Case example 1.1: NSW Water 'Ripoff' 我看不懂这个case, acc policy怎么导致profit变多了？
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都已经开始看书了？
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是啊，报了两科呢，很紧张的说
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今天刚报了这科，还没收到书呢。不过九百大洋已经出去了。
等我收到书，大家一起讨论哈。
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刚刚翻开书 顶一个
顺便问问 my online learning貌似登陆不了？
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13号才能开始用，要等cpa semester start
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貌似是超过某个量度后，提高水的价钱，如果你不省水的话，你就要交更多的钱
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今天读完module1了，mark一下，欢迎有问题的留言一起讨论哈
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我记得当初M1只占有2％的final 哈哈～～加油～～
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你太打击人了。。一共才五个module啊说是要占10还15的。。
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那是我记错了～～不难 多多理解
越简单的课要越刻苦 因为即使考的不错也会fail， 加油吧
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Correct me if I am wrong, for discussion purposes only.
In the case, it was the changes of accounting practices, not accounting policies.
In the case, the water utilities companies are making more profit regarless ppl were cosuming less water. The company explained that it was not the real profit increase but only chaning the accouting practices (maybe using different accoutning methods?)
The author did not intend to make any further comments on the case itself, he just want to demonstrated that how the accounting information (i.e. financial reports) prepared can cause major social effects. In the other words, the author did not want to comment whether changing accounting practice was the real reason, but accounting information does bring social effect (i.e. socity is complaining that they have been ripoffed by water companies)
Any comments?
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you are correct~~you explain it very well~we need to grasp the key point then that is ok~~
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tax m1
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the company?
which company?
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The NSW government has been accused of reaping massive dividends from water utilities while customers struggle with higher bills, after a report found annual water profits had almost doubled.
The NSW Auditor-General said profits from the four largest water utilities in 2009/10 increased to $584 million from $300 million in the previous financial year, providing the government with a $55 million increase in taxes and dividends.
The profits for Sydney Water, Hunter Water, the Sydney Catchment Authority and State Water Corporation all increased in the last financial year, auditor Peter Achterstraat said.
ydney Water had the largest rise, with its after-tax profit reaching nearly $446 million from $250 million.
The increased profits came despite falls in water consumption and could be attributed to rising prices and cost efficiencies, he said.
"In relation to the four main water authorities, the consumption of water per capita has fallen, but charges have increased, profits have increased and the contributions to government have increased," Mr Achterstraat said.
Water Minister Phil Costa downplayed the almost doubling of Sydney Water's profit, which was attributed to a change in its accounting practices.
"The dollars have of course gone up a little but not a lot," Mr Costa said.
"What is happening, when you balance it over the two years that we've had the change in (accounting) policy, it is still fairly stable."
Mr Costa also defended the $205 million dividend paid by Sydney Water to the government.
"The dividend that comes through from Sydney Water ... is very small for the amount that we do," he said.
"The dollars that are returned as dividends go straight back to infrastructure and services across NSW, as well as money going back into Sydney Water's own infrastructure.
"It's a dividend that is put back into assets and resources across NSW."
The NSW Opposition accused the government of ripping millions in dividends from Sydney Water, while consumers paid higher bills.
Under a determination by Independent Pricing and Regulatory Tribunal (IPART) a typical residential bill from Sydney Water increased by 11.2 per cent in 2009-10, and by seven per cent this financial year.
In 2011/12 the average bill is expected to increase by 5.3 per cent.
"The Keneally Labor government has ripped almost $1.4 billion off the Sydney Water Corporation in the past decade," Opposition spokeswoman for Natural Resource Management, Katrina Hodgkinson, said.
"Meanwhile, Sydney Water customers continue to be hit by skyrocketing rates."
The auditor's report on the Department of Environment, Climate Change and Water also found Sydney Water continued to cut the amount of water lost through leaks.
The utility curbed the loss by more than 3000 megalitres to 35,323 megalitres in 2009/10, almost half the amount of water lost in 2002/03.
The success was credited to Sydney Water's leak detection program, which undertook inspections and repairs of almost 22,000 kilometres of pipe in the latest financial year.
© 2012 AAP
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case的原文
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你看得挺快的，我到现在module1还剩最后一段没有看完呢。而且我part A和part B之间是间隔了一个礼拜看的。看part B的时候发现，part A的已经基本没有印象了。
照这样的状态，我要看几遍才能去考试啊。
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你太强了，自己type?
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我看完也不记得讲什么了，第一遍都这样，等做题再巩固清晰了
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Copy and paste
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有电子版教材？哪儿？
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it's a article from website
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今天收到书了。要收心了。
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I have one question for Module 1.
APES 110 "Code of Ethics for Professional Accountants" has been mention a few times through the whole module. Are we required to read through this or at least we need to print it out and bring to the exam?
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M1，part B中的“power literature”有人理解是什么意思？看了半天没明白。
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看着貌似不是以service idea为中心，注重于维护自己的market control之类的
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谢谢。想问下，118里引用的人名和原句都挺多的。这些是不是都要记的？
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Module 2中的，Part A里，在conflicts of interest那块，
书中介绍的两种类型的conflicts，麻烦有人能具体的解释一下这两种conflicts吗？
incompatible activities and conflicts btw 2 or more clients. 不是很理解。
多谢了！
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刚刚开始module 2，帮顶一下。 另外想问问onlinelearning上怎么没有notes啊？有人找到么？
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