defined as a non-cash expense that reduces the value of an asset as a result of physical or functional factors over time. Therefore‚ the costs of the fixed assets should be recorded as an expense over their useful lives‚ since they depreciate and must be replaced once the end of their useful life is reached. Physical depreciation factors include wear and tear during use or from being exposed to such things as weather. Functional depreciation factors include obsolescence or changes in customer needs
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patience to complete the comparative study of annual report. First of all we would like to express our thankfulness to She has indeed given us high encouragement and really put an effort to make sure we complete the assignment successfully. Her invaluable help of such constructive criticisms and suggestions throughout the making of this task have contributed to the accomplishment of this assignment. We would like to express appreciation to our classmates especially Harina‚ Amira‚ Afifah
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Chapter 5: Internal Control over Financial Reporting 1. Internal control is a process designed to guarantee the achievement of the objectives of reliable financial reporting‚ compliance with laws and regulations and ineffective and inefficient operations. FALSE 2. Auditing standards require that the auditor exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit. TRUE 3. If internal controls are not enforced they are useless
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Preparation Resources Module 1: Introduction to internal auditing Overview The first module in this course sets the stage for your study of internal auditing (also known as “management auditing”). You consider the definition‚ development‚ and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally
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material 4 No exporting internal software or technical material in violation of export control laws 5 No introduction of malicious programs into networks or onto systems 6 No accessing unauthorized internal resources or information from external sources 7 No port scanning or data interception on the network 8 No denying service or circumventing authentication to legitimate users 9 No using programs‚ scripts‚ or commands to interfere with other network users 10 No sending unsolicited
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you never cooked breakfast for children — or drunks? Been a Boy Scout? Have you never had an attractive woman spend the night in your bed? There are few things an American man must know how to cook‚ but pancakes are one of them. The good news is they’re easy — almost as easy from scratch as from a box mix. Here’s how: Ingredients 2 cups all-purpose flour 2 ½ tsp baking powder ½ tsp salt 1 egg‚ beaten lightly 1 ½ cups milk 2 tbsp butter‚ melted Sift together first three ingredients (to prevent
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The elderberry‚ also known