This report is aiming to disclose how the Annual report of Woolworths for 2012 apply the accounting standard related to estimation uncertainty and accounting policy judgments. Furthermore, the potential gap between Woolworths’ current practice and the accounting standard requirements will also be discussed. Paragraphs 122- 124 of AASB101 has explained the requirements of significant accounting policy judgments and paragraphs 125-133 has detailed what need to be done for estimation uncertainty
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Focus of the Final Paper Evaluation of Corporate Performance The Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a report either recommending or not recommending purchase of the company stock. Research Tip: The “Mergent” database in the Ashford University Library contains company profiles and financial information
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Second Homework 1. Publicly traded firms are required to produce annual reports and other disclosures. In what ways might a rival firm benefit from such disclosures? As part of your answer, identify at least one benefit that might have the effect of harming the disclosing firm. Analysts typically research and make buy and sell recommendations for about ten companies. Each analyst tends to follow firms that are all in the same industry. Why? Think about the process of gathering, understanding and
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ASSIGNMENT 1 - BATES BOATYARD QUESTION What would you tell Bates concerning her accounting needs? ANSWER Sarah Bates has just bought a small boatyard business in the coast of Maine. The previous owner has kept some accounting records including the profit and loss for the tax purpose. However, concerning the various potential business activities in the boatyard, Bates is expanding the business. In this case, she is in the Stage 1 of the business, at the early stage it is important for
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Ethical and Legal Implications of Excello Telecommunications Cheryl Moore ETH/376 March 4, 2012 Susan Paris Ethical and Legal Implications of Excello Telecommunications Excello Telecommunications has suffered a downward financial spiral. This downward spiral will affect bonuses, share prices, and stock options (Mintz & Morris, 2011). Terry Reed, the Chief Financial Officer of Excello Telecommunications, frets over showing the downswing in profits. In searching for additional reportable
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competitive retail industry, Macy’s and Dillard’s hold rank among the largest fashion apparel and home décor retailers. While both compete for the same target market, an examination of each companies’ annual report reveals important differences in their strategies, which inherently differentiates the report presentation, accounting policies, and financial condition of the two corporations. Brief Overview Macy’s, Inc. was founded in 1858 by a Quaker businessperson named Rowland Hussey. The company
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specification in order to create job analysis and position description of an HRM lecturer in North South University, a medicine doctor of Square Hospitals and a financial officer of BRAC Bank ltd. We tried to show how that is done through this project report. Over view of the organizations: It was a privilege for us to conduct a research and prepare a term paper on these three reputed organization in Bangladesh. Here is a brief overview of all the three institutions. i. North South University
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health & beauty, Disney stationary, Disney stores, Disney Publishing Worldwide, Disney Global Book Group, Disney Digital Books, Disney English, Disney Family Fun, Disney Baby Einstein, and Disney websites. According to the Disney 2010 financial annual report and share holder letter, consumer products generate revenue from the licensing characters from Disney film, television, other properties, publishing children’s books and magazines, retail stores, and internet shopping sites. The operating expenses
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Answer the following questions using the annual report of Dell, Inc. in Appendix A. a. Who is responsible for the preparation and integrity of Dell’s financial statements and notes? Management has the primary responsibility for the preparation and integrity of Dell’s financial statements and notes. b. In which note does Dell report its significant accounting policies used to prepare financial statements? Note 1 is where Dell report its significant accounting policies used to prepare financial
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On an annual basis, companies such as Procter & Gamble are required to file two well-known types of reports: the 10K filing and the Annual Report. The purpose behind both of these documents is to monitor a company’s performance for the past year. Stakeholders in the respective companies can acquire this publicly provided data and analyze the information for different purposes. While 10K filings and annual reports contain similar data, their perspectives differ. For example, consider that the
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