‘Electra’-fying competition faces ‘Fockers’
Posted by
,
No Comments
">
Friday, January 14, 2005
U.S. and Canada — North American movie box offices were dominated by Universal pictures last weekend as two of its films, a comedy, Meet the Fockers, and a horror flick, White Noise, together raked in a combined $52.6 million, more than half the $98.3 all films made over the Jan. 7 weekend, according to film tracking firm Box Office Mojo.
But Universal’s dominance of the North American box office receipts is in danger as 20th Century Fox, Paramount, Warner Brothers and Sony all have films debuting in wide release Friday.
After a two-week drought of new releases with Noise the only debut, the Jan. 14 weekend is relatively crowded as three new films bow and one Oscar-buzz movie expands into wide release.
- Elektra (PG-13) [1:37] Among the new entries is the Jennifer Garner star vehicle Elektra a semi-sequel to 2003’s comic-book based Daredevil where Garner reprise a role of anti-hero. Elektra bows in 3,204 theatres.
- Coach Carter (PG-13) [2:14]: Paramount pictures releases the 134-minute metaphor heavy Coach Carter, a production of MTV Pictures, featuring Samuel L. Jackson in an inspirational inner-city high school sports movie. Coach Carter will debut in 2,524 U.S. and Canadian movie houses.
- Racing Stripes (PG) [1:24]: Warner Bros. also enters the debut fray with its live-action talking animal family movie, Racing Stripes, featuring the voices from such a diverse cast as Snoop Dogg, Mandy Moore and Dustin Hoffman. Racing Stripes starts its run with 3,185 venues.
- House of Flying Daggers (PG-13) [1:59]: Sony Pictures Classics is expanding its wire fu Chinese war epic, House of Flying Daggers. The film has made it to several critics best-of-the-year lists and is considered a front runner for Academy Award nominations in several technical categories.
No Comments
Click Here For More Specific Information On:
Preparing Bu_ine__ Acc_unts Using The Accru_l Account_ng M_th_d
by
Kenton Casimaty
A__rual accounting is pr_paring the business accounts using the accrual _ccounting concept, wh__h i_ one _f the fundam_ntal accounting principl_s. The object_ve b_hind a__rual account_ng i_ _mat_hing_, wh__h _s b_sic_lly ensuring that all r_v_nu__ and _ll ex_enditures are recorded _n th_ accounting per_od to wh_ch th_y rel_te, i.e. t_ the a__ounting peri_d in wh_ch the revenue was e_rned _r the expense incurred. It d_esn_t matter _f th_ revenue wa_n_t a_tuall_ re_eived _n th_ account_ng _eriod, n_r doe_ it matter if the _xp_ns_ w__n_t actually p_id _n th_ a__ounting p_riod, the import_nt th_ng is to ensure the transaction is compl_t_ly and _ccur_tely recorded.
Accrued _x__ns_s and _re_ayments are the mo_t __mm_n accounting adjustments to make sur_ the accounts _dh_r_ to a__rual accounting requ_rements, and the_e adjustments are be_t expla_ned b_ way of an example. Let_s suppose a bus_ness has a D___mb_r accounting period end. In the M_rch _ft_r the accounting _eriod end the bu_ine__ rece_ves a wat_r bill for $300, wh__h c_vers December, Januar_ and February. S_n_e part _f the w_ter b_ll relates to _ur period end the ___ru_l account_ng principles state we n__d to include a proport_on _f the w_t_r bill _n our accounts. If w_ do not have a precise amount the _nl_ wa_ we can qu_ntify the _x__ns_ is to equally apport_on it, therefore _n th_s scenari_ w_ w_ll include a $100 accrued expense ($300 x 1/3) by debiting th_ w_t_r rate_ account in th_ profit _nd loss _ccount and cr_diting the accruals account in the balan_e sheet.
There are many different t_pes _f expenses that will straddle two accounting _eriods, _ll of which _r_ treated _n this way und_r th_ accrual accounting principle_. In additi_n to expenses that str_ddle two account_ng p_riods it i_ n_t uncommon to receive suppli_r purchas_ invoices late. Y_u may make many purch_ses during the per_od t_ the _nd of De_ember, i.e. b_for_ the end of the accounting period, but the supplier m__ not actually issue the _nvo_ce until after the accounting period end. Even th_ugh the _nvo_ces _re received and settled _fter th_ end of th_ accounting period the expen_e still rel_tes t_ the accounting period end and under th_ a__rual acc_unting principles th_ expense n__d_ t_ be r_cord_d in our _ccounting period end. In an_ther _xam_l_ we w_ll assume the same December accounting period _nd, as abov_. The business r_nt_ _ut a property for $12,000 per annum, which i_ paid quarterly in advance _n February, May, Augu_t _nd November. The payment in November covers November, December _nd January, which i_ after _ur accounting _eriod end. To r_cord th_ entire $3,000 payment w_uld not be _n acc_rdance with a__rual account_ng principles _ince th_ expense for J_nu_ry relates to the next _ccounting per_od. In th__ sc_nario we have a pr_paym_nt (i.e. a p_yment _n advan_e) and, under the accrual
[youtube]http://www.youtube.com/watch?v=j71Kmxv7smk[/youtube]
accounting
principl_s, we need to
recognise
th__ fact. Th_ am_unt _f the _re_ayment _s $1,000 ($3,000 x 1/3) and is po_ted to the general l_dg_r b_ d_biting th_ prep_yments account on the balance sh__t _nd crediting the r_nt expen_e in th_ _r_fit and l___ a__ount.
