3. Comment on how the price/earnings ratio is influenced by the earnings per share forecasts. 4. What is the “Market Capitalization” for your company? 5.
It is also possible that managers do not adopt maximising behaviour at all, perhaps “satisficing” in response to shareholder discipline or that the policy of the firm is the result of complex interactions between various stakeholders. An For a firm to profit maximise, it would be the case that it sets output where marginal cost is equal to marginal revenue. If an additional unit of output were to be produced beyond this, it would add more to the firm’s costs of production than its revenue, thus reducing profit. The diagram below shows profit maximising output and the corresponding price, read from the demand curve. It also shows some other possible objectives for the firm.
These four basic financial statements are interrelated and consist of: income statement, retained earnings statement, balance sheet, and statement of cash flows. Accounting is an information system using three basics activities which are identify, record, and communicate economic events to interested users. Companies identify economic events relevant to its business. Financial activities are recorded systematically in a chronological order of events to provide history. Recording also will classify and summarize economic events.
The characteristics of the corporate form of business. 2. About the term "cash dividend". 3. Which accounts have debit or credit balances.
Qualitative characteristics of accounting information. 3. Elements of financial statements. 4. Operating guidelines (assumptions, principles, and constraints).
Which of the following best describes what is meant by U.S. generally accepted auditing standards? (1) Acts to be performed by the auditor. (2) Measures of the quality of the auditor’s performance. (3) Procedures to be used to gather evidence to support financial statements. (4) Audit objectives generally determined on audit engagements.
Market failure refers to a situation in which the market does not allocate resources efficiently. ANSWER: T TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxxii]. Since taxes affect only the price paid by the buyer, they cannot have an adverse impact on the allocation of society’s resources. ANSWER: F TYPE: T KEY1: C SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxxiii]. A monopolist has market power.
They can provide expertise that is not readily available in-house and can show a demonstrated competence in the learning that is required. 2. Why is it desirable to maximise individual and team participation in leaning events and how can this be done? Maximising participation in learning events allows the organisation to create efficient procedures to promote a positive learning environment. By establishing a learning environment the organisation is better prepared to conduct business, retain staff and ensure the organisational goals are met.
PCAOB, The Future of 404 Scott Carlson Mark Geiger Evallory Spratlin Kimberly Williams Liberty University Abstract Since the Sarbanes-Oxley Act of 2002 was implemented, small businesses have objected to what they describe as severe financial impacts, which are a byproduct of Rule 404 of the act. This paper will explore the allegations of small businesses, Congress’ response and what this dialogue means for the future of the Sarbanes-Oxley. The implications of this research are important because they have bearing on future regulation in the financial industry. The Sarbanes-Oxley Act of 2002 is a comprehensive bill that has proven to be a work in progress since its passage. The necessity of the bill can hardly be disputed
Overlooking an event afterwards and questioning yourself not as a criticism but in a way to develop yourself further. Task c How reflective practice contributes to improving the quality of service provision. When you continually reflect on the way you perform, you are assessing the areas where you can improve. Looking at how you can do something better or differently can only benefit the standard of service provided and to us as individuals. In addressing at how we can allow ourselves to grow and offer an enhanced service that we can openly reflect on, actually allows the whole service to improve as accepting changes can be made for the better is showing that you are receptivte to evolving.