to determine deferred taxes, the various procedures used for reporting accounting changes and error corrections, and the rationale for establishing the subsidiary as a corporation. In addition it will address our professional responsibilities are as a Certified Public Accountants (CPA’s) and finally distinguish between a financial audit and a financial review. The Methodology used to Determine Deferred Taxes The accounting for tax liability is governed by the internal revenue service (IRS) code
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large firms is the creation of responsibility centers (e.g. cost, profit, or investment centers). The performance of these responsibility centers is evaluated on the basis of various accounting numbers, such as standard and actual cost, divisional profit or return on investment. A central role of the management accounting system therefore is to evaluate (i.e. attach a dollar figure to) the transactions between the different responsibility centers. Under the subject cost allocation we studied alternative
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CALIFORNIA STATE POLYTECHNIC UNIVERSITY, POMONA ACC 311 Intermediate Accounting I SPRING 2016 PROFESSOR: Dr. Hassan Hefzi OFFICE: 164-2085 OFFICE HOURS: 12:30 - 2:00 MW PHONE: (909) 869-2385 And by appointment E-mail: hhefzi@cpp.edu (I do not respond to e-mails on weekends) Text and other Materials: 1. Intermediate Accounting, Spiceland, Sepe and Nelson, 8th Ed., McGraw-Hill, 2016. 2. The Wall Street Journal, or the Journal of Accountancy. 3. FASB, Concept Statements
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School of Business Accounting 415/615 (Winter 2016) Department of AOIS Intermediate Financial Accounting II Instructor: Office: Phone: E-mail: Jason Lee BUS 4-30B 780-492-4839 jason.lee@ualberta.ca Office Hours: MW 11:00AM– 12:00AM Or by appointment Lecture Sections: B1 B2 MW MW 9:30AM – 10:50AM 12:30PM – 1:50PM BUS 1-10 BUS 3-10 Course Description and Objectives: ACCTG 415/615 is the second part of Intermediate Financial Accounting. This course builds
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been made to explain the direct relationship that the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have and how crucial the unification of these two setting standards entities are in these current days, where financial transactions are expected to perform globally. In addition, it is important to have a Master of Science in accountancy in order to prepare professionals in accounting to provide reliable information for this new environment of economic
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“The Expectation Gap” By: Kiara Holmes ACC 371 Intermediate Accounting I Instructor: Lin Zheng Writing Assignment 1 9/5/2012 The auditor’s role in fraud detection has had a long history of confusion and controversy. Despite increasing professional guidance, which has focused more attention on auditor responsibility to detect fraud, there’s still considerable uncertainty about where the auditor’s responsibility ends towards detecting fraud. This uncertainty leads to “The Expectation
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limits of the broad concepts underlying interindustry and national income accounting, the substance of this paper deals with, first, criteria of social accounting and, second, differences in analytic approach required by the specialized structure of differently composed social accounting systems. A pattern of interindustry flows of goods and services may, of course, be developed independently of considerations of social accounting or of measures of output for the economy—the two objectives of the national
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items. 3. Define receivables and identify the different types of receivables. 4. Explain accounting issues related to recognition of accounts receivable. 5. Explain accounting issues related to valuation of accounts receivable. 6. Explain accounting issues related to recognition and valuation of notes receivable. 7. Explain the fair value option. 8. Explain accounting issues related to disposition of accounts and notes receivable. 9. Describe how to report and
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One of these deadly inventions was the ‘assault rifle’. An assault rifle is a selective fire rifle that uses an intermediate-power cartridge and a detachable magazine. It is a lightweight rifle developed from the sub-machine gun, which may be set to fire automatically or semi automatically. By United States army definition, a selective fire rifle chambered for a cartridge of intermediate power. If applied to any semi-automatic firearm regardless of its cosmetic similarity to true assault rifle, the
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University of Cape Town | |Completed |B.Com – Honours in Financial Analysis & Portfolio Management | | |Accounting | | |Economics
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