Economic profit vs gaap profit difference
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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It focuses on internal reporting and is not restricted by generally accepted accounting principles (GAAP). ... This difference is caused by the fixed cost increment from 101 to 200 tons being spread over an increment of 80 tons, while the fixed cost increment from 201 to 300 tons is spread over an increment of only 20 tons. ... Operating profit ...
GENERAL INSTRUCTIONS - European Banking Authority
2.Statement of profit or loss (2)10. 3.Statement of comprehensive income (3)11. 4.Breakdown of financial assets by instrument and by counterparty sector (4)11. 5.Breakdown of loans and advances by product (5)12. 6.Breakdown of loans and advances to non-financial corporations by NACE codes and by residence of the counterparty (6)13
[DOC File]Understanding GAAP, GAAS, and the Accounting Cycle
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1 The basics of gaap, gaas, and financial reporting. Rashell Young. Consultant The Basics of GAAP, GAAS, and Financial Reporting. By Rashell Young, MBA, MPH. Generally Accepted Accounting Principles (GAAP) GAAP provide reporting companies, investors, lenders, and others with a framework that covers both general principles and specific practices.
[DOC File]ANSWERS TO QUESTIONS
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An economic entity assumption. 2. A going concern assumption. 3. A monetary unit assumption. ... The auditor will note the effects of misstatements on key ratios such as gross profit, the current ratio, or the debt/equity ratio and will consider such special circumstances as the effects on debt agreement covenants and the legality of dividend ...
[DOC File]FINANCIAL ANALYSIS
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Generally Accepted Accounting Principles (GAAP) Guidelines and rules, that govern the preparation financial statements. Accrual (vs. Cash) Basis of Accounting ... Economic Benefits and Risks are transferred to Lessee. ... Not included in calculating profit. Deducted from profit …
[DOC File]Table of US GAAP, IFRS and Intermediate Textbook chapters ...
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Required disclosures include both basic and diluted calculations of per share income from continuing operations and net profit or loss. US GAAP requires additional per share disclosures (on the face of the financial statements or in the notes) for discontinued operations, extraordinary income/loss, and the cumulative effect of a change in ...
[DOC File]What are the types of finite risk reinsurance transactions
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The ultimate conclusion is that for GAAP purposes, the agreements would qualify for reinsurance accounting under FASB Statement 113 only as stop-loss and that only the expense and profit charge should be recognized as the ceded premium. Analysis indicated that the only impact to surplus is the expense and profit charge.
[DOCX File]Generally Accepted Accounting Principles - StudentHome
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Generally accepted accounting principles (GAAP) ensures that all companies are on a level playing field and that the information they present is consistent, relevant, reliable, and comparable. Although U.S. GAAP is only applicable in the U.S., other countries have their own versions that are similar in purpose, although not always in design.
[DOC File]ANSWERS TO QUESTIONS
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Based on return on assets (ROA), Kimco is performing better than Liberty. The main driver for this difference is strong profit margin, which is over three times that of Liberty. Even though Liberty has a higher asset turnover (.13 vs. .11), this results in only a 2.2% ROA when multiplied by the lower profit margin. Summary Entry
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