...& Crawford, Ian 2012, ‘Financial Accounting”, Pearson, Harlow. Pg 7 Prudence Concept Prudence means being careful or cautious. The prudence concept is an ethical concept that is based on the principle that revenue and profits are not anticipated, but are included in the income statement only when realized in the form of cash or other assets, the ultimate cash realization of which can be assessed with reasonable certainty. Provision must be made for all known liabilities and expenses, whether the amount of these is known with certainty or is a best estimate in the light of information available, and for losses arising from specific commitments rather than just guesses. Therefore, companies should record all losses as soon as they are known, but should record profits only when they have actually been achieved in cash or other assets. Consistency concept The consistency concept is an ethical rule that is based on the principle that there is uniformity of accounting treatment of like items within each accounting period and from one period to the next. However, as we will see in Chapter 3, judgement may be exercised as to the application of accounting rules to the preparation of financial statements. For example, a company may choose from a variety of methods to calculate the depreciation of its machinery and equipment, or how to value its inventories. Until recently, once a particular approach had been adopted in all future accounting periods, unless there were compelling...
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...LESSON 1 INTRODUCTION TO ACCOUNTING Contents 1.0 Aims and Objectives 1.1 Introduction 1.2 Book- Keeping 1.2.1 Meaning 1.2.2 Definition 1.2.3 Objectives 1.3 Accounting 1.3.1 Meaning 1.3.2 Definition 1.3.3 Objectives 1.3.4 Importance 1.3.5 Functions 1.3.6 Advantages 1.3.7 Limitations 1.4 Methods of Accounting 1.4.1 Single Entry 1.4.2 Double Entry 1.4.3 Steps involved in double entry system 1.4.4 Advantages of double entry system 1.5 Meaning of Debit and Credit 1.6 Types of Accounts and its rules 1.6.1 Personal Accounts 1.6.2 Real Accounts 1.6.3 Nominal Accounts 1.7 Distinction between Book Keeping and Accounting 1.8 Branches of Accounting 1.8.1 Financial Accounting 1.8.2 Cost Accounting 1.8.3 Management Accounting 1.9 Let us Sum Up 1.10 Lesson-End Activities 1.11 Check your Progress 1.12 Points for Discussion 1.13 References 1.0 AIMS AND OBJECTIVES i) ii) To know the Meaning ,Definition and objective of Book- Keeping To study the objectives, functions, importance and limitations of Accounting iii) To understand the methods of Accounting, kinds of Accounts and Accounting rules. This watermark does not appear in the registered version - http://www.clicktoconvert.com 1 iv) To study the difference between Book- keeping and Accounting v) To study the various branches of Accounting 1.1 INTRODUCTION In all activities (whether business activities or non-business activities) and in all organizations (whether business organizations like a manufacturing entity or trading...
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...Fundamentals of Cost Accounting 3e William N. Lanen University of Michigan Shannon W. Anderson Rice University Michael W. Maher University of California at Davis FUNDAMENTALS OF COST ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2011, 2008, 2006 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 WVR/WVR 1 0 9 8 7 6 5 4 3 2 1 0 ISBN MHID 978-0-07-352711-6 0-07-352711-4 Vice president and editor-in-chief: Brent Gordon Editorial director: Stewart Mattson Publisher: Tim Vertovec Director of development: Ann Torbert Development editor: Emily A. Hatteberg Vice president and director of marketing: Robin J. Zwettler Marketing director: Sankha Basu Marketing manager: Kathleen Klehr Vice president of editing, design and production: Sesha Bolisetty Senior project manager: Susanne Riedell Senior production supervisor: Debra R. Sylvester Interior designer:...
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...BUS 3061 Fundamentals of Accounting The Accounting Environment http://homeworkfy.com/downloads/bus-3061-fundamentals-of-accounting-the-accounting-environment/ To Get this Tutorial Copy & Paste above URL Into Your Browser Hit Us Email for Any Inquiry at: Homeworkfy@gmail.com Visit our Site for More Tutorials: (http://homeworkfy.com/ ) BUS3061- Fundamentals of AccountingThe Accounting EnvironmentResources • The Accounting Environment Scoring Guide. • APA Style and Formatting. • Writing Feedback Tool. • Accounting Principles: A Business Perspective, Financial Accounting. This assignment will familiarize you with the very beginnings of the accounting function in an organization. After completing this assignment, you will understand: • The functions performed by accounting in a business organization. • Available career options in the accounting field. • How the field of accounting is subdivided into categories. • The organizations involved in setting generally accepted accounting principles (GAAP). • The role ethics plays in the accounting function. Instructions Respond to the following questions using grammatically correct language and appropriate APA citations. To achieve a proficient grade in this assignment, answer the proficient-level queries for each question. To achieve a distinguished grade, answer both sets of queries for each question. 1. Question 1: o Proficient-level: There are several important functions performed in an organization, among which...
