Implications and Consequences: +Provides an opportunity for earnings management. + Reflect the current period’s true and fair results. -Requirements for annual impairment testing of goodwill and other non-amortised intangible assets. -Difficulties surrounding the identification of a cash-generating unit. -Challenges in projecting cash flows and estimating various assumptions for the testing of value in use. Kolb’s TEL with Paul’s Critical Thinking Components: IAS 36 Impairment of assets-assess
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the automobile industry. Those companies commit a great amount of their resources or assets to property, plant, and equipment. As a result, investors and creditors are greatly interested in the valuation of those assets. They carefully examine the financial statements of those companies and the valuation methods used to record the assets. Those investors and creditors rely on accountants to report the extent of amount committed to long term assets and to report the proper value of the assets. Cost is
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Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Accountants or individuals, who put the financial statements together, need the knowledge of the two different accounting standards board. The Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) differ from each other and are similar in different ways and individuals need knowledge of the differences and similarities. GASB and FASB allow use
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重点讲述了会计报表、会计科目和报表间勾稽关系等内容，旨在为读者提供估值建模所必 备的会计知识。本章亦体现了我国的新会计准则和会计体系。 1.1 会计基本概念 1.1.1 会计的定义 会计（Accounting）是以货币为主要计量单位，综合反映企业（本书后面还会常用到 和“企业”相近的一个概念“公司” ，两者虽然在法律上有区分，但在本书中均指以营利为 目的的经济组织）的财务状况、经营成果和现金流量，并对企业经营活动和财务收支进行 监督的一种经济管理工作。 企业会计有两大分支：一是管理会计（Management Accounting） ，它主要为企业内部 管 理 者 提 供 信 息 及 决 策 依 据 ， 所 以 也 叫 对 内 报 告 会 计 ； 二 是 财 务 会 计 （ Financial Accounting） ，它向企业外部信息使用者提供信息及其决策依据，也叫对外报告会计。 1.1.2 会计准则 企业记账要有统一的标准， 这样才能方便企业外部的信息使用者对不同企业进行比较。 基于这种要求，会计准则（Accounting Standards）应运而生，它是处理会计业务最重要、 最核心的标准。1992 年我国发布了第一个会计准则，此后财政部又对该准则作了系统性的
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Sunday | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29Jason off | 30Jason off | 31 | | | | August August Sunday | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | | | | | 1 | 2 | 3 | 4 | 5No School | 6Julie | 7 | 8 | 9 | 10 | 11 | 12Julie 2:45-5pm | 13Julie2:45-5pm | 14 | 15 | 16 | 17 | 18 | 19Julie2:45-5pm
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RA 7-4 LOBLAW COMPANIES LIMITED AND EMPIRE COMPANY LIMITED (a) Loblaw is primarily a retailer of food, general merchandise, drugs and financial products. It operates 609 corporate owned stores and 427 franchisee owned stores. Empire operates in two businesses – food retailing and real estate. Food retailing is the distribution of food products throughout Canada under the banners of Sobeys, IGA, and Price Chopper to name a few. The company has owned and franchised outlets. The real estate
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CHARACTERISTICS OF ALL DEBT INSTRUMENTS Bonds- long term debt which specifies: * Principal (amount owed) – they are liabilities of their issuers for a specified amount. * Interest (payment for the use of the principal) The owners of debt instrument receive payments (interest). The payments are usually fixed and are often referred to as the “coupon”. Interest should not be confused with other forms of income, such as cash dividends paid by common and preferred stock. Dividends come from
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FA HOME WORK COMPREHENSIVE PROBLEM: CHAPTER 2 TO 4 a) Journal GENERAL JOURNAL Page J1 Date | Account Titles and Explanation | Ref. | Debit | Credit | 2010, | | | | | | July | 1 | Cash | | 14.000 | | | | J. Molony, Capital | | | 14.000 | | | Equipment | | 10.000 | | | | Cash | | | 3.000 | | | Accounts payable | | | 7.000 | | 3 | Cleaning supplies | | 800 | | | | Accounts payable | | | 800 | | 5 | Prepaid insurance | | 1.800
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It’s very easy to find information for a research paper but it’s not in most cases simple to add information to your paper without falling a victim of plagiarism. The tests gives guidelines on how one can avoid plagiarism in while writing a research paper to ensure that it is free of plagiarism. From the quiz I undertook on plagiarism, pre-test score was low as compared to post-test score which was higher. Only four questions were answered correctly in the pre-test quiz. This was due to limited
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The tem initial Public Offering refers to a company stock market launch sale of stock for general public to purchase. It is the transformation of a private company/organization to a public company/organization. IPO is a way for the company/organisation to conjure more capital for its their business expansions This helps the company/organization to easily raise expansion capital to fund additional projects with positive cash flow. Hence, it reduces debts the company/organization will have if they
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