Refer to the Project Data provided on Blackboard by the Instructor Statistics

Refer to the Data provided on Blackboard by the Instructor. The data shows student enrolment in a private college from 1965 to 2005 - Statistics Project Example By viewing the graph, we observe that the student enrolment has been constantly non decreasing over the past 40 years. The trend line is almost a straight line. If we form an equation with year as independent variable (1965 as 1 and 2005 as 41), the regression equation so formed is y=51.46x+1773.228 with R2=0.935. Almost 94% of the dependent variable enrolment is based on the year (for every increase in the variable year, there is a corresponding increase in the variable enrolment). The student enrolment is constantly increasing over the year and for only few years it got a slight decrease say during the years 1968, 1971, 1972 and 1984. For all the other years the enrolment never came down even for a single year. Stem-and-leaf plots use the original data values to display the distributions shape. The plot for enrolment visualizes the positive skew statistic seen in the descriptives table; the values cluster uniformly in a range of 2000 to 3000, then disperse gradually for the forthcoming years. From the above boxplot, the median is somewhere around 2800 and we observe that more values are above median. Also Mean>Median>Mode. So the distribution is positively skewed. Most of the years had admission above 2800. There is one outlier that is, the 41st observation which has a value 4465.64. This indicates that the last year that is, 2005 the enrolment is much more than the average enrolment. This may have an influence on skewness. From the above table of descriptive statistics, it is clear that the minimum is 1900 and the maximum is 4465.64 with range 2514.643. The median is 2782 and the mean of enrolment is 2854.04. The standard deviation is 637.48 with coefficient of variation nearly 22%. It is reliable data since the coefficient of variation is not above 25%. So the data is somewhat consistent. The skewness is 0.693 is close to 0 and the kurtosis is 0.0147 which is more close to 0. So, the distribution is almost normal and it is

Financial Accounting has become increasingly standardised and Essay - 1

Financial Accounting has become increasingly standardised and harmonized across organizations in different industries, while Management Accounting continues to be highly variable - Essay Example The following paragraphs will explain in detail why there MUST be a compulsory implementation of harmonized accounting standards in financial accounting (Leuz, Pfaff, and Hopwood 3). Both approaches reflect the different purpose and role of financial and management accounting to the extent that is required for quality decision making activities. The users of financial statements will need the latest copy of the balance sheet to determine the total amount of assets that the company owns. The assets are the resources of the company. The assets include both the current as well as the non -current assets. Current assets include cash, receivables from customers and subsidiaries, inventory end, office supplies, office equipment, land, buildings, factory equipment and other assets. Likewise, the users of the financial statements are interested to get a copy of the latest balance sheet in order to know the total liabilities or payables of the company. The liabilities include both the current liabilities and long term liabilities. In addition, the users of the financial statements need the balance sheet in order to determine the total stockholders equity section. Further, the users of the financial statements need the latest copy with the possibility of obtaining the prior year or years financial statements to determine how much the company has generated in terms of sales and cost of sales. This data is found in the income statement. the income statement shows the total amount of gross profit, administrative and marketing expenses. Likewise, the users of the financial statements will need the statement of cash flows to determine where the cash inflows and cash outflows had gone to during the accounting period. Usually, the accounting period covers a twelve month period. Further, the following discussion of the Enron scandal will give a deeper reflection of the different different purpose and role of financial accounting to the extent that is required for quality