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Assume your role as an accountant requires you to report to senior central management on the performance of your division. Unfortunately, results have not been as strong as expected, with profits lower than budgeted, although revenues are doing well. Your direct (divisional) manager has instructed you to focus on that the fact that revenues are up and try and hide the fact that profits are down.
Describe and explain the key ethical principles which professional accountants are expected to follow in general.
Discuss which of these principles seem most relevant to the decision faced by you in this example and state what you would do.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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