAMIC BANKING OPERATIONS 190 UniKL BiS ECB20403 E-MARKETING 350 UniKL BiS Total 661 Venue UNIVERSITI KUALA LUMPUR Report ID : PQR029 Page : 2 of 10 Exam Schedule Draft Date : 25-NOV-2015 11:36 AM Semester September 2015 Date 30/12/2015 WED Session 5 09:00 AM Code Name EAB21303 COMMERCIAL LAW EAB31203 CORPORATE LAW EBB30403 Tot Student Institute 73 UniKL BiS 255 UniKL BiS SHARIAH AUDIT 87 UniKL BiS EIB10403 FINANCIAL ACCOUNTING 98 UniKL BiS EIB20303 BUSINESS LAW 255 UniKL BiS EIB20803 COMPANY LAW 31 UniKL BiS Total 6 02:00 PM 799 EAB31303...
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...Stu/02/01/08 To: ALL REGISTERED STUDENTS MICPA EXAMINATION ACCOUNTING AND AUDITING STANDARDS The Institute’s Examination Regulations and Syllabus state that: (a) Questions involving knowledge of accounting and auditing should be answered in accordance with the requirements of approved accounting standards, approved auditing standards/guidelines and the relevant legislation; Questions involving knowledge of new approved accounting standards, approved auditing standards/guidelines and exposure drafts will not be set until at least 6 months have elapsed since the last day of the month in which the statement became effective or was published. (b) The list of accounting standards, auditing standards and other technical pronouncements, which are currently examinable in the Institute’s examination, are set out below. I. Approved Accounting Standards The Companies Act 1965 requires that approved accounting standards are to be applied to the financial statements of all companies. Approved accounting standards are issued by the Malaysian Accounting Standards Board (MASB), which is established under the Financial Reporting Act 1997. For the purposes of the MICPA pronouncements are examinable : examination, the following accounting (i) (ii) (iii) MASB approved accounting standards and other pronouncements issued by MASB; Malaysian Accounting Standards (MAS) issued by MICPA, which have not been replaced by MASB approved accounting standards; Technical Bulletins (TB) issued by MICPA...
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... Christian Hsieh Phone: 422-3017 Office: 324 TNRB Office Hours: MW 2:00 - 3:00 p.m. Phone: 422-6835 e-mail: Office hours: forthcoming Home page: Course Description and Objectives This course introduces basic financial concepts all business managers should understand regardless of functional specialization. Topics include financial analysis and planning, time value of money, valuation, capital budgeting, risk/return trade-offs, cost of capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning and decision-making purposes, (6) appreciate the complexities international business, and (7) demonstrate team skills by actively participating...
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