Count: | 1690 | 2. PROGRAMME DETAILS: | | | Programme of Study: | BA (HONS) BUSINESS AND MANAGEMENT/Combined Studies | Lecturer / Tutor: | Posi Olatubosun | Module Title: | Principles Of Finance | Module Code: | OUBMC 1507 | 3. STATEMENT OF AUTHENTICITY: | | | I have read and understood the regulations regarding plagiarism, and in handing in this work testify that unless otherwise acknowledged, the work submitted herein is entirely my own. Student signature: | Gerard Reyford
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Face-to-face hand-in #3 Due: Session 3 Topic: Capital Assets In this face-to-face we will consider the implication of information about capital assets on the financial statements. Parts 1 and 3 will use the financial statements of Nestlé Group, which are posted in the Face-to-Face tab on the Blackboard content page. The questions, in three parts, are on the next pages. Submission Requirements * You must hand in your face-to-face submissions at the beginning of the class. TAs will pick up the
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SCON 6 article 25, assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. Assets has three characteristics: it embodies a probable future benefit that involves a capacity or in combination with other assets, to contribute directly or indirectly to future net cash inflows, a particular entity can obtain the benefit and control others’ access to it and the transaction or other event giving rise to the entity’s right to or control
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Financial Accounting, 9e (Harrison/Horngren/Thomas) Chapter 12 The Statement of Cash Flows 12.1 Learning Objective 12-1 1) The statement of cash flows is presented for a period of time. Answer: FALSE Diff: 1 LO: 12-1 AICPA Bus Persp: Legal/Regulatory AICPA Functional: Reporting 2) The statement of cash flows is an optional statement that can be prepared along with the income statement, balance sheet, and statement of retained earnings. Answer: FALSE Diff: 1 LO: 12-1 AICPA
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Sheet- Purpose and Uses ACCT 304 Week 2 DQ 2 Disclosure Notes ACCT 304 Week 3 DQ 1 Income Statement ACCT 304 Week 3 DQ 2 Cash-Flow Statement ACCT 304 Week 4 DQ 1 Revenue Recognition ACCT 304 Week 4 DQ 2 Time Value of Money Concepts ACCT 304 Week 5 DQ 1 Cash ACCT 304 Week 5 DQ 2 Receivables ACCT 304 Week 6 DQ 1 Inventory Classification and Systems ACCT 304 Week 6 DQ 2 Inventoriable Costs Cost-Flow Assumptions ACCT 304 Week 1 Homework Assignments Chapter 1: E 1-7 , Research Case 1-4
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Question 1 Explain using various examples,how the major accounting concepts are used in preparing financial statements. Accounting is the language of business and it is used to communicate finance information. In order for that information to make sense, accounting is based on 11 major concepts significantly. These fundamental concepts then form the basic for all of the Generally Accepted Accounting Principles (GAAP). And these are the major concepts: 1. Historical Cost Concept
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Largest quan3ty of accoun3ng data. • Examples: – Hours worked by employees. – Inventory on hand. – Amounts owed by customers. – Amount of money in bank. 1-4 Financial Accoun0ng Informa0on • For external users (investors) and managers. • Used by investors to make decisions to buy, sell, or hold shares of a company. • Annual report and its financial statements. – Common rules used so investors can compare with other companies’ financial statements. – No “tailor‐made” informa3on
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a)Introduction: This company was incorporated in 1990, Eksons Corporation Bhd was listed on the Second Board of the Kuala Lumpur Stock Exchange (now Bursa Malaysia Securities Bhd). After a reverse takeover in April 2000, Eksons was subsequently promoted to the Main Board in February 2001. The Eksons Group specialise in the manufacturing of tropical thin plywood of less than 3.0 millimeter in thickness, particularly in the 2.5 and 2.7 millimeter categories. The plywood is sold under the “Panda”
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is intended to cover most of what is said to be "good", "useful", or "desirable" about accounting information. The four-step structure of this chapter is depicted in Figure 2.1 (next page). To begin with, a search of the literature identifies three main Objectives of Accounting. This list of objectives, which is presented and discussed in Section 2.1, is intended to be simple yet reasonably complete. These objectives define the domain of discourse for this thesis. In Step 2, Section 2.2, the
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Mini Case (p. 45) Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre
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