Chapter 3 (REVIEW-Self study chapter) After studying this chapter, you should be able to: Understand basic accounting terminology. Explain double-entry rules. Explain how transactions affect the accounting equation. Identify the steps in the accounting cycle and the steps in the recording process. Explain the reasons for and prepare adjusting entries. Explain how the type of ownership structure affects the financial statements. Prepare closing entries and consider other matters relating
Words: 1362 - Pages: 6
organization. Organizational culture is often called “the character of the organization”, since it embodies the vision of the company. The value of the culture influences the ethical standard within the organization as well as employee behavior. As per the OCI survey the organization has Aggressive/Defensive culture that encourages members to be competent, controlled, and superior. These organizations tend to place little value on people and include cultural norms that reflect expectations for members to
Words: 1824 - Pages: 8
What was M’s total after-tax expense in 2009 due to its share-based compensation plans? Stock options compensation expense: $13.0 Associated income tax benefits: ($4.4) Restricted stock compensation expense: $31.7 Associated income tax benefits: ($9.5)Estimated forfeiture rate on unvested stock options?expected fortre rate= (unvested stovk options-options expected to vest/unvested stock options. Unvested=outstanding (outstanding grants)-vested (options exercisable). Expected to vest=vested and expected
Words: 5072 - Pages: 21
comprehensive income. b) We believe that potential adoption of IFRS by U.S. companies may improve reporting of comprehensive income and increase its usefulness for decision making by investors. By presenting items of income and expense and components of OCI either in a single statement of comprehensive income with subtotals, or in two
Words: 1112 - Pages: 5
Organizational Culture Inventory March 23, 2011 GM591 Introduction XXX XXXXXXXXXXXXX (XXX) identifies themselves as a “one stop-one source resource for all things entrepreneurial.” They specialize in two broad areas: providing no-cost coaching to people exploring franchise ownership options and conducting business coaching to existing small business owners. Business coaching addresses sagging sales, eroding profits, constant case-flow anxiety, poor work-life balance, and marketing/advertising
Words: 1204 - Pages: 5
A Brief Introduction to Insurance On the face of it, the concept of an insurance business is pretty straightforward. An insurance firm pools together premiums that customers pay to offset the risk of loss. This risk of loss can apply to many different areas, which explains why health, life, property and casualty (P&C) and specialty line (more unusual insurance where risks are more difficult to evaluate) insurers exist. The difficult part of being an insurer is properly estimating what future
Words: 919 - Pages: 4
organization we need to understand where change is needed and where something should be created based on that change. We use the organizational culture inventory to understand why we have these issues and how we can change our organization to be better. The OCI indicates that the Augusta Housing Authority primary style is aggressive defensive, secondary style passive/defensive, and lowest ranking style to be constructive. This shows a major reason why the organization is not effective when handling employees
Words: 556 - Pages: 3
high-performance orientations, emphasis on teamwork, and emphasis on innovation (Ch.1, pg. 1.)” A solid structure is built from a strong culture accompanied by positive behavior. The Organizational Culture Inventory (OCI) is a tool used to access the behaviors of individuals within an organization. The OCI has identified three types of organizational cultures: constructive, passive/aggressive, and aggressive/defensive. Members that support and actively engage in teamwork are categorized as belonging to constructive
Words: 779 - Pages: 4
OFICINA DE CONTROL INTERNO INFORME AUDITORÍA ESPECIAL PAGO CONTRATISTAS Y PROVEEDORES Noviembre 11 a Diciembre 05 de 2014 Bogotá D.C., Diciembre 23 de 2014 1 INFORME AUDITORÍA ESPECIAL PAGO CONTRATISTAS Y PROVEEDORES EN LA UNGRD TABLA DE CONTENIDO I. INTRODUCCION 3 II. OBJETIVOS 3 III. ALCANCE 3 IV. METODOLOGIA 4 V. MARCO LEGAL 7 VI. VERIFICACIÓN DE ANTECEDENTES 7 VII. DESARROLLO DEL INFORME 8 VIII. CONTROLES ESTABLECIDOS
Words: 9993 - Pages: 40
Chapter 11: multinational accounting: foreign currency transactions and financial instruments L.O.11-1: Understand how to make calculations using foreign currency exchange rates The accounting issues * Foreign currency transactions of a U.S. company include sales, purchases, and other transactions giving rise to a transfer of foreign currency or the recording of receivables or payables that are denominated in a foreign currency. * Translation is the process of restating foreign currency
Words: 1861 - Pages: 8
