Accounting And Decision Making Assignment

Revenue recognition is one of the top causes for financial statement restatements. In addition, revenue recognition is an area commonly questioned by the Securities and Exchange Commission (SEC) staff in their review of public filings and resultant comment letter process. Furthermore, revenue recognition is often prey to financial fraud.

1. How does PPLS create value for its customers? What are the critical risks that it has to manage well?

According to the fact of this case, Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary, and both of them all nonpublic companies. However, in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then, Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the bidding process in May 2009, Poor Son and OtherCo, the winning sponsor, filed a joint plan of reorganization to the bankruptcy court, but the plan was rescinded by OtherCo later due to significant market value shrink of Poor Son. After that, the

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.

1. Describe the structure of Royal Dutch/Shell Group. Does it differ from the equity listings of other companies that you know?

This case is related to Carrefour S.A. planning to finance its growth by issuing debt securities and considering borrowing in British sterling in order

BlueScope Steel is the leading steel company in Australia and New Zealand, supplying a large percentage of all flat steel products sold in these markets. The company's

only business activity is to sell pod racers imported from PD. ID pays a 20% import duty based on

Assets, liabilities, equity, revenue, and expenses has their own balance. A company will produce a trial balance which will give the balance of all these in a certain amount of time such as monthly, quarterly, or annually. The trial balance ensures that account balance is accurate. If the accounting equation isn’t balanced out then there is an error in the accounting records.

Student loans are borrowed by students to help them finance their studies. A study loan is made up of three parts. This includes the students course fees, course-related costs and their living costs. A student loan is free money, but eventually you will have to pay it back, which will also include interest on the loan. This report will talk about financial and non-financial information for tertiary students getting a student loan to help them make decision on whether to take a student loan or not. I will be studying at Auckland University, doing a business school course. The business course will last for 3 years.

The London Stock Exchange lists the FTSE 100 which is a share index of stocks of 100 companies showing the highest market capitalisation. This will be completed by discussing the movement of the company’s share during the time period. The companies will also be compared to the movement of the shares against each other, against FTSE 100 and against its industry sector. The records and comparisons will be all in context of Stock Market Efficiency. Stock Market allows a company to be aware of the trade with shares and finance which is at an agreeable price. Two of the companies chosen to

Aberdeen Asset Management plc (for the purpose of this report I will refer to the company as Aberdeen) is an international investment management group that manages assets for third parties; institutions and individuals (p.2, MarketLine Company Profile, 2015). Aberdeen is an extremely large firm and results from the last financial year showed net revenue of £1,117.6m and a pre-tax profit of £324.4m (p.1, Final Results 2014, AAM Plc). The group employs over 2,600 members of staff, in 33 offices across 25 different countries around the world, with its headquarters based in Aberdeen, Scotland (p.4, MarketLine Company Profile, 2015). The company has seen rapid growth since it was founded in 1983 through acquisitions and internal growth. In 1991 it began floating on the London Stock Exchange under the name Aberdeen Trust PLC (p.5, MarketLine Company Profile, 2014). Fig. 2 shows how the success of the company is reflected in its increasing share price since floatation, earning it a place in the coveted FTSE 100 Index in 2012 (Our History, aberdeen_asset.co.uk). The firm is authorised and regulated by the Financial Conduct Authority (FSA) in the United Kingdom jurisdiction. Aberdeen is a public limited company (plc) which means it has limited liability and its shares may be freely sold and traded by the public, Fig 2 shows the fluctuation of the share price in recent years. The current market capitalisation of Aberdeen, which is calculated

Erin should notify Smart Worx of the postponement as it is consistent with ethical principles of integrity and professional competence. As Erin is complying with these codes of ethics, she has nothing to lose or suffer as she followed the guidelines of the code and therefore cannot be

By: Charn Gek Cheng, Chiang Soo Ling, Kummar Sokali Muthu Mogan, Lee Siew Fen Samantha