Assignment 1 –FAC501 | Challenges facing the accounting profession and how I see them affecting me in the future with regards to IFRS companies submitting IFRS on US stock exchanges? Macdonald Felix Rusoto Muchemedzi Student Kaplan University As the Stock exchange affords different investors the opportunity to actively trade in the non-US companies and also provide an avenue for non-US companies to raise capital will the investment and accounting community be able to fully understand the information
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Vueling and RyanAir Lease Strategies Classifying leases as operational or financial is a key accounting issue in the airline industry because of the high value of the leased assets. When classifying leases the IFRS principle “substance over form” should be the prime criteria to identify the type of lease. In 2012 EasyJet operated 214 aircrafts. 148 of them were owned, 55 were acquired under operating leases contracts and 11 under a finance leases. In its annual report
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Annual Report 2010 CONTENTS Notice of the Meeting PAGE 1 Company Information 2-3 Company Milestones 4 Chairman’s Statement 5-7 Board of Directors' Report Progress at a Glance Auditors' Report to the Shareholders Balance Sheet Profit and Loss Account Statement of Changes in Equity Cash Flow Statement Liquidity Statement Notes to the Accounts Annexure Proxy Form 8-13 14-15 16-17 19-20 21 22 23-24 25 26-57 58 59 NOTICE OF THE TWENTY SECOND ANNUAL GENERAL MEETING Notice is hereby given that
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Answers Professional Level – Essentials Module, Paper P2 (INT) Corporate Reporting (International) 1 (a) Angel Group Statement of cash flows for the year ended 30 November 2013 Profit for the year (W1) Adjustments to operating activities Financial assets – profit on sale (W5) Retirement benefit expense (W7) Depreciation (W1) Profit on sale of PPE (W1) Associate’s profit (W3) Impairment of goodwill and intangible assets (26·5 + 90) (W6) Finance costs Movements in working capital Decrease in trade
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| | Bottom of Form | Profit & Loss account of Tata Consultancy Services | ------------------- in Rs. Cr. ------------------- | | Mar '14 | Mar '13 | Mar '12 | Mar '11 | Mar '10 | | | 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | | | | | | | Income | | | | | | | | | | Sales Turnover | 64,672.93 | 48,426.14 | 38,858.79 | 29,275.68 | 23,044.84 | | | | | | Excise Duty | 0.00 | 0.00 | 0.25 | 0.27 | 0.39 | | | | | | Net Sales | 64,672.93 | 48
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Executive Memo to the Board To: Board of Directors From: UoPx CPA Auditors Subject: GAAP Requirements and Accounting Treatment for Share-Based Payment Reporting and Consolidation of Special Purpose Entity Week 6 Points to consider Memo on SPE and Share-based payments Evaluate Share-based payment reporting JJH->Share-based employee compensation awards are classified as either equity instruments or liability instruments. The measurement date for estimating the fair value
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Norman Corporation Group J Introduction Norman Corp is a young manufacturer of specialty consumer products Until 2006, the financial statements were never audited Company was considering to borrow a longterm note Hence it decided to have it’s 2006 financial statements audited by Kline & Burrows Some questions came up during the preparation of preliminary financial statements Case Analysis Group of female employees sued the company alleging injustice in payment They demanded
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1. What is accounting and what financial statements do they prepare and in what order are the financial statements prepared? Accounting is the language of business. Accountants prepare financial statements in such a manner that they are deemed genuine, true, and accurate. This accuracy helps leadership of the company make sound business decisions. Accountants do journal entries, post them to accounts, make a trial balance, and do an income statement, a statement of retained earnings and finally
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Business Economics CMSE11092 Session 2. Theory of Costs Augusto Voltes-Dorta augusto.voltes-dorta@ed.ac.uk Room GF8 Production and Costs • For a manager, it is crucial to know the relationship between cost and output. • Different time-horizons are considered. SHORT RUN • Some inputs are fixed (typically capital) • Fixed vs. variable costs • Economies of Capacity • Operational and tactical decisions LONG RUN • All inputs are variable • Economies of Scale • Economies of Scope • Strategic
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ANNUAL REPORT 2009 CORPORATE PROFILE Le Château is a leading Canadian specialty retailer offering contemporary fashion apparel, accessories and JANUARY 30, 2010 JANUARY 31, 2009 STORES SQUARE FOOTAGE 352,214 319,762 117,321 128,768 35,575 28,083 16,200 19,332 9,203 3,480 1,029,938 17,591 STORES AND SQUARE FOOTAGE STORES SQUARE FOOTAGE 371,240 360,017 139,605 133,025 38,148 28,083 20,157 19,332 15,314 3,480 1,128,401 17,591 ONTARIO QUEBEC ALBERTA BRITISH COLUMBIA MANITOBA NOVA SCOTIA SASKATCHEWAN
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