8.6 Notes to the Financial Statements: Theses financial statements are the consolidated financial statements of First Bank Nigeria Limited and its subsidiaries, hereafter referred to as the Group. The principal activities of the Bank are mainly retail banking and corporate banking. Retail banking provides banking activities relating to individuals, such as savings accounts, investment savings products, loans and money transfers. Corporate banking includes activities relating to multinational and
The Audit Committee of Cubic’s Board of Directors in consultation with the company’s independent registered public accounting firm, Ernst & Young determined that the financial statements for the fiscal years ended September 30, 2013 and 2012 and each of the prior quarters of 2013 and 2012 are not in compliance with GAAP, causing the restate of financial statements. The
An empirical investigation of Big Data Analytics role in customer performance measurement INTRODUCTION The balanced scorecard is a managerial accounting tool designed to align managerial decisions with corporate strategy by focusing attention and effort on a balanced set of performance measures that are both financial and nonfinancial. Balanced scorecard information, if properly constructed, can enable managers to make decisions that fit best with firm strategy and it can encourage managers to exert
“Success is never certain; failure is never final” (Robert H Schuller). The economy turns around .A lot of opportunities comes your way. The winter passes; the spring returns. And those who keep on keeping on ultimately survive successfully and, in the process, is an incredible inspiration to others to keep their battles fighting bravely too. Yes I am talking about the ‘Entrepreneurs’, they are inspiration for others because they try to anticipate the roadblocks and dare to take a risk to combat
Smucker Company manufacturers and markets fruit spreads, peanut butter, baking mixes, frostings, fruit and nut snacks, shortening and oils, sweetened condensed milk, coffee, and sauces. Adjustments The J.M. Smucker Company makes adjustments to their accounting records towards the end of their fiscal year (April 30) in order to bring their accounts up to date and in-order to portray an accurate representation of the true value of their accounts. Such adjustments are made to accounts that are reclassified
Using the same examples above under Job Description the Job Specification for an Accountant would include the requirements needed which could be work experience in the field of accounting, knowledge of accounting software, strong attention to detail, an accounting degree and/or even a CPA license. For the warehouse workers the Job specification would again be different and would depend on what type of warehouse work but generally the requirements would be to have proven
Ethical guidelines have been around in the accounting field for many years. In the past decade the accounting field has become more focused on ethics due to some unethical practices that have occurred. In the United States, there is a code of conduct that management accountants and financial professionals are expected to adhere. This code of conduct is the IMA Statement of Ethical Professional Practice. “The Principles that underlie the IMA code including honesty, fairness, objectivity, and responsibility
Journal of Applied Management Accounting Research (Winter): 63-78. Anderson, P. F. 1979. Distribution cost analysis methodologies, 1901-1941. The Accounting Historians Journal 6(2): 39-51.Anderson, S. W. and H. C. Dekker. 2008 Strategic cost management in supply chains, Part 1: Structural cost management. Accounting Horizons (June): 201-220.Anderson, S. W. and H. C. Dekker. 2009. Strategic cost management in supply chains, Part 2: Executional cost management. Accounting Horizons November):
Policies between Sime Darby and Chevron Accuracy of Financial Information Sime Darby stated that accounting records is very crucial thing in their organization to creating a report, so the record must obey to the principles also laws and regulations as their created. As the Group relies on accounting records to produce reports, you must ensure that all business records and documents are prepared accurately, reliably and in a timely manner. Financial records also essential to the company decision
question Leeson on the roles that were out of his job description and help the firm mitigate risk of loss. 10. Accounting role: Bank reconciliation is an accounting role. Baring Bank failed to hire an accountant to man bank reconciliation and check the bank balances. By giving this power to Leeson, he was able to carry out fraud and falsification of documents without the knowledge of accounting