prisoners dilemma in an environmental context

... the company and its managers. Trang 4Financial Reporting and Investment Decisions Trang 5Content of Financial Reports The Management Letter  The Financial Statements: – Balance Sheet – Income ... Trang 2Chapter 1: Financial Accounting and Its Economic Context Trang 3The Role of Financial Reporting in Investment Decisions prepare reports for owners of the companies.  Owners and other interested ... company and to the shareholders of the company  It expresses an opinion as to whether the financial statements present fairly the financial activities of the company and whether the financials

Ngày tải lên: 24/11/2016, 11:10

... etc. Trang 14Classifying Financing, Investing, and Operating Transactions Financing and Investing Transactions Operating Transactions Trang 15Group ANormal and recurring operating revenues and ... retained earnings is a subset of the SSE, and calculates the changes in the retained earnings component. Beginning retained earnings Plus: Net income Less: Dividends Ending retained earnings ... Trang 2Chapter 2 The Financial Statements Trang 3Business Activitiesstatements; business activities include: services. of productive assets. retirement/repayment of liabilities and equity. Trang

Ngày tải lên: 24/11/2016, 11:10

... determined Trang 15The Revenue Recognition Principle This principle determines when revenues can be recognized.  This principle triggers the matching principle, which is necessary for determining ... or market” is used to value inventory.  Problem: Some managers have abused the conservatism constraint in earnings management. Trang 27International Perspectivefinancial statements where creditors ... purchased.  For example, land and property used in a company’s operations are all valued at original cost.  Under IFRS, certain companies are allowed to value property, plant, and equipment at fair

Ngày tải lên: 24/11/2016, 11:11

... Overstating operating performance – “Taking a bath” – Creating hidden reserves – Employing off-balance-sheet financing Trang 10Assessing Earnings Quality Overstating operating performance through ... (3) management bias Trang 6Five Steps of Financial Statement Analysis Assessing the business environment.  Reading and studying the financial statements and footnotes.  Assessing earnings ... between the company and its customers and suppliers?  How are the company’s sales and profits affected by changes in the economy? Trang 8Reading and Studying the Financial Statements and Notes 

Ngày tải lên: 24/11/2016, 11:11

... ProblemsAllowance for Doubtful Accounts 3,000 Beginning (1) (1) W/O 5,000 20,000 AJE (3) 18,000 End Balance (2) (1) Post the beginning balance and write-off (2) Post the desired ending balance. (3) ... Beginning Balance Write-off of accounts 3 The “desired ending balance” in the allowance account is estimated using the percentage calculation or the aging schedule. Trang 31Allowance for Doubtful ... and the Allowance account Then the collection is like the collection of any other A/R. Trang 32Allowance for Doubtful Accts (T-account) Allowance for Doubtful Accts. Beginning Balance 5 Recognition

Ngày tải lên: 24/11/2016, 11:11

... then increase the Gross profit to $421 ($1,277 - $856) Trang 14b Error in Ending Inventory in 2008: = The 2007 error in the Ending Inventory changes the Beginning Inventory in 2008 and the ... Trang 11Trang 2Chapter 7:Merchandise Inventory Trang 33Trang 4Merchandise InventoryWhat is inventory?  Items held for resale to customers Who has inventory? Trang 71 Acquiring Inventory ... 2008? Trang 13E7-6 a Error in Ending Inventory in 2007: The $50 understated error in the Ending inventory means that the Ending Inventory should have been $268 + $50 = $318 This would change

Ngày tải lên: 24/11/2016, 11:11

... statement and are not reflected in the balance of retained earnings Trang 10Long-Term Equity Investments Trang 11The Cost MethodTrang 12E8-8 Mystic Lakes Food Company began investing in equity ... occurs when an investor company acquires a controlling interest (more than 50 percent of the voting stock) in another company If the two companies continue as separate legal entities, the investor ... depending on management’s intention). Trang 5Trading and Available-for-Sale SecuritiesPurchasing Trading and Available-for-Sale Securities - Recorded on the balance sheet at cost, including

Ngày tải lên: 24/11/2016, 11:11

... – Increase quantity of asset’s output – Reduce asset’s operating costs  Maintenance – maintain existing productivity or useful life  Accounting treatment – Betterments are capitalized – Maintenance ... to tangible assets (like buildings and equipment) that had multi-year lives.  Companies complied with the standard, but for several years many companies actually reduced Trang 29Other Intangible ... A company cannot capitalize the following: – legal fees for unsuccessfully defending a patent. – Most research and development costs for an internally developed patent. Trang 28Research and Development

Ngày tải lên: 24/11/2016, 11:12

... Trang 11Trang 3transactions or events.”Trang 4Liabilities Trang 5Reporting Liabilities on the Balance Sheet: Economic Consequences  Shareholders and investors – interest expense ... expense in the same period as the revenues generated by the sale. Trang 20Retirement Costs (App 10A)  Defined Contribution Plans – Less expensive than Defined Benefit Plans  Defined Benefit Plans ... the balance sheet Trang 8Figure 10-38 Trang 9Determinable Current Liabilities6 Sales tax payable 7 Income taxes payable (App 10B) 8 Payroll taxes payable Trang 10Determinable CL - continued

Ngày tải lên: 24/11/2016, 11:12

... ratings can lead to lower borrowing costs  Management has strong incentive to manage the balance sheet by using “off-balance-sheet financing” Trang 5Basic Definitions and Different Contractual FormsSome ... was offering an interest rate greater than the market rate, and investors were willing to pay more for the higher interest rate. Trang 20Problem 2 - Amortization ScheduleTo recognize interest ... 3 Financial Calculator (time value of money) Trang 18Problem 2: Bonds Payable$100,000 of its 5-year bonds which have an annual stated rate of 7%, and pay interest semiannually each June 30 and

