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Question 1: What is revenue recognition? What issues or problems do companies encounter in revenue recognition? Give numerical examples to illustrate your points.
Question 2: What is deferred revenue? What is the link between realized revenue and deferred revenue? Give numerical examples to illustrate your points.
Question 3: How do foreign currency exchange rates affect revenue? Give numerical examples to prove your points.
Question 4: Most of the receivables are expected to be received in sometime later dates. Then, what is the problem a company may encounter if it cannot collect the money from the receivable? What measures does a firm can take to reduce possible losses?
Question 5: What are the most common operating expenses? Show your understanding of why they are important for the company's operations and performance.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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