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...FORMTEXT Your Name: Austin Michael Dix ACCT 203 Financial & Managerial Accounting Midterm Exam Instructions: Type your complete name on every page at the top. This is an open book exam which means you may use your book and all your course materials. You are on your honor to complete this exam on your own. You must not discuss this exam with anyone. All work submitted is your own. Complete all 10 problems. You must show all your work, including all calculations. Point values and the chapter number are indicated with each problem. Type your answers immediately under each question. Your exam must include both the given questions and your complete answers. The exam is worth 20% of your course grade. Your completed exam is due to the Assignment Drop Box by Sunday, July 12, at 10:00 p.m. 1. Problem #1 The equation to answer this questions is assets= liabilities+ owner's equity. Before the sale of the parcel of land is made, $60,000(what the seller still owed the bank on the land)+ $110,000(the amount of money the seller has invested into purchasing the land)= $170,000 (which is what the land was originally purchased for). (10 points) 2.Problem #2 (5 points) 3.1. D (going concern principle) 4.2. A (Business entity principle) 5.3. B (Objectivity principle) 6.4. C (Cost Principle) 7.5. E (Monetary unit principle) 3. 3. Problem #3(5 points) 4. 1. C (financing activity) 5. 2. A (operating activity) 6. ...
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...ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-1-checkpoint-cost-accounting-fundamentals-appendix-b/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B ACC 227 Week 1 Checkpoint Cost Accounting Fundamentals Appendix B Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 227 Week 1 Checkpoint Cost Accounting Fundamentals Appendix B in order to ace their studies. ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-1-checkpoint-cost-accounting-fundamentals-appendix-b/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B ACC 227 Week 1 Checkpoint Cost Accounting Fundamentals Appendix B Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 227 Week 1 Checkpoint Cost Accounting Fundamentals Appendix B in order to ace their studies. ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-1-checkpoint-cost-accounting-fundamentals-appendix-b/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 1 CHECKPOINT COST ACCOUNTING FUNDAMENTALS APPENDIX B ACC 227 Week 1 Checkpoint Cost Accounting Fundamentals Appendix B Home Work Hour aims...
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...9 Formal Reports and Proposals he distinctions between formal and informal reports are often blurred. Nevertheless, a formal report is usually written to someone in another company or organization. Occasionally it is written for a senior manager in the same company, or for someone with whom the writer has little regular contact. Usually it is longer than an informal report and requires more extensive research. Unless you are a consultant, you are unlikely to be asked to write a formal report often. When you are, there may be a lot riding on it— including your reputation. The purpose of this chapter is to show you how to write a formal report and how to put together the kind of proposal that often precedes it. As Figure 9-1 shows, many of the elements of formal reports are the same as those for informal ones.You need to pay the same attention to headings, lists, and illustrations, for example. Although much of the advice in the previous chapter could be duplicated in this one, the emphasis here will be on those areas where there’s a difference. T Figure 9-1 Contrasting Features of Informal and Formal Reports Informal Formal Reader often internal often external or distant within organization Length • usually short • several sections • usually long (3 pages or more) • sections and subsections Tone • personal • contractions • more impersonal • no contractions Summary integrated on separate page Introduction ...
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...eurojournals.com/finance.htm Fundamental Analysis Strategy and the Prediction of Stock Returns Jaouida Elleuch* Faculty of Economics and management sciences (FSEG), University of Sfax, Tunisia E-mail: Elleuchj@yahoo.fr Abstract This paper examines whether a simple fundamental analysis strategy based on historical accounting information can predict stock returns. The paper’s goal is to show that simple screens based on historical financial signals can shift the distribution of returns earned by an investor by separating eventual winners stocks from losers. Results show that historical accounting signals can be used to improve the entire distribution of future returns earned by an investor. In fact, despite the overall down activity of the market over the sample period chosen, results reveal that fundamental accounting signals can be used to discriminate from an overall sample generating future negative returns of -0,116 a winner portfolio that provide positive future return of 0,019 from a loser one generating a negative return of -0,229. The over-performance of the winner portfolio seems to be attributable to the ability of the fundamental signals to predict future earnings. In fact, results show that fundamental signals have a positive and significant correlation with future earnings performance and that the winner portfolio have a future earning’s realisation (0,100) that outperforms that of the loser portfolio (-0,012). Keywords: Fundamental Analysis, Market Efficiency, Stock...
