accrual based accounting are two ways use to record revenue or expense transactions. However, there is a difference in recognizing cash and accrual accounting transactions. Moreover, in cash basis accounting, a transaction is recognized when the money changes hands. Therefore, cash receipts are treated as revenue and payments are treated as an expense. However, in accrual basis accounting, it records the effect of each transaction as it occurs. Revenues are recorded when they are earned and expenses are
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Ship it/delivered to stores 7. Report/refer: Brand recognition, referral from happy clients Finance • 1987 $4.2 million line of credit to meet seasonal cash needs at 3.75% over prime = 3.75+8=11.75%? i. Covers up to 70% of inventory costs and 80% of current AR • Revenue ranks top 10 worldwide 1984, estimated growth at 10% per year (Accurate to expect same growth? • Predicted revenues 1991 = $26 million • Estimated 1987 international revenues = 30% total sales • Cash balances average = $100
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disclosure, but the conditional nature of estimating of fair market value caused corporations to take the position that they could defer their liability indefinitely by ‘mothballing’ a contaminated property. Companies effectively postponed the recognition of the environmental liabilities in the absence of pending or anticipated litigation. Earlier this year, FASB clarified its intention by providing an interpretation that said companies have a legal obligation to reserve for environmental and other
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ACCOUNTING METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of
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accounting is used throughout most of the former British Empire. Ties between countries also help to explain similarities between the U.S. and Canada, and increasingly, the U.S. and Mexico. III. Differences in accounting across countries cause several problems. A. Consolidating foreign subsidiaries requires that the financial statements prepared in accordance with foreign accounting rules
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the fast-paced world of today, organizations must take full advantage of the collective knowledge of their people. This demands the creation of a new work environment in which communities of practice can share knowledge and work together to solve problems, to learn, to invent new methods, and overcome physical barriers of time and distance. In this session, we first discuss our experiences with transnational organizations, where cultural diversity leads not only to more difficult knowledge-sharing
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the globe. But Japanese government does not allow direct investment foreign. In the way two US Company approaches him for collaboration. First has fixed demand of 400000, with 5% more margin but no brand recognition of “Chrysanthemum”. Second has estimate demand of 600000 with brand recognition and also promotion cost for two years beard by him but profit is not provided for that period. It is advised to collaborate with second as promotion is beard by him initially. Word Count: 109
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TEAM CASE ANALYSIS OUTLINE ASSIGNMENT 1. Problem Statement and Objectives Implementation of Wal-Mart’s supply chain and success in India (in partnership with Bharati) What is the significance of the problem in terms of strategic marketing to the firm? * Cold chains [distribution chains for perishable items], warehousing and logistics infrastructure issues to be faced by Wal-Mart in India. * Competition by Indian small-scale retailers: Cultural differences in Indian retail
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ACC460( Government and Non-Profit Accounting )Complete Class Click This Link to Get The Tutorial: http://www.myhomeworkspot.com/ACC455-Corporate-Taxation-Complete-Class-002.htm Week 1 Individual Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Prepare a 350- to 700-word paper comparing and contrasting GASB and FASB accounting. Explain the objectives of the two standards boards and how they are similar and different
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introduced in the 1960s, businesses have developed a wide variety of programs and services that can help a corporation’s workforce, as well as the community, to live better, safer and healthier lives. While the primary goal of companies is to generate revenue, businesses have also accepted the challenge of taking on a greater responsibility for educating and servicing the general public in areas outside their realm of commerce. Arguments exist both for and against CSR. The Free Market view of Corporate
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