Running head: ACCOUNTING PRINCIPLES Generally Accepted Accounting Principles P G HCS 571 June 5‚ 2013 Generally Accepted Accounting Principles Generally accepted accounting principles (GAAP)‚ are standards and guidelines for financial accounting‚ and reporting‚ (Office of Financial Management‚ 2012). There are guidelines in effect for most organizations; GAAP ensures that the finances of an organization are correct. According to Cleverly‚ Song‚ and Cleverly (2011)‚ GAAP describes the “body
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of the lower-of-cost-or-net realizable value (LCNRV) rule is based on both the expense recognition principle and the concept of conservatism. The expense recognition principle applies because the application of the LCNRV rule allows for the recognition of a decline in the utility (value) of inventory as a loss in the period in which the decline takes place. The departure from the cost principle for inventory valuation is permitted on the basis of
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Unit 12 Principles of diversity‚ equality and inclusion in adult social care setting The Equality Act 2010 From 1 October 2010‚ the Equality Act 2010 came into effect. The Act replaces previous legislation (such as the Race Relations Act 1976 and the Disability Discrimination Act 1995) and ensures consistency in what workplaces need to do to comply with the law and make working environments fair. The main purposes of the Equality Act are: • Establish the Commission for Equality and Human
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BBA 102 UNIT TITLE PRINCIPLES OF MANAGEMENT LECTURER DATE SUBMITTED 8TH 0CTOBER 2013 THE ASSIGNMENT. 1. Is management an art or a science? Discuss. 2. Is management a profession? 3. Does management need ethics? Discuss the ethics of management References *Unit Class Notes *Principles Practice of Management‚ L M Prasad‚ Sultan Chand&Sons (5th Ed)‚ 2000. *Management (principles and practise) simplified‚ Nisar Ahmed
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practice and experience. As a science the management has to follow some principles which are universally applicable to all the organization. The concept of management is based on the basis of observation‚ research‚ analysis and experimentation. Elaborate Management: To know the depth of management. One should know its basic characteristics. There are three main characteristics of management. 1. Flexible & open: The principles of management are flexible‚ open and dynamic in nature. They can be modified
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Define your client system. Provide identifying information‚ which may include family composition‚ ages‚ medical history‚ employment‚ education‚ finances‚ income and its sources‚ housing and ethnicity; OR the nature of the group‚ its purpose and composition; OR description of the community demographics and nature of the community problem/issue being addressed. Describe the nature of your contact with the client/client system‚ presenting request/s‚ issues‚ duration of the contact‚ extent of activity
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Throughout the story line‚ Jane is searching to find love. She was looking‚ not just for the love of a man‚ but for the love of a family but Jane’s search for love sometimes ends up challenging her independence. Jane’s independence is related to autonomy which is seen throughout the story and is often used as the center for determining moral responsibility for one’s actions. While Jane is wishing for love‚ she is not willing to give up her independence for it. When Jane becomes older and her independence
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Module No. 2 – Principle of Management Question No 2 a) List and explain the four Basic Functions of Managers Answers The functions of a manager are :- a) Planning b) Organizing c) Directing d) Controlling a) Planning Planning means setting an organization’s goals and deciding how best to achieve them. Managers need to plan so that worker’s activities are consistent with the organization’s goal and the correct type and amount of resources can be acquired. Planning
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providing that the legislature "lay down by legislative act an intelligible principle to which the person or body authorized to fix such rates is directed to conform". Whitman v. Am. Trucking Ass’Ns‚ 531 U.S. 457 (U.S. 2001)‚ Loving v. United States‚ 517 U.S. 748 (U.S. 1996)‚ citing Chief Justice Taft in J. W. Hampton‚ Jr.‚ & Co. v. United States‚ 276 U.S. 394‚ 409 (U.S. 1928). The question becomes what is the "intelligible principle" and whether it exists in the Emergency Bubblegum Price Control Act
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Underpinning Knowledge | Title: |Understanding the principles and | | |practices of assessment | |Level: |3 |Unit Number: |3019 | |Learning outcomes
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