ACCOUNTING THEORY AND PRACTICE (FAR 600) Teaching and Learning Arrangements (SEMESTER: JAN 2007 – APRIL 2007) COURSE CODE : FAR 600 PROGRAM : BACHELOR OF ACCOUNTING (HONS) CREDIT HOURS : 4 CONTACT HOURS : 4 STATUS : CORE SYNOPSIS This financial accounting course exposes students to accounting theory, corporate accounting policies and financial reporting practices. The importance of history is introduced through
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Andrenekia Milhouse September 10, 2015 System Analysis and Design The town of Eden Bay owns and maintains a fleet of vehicles. You are a systems analyst reporting to Dawn, the town’s IT manager. Background Eden Bay is a medium-sized municipality. The town has grown rapidly, and so has the demand for town services. Eden Bay currently owns 90 vehicles, which the town’s equipment department maintains. The fleet includes police cars, sanitation trucks, fire trucks, and other vehicles assigned to
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on Auditing (ISAs) are to be applied in the audit of financial statements under all reporting frameworks. Reporting frameworks are determined by legislation, regulations and promulgations of the Malaysian Institute of Accountants and where appropriate mutually agreed upon terms of reporting. ISAs are to be applied in the audit of historical financial information. Effective Date in Malaysia Effective for audits of financial statements for periods beginning on or after January 1, 2010. Reproduction
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...................................................................................................1 Methodology ........................................................................................................................2 A. Scope of the Analysis...............................................................................................2 B. MoU and Other Joint Projects..................................................................................3 C. SEC Rules
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•Dispersed guidance on fair value across IFRS •Perceived inconsistencies of fair value guidance across IFRS •Improved transparency by enhancing disclosures. •Convergence with US GAAP Scope IFRS 13 applies if another IFRS requires or permits the use of fair value IFRS 13 Excludes: •Share based payments •Leases in the scope of IAS 17 •Relief from Disclosures for IAS 19 employee benefits, IAS 36 impairment of assets and IAS 26 Accounting and reporting benefits for retirement benefits and plans Fair
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A City’s Fiscal Status: A Strategic Analysis I. General Approach A. Review the current economic, political and social, environment in which the city operates B. Identify and assess the impact of key factors likely to affect the city’s economic, political and social environment in the next five years C. Assess the city’s current status as revealed in its comprehensive annual financial report (taking into account the city’s reporting practices and policies)
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Cut Off: Cutoff relates to whether transactions and events have been recorded in the correct accounting period. Audit procedures must ensure that transactions occurring near year-end are recorded in the financial statements in the proper period. For example, the auditor may want to test proper cutoff of revenue transactions at December 31. This can be done by examining a sample of shipping documents and sales invoices for a few days before and after year-end. Audit evidence: Audit Evidence
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reasons behind the codification was to gather all US GAAP standards and make it easier for any individual to search for guidance in one place by using keywords or by narrowing the search by categories. Additionally, it eliminated the redundancy of statements among different standards and with just one source it allows the user to cite the relevant code with up to date standards. For instance, to find out the disclosure requirements with regards to initial indirect costs not included in an operating
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Portfolio Project ------------------------------------------------- Intel Inc. ------------------------------------------------- Refer to the Intel Inc. 2012 financial statements and the accompanying notes to answer the ------------------------------------------------- following questions. The 2012 financial statements of Intel can be accessed at: ------------------------------------------------- http://www.sec.gov/Archives/edgar/data/50863/000119312513065416/d424446d10k.htm Module 1
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Devry College of NY | Masters of the Universe | Accounting Project Case 11-3 | 12/7/2011 | | Introduction Mergers and Acquisitions are a normal part of the Corporate Finance world. Every week we hear news about large and small corporate mergers and buy-outs. They bring separate companies under the umbrella of a larger company that can be more efficient, created more profits and often offer more products, services and better quality. In this project we look at a joint venture
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