reports in investing decisions. The purpose of financial reporting is to provide investors with relevant information that faithfully represents the company’s financial standing. Unfortunately, this purpose is difficult to deliver. Accounting is by nature influenced by the inexact science of estimation, the ever-changing business world and human error both innocent and criminal. Any business student at Seton Hall knows how ethical issues are unavoidable and one does not have to look far to find numerous
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ADMN 233 Assignment 3 Part 1 Routine E-Mail Messages and Memos 25 marks (Questions 1 and 2) Refer as needed to material in Chapter 8. Read the instructions for each activity. Answer all questions clearly and concisely. Include examples to support your answers. Activity A – Routine memo Read the following scenario and respond to the question that follows. Scenario 1: Performance Assessment Judith Halls, Manager of Human Resources at The Maritime Fish
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Chapter 1: Introduction to accounting Multiple Choice 1. Which of these is a decision relevant to the accounting function of an entity? a. Whether debts can be repaid b. Finding the most cost effective way to produce goods c. The investment prospects of the entity d. None of the above e. All of the above 2. Under the Framework describes the qualitative characteristic of relevance as: a. information that is of value to users in decision making. b. information that can be classified. c. information
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Facts: On February 1 2009 Allfoods Corp. Announced that it was acquiring 80% of the outstanding common stock of Baked Beans Corp. On August 1 2009, the acquisition day, Allfoods paid 40 million in cash and issued 2 million shares of Allfoods to sellers. All the outstanding stock options granted to employees of Baked Beans will be replaced with Allfoods stock options. Allfoods share price was 30 on announcement date and 35 on acquisition date. Allfoods would issue an additional one million shares
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transaction should not be a material one for the acquirer, it would still be advisable to get the board’s approval. The acquirer shareholders will not be asked to express their vote on the matter, unless the transaction will fundamentally change the nature of their initial investment. While the default rule, in terms of votes required to consider the voted issue approved, is majority, it could be the case – for either or both the corporations involved – that the voting requirement has been changed
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Reading Material - AFM Project A Project is a set of inter related activities leading to a complete tangible or intangible product or service. e.g construction of a building / dam / ship, launching of a new product, conducting national elections, state level professional admission process, setting up a new plant A project in business refers to an organized program of activity carried out to meet a definite goal. In business it may be to launch a new product, set up a new plant, increase
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In April 2001 the International Accounting Standards Board adopted IAS 12. IAS 12 has to do with the accounting treatment for Income Taxes. There have been many amendments and changes over the years with the last one being in 2010. The objective of International Accounting Standard 12 is to advise on the accounting treatment for income taxes. The main issue in accounting for income taxes is how to account for the current and future tax consequences of certain items. One item it advises on
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A study on the factors of High Labour Turnover within the Hotel Industry in Johor Bahru 1.0 Introduction The hotel industry in Malaysia was considered the second highest industry that contributed to the national GDP. A report from the Malaysia Insider (2010) stated that 9% of the country’s GDP is contributed by this industry due to the increasing numbers of tourists visiting the nation. This can be seen from a 2010 report by the MTPB which showed 16.4 million tourists arrived in 2005, later the
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science, or even physical science, has a philosophical foundation of basic concepts that guide its development. There are some certain philosophical concepts in organizational behavior also. The concepts are; Individual differences, Perception, The nature of organization, Social Systems, Mutual interest, Ethics and Motivated behavior. Robbins et al (2004) explain that OB concepts are considered as an applied science as it provides theoretical concepts that are applicable to real life situations.
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& Gamble Company (P&G) Note 1 SIGNIFICANT ACCOUNTING POLICIES Identifying significant accounting policies helps Proctor & Gamble to interpret its financial statements and facilitate better financial presentation of its franchise. The Nature of company’s operations The Proctor & Gamble Company (the “Company”, “we” or “us”) provides over 300 branded consumer products in more than 160 countries. Their billion-dollar and half billion-dollar brands are amongst the strongest on the
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