searched for articles on research studies within local government agencies and their financial performance measures. The research study I found is called, “Local Government Measurement and Use of Performance Accounting and Financial Reporting Data in Planning and Budgeting Decision Support” (2009). The study used a multi case study approach. The study was done to identify debt obligation performance in financial reports to assess the measurement of debt performance. The researcher selected three
Words: 663 - Pages: 3
Ethical and Professional Standards The candidate should be able to demonstrate a thorough knowledge of the CFA Institute Code of Ethics and Standards of Professional Conduct, familiarity with the Global Investment Performance Standards, and familiarity with corporate governance issues and risks affecting companies. Study Session 1 Ethical and Professional Standards Reading Assignments 1.* “Code of Ethics and Standards of Professional Conduct” Standards of Practice Handbook, 9th edition
Words: 16671 - Pages: 67
A++PAPER;http://www.homeworkproviders.com/shop/acct-6344-financial-statement/ ACCT 6344 FINANCIAL STATEMENT ANALYSIS ACCT 6344 Financial Statement Analysis, Multiple Choice Question The objective of forecasting is to develop Answer stand-alone financial statements for future analysis. a set of realistic expectations for future value-relevant payoffs. a balance sheet and income statement that articulate. financial statements for comparison to industry averages. Add Question
Words: 1107 - Pages: 5
remeasuring performance obligations to reflect significant adverse changes in circumstances on a timely basis, the onerous test increases the relevance because the estimated loss on performance obligation is recognized early on the financial statement. However, the financial statement information may not fully faithfully represent what it is intended to present, which implies that onerous test decreases reliability. Firstly, the early loss the onerous test
Words: 974 - Pages: 4
B E R 2 013 Building a better income statement If neither companies nor investors find GAAP reported earnings useful, it’s clearly time for a new approach. Ajay Jagannath and Tim Koller A company’s annual income statement should be Eliminating that duplicated effort should be a transparent disclosure of its revenues and simple. A commonsense revision of GAAP-based expenses that investors can readily interpret. income statements would divide the report Most aren’t, largely
Words: 1546 - Pages: 7
2009 International Accounting Standards Board (IASB® ) IFRS for SMEs ® International Financial Reporting Standard (IFRS®) for Small and Medium-sized Entities (SMEs) International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is issued by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. Tel:
Words: 82321 - Pages: 330
CASE STUDY – FINANCIAL REPORT ANALYSIS Three Executives of a well-known multi-national company decided to form a new company, named New Star Company Limited in 1974. These three executives were becoming close to their retirement age. Pifco-Zen Chen Company Limited, the company that they worked for had been in business for the last 80 years. It was their previous employer’s policy to retire the executives with a “golden hand-shake” worth approximately US$120,000 each. The three executives
Words: 2168 - Pages: 9
and ensure the efficient transfer of data (Hynes, 2011). The format of a report can be informal or formal. The more important the information is the more formal it is. One example of a report is the annual report. Annual reports are formal financial statements that are published yearly and sent to company stockholders and various other interested parties (Stittle, 2004). In this report will be a discussion of two organizations, AT&T and Verizon on their format and approach on their annual report
Words: 942 - Pages: 4
accounting statements show the true picture of the firm’s economic and business reality? 2. It was informed in Chapter 1, that organisations constantly create and exchange values with other firms. 3. How do organisations create value rather than destroying its values. 4. Does it necessary to have an partnership agreement between the partners ? 5. How does partnership organisations distribute its profits amongst the partners ? Chapter 3 – Introducing financial statements Key Concepts
Words: 880 - Pages: 4
government-wide financial statements, along with those of proprietary funds and fiduciary funds. Fiscal accountability uses governmental fund financial statements. Operational accountability’s measurement focus is based on the flow of economic resources, while fiscal is based on the flow of current financial resources. Lastly operational is accrual based, while fiscal is modified accrual based. 1-8. The three sections of a comprehensive annual financial report are an introductory section, financial section
Words: 369 - Pages: 2
