2.0 Market Research Industry Profile and Outlook Our company will operate in the internet television industry. The industry is relatively new, fast growing and revolutionary. Our company will broadcast channels from Russia and other post soviet countries through Internet Protocol Television system (IPTV). IPTV is the digital distribution of television content via internet. IPTV allows the users to choose channels and show from an archived database either by streaming it from the server
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as a consequence, the control of the steward became less direct (Noke 1991). Written forms of accounting became more common and accounting became increasingly reliant on documentation rather than ceremonial oath-taking. But, there was a problem in using the Roman numerals. Edwards (1981, p. 47) observes that the use of Arabic numerals was resisted on the ground that they could be more easily changed for fraudulent purposes. Thompson argues, more robust and public, and therefore
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SWOT Analysis of YG Strength Unique brand image, leading the creation of new trends The company’s potential for growth is huge in light of its superior creativity. For example, the company boasts the largest share of the domestic digital music market due to its creative music development. YG Entertainment sticks to the HIP-HOP style and leads the hip-hop fashion in this industry. YG catches the HIP-HOP heat point and distinct itself from the other regular K-pop entertainment company with digital
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Chapter 1 Accounting in Business QUESTIONS 1. The purpose of accounting is to provide decision makers with relevant and reliable information to help them make better decisions. Examples include information for people making investments, loans, and business plans. 2. Technology reduces the time, effort, and cost of recordkeeping. There is still a demand for people who can design accounting systems, supervise their operation, analyze complex transactions, and interpret reports. Demand also
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◦In March 2001, revenue numbers weren't at a satisfactory level, therefore Sullivan, in hopes to improve current profit margins, provided David Myers, Worldcom Controller, with "alternative financial numbers along with an implicit command to substitute them for the company's actual financial data."12 ◦Worldcom allocated significantly higher reserves for bad debt that would ultimately be used to boost operating income to meet income targets for that period.13 ◦Since revenues were booked when
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includes recognition of revenue, balance sheets, and outstanding share amounts. Organizations are required to follow the principles when reporting their financial statements. Professional accountants must abide by ethical standards that standarize the way they conduct business.The Financial Accounting Standards Board, professional accounting and finance organizations determine the ethical standards. Ethical decision making is important when financial executives address a problem or uncertainty
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Garmin is a Swiss company that develops consumer, aviation, and marine technologies for the Global Positioning System (GPS). It was founded in 1989 by Gerry Burrell and Min Kao in Lenexa, Kansas as ProNav, and in 2010 was incorporated in Schaffhausen, Switzerland, as the headquarters and successor to Garmin Cayman, which until then, had served as a holding company for Garmin corporation. Though their claim to fame came from their pioneering of marine and handheld GPS' for the US Army, they have since
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ISSUES IN ACCOUNTING EDUCATION Vol. 28, No. 4 2013 pp. 983–1007 American Accounting Association DOI: 10.2308/iace-50497 Second Round Electronics: A Case for Critical Thinking Nathalie Johnstone, Brandy Mackintosh, and Fred Phillips ABSTRACT: This instructional case requires students to provide advice to a client who is currently the sole owner of a for-profit company that reconditions and sells used electronics. The client is considering purchasing a similar company with the vision of expanding
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the consignment, and the cash remitted. Account, 68 A systematic arrangement that shows the effect of transactions and other events on a specific element (asset, liability, and so on). Companies keep a separate account for each asset, liability, revenue, and expense, and for capital (stockholders' equity). accounting cycle, 73 Standard set of accounting procedures to record transactions and prepare financial statements. accounting information system, 68 A system that collects and processes transaction
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financial statements. * Second, by referring to an existing framework of basic theory, it should be possible to solve new and emerging practical problems more quickly. It is difficult, if not impossible, for standard setters to quickly state the proper accounting treatment for highly complex situations. Practising accountants, however, must solve such problems on a day-to-day basis. By using good judgement, and with the help of a universally accepted conceptual framework, it is hoped that accountants
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