1.1 Introduction An early market economy and an early form of mercantilism, sometimes called "Islamic capitalism", were developed between the eighth and twelfth centuries. The monetary economy of the period was based on the widely circulated currency the gold dinar, and it tied together regions that were previously economically independent. A number of economic concepts and techniques were applied in early Islamic banking, including billsofexchange, partnership (mufawada,including limitedpartnerships
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GAAP Research Project Zamora, Marina Intermediate Accounting ACC 330-02 FALL 2012 Zamora, Marina ACC 330-02 11.28.12 GAAP Research Project Number 1 Situation: You are the assistant accountant for Tyler Corporation. It is mid January 2011 and you are helping to prepare the Tyler Corporation’s balance sheet for December 31, 2010. Tyler will publish this balance sheet on March 1, 2011, after the auditors have completed their work. Tyler has a $100,000 note payable
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be used. Lessees and Lessors will also be required to show equal and opposite assets and liabilities on their balance sheets for every and all lease without distinguishing between finance or operating. This would eliminate the distinction beween operating and financing leases and new accounting standards for lessees andlessors would be introduced. Leases will no longer be treated as “off balance sheet” and assets and liabilities will be recognized. 5. There are five alternatives for the VASB
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statements | | | usage of the trade | | | provisions handwritten into a contract | | | waivers of liability | Question 5 Alice sold her accounting business to a nation wide accounting firm that wanted to establish an office in that area. As part of the sales contract, Alice promised that she would not start up another accounting firm within seventy-five miles of her old business for at least a year. This clause in the sales contract is a
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Case Study: Pit Stop Closed 1) The Pit Stop Center store closure should not be reported as a discontinued operation in Auto World’s second quarter financial statements. Auto World determined that the Pit Stop Centers meet the definition of a “component of an entity,” which is defined as comprising “operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment
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contents 1 2 3 5 10 16 18 94 95 96 97 99 100 corporate information operational and financial highlights chairman’s statement review of operating and financial performance board of directors senior management financial contents (including corporate governance) interested person transactions material contracts use of proceeds shareholders’ information disclosure note notice of annual general meeting proxy form corporate information board of directors Mr. Joseph Yuvaraj Pillay Independent Director
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SOUTHWEST AIRLINES CO. 2013 ANNUAL REPORT TO SHAREHOLDERS To our Shareholders: Our goals for 2013 were ambitious. We wanted to stay on track with our five Strategic Initiatives described below. We wanted to maintain our strong Brand, unique Culture, and award-winning Customer Service. We wanted to sustain our strong ontime performance and baggage handling. Finally, we wanted to improve our cost performance, achieve our profit requirement, and return value to our Shareholders. Just like in 2011
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| | | | | | | | | | UNITED STATES | SECURITIES AND EXCHANGE COMMISSION | WASHINGTON, DC 20549 | | | | | | FORM 10-K | | | | | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the fiscal year ended December 31, 2012 | OR | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the transition period from ________ to ________ | | | | | |
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CONTENTS PAGE Page Executive Summary.................................................................................................................................................i 1. Motor Vehicle............................................................................................................................................1 2.2 Type of Asset and cost.......................................................................................................................
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external users 4. FASB – responsible for GAAP (accounting principles) 5. Accounting Equation 6. Know the 3 activities that business engage in and give examples of each activity. (These 4 questions also relate to Chapter 12, The Statement of Cash Flows) 7. The International Accounting Standards Board is responsible for developing a single set of worldwide accountings standards (IFRS). 8. These standards will help companies to reduce accounting costs, make it easier to acquire foreign companies
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