PART I A. Multiple choice. 50 points. 1. The information provided by financial reporting pertains to a. individual business enterprises, rather than to industries or an economy as a whole or to members of society as consumers. b. business industries, rather than to individual enterprises or an economy as a whole or to members of society as consumers. c. individual business enterprises, industries, and an economy as a whole, rather than to members of society as consumers
Words: 3652 - Pages: 15
Pejenca had a time limit of one week to make their decision regarding the expansion and how they were going to finance it. The cash sources and uses analysis showed that Pejenca in its current time has a negative cash flow from operations, which could have potential meaning that Pejenca cannot handle to finance its current amount of inventory, this however does not mean that Pejenca has no cash. The ratio analysis' were more positive, showing that Pejenca has strength in their liquidity, stability, profitability
Words: 4941 - Pages: 20
Journal of Accounting and Economics 7 (1985) 85-107. North-Holland THE EFFECT OF BONUS SCHEMES ON ACCOUNTING DECISIONS* Paul M. HEALY Massachusetts Institute of Technology, Cambridge, MA .02139, USA Received October 1983, final version received September 1984 Studies examining managerial accounting decisions postulate that executives rewarded by earnings-based bonuses select accounting procedures that increase their compensation. The empirical results of these studies are conflicting. This paper
Words: 10639 - Pages: 43
tactic that substitutes deliberate ignorance for thoughtful planning," Charles Tremper (n.d.) who authored various risk management books. We have been hired, as a consultant in our first task is to create and present to management of business contingency plan combined with risk management to our new client. There has been some concern from both the IT department and legal departments about personal identifiable information sensitive information, client records, and other sensitive information
Words: 3310 - Pages: 14
VOUCHING A voucher is documentary evidence in support of a transaction in the books of account. Vouching is a technical term which refers to the inspection by the auditor of documentary evidence supporting and substantiating a transaction. It means to substantiate an entry in the books of account not only with any documentary evidence such as agreements, receipts, counter foils of a receipt book, or pay-in-book, contracts, but also to see that the transaction has been properly authorized, recorded
Words: 6388 - Pages: 26
This retrieval system (SAERS) that you are about to use is a computerized system designed to retrieve from a vast library or collection of data (databases) those authoritative pronouncements which will aid you in the development of a solution to a current practical issue. The purpose of this tutorial on the usage of the School of Accounting's Electronic Research System (SAERS) is to acquaint you with the electronic media that you will utilize throughout your accounting program here at CMU. Many
Words: 1027 - Pages: 5
moving ahead UPS ANNUAL REPORT 2007 2007 HIGHLIGHTS Reached a five-year labor agreement with the International Brotherhood of Teamsters 10 months prior to the expiration of the current contract in July 2008. Adopted a new financial policy in early 2008 to enhance shareowner value by reducing the company’s cost of capital. Celebrated our 100th anniversary on August 28, 2007. Introduced several industry-first product innovations, including UPS Delivery InterceptSM, UPS PaperlessSM Invoice and
Words: 54529 - Pages: 219
BUSINESS FOR SOCIAL RESPONSIBILITY CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 (WITH COMPARATIVE TOTALS FOR 2010) Armanino McKenna Certified Public Accountants & Consultants LLP TABLE OF CONTENTS Page No. Independent Auditors' Report 1 Consolidated Statement of Financial Position 2 Consolidated Statement of Activities 3 Consolidated Statement of Functional Expenses 4 Consolidated Statement of Cash Flows 5 Notes to Consolidated Financial Statements
Words: 3883 - Pages: 16
that the managers conduct estimates and assumptions when preparing the financial statements. This should be in conformity with the principles accounting that the company uses. The estimates are based on the knowledge that the management has on the current and future actions that the company may undertake. Estimates are required for accounting the, consumer promotion accruals, stock options, the benefits obtained in pension and post-employment schemes, intangible assets valuation, depreciation usefulness
Words: 1380 - Pages: 6
начисления | Accruals concept | Принцип начисления | Accrued benefit valuation method | Метод оценки причитающихся выгод | Accrued expenses | Начисленные расходы | Accrued expenses payable | Задолженность по начисленным расходам | Accrued liability | Начисленное обязательство | Accrued revenue | Начисленная выручка | Accumulated
Words: 2648 - Pages: 11
