U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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JOHOR EDUCATION DEPARTMENT MINISTRY OF EDUCATION MALAYSIA ADDITIONAL MATHEMATICS PROJECT WORK 2013 SOLUTION OUTLINE PART A Monthly Income (RM) Number of Family Members Categories Allocation of Income (RM) Allocation of Income (%) 3000 6 Food 900.00 30 Utility 660.00 22 Transportation 450.00 15 Education 300.00 10 Recreation 150.00 5 Others 540.00 18 Total 3000.00 100 (i) Example : Pie Chart‚ Bar Chart and Line Graph. (ii) Mean METHOD 1 = RM
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THE ROLE OF SOCIAL MEDIA IN DEVELOPING THE ENGLISH SKILL FRESHMAN STIDENTS OF SCHOOL YEAR 2012 - 2013 A Research Paper Presented to Mrs. Erlinda G. Abes St. Mary’s Academy In Partial Fulfillment Of the Requirement for the Secondary Course in English IV By: Joina Maria Gabrielle Tamayo & Cristine Joy D. David 10 – Assumption of our Lady January 07‚ 2013 Acknowledgement This research work will not be successful without the guidance and support of those people who are sincerely
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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management system in a company maintains the standard flow of data and information with highly secured and make data processing faster and easier. The system allows the company to add and retrieve records that is most commonly in attendance monitoring and payroll management system. A system needs a good database connection where the records of data are being stored by the user and use it as resources of information. Other systems work online like business advertising in promoting products and services. In
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Responsiveness * Insufficient experience * Existing staff require continues skill development * Relatively new to the general public | C. OPPORTUNITIES * High-Tech environment and safety * Increasing new tertiary education * More project ideas * The demands of quality service * Lack of recognized certifications | S.O. * Provide professional scheme * Security * Expand service to the university * Portable | W.O. * Enhance service o university * Approved by the university
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2.17 PAYROLL PROCEDURE The processing of payroll can produce errors in several places‚ which calls for a detailed process flow that also incorporates several controls. This procedure can be used to ensure that payroll is handled consistently on a repetitive basis. The actual process flow may vary somewhat from the steps noted below‚ since there may be differences related to the use of manual‚ computerized‚ or outsourced payroll processing solutions. The most likely version of the procedure‚ including
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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