Statement of Financial Position
What are financial statements?
Financial statements are the means by which information accumulated and processed in
financial accounting is periodically communicated to the users.
NOTES TO FINACIAL STATEMENTS
What are the notes to financial statement?
Notes to financial statements provide narrative description or disaggregation of items presented in the
financial statements and information about it
What are the qualitative characteristics of financial statements?
Qualitative Characteristics are the qualities or attributes that make financial
accounting information useful to the users.
NONCURRENT ASSETS HELD FOR SALE
Explain a noncurrent asset classified as held for sale.
A noncurrent asset is an asset that does not meet the definition of a current asset.
The noncurrent asset may
What are the steps in the accounting cycle?
1. Analyzing the business documents or transactions. This means that the accountant
determines the impact of the transactions on the financial position as rep
STATEMENT OF COMPREHENSIVE INCOME
Define Comprehensive Income
Comprehensive income is the change in equity during a period resulting from transactions and other
events, other than changes resulting from transactions with
FRAMEWORK OF ACCOUNTING
The Accounting Standards Council defines accounting as follows:
Accounting is a service activity. Its function is to provide quantitative information, primarily financial in
What is the core principle of PFRS 8 on operating segments?
The core principle of PFRS 8 is as follows:
An entity shall disclose information to enable users of its financial statements to
INTERIM FINANCIAl REPORTING
What is interim financial reporting?
Interim financial reporting means the preparation and presentation of financial information for a period of less than one year.
Interim financial reports
Under the Framework , what is the meaning of recognition?
Recognition is a term which means the process of reporting an asset, liability, income or expense on the
face of the financial statement of
JOURNAL OF INTERNATIONAL ACCOUNTING RESEARCH
Vol. 11, No. 1
American Accounting Association
The Determinants and Consequences of
Heterogeneous IFRS Compliance Levels
Following Mandatory IFRS Adoption:
ONLY 2.17% of 2,000
respondents voted based on
the candidates' platform.
90% majority chose candidates
based on personalities, last
names and advertisements.
37.19% based their vote
revenues of new cutter
revenues of old cutter
change in revenue
CASH OPERATING COSTS
labor cost for new cutter
total operating costs for new cutter
labor cost for old cutter
total operating costs for old cutter
change in cash operating co
Board of Accountancy Resolution (BOA)
No. 3 series of 2016 (Compilation of
Antonio, Bollozos, Cadayona, Cadiz, Contreras, de Mesa
Resolution No.3 was signed on January 19, 2016 by the Board of
Accountancy (BoA), and
P18.26 Price Discrimination,
Is Jorells pricing policy supported by cost
differences in serving the two different classes
of customer? Support your answer with relevant
Chain store costs:
DWXI- Prayer Partners Fellowship Inc
SCHEDULE OF PRAYER MEETINGS
Our Lady of the Airways Parish Chapter
Every 1st, 3rd and 4th Monday 7:00 9:00pm
Our Lady of Fatima Cell Group
Airlane Road Every Wednesday 3:00 5:00pm
Pildera 2 Cell Group
Filipinos are known with its bayanihan spirit which describes how Filipinos regard their fellowmen so the
concept of cooperation or cooperativism is not something new to them. Prehistoric records show how
Filipinos have evolved their own
CHAPTER 3: Security Part I: Auditing
Systems and Networks
AUDITING OPERATING SYSTEMS
operating system - computers control
allows users and their applications
to share and access common
computer resources, such as
processors, main memor
Historical Cooperative Institutions and Traditional Forms of Cooperation
Cooperatives are institutions that are based on traditional solidarity and cooperation of individuals and
developed since the early phases of history until the beginning of the indus
Republic Act No. 9520
February 17, 2009
AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE "PHILIPPINE
COOPERATIVE CODE OF 2008"
"ART. 3. General Concepts. - A cooperative is an autonomous and duly registered association of persons
CHAPTER 5: Systems Development
and Program Change Activities
PARTICIPANTS IN SYSTEMS DEVELOPMENT
1. Systems professionals are systems analysts, systems engineers, and programmers.
These individuals actually build the system. They gather facts about proble
DATA MANAGEMENT APPROACHES
The Flat-File Approach - data files that contain records with no structured
relationships to other files
legacy systems- flat-file approach is most often associated with this.
-often large mainframe systems that were implemented
I am presently working on my thesis entitled _ as part of the requirements of
The researcher would like to request your cooperation by answering the questionnaire truthfully. Your
responses will be evaluated and used to answer the problem
In business, selling on account has its pros and cons. Allowing customers to
purchase with credit will expand a businesss customer base and thus potentially
increase its revenue. However, when customers do not pay, businesses are left with
As discussed previously, there are two accounting systems to keep track of inventory.
However, there are also four accounting principles that affect how businesses record
merchandise inventories. The four principles are the consistency principle,
Towards the end of an accounting cycle, companies begin the closing
process. Within the closing process, there are two types of accounts;
temporary accounts and permanent accounts. However, only one of
these two types of accounts is closed.
In the textboo