Und_r the accrual accounting concepts th_r_ m__ be other types of _match_ng_ adju_tment_ su_h as pr_viding for deferred and accru_d _ncome. Deferred income i_ incom_ relat_ng to the next accounting peri_d but is re_eived _n the current accounting period, _._. the customer pays in _dv_nc_ or u_fr_nt. Under th_ accrual acc_unting prin_iples we need t_ d_bit th_ _ncome acc_unt _n the profit _nd loss account and _red_t the deferred incom_ account in the balance sheet. Accrued income i_ income that r_l_t_s t_ th_ current _eriod that is not rece_ved until the following account_ng period. Under the _ccru_l accounting pr_nc_ples we have to adjust f_r th__ by d_biting the accru_d income a__ount _n the balance sheet and crediting the sales a___unt in the _rofit and loss a__ount.
Once the current accounting _eriod has been finalised and th_ general ledger account_ closed down, th_ _ccru_l account_ng _on_ept requires us to r_v_r__ the adjustments, hence matching them to the _orre_t a__ounting period. All sets of a__ounts and financial _tatement_ _r_ required to be prepared using th_ accrual account_ng conce_t. It do_sn_t m_tt_r whether the accounts are for a s_l_ trad_, a partnership, a limited l__b_l_ty partnership, a limit_d l__b_l_ty compan_ or a publ_c company all statutor_ and published account_ h_v_ t_ be _re__red using accrual accounting. A__ounts that _r_ produced for internal _ur_oses, su_h _s for manag_m_nt reporting, do not have to b_ pr_par_d us_ng accrual accounting but in the real world even int_rnal manag_m_nt accounts that are onl_ go_ng to be used b_ the bus_ness owners ar_ prepared using a__rual accounting principles. Accrual account_ng __ the standardised _nd accepted meth_d _nd that is what all organisations us_. M_ny people f_nd th_ accrual accounting c_ncept difficult t_ grasp at f_r_t, but if y_u take a _tep back and th_nk about _t _ccru_l a__ounting __ logical and _t will soon f_ll in to place.
Pre_aring accounts and fin_nci_l statements using the a__rual accounting concepts _s not difficult, however _t w_ll require a bit of thought. In th_ real world it _s the a__rual_ accounting concept th_t _revent_ accounts and fin_nci_l _t_tement_ being prepared th_ day _ft_r the end _f the a__ounting period. B_for_ the _ccounting period l_dg_r_ c_n be _losed and th_ accounts pr_par_d you need t_ en_ure th_t all invoic_s relating t_ th_ peri_d _nd have been received. Many suppliers take two to three w__k_ to ___ue purchase invoic_s, s_ if the business acquired good_ _nd services close to the year _nd the _urchase invoice w_n_t be received until the m_ddle to th_ end of January, th_r_for_ the l_dg_r_ cannot be cl_sed d_wn unt_l the end of the first month immediatel_ _fter the acc_unting p_riod end.
?? n?me is K?nton from Blackb??ough ?nd
studyingInternational
Relations.I did my ??hool?ng, secure? 73% and ho?? to fin? someone w?th ?ame inte?ests ?n Nor??? skating.For more info in ?eg??ds t?
accountants firms
ta?e a lo?k at http://socialcompact.org/index.php/member/329584/
Article Source:
ArticleRich.com
">
Iraqi restaurant hit by suicide bomber
Posted by
,
No Comments
Thursday, December 11, 2008
A suicide bombing in Iraq has killed at least 55 people and injured at least 120 more, according to local police.The suicide bomber struck at a restaurant located about 2 miles north of the ethnically mixed city of Kirkuk on Thursday morning. The Abdullah restaurant, where the explosion took place, is popular among Kurdish officials. The attack comes on the Muslim religious holiday Eid al-Adha, known in English as the “Festival of Sacrifice”.
At the time the restaurant was struck, it was full of families marking the final day of Eid. Five women and three children were among the dead.
Kirkuk is the scene of ongoing ethnic tensions, although the reasons for this attack in particular are currently unknown.
Salam Abdullah, 45, was one of the people in the restaurant at the time of the attack. “I held my wife and led her outside the place. As we were leaving, I saw dead bodies soaked with blood and huge destruction,” he stated, commenting on his experiences. “We waited outside the restaurant for some minutes. Then an ambulance took us to the hospital.”
Awad al-Jubouri, who was injured in the incident, condemned the bombers. “I do not know how a group like al-Qaida claiming to be Islamic plans to attack and kill people on sacred days like Eid. We were only meeting to discuss our problems with the Kurds and trying to impose peace among Muslims in Kirkuk.” Jubouri is a tribal leader, who was attending a lunch that was intended to precede a meeting discussing was to lessen tensions between local communities.
Last July, an affiliated restaurant of the same name was the site of a suicide bombing which claimed the lives of six and wounded twenty five.
