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ADVANCED FINANCIAL REPORTING
Advanced Financial Reporting
International Accounting standards
International Accounting standards
An older set of standards stating how types of transactions and other events should be reflected in financial statements. In the past, international accounting standards (IAS) issued by the Board of the International Accounting Standards Committee (IASC).
Main Features of IAS
Accrual in the ...
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ACCOUNTING
An Improvement to Accounting for Employee Benefits
Table of Contents
Introduction1
Discussion3
Issues with IAS 19, Employee Benefits3
Assumptions under IAS 19, Employee Benefits3
Plan assets under IAS 194
Key changes4
Effect of the changes in IAS 19 on the pension scheme6
Affect on some companies8
Governance9
Conclusion9
References11
An Improvement to Accounting for Employee Benefits
Introduction
The objective of International Accounting Standard ...
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GOOD TAX
Characteristics of a Good tax
Characteristics of a Good Tax
Key Principles in a Tax Policy
The primary purpose of taxation is to raise revenue to fund government expenditure programmes. Ultimately, different groups will have different ideas regarding the additional purposes of taxation. These will include redistribution and changing behaviour. It ...
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Codification Memorandum
Memorandum
To: Mr. CEO, Dane Hathaway
From: XYX
Subject: Financial condition of Company G in relation to industry standards.
Date: XX/XX/XXXX
The purpose of the memorandum is to explain whether noncash investing and financing transactions require disclosure according to the Accounting Standards Codification. Accounting Standards Codification aimed to systemize various rules and ...
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CAPITAL STRUCTURE
A View of Capital Structure
A View of Capital Structure
Capital Structure tells that how a corporation invests funds and assets with fractional arrangement of debt, equity and securities (Baker & Martin, 2011, p. 17). A business's capital structure is, in fact, the arrangement or composition of its liabilities. Suppose a ...
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EFFICIENT MARKET HYPOTHESIS
Efficient Market Hypothesis
Efficient Market Hypothesis
Introduction
Efficient market hypothesis is a theory originally developed in the 1960s by E. F. Fama, M. C. Jensen, & R. Roll. The hypothesis states that it is impossible to beat the stock market because all prices and information on the market are already incorporated ...
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MANAGEMENT ACCOUNTING
Management Accounting
Management Accounting
Introduction
The traditional budgeting process consumes extra time, and adds very little value; it also restrains managers to respond quickly to changes in the environment of business. It focuses on performance incentives and fixed targets, which typically leads to unethical and dysfunctional, behaviour of the management (Accounts, 2004, ...
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ACCOUNTING - ANALYSIS
Accounting - Analysis
Accounting - Analysis
Introduction
This essay needs to address the analysis of several ideas that can improve the earnings of top Notch Appliances, a seller of high-end appliances. Being a Certified Public Accountant for the company, I am given the task to evaluate the ideas of the ...
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FINANCIAL ACCOUNTING
Purpose of Financial Accounting
Purpose of Financial Accounting
Financial Statements is one most important thing necessary for the analysis of company's performance and it's working. Financial statement analysis is comprehensively conducted, in order to evaluate the past and current performance of the company. It also helps analyst analyze the kinds of ...
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MANAGEMENT ACCOUNTING
Management Accounting
Management Accounting
Introduction
The tourism and recreation industry is increasingly recognized as an important economic, environmental and social force, which can bring both benefit and adversity. A key element of a successful tourism industry is the ability to recognize and deal with change across a wide range of behavioral and ...
