Centenary College of NJ Explanation of Statement of Cash Flows GAC 515 Professor Frank Longo Sandra Rambert August 7, 2014 Statement of Cash Flows has two main purposes firstly, deliver data about a business’ cash receipts and payments. Secondly, statement of cash flows records changes as a product of operations, investments and financial activities during a period on a cash basis. (Weil, 2014) Information in a statement of cash flows can be useful to investors, creditors and any other
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Contents Contents Page………………………………………………………………………………………………………………………………………….1 Main Body……………………………………………………………………………………………………………………………………………….2 1. Harmonisation – what it means……………………………………………………………………………………………….…2 2. IASB’s reasoning for financial reporting harmonisation…………………………….………………………………..3 3. Approaches to harmonisation………………………………………………………………………..…………………………..4 4. Obstacles in harmonisation………………………………………………….……………………………………………………..6 5. The convergence between IASB and FASB
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Keeping things simple Annual report and financial statements 2010 Contents and introduction ConTenTs The DIreCTors’ reporT AnD busIness reVIeW 1 Highlights 2 Chairman’s statement 4 Strategic review 4 Business review 5 Market overview 6 Our strategy 8 Key Performance Indicators 10 Our business model 12 Risks and uncertainties 14 CSR/Today 16 Our people – Values in action 18 Performance review 18 Operating review 23 Financial review 26 Governance 26 Board of Directors 28 Corporate governance
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Midterm Exam, Final Exam Solution Instant Download Chapter 1 Multiple Choice: 1. Which of the following bodies has the ultimate authority to issue accounting pronouncements in the United States? a. Securities and Exchange Commission b. Financial Accounting Standards Board c. International Accounting Standards Committee d. Internal Revenue Service Answer 2. What historical evidence of the business operations of the private estate of Apollonius was discovered early inthe20th century
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organizations, the accounting environment, the accounting equation, and the four main financial statements. In week two we learned about debits and credits, the difference between cash, accrual basis accounting, and unearned and accrued revenue. In week three several topics were discussed including, accounting information and tools, the balance sheet, calculating profit and loss, cash control and assessing financial performance. In week four we covered internal controls and the Sarbanes-Oxley Act
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CHAP_1_MCQ 1) What do business enterprises have that NFPs do not have? A) Specified products or services B) Identifiable customers or clients C) Employees D) Boards of directors Answer: B 2) Which of the following statements about the adoption of IFRS is true? A) Many European countries adopted IFRS prior to 2011. B) Canada adopted IFRS in 2012. C) All European and North American countries adopted IFRS in 2011. D) All European, Asian, and African countries adopted IFRS in 2011. Answer: A 3) Why
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Deloitte United States Services Audit & Enterprise Risk Services Consulting Financial Advisory Services Tax Deloitte Growth Enterprise Services Featured Services Industries 2014 Industry Outlook Aerospace & Defense Automotive Banking & Securities Consumer Products Federal Government Health Care Providers Health Plans Insurance Investment Management Life Sciences Media & Entertainment Oil & Gas Power & Utilities Process & Industrial Products Real Estate Retail & Distribution
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the Finance Manager shall be responsible for keeping all accounting and finance records. (iii) All official receipt books shall be sequentially numbered and kept in safer place. Strict adherence and financial integrity should be observed in using receipt books. (iv) Revenue Statement shall be prepared by area manager to the finance manager at the end of every month. (v) Revenue Report shall be prepared by the finance manager and submit to CEO monthly. (vi) All company monies shall be deposited
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of Financial Statements. Prepared By: Md. Nazmul Hasan. Analysis of Financial Statements What is Financial Statement Analysis: Financial Statements Analysis is an Analysis of the Following Statements: Income Statement Balance Sheet Statement of Owners Equity and Statement of Cash Flow Purpose of Analysis Financial statement analysis helps users make better decisions. Internal Users Managers Officers External Users Shareholders Lenders Customers Financial Statements Are
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governance practices Code of ethics Controls and procedures Principal accountants’ fees and services Memorandum and Articles of Association 141 Financial statements 142 Consolidated financial statements of the BP group 150 Notes on financial statements 228 Supplementary information on oil and natural gas (unaudited) PC1 Parent company financial statements of BP p.l.c. 111 Directors’ remuneration report 112 Part 1 Summary 114 Part 2 Executive directors’ remuneration 120 Part 3 Non-executive directors’
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