Accounting theory without a doubt, has transformed rapidly throughout the years due to changes in society, environment, globalization, and the expansion of various industries, which ties in with the needs for new accounting standards. However, some basic aspects remain the same, for example, the double entry system. These drastic changes throughout the years call for a change in the accounting standards and in order for accounting standards to be fair, efficient, reliable and reflect modern practices
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一、资产类 Assets 流动资产 Current assets 货币资金 Cash and cash equivalents 1001 现金 Cash 1002 银行存款 Cash in bank 1009 其他货币资金 Other cash and cash equivalents '100901 外埠存款 Other city Cash in bank '100902 银行本票 Cashier's cheque '100903 银行汇票 Bank draft '100904 信用卡 Credit card '100905 信用证保证金 L/C Guarantee deposits '100906 存出投资款 Refundable deposits 1101 短期投资 Short-term investments '110101 股票 Short-term investments - stock '110102 债券 Short-term investments - corporate bonds '110103 基金 Short-term
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difference between this period and last period from Balance Sheet) - Increase in CURRENT Asset accounts other than cash (calculate the difference between this period and last period from Balance Sheet) + Increase in CURRENT Liabilities accounts (calculate the difference between this period and last period from Balance Sheet) - Decrease in CURRENT Liabilities accounts (calculate the difference between this period and last period from Balance Sheet) + Loss on Disposal of PPE/Fixed Assets used in normal
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people, to read balance sheets and cash flow statements. We don't have receptionists. We don't think that they are necessary. We don't have secretaries either, or personal assistants. We don't believe in cluttering the payroll with un-gratifying dead-end jobs. Everyone at Semco, even top managers, fetch guests, stand over photocopiers, send faxes, type letters and use the phone. We have stripped away the unnecessary perks and privileges that feed the ego, but hurt the balance sheet and distract
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The Four Basic Financial Statements Marta Karina Briones ACC / 290 July 25, 2013 Professor Louann Schloss The Four Basic Financial Statements There are four basic financial statements in accounting, which are as follow: a balance sheet, an income statement, a retained earnings statements, and an income of cash flows. Each of these statements has their individual purpose in the field of accounting. According to Kimmel (2011),”…the four financial statements form the backbone of financial
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|[pic] |Course Design Guide | | |School of Business | | |ACC/561 Version 4 | |
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current audited financial statements . Banks/DFIs shall not approve and/or provide any exposure until and unless Loan Application Form (LAF) prescribed by the banks/DFIs is accompanied by a ‘Borrower’s Basic Fact Sheet’ under the seal and signature of the borrower as per approved format of the State Bank of Pakistan. REGULATION R-4 LIMIT ON EXPOSURE AGAINST UNSECURED FINANCING FACILITIES Banks/DFIs shall not provide unsecured/clean financing
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Revenue is defined in the Framework for the Preparation and Presentation of Financial Statements (2008) as increase in economic benefits during the accounting period in the form of inflows or enhancements of assets or decrease of liabilities that result in increase in equity, other than those relating to contributions from equity participants. Revenue is measured at the fair value of the consideration received or receivable taking into account the amount of any trade discounts and volume rebates
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Bangladesh University of Professionals | Financial Accounting II | Financial Statement Analysis of M.I. Cement Factory | Submitted to: Tapan Mahmud, Lecturer, FBS, BUP Submitted By: Fateh Abedin Chowdhury (B1203025) Shazed Kibria Khan (B1203035) Hisam Ahmed (1203050) Zahidur Rahman Sujon (1203008) 10/21/2013 | Bangladesh University of Professionals Financial Accounting II Financial analysis of M.I. Cement Factory Acknowledgement Any accomplishment requires the effort of many people and
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Factors / reasons for Good will: A person has to pay for goodwill when taking over a business or when admitted as a partner because of Profitability Reputation Locality Public relation Existing business means, the business is being operated and a balance sheet is there for the business at any time. The types of business purchase can be mentioned as follows: a) An individual (a person) purchases a business b) A partnership or a sole trader acquires the business of a sole trader c) Two
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