Ngày tải lên: 24/11/2016, 11:12

... for any remaining balance (this is only necessary when we are decreasing equity). APIC - TS (1) 2,000 RE (2) 6,000 Trang 16Retained Earnings We will be expanding the basic retained earnings ... issued and outstanding at January 1, 2007 The stock had been issued at an average market price of $5 per share, and there have been no treasury stock transactions to this point Assume that, in ... earnings formula in this chapter Now the Statement of Retained Earnings will include the following: RE, beginning (unadjusted) xx Add/Subtract: Prior period adjustment xx RE, beginning (restated)

Ngày tải lên: 24/11/2016, 11:12

... Net Assets (beginning) = Net Income 9 Trang 10Financing, Investing, and Operating Transactions: A Framework Trang 11Classifying Operating Transactions11 Trang 12Format of the Income StatementSee ... company uses a multi-step income statement; more relevant for companies that are primarily retail or manufacturing (less relevant for service industries). – Income from operations indicates income ... Gross profit - Operating expenses = Income from operations + Other revenues and gains - Other expenses and losses = Income from continuing operations (IFCO) Trang 13 Format of the Income Statement

Ngày tải lên: 24/11/2016, 11:12

... Beginning balance + expenses – dividends = ending balance. 2 b Beginning balance + cash receipts – cash payments = ending balance. 3 c Beginning balance + dividends – net income = ending balance. ... Property, plant and equipment may include which of the following? 1 a Intangible assets and land. 2 b Inventory and equipment. 3 c Buildings and cash. 4 d Land and office buildings. Sanchez Corporation ... statements will you find a company’s financial position at a specific point in time? 1 a All financial statements combined. 2 b Income statement and balance sheet. 3 c Balance sheet and statement of

Ngày tải lên: 09/03/2017, 08:01

... amortization.Property, plant and equipment may include which of the following? 1 a Intangible assets and land. 2 b Inventory and equipment. 3 c Buildings and cash. 4 d Land and office buildings. Sanchez Corporation ... Beginning balance + expenses – dividends = ending balance. 2 b Beginning balance + cash receipts – cash payments = ending balance. 3 c Beginning balance + dividends – net income = ending balance. ... which financial statements will you find a company’s financial position at a specific point in time? 1 a All financial statements combined. 2 b Income statement and balance sheet. 3 c Balance sheet

Ngày tải lên: 09/03/2017, 08:01

... retained earnings activity for a year? 1 a Beginning balance + expenses – dividends = ending balance. Trang 42 b Beginning balance + cash receipts – cash payments = ending balance.3 c Beginning ... that an owner can purchase with cash only. The acquisition of equity and debt financing is considered: 1 a a financing activity. 2 b net income. 3 c an investing activity. 4 d an operating activity. ... less any accumulated amortization.Property, plant and equipment may include which of the following? 1 a Intangible assets and land. 2 b Inventory and equipment. 3 c Buildings and cash. 4 d Land and

Ngày tải lên: 10/03/2017, 10:44

... dividends = ending balance. 2 b Beginning balance + cash receipts – cash payments = ending balance. 3 c Beginning balance + dividends – net income = ending balance. 4 d Beginning balance + net income ... merchandise inventory. 4 d Patents, copyrights, and trademarks. The acquisition of equity and debt financing is considered: 1 a a financing activity. Trang 42 b net income.3 c an investing activity. ... following? 1 a Intangible assets and land. 2 b Inventory and equipment. 3 c Buildings and cash. 4 d Land and office buildings. Which one of the following groups of accounts contains only liabilities?

Ngày tải lên: 10/03/2017, 10:44

... liabilities, and shareholders’ equity as of a certain date 4 d operating, investing, and financing activities An internal control system 1 a.is maintained to ensure that transactions of a company are ... equity at a point of time 2 b operating, investing, and financing activities 3 c beginning balance plus income less dividends 4 d how much cash the company owes its employees CPA is an abbreviation ... expenses during a period of time 3 c how much cash that management has paid for bonuses 4 d operating, investing, and financing activities An explanation about the assumptions, estimates, and choices

Ngày tải lên: 10/03/2017, 11:19

... Beginning balance + cash receipts – cash payments = ending balance. 3 c Beginning balance + dividends – net income = ending balance. 4 d Beginning balance + net income – dividends = ending balance. ... Property, plant and equipment may include which of the following? 1 a Intangible assets and land. 2 b Inventory and equipment. 3 c Buildings and cash. 4 d Land and office buildings. Which account ... statements will you find a company’s financial position at a specific point in time? 1 a All financial statements combined. 2 b Income statement and balance sheet. 3 c Balance sheet and statement

Ngày tải lên: 24/03/2017, 15:41

... equity as of a certain date 4 d operating, investing, and financing activities Trang 5As a potential creditor, you are interested in a company’s ability to pay loan interest and principal as they ... management has paid for bonuses.4 d operating, investing, and financing activities A statement that “the financial statements were prepared in accordance with generally accepted accounting principles” ... and financing activities 3 c beginning balance plus income less dividends 4 d how much cash the company owes its employees An internal control system 1 a.is maintained to ensure that transactions

Ngày tải lên: 25/03/2017, 09:45

... represents retained earnings activity for a year? a Beginning balance + expenses – dividends = ending balance b Beginning balance + cash receipts – cash payments = ending balance c Beginning balance + ... AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting 35 Property, plant and equipment may include which of the following? a Intangible assets and land b Inventory and equipment c Buildings ... statements will you find a company’s financial position at a specific point in time? a All financial statements combined b Income statement and balance sheet c Balance sheet and statement of shareholders’

Ngày tải lên: 27/10/2017, 09:04