To: Date: December 2 At the meeting last week, J&J was considering how it should account for the Shiny Teeth coupon drop that took place on October 1, 2012. As discussed of your concerns, we conducted our audit in accordance with auditing standards general accepted in the United States of America. My responsibility is to express an opinion on our findings of the audit. I believe that our audit provides a reasonable basis for our opinion. Our focus was on the Shiny Teeth coupon
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Accounting 2 ACCOUNTING CONCEPTS In the previous lesson, you have studied the meaning and nature of business transactions and objectives of financial accounting. In order to maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. In this lesson we shall learn about various accounting concepts
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performance. In Year 8, there was a 16.3% decrease in cost of goods sold. Based solely on this statistic, one would assume a smaller increase or no increase at all in units sold during Year 9. It is unclear where the basis for the projected unit sales has come from and that is problematic. Another problematic area is the accounts receivable projected budget, which also assumes an increase from $609,960 in Year 8 to $639,694 in Year 9. Accounts receivable suffered a 15.0% loss between Years 7 and
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THEORY OF ACCOUNTS ACCOUNTING CONCEPTS 1. Which of the following statements is/are true? I. Accounting is a service activity intended to fulfill a useful function in society II. Accounting involves the art of recording, classifying and summarizing transaction and events, and interpreting the results thereof. III. Accounting is an art but not a science IV. Accounting provides quantitative financial information intended to be useful in making economic decisions a. I, II, III, IV
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General Motors Maren Pöpsel Managerial Finance Ferhat Dastan Table of Contents Introduction 3 Historical Performance and Price 4 Historical Profitability 6 Historical Stockprice 7 Financial Statement Summary 8 Income Statement 8 Balance Sheet 9 Cash Flow Analysis 10 Ratio Analysis 11 Capital Structure 15 Equity Evaluation & Price Target 16 News and Highlights 17 Investment Upsides and Risks 18 Investment Recommendations 20 Introduction General Motor
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CH.8 -Inventory Classification: * Merchandise inventory- only inventory account that appears in the financial statements. -Perpetual inventory system- continuously tracks changes in the Inventory account. Records all purchases and sales of goods directly in the Inventory account as they occur. * Perpetual inventory overages and shortages generally represent a misstatement of cost of goods sold. Debi t Inventory over or short, credit Inventory. -Periodic inventory system- records all
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Accounting 2 ACCOUNTING CONCEPTS In the previous lesson, you have studied the meaning and nature of business transactions and objectives of financial accounting. In order to maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. In this lesson we shall learn about various accounting concepts
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right! Above all, an auditor must make an independent judgment about the validity of a company's financial statements. 4.Correct. It is called a balance sheet because it reports the balance or amount in each asset, liability and owners' equity account. 5.That's right. A balance sheet describes an entity's financial position at a point in time; the other two financial statements describe financial flows over a period of time. 6.That's right. An income statement describes the entity's operating
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3.0.1 International Business - University Assessment 100 Marks Course Content 1. Overview of the International Business Process 2. PEST factors affecting International Business 3. Government influence on trade 4. International Trade Theories 5. FDI 6. Country Evaluation and Selection 7. Collaborative Strategies 8. International Marketing 9. International Trade Agreements 10. International Trade Organizations 11. International HR Strategies . 12. International
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Qklhokn 1 Accounting Theory Paper-8 M. Com. (Final) Directorate of Distance Education Maharshi Dayanand University ROHTAK – 124 001 2 jktuhfr foKku Copyright © 2004, Maharshi Dayanand University, ROHTAK All Rights Reserved. No part of this publication may be reproduced or stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise, without the written permission of the copyright holder. Maharshi
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