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Financial and Managerial Accounting

Financial and Managerial Accounting             To make a sound economic decision based on a firm’s performance, you must first understand and know the different accounting methods and principles that can...
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Financial Statements in Accounting

Financial Statements in Accounting 1. Why are the dates on financial statements important?  How do the primary financial statements (income statement, balance sheet, and cash flow) tie together?  What managerial...
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Managerial accounting

Describe in detail the method used in administering the operating budget or the capital budget for your organization. In the modern business world, budgeting is the prime objective and a...
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Managerial Accounting

Aside from legal and ethical implications, Accounting Technology has played an important role in keeping track of corporate numbers. Traditional paper based methods are often prone to human errors, providing...
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Financial Accounting and Reporting

Outlines of Accounting Pronouncements As indicated previously, this manual consists of 14 modules designed to facilitate your study for the Financial Accounting and Reporting section of the Uniform CPA Examination....
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Stock Option Accounting

Enron Company used over the counter derivatives in order to be able to hide that nature of what it was doing to make money. Today many former employees, retirees and...
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Financial Accounting

The FIFO method will consider goods coming in first to the issued by the company ahead of the last goods coming in case of sale. The result is therefore felt...
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Accounting process

Financial statements are the end-products of the accounting process which serve the financial information needs of various interested parties. The financial statement should be a faithful representation of the economic...
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Purposes of Financial Statements

The main objective of financial statements is to endow financial information to interested users in order to aid them in their economic decisions. This point has been claimed by a...
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