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...Advanced Accounting Beams Anthony 11th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/advanced-accountingbeams-anthony-11th.html ----------------------------------------------------------------------Advanced Advanced Advanced Advanced Accounting Accounting Accounting Accounting Beams Beams Beams Beams Anthony Anthony Anthony Anthony 11th 11th 11th 11th Edition Edition Edition Edition Solutions Solutions Solutions Solutions Manual Manual Manual Manual -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Advanced Accounting Author: Beams Anthony Edition: 11th ISBN-10: 0132568969 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment is...
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...manual with test bank Abnormal psychology - thomas f. Oltmanns (5th ed) solutions manual and test bank Abnormal psychology 14e butcher mineka hooley solutions manual and tet bank About Philosophy, 11/E Robert Paul Wolff, instructor manual with test bank Absolute C ++ 4e Walter Savitch Solutions manaual and test bank Absolute C++ 5/E Walter Savitch solutions manual and test bank Accounting 24e Carl Warren James M. Reeve Solutions manaual and test bank Accounting 9e Horngren Harrison Oliver Solutions manaual and test bank Accounting concepts and applications - steve albrecht (11th ed) solutions manual and test bank Accounting for governmental and nonprofit entities 16e by wilson & reck solutions manual and test bank Accounting Information System 9e Bonder Solutions manaual and test bank Accounting information systems - george h. Bodnar (10th ed) solutions manual and test bank Accounting information systems 12e marshall b. Romney paul j. Steinbart solutions manual and test bank Accounting Information Systems 2e Robert Hurt Solutions manaual and test bank Accounting information systems 9e...
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...ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail...
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...Click here to download the solutions manual / test bank INSTANTLY!! http://testbanksolutionsmanual.blogspot.com/2011/02/accounting-information-systems-romney.html ------------------------------------------------------------------------------------------------------------------------ Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual ------------------------------------------------------------------------------------------------------------------------ ***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Accounting Information Systems Author: Romney Steinbart Edition: 11th ISBN-10: 0136015182 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6...
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...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...
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...Business School Haresh Sapra University of Chicago GSB Hyun Song Shin Princeton University August 13, 2007 Abstract Financial institutions have been at the forefront of the debate on the controversial shift in international standards from historical cost accounting to mark-to-market accounting. We show that the trade—o s at stake in this debate are far from one-sided. While the historical cost regime leads to some ine ciencies, marking to market may lead to other types of ine ciencies by injecting artificial risk that degrades the information value of prices, and induces sub—optimal real decisions. We construct a framework that can weigh the pros and cons. We find that the damage done by marking to market is greatest when claims are (i) long—lived, (ii) illiquid, and (iii) senior. These are precisely the attributes of the key balance sheet items of banks and insurance companies. Our results therefore shed light on why banks and insurance companies have been the most vocal opponents of the shift to marking to market. We are grateful to both our editor, Ray Ball, for his advice and comments and to an anonymous referee for many useful comments. We also thank participants at the 2007 Journal of Accounting Research conference as well as participants in various seminars, and, in particular, Doug Diamond, Ron Dye, Xavier Freixas, Milt Harris, Charles Goodhart, Raghu Rajan, Rafael Repullo, Jean-Charles Rochet, and Lars Stole for their comments. Catherine Xu provided...
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...1/6/2016 View all Copyright © UCAS elcome > View all W Please review your application below to ensure that the details you have provided are both correct and reflect your preferences. Please confirm your preferences to receive further information from UCAS and UCAS Media about courses or products and services by ticking "Section completed" at the bottom of this screen. If the details below are either incorrect, or do not reflect your preferences, please change your application. edit Personal details Personal Title Gender First/given name(s) Surname/family name Preferred first name Previous surname at 16th birthday Postal address Is your permanent home in the UK? Home address Home telephone number Mobile number Email address Date of birth Country of birth Date of first entry to UK Nationality Dual nationality Area of permanent residence Residential category Mr Male MUHAMMAD AMIR HARITH AFFENDI NO. 19, TAMAN FARHANAS JALAN PETRA JAYA 93050 KUCHING SARAWAK Malaysia No 6082 449882 60128495321 amirharith950527@gmail.com 27 May 1995 Malaysia 1 September 2016 Malaysian Malaysia Other Reference numbers Unique Learner Number (ULN) Test of English as a Foreign Language (TOEFL) Number International English Language Testing System (IELTS) TRF Number https://2016.undergrad.apply.ucas.com/ucasapply/ViewAllServlet?id=479c2ca02bda2b4ef988da3dd786&ran=1w7es3cvwfeli 1/7 1/6/2016 View all Passport details Do you require a student visa? Have you previously studied in...
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