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Air France-KLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards. AF's annual report for the year ended March 31, 2011, which includes financial statements and disclosure notes, is included in AF's "Registration Document 2010-11," dated June 15, 2011 and is available at www.airfranceklm.com.
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What method does the company use to value its inventory? What other alternatives are available under IFRS? Under U.S. GAAP?
Describe weaknesses in internal control over information and data flows and the procedures for processing shipping notices and customer invoices, and recommend improvements in these controls and processing procedures.
you are an accountant at a local cpa firm that is auditing the accounting records of abc company. youve been asked to
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The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :
Examples of value-added activities include all of the following except and the following components of total quality cost, which is most damaging to a company attempting to achieve a reputation as a world-class manufacturer?
Shamrock Company had net income of $30,000. On January 1, the number of shares of common stock outstanding was 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preferred stock.
How common are dividend distributions in today's economic climate, particularly since the economic downturn of 2008 and 2009? Please comment on whether dividend distributions are concentrated in the companies that are publicly traded or whether cl..
What are some differences between internal and external auditors? And in your organization who audits your financial's statements? Or a company you are familiar with? Are you involved in either type of audit process?
Now that you understand what an AIS is, let's discuss the difference between data and information? Which one, in your opinion is more useful?
The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $3,000 on hand. The adjusting entry that should be made by the ..
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