but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent. • 97.5% • % 5. __________involves ensuring proper strategic controls and organizational designs. • Strategy implementation 6. A post-closing trial balance will show: • only balance sheet accounts 7. The preparation
Words: 1413 - Pages: 6
losses are presented in an income statement. Given an annual report, the student should be able to read, understand, analyze, and explain a C company’s Statement of Cash Flows to other decision makers and use the knowledge and skills to make business decisions. Key Concepts Explain the meaning and purpose of a statement of cash flows and the items that appear in the
Words: 125075 - Pages: 501
COMPENDIUM Budget Terms and Concepts Donald M. Patimo, MPM In partial fulfillment of the requirements in Budget Preparation and Fiscal Management October 18, 2008 Ability to pay This refers to the borrower’s ability to make interest and principal payments on debts. Accelerated depreciation This refers to any depreciation method that produces larger deductions for depreciation in the early years of an asset’s life. Account This refers to a record
Words: 31511 - Pages: 127
[pic] CASH FLOW STATEMENT & FINANCIAL STATEMENT ANALYSIS Submitted by: Syed Adnan Ali Gillani Roll Number: M3F14MCOM0003 M.com 1st semester Submitted to: Pro. Raja Sadaqat ACKNOWLEDGMENT In the name of Allah, Most Gracious, Most Merciful Praise be to Allah, the Cherisher and Sustainer of the worlds; Most Gracious, Most Merciful; Master of the Day of Judgment. Thee do we worship, and Thine aid we seek. The way of those on
Words: 6279 - Pages: 26
Amortized expenses. The costs for assets, particularly intangible assets such as intellectual property, which are depreciated (expensed) over time to reflect their usable life. Assets. The economic resources of a company. Assets commonly include cash, accounts receivable, notes receivable, inventories, land, buildings, machinery, equipment, and other investments. Asset turnover. A measure of how efficiently a company uses its assets. To calculate asset turnover, divide sales by assets. The higher
Words: 3306 - Pages: 14
budget * Control costs As project managers, understanding the basic principles of cost management is a must in order for them to be effective in managing project costs. Important concepts include profits and profit margins, life cycle costing, cash flow analysis, internal rate of return, tangible and intangible costs and benefits, direct costs, sunk costs and learning curve theory. Profits are revenues minus expenses. A company can increase revenues, decrease expenses, or try to do both in order
Words: 2211 - Pages: 9
tensions that are at the heart of many financial reporting dilemmas: stocks versus flows, ex ante versus ex post, conventions versus economic substance, and top-down design versus bottom-up evolution as sources of accounting practice. Associated with each of these conceptual dimensions is an accounting duality; in some cases, one side (e.g., stocks) is easier to measure in a reliable manner, while the other side (e.g., flows) is easier to measure in other instances. We suggest that financial reporting
Words: 4883 - Pages: 20
difficult to improve on Henderson and Peirson's [1983] 268-page thorough, balanced, well-documented portrayal of the evolutionary development of accounting thought from the "pre-theory period" (1494-1800), through the "general scientific theory period" (1800-1955), and the "general normative theory period" (1956-1970), to the "scientific theory period" (post-1970). The approach adopted for this chapter is therefore to aim for a concise summary of the products of normative accounting theory. The
Words: 12883 - Pages: 52
ACCOUNTING IN CONTEXT POTTER I LIBBY I LIBBY I SHORT ACCOUNTING IN CONTEXT BRADLEY N. POTTER University of Melbourne ROBERT LIBBY Cornell University PATRICIA A. LIBBY Ithaca college DANIEL G. SHORT Texas Christian University Boston Burr Ridge, IL Dubuque, IA Madison, WI New York San Francisco St. Louis Bangkok Bogotá Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto Copyright © 2009 McGraw Hill
Words: 7672 - Pages: 31
practical situations, (c) To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies and (d) To familiarize students with the fundamentals of computerized system of accounting. Contents : 1. A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards Accounting Standards Working knowledge of: AS AS
Words: 3005 - Pages: 13
