& Entrepreneurship/Business Planning Course Code: FLD 521 PCA Course Description Students create an intra or entrepreneurial plan for the development and growth of a beneficial and profitable venture incorporating the necessary marketing, financial, legal, organizational and administrative components. Course Objectives After completing the course, the student will be able to: 1. Apply acquired business skills (finance, accounting, marketing, management, negotiation, human relations, legal
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING Show Me the Earnings! The growth of new-economy business on the Internet has led to the development of new measures of performance. When Priceline.com splashed onto the dot-com scene, it touted steady growth in a measure called “unique offers by users” to explain its heady stock price. To draw investors to its stock, Drugstore.com focused on the number of “unique customers” at its website. After all, new businesses call for new performance
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Q (1.1): Mission statement: David (1986) has identified Mission statement: it is an '' enduring statement of purpose that distinguishes one business form other similar firms. A mission statement identifies the scope of a firm's operation in product and market terms.'' Although Cole (1997) has defined mission statement as a public statement on behalf of an organization which sets out its raison in terms of the customer needs it intends to satisfy the markets within which it will meet those needs
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in the same. Accounting is the bookkeeping part of the business. It is the collection and organization of the financial data of an organization. Accountants are those who are certified and educated in the collection and organization of this data. They must present this data to the company’s management in the form of statements such as balance sheets and income statements. These statements are them used by management to help keep the organization financially healthy. Accounting also involves the reporting
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chief lending money financial officers, other e.g., suppliers, bankers employees Government and regulatory bodies e.g., ATO, ASIC 11 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) In order to measure, process and communicate financial information, accountants follow rules, principles and standards. These rules, principles and standards are set by International Accounting Standards Board (IASB) Australian Accounting Standards Board (AASB) Financial Reporting Council (FRC)
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1 Principles of Accounting I Copyright © 2013 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision-making, planning, and controlling from the perspective of a practicing manager.
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| Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision making, planning, and controlling from the perspective of a practicing manager.
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| Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision making, planning, and controlling from the perspective of a practicing manager.
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Australia Accounting Standard Board (AASB) adopted the Framework for the Preparation and Presentation of Financial Statement. (Picker, Leo, Loftus and Wise, 2009, P30) The framework plays an important role as a guide to the AASB in developing accounting standards and resolving accounting disputes. Also, the framework address general purpose financial statement, which are the financial statements that an entity prepares and presents at least annual to meet the common information needs of a wide range
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STRUCTURE OF FINANCIAL ACCOUNTING Overview The primary function of financial accounting is to provide useful financial information to users external to the business enterprise. The focus of financial accounting is on the information needs of investors and creditors. These users make critical resource allocation decisions that affect the nation’s economy. The primary means of conveying financial information to investors, creditors, and other external users is through financial statements and related
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