NiCE Working Paper 09-108 April 2009 Quality of Financial Reporting: measuring qualitative characteristics Ferdy van Beest Geert Braam Suzanne Boelens Nijmegen Center for Economics (NiCE) Institute for Management Research Radboud University Nijmegen P.O. Box 9108, 6500 HK Nijmegen, The Netherlands http://www.ru.nl/nice/workingpapers 1 Abstract We construct a compound measurement tool to comprehensively assess the quality of financial reporting in terms of the underlying fundamental
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HALF YEARLY REPORT 2009-10 MARICO BANGLADESH LIMITED Half Yearly Report 2009-10 Marico Bangladesh Limited Balance sheet (un-audited) as at 31 March 2010 2010 Taka Assets Non-current assets Property, plant and equipment Cost Less: Accumulated depreciation Asset under construction Intangible assets Deferred tax assets Total non-current assets Current assets Inventories Goods in transit Accrued interest Investments Advances and deposits Advance income tax Fixed deposit Cash and cash
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CASE STUDY: NORMAN CORPORATION Case 8-1: Question 1 1. Female employees sued the company for $250,000. Large number of similar suits had been filed in other companies but results are varied. Norman outside counsel thought the company probably would win the suit but pointed out that decisions thus were divided and it was difficult to forecast the outcome. No provision had been made in financial statements. Answer: The transaction should be recognized based on the following points:
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What is the role of the accountant? There are many things that make a business successful whether it is the quality of the product/service that is provided, the advertising and marketing of a business or the reputation that a firm has built up, but for any business to run smoothly it is fundamental that the accounts are correct, well kept and provide the essential financial information in order for a business to see what sort of financial position it is in and for directors or people who run the
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Health Care Cost Study: Financial Statements The Patton-Fuller Community Hospital has been serving the community since 1975; so handling financial statements are familiar with them. The discussion in this paper will enlighten what is the difference of audited and unaudited statements, the relationship between revenue sources and expenses on performance, and the effect of revenue sources on financial reporting. It will also discuss is the hospital’s revenues and expenses grouped for planning
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Please provide your answer in the allowed space and show your work. Unexplained answers may loose points. Each question/problem is 2 points. 2. What factor(s) enable a public corporation to grow to a greater extent, and perhaps at a faster rate, than a partnership or a proprietorship? Explain. 3. What does the agency problem refer to? Explain. 4. Compare and contrast primary market and secondary market transactions as it relates to the flow of funds in the transactions. Explain.
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Part 1 Gross Profit Method Horton, Inc. suffered an inventory loss due to a flood. The following information is available to you. Beginning inventory $100,000 Net purchase 400,000 Sales 400,000 Inventory salvaged from flood 50,000 Instructions Use the gross profit method for estimating inventory to determine the loss due to the flood, assuming (a) gross profit is 25% of sales, and (b) gross profit is 25% of the cost of goods sold. (a) Ending inventory = Beginning inventory
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Houston Fearless 76, Inc Wen Han The main objective of the sales incentive system is to develop new markets and achieve revenue growth and consistent profitability. Evaluation of the old incentive plan Pros: commission is based on sales revenue and it is very straight and easy to understand and calculate. Cons: (1) the plan does not motivate sales person to develop
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ACCOUNTING (STATEMENT ANALYSIS) 222/525 PRACTICE TEST SOLUTIONS SECTION A SECTION B Multi-Choice Questions True/False Questions | 1. |E | | |1. |T | | 2. |E | | |2. |F | | 3. |E | | |3.
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Introduction Guillermo Navallez has been in the furniture making business for several years in Sonora, Mexico. This once quiet town was notorious for vacationing and has a great supply of timber for the furniture that Guillermo produces. Consumers pay a higher premium for the well-crafted furniture and his labor is inexpensive. In Guillermo’s Furniture Store scenario, there are various financial concepts that are found. Location For 13 years Guillermo’s furniture business was at a prime
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