Accounting Standards

In 2000, Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Concepts #7 (SFAC). SFAC 7 states that the present value of cash flow should be used to estimate the fair value. SFAC7 presented a framework for accounting measurements of present value of fi
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SWOT Analysis

SWOT SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities and Threats. In the business and marketing environment, the SWOT analysis of an organization or company if done correctly could have a large impact on the success and profitability of the company. SWOT analys
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Healthcare Financial Analysis

Banner Healthcare Financial Analysis This is a healthcare organization located in the United States and operates over 20 hospitals across the nation. Banner HealthCare is a large organization and is 2nd largest in Arizona after Walmart. It has a mission strategy that directs its strat
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Ethics in Financial Reporting

Ethics in Financial Reporting Introduction The first thing is character, before money or anything else. – J. P. Morgan Integrity is of utmost importance for a successful career in business and finance in the long run. Some believe that the world of finance lacks ethical consider
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Steps involved in filing a tax refund

Smart ways of filing tax form Filing the Tax form has become easy today and even more convenient than it was earlier. Some of the taxpayers are still finding it difficult to file their returns and subcontract the total process to a tax professional. There are some e-filing portals gui
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Standard Costing

Standard Costing: Manufacturing Overhead Cost Concepts Introduction This paper examines standard costing, its use, and how it relates to manufacturing overhead while acknowledging its use for direct material and direct labour. What is manufacturing overhead? Manufacturing overhead is
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Exploring the ethical issues at Positive Accounting Solutions

Ethical Case Assignment Question 1 Stakeholders by definition are people and organizations who have interest with a business. They are affected by the activities of that business. They can be owners, managers, workers, customers, suppliers, lenders and the public. In the case study, t
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