Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Financial reporting has been likened to cartography:
Information cannot be neutral-it cannot therefore be reliable-if it is selected or presented for the purpose of producing some chosen effect on human behavior. It is this quality of neutrality which makes a map reliable; and the essential nature of accounting, I believe, is cartographic. Accounting is financial mapmaking. The better the map, the more completely it represents the complex phenomena that are being mapped. We do not judge a map by the behavioral effects it produces. The distribution of natural wealth or rainfall shown on a map may lead to population shifts or changes in industrial location, which the government may like or dislike. That should be no concern of the cartographer. We judge his map by how well it represents the facts. People can then react to it as they will.
Required:
a. Explain why neutrality is such an important quality of financial statements.
b. Identify examples of the lack of neutrality in accounting reports.
Greengage, Corporation, a successful nursery, is planning several expansion projects. All of the alternatives promise to produce an acceptable return.
santiago hernandez is planning to invest 25000 in a money market account for two years. the account pays interest of
Computing the present value of all cash flows associated with the new equipment minus the salvage value of the old asset,
stetson university teaches a large range of undergraduate courses. it is interested in determining the cost equation
Whichever one is chosen will be renewed indefinitely at the same cost and same OCF. Using a required return of 15%, which system should be chosen? (Show the numbers used to derive the answer.)
Consider an America Off Line thirty year, semiannual bond. It is issued at par today. Interest rates remain at 6 percent for five years, and then GRADUALLY, over 5 years rises to 7%,
One function of foreign exchange market is to convert the currency of one country in the currency of another. A second function of foreign exchange market is to offer insurance against foreign exchange risk.
your instructor will divide the class into to different debate teams.nbsp you will be responsible for composing your
a firms bonds have a maturity of 10 years with a 1000 face value an 8 percent semiannual coupon are callable in 5
Use the article How Good Are Your Cost Reduction Measures?
1. Toby Imports issued 17 year bonds 2 years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. These bonds currently sell for 102 percent of par value. What is the yield?
distinguish between beta or market risk within-firm or corporate risk and stand-alone risk for a potential project. of
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd