Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) serve similar functions for different accounting entities. The GASB maintains accountability over state and local governments, while the FASB maintains adherence to standards for not-for-profit entities. Both governments and not-for-profit organizations use an expenditure approach to accounting where budgetary needs are the first priority over financial statements. Governments however, have additional reporting
Words: 730 - Pages: 3
in relation to financial Management |Different investment appraisal techniques | |Board of directors |Different sources of investment opportunities | |Financial Managers |Advantages and disadvantages of different source of finance | |Accountant |Historical financial information to forecast
Words: 4571 - Pages: 19
activities in accounting with some general understanding. Examine this statement? B. SAS 9: Accounting for Depreciation. You are required to discuss the requirement of this standard and compare its provisions with International Accounting? A. International Accounting is saddled with the responsibility of preparing and presenting financial statements that provide financial information about the financial position, financial performance, and changes in cash flow of a global business; and shows
Words: 2404 - Pages: 10
Acct 210 Midterm 1. List 3 different users (stakeholders) of financial statement information. Shareholders Investors Government Agencies 2. Describe the main difference between Financial Accounting and Managerial Accounting. Reports to those outside the organization: 1. Owners 2. Lenders 3. Tax Authorities 4. Regulators Emphasize financial consequences of past activities Emphasize objectivity and verifiability Emphasizes precision Emphasize summary data concerning
Words: 2604 - Pages: 11
far more than the sum of the parts. The new company will be able to take full advantage of uniquely complementary geographic reach, product portfolio, pipeline and R&D strengths. As a result of the merger, Pharmacia & Upjohn will have extensive financial and operating resources, market scope and earnings potential. Consequently, we fully expect the new company to achieve additional growth in expected 1996 EPS as well as acceleration of future earnings growth. Above all, Pharmacia & Upjohn is expected
Words: 13956 - Pages: 56
sophisticated digital imaging technology. Instruments Nikon’s microscopic ultra-precision tools are used extensively in bioscience, and contribute to greater efficiency in high-precision measurements in the field of industrial instruments. Statements contained in this report regarding the plans, projections and strategies of the Nikon Corporation and its subsidiaries and affiliates that comprise the Nikon Group (hereinafter “Nikon”) that are not
Words: 29192 - Pages: 117
10-K 1 d855870d10k.htm 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2014 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-28167 Alaska Communications Systems Group, Inc
Words: 63676 - Pages: 255
L 11 ESSAY ACC 230 - Cash Flow Methods By definition, the statement of cash flows is, “a financial statement that shows the sources and all of the uses of cash for an accounting period.” (Kemp & Waybright, 2013; 2010, p. 586) The statement of cash flows is also called the cash flow statement. Cash is the most important life line of a business. Without cash, the business cannot successfully maintain stability. Furthermore, without knowing where the cash is coming from, and going to, investors
Words: 866 - Pages: 4
|accumulated income |กำไรสะสม | | | | |account balance |ยอดดุลในบัญชี | | |
Words: 967 - Pages: 4
lesser than the value calculated under FIFO method and the closing stock will be lesser in LIFO due to the higher cost of sales which in turn would result in lesser gross profit. This is transferred to Profit & Loss Account/Income Statement/Statement of Financial Performance which in turn would result in lesser net profit & high tax savings as tax would be levied on lesser Net Profit. Here Golf Challenge Corp. can use FIFO method to comply with the loan financing requirements and also because
Words: 930 - Pages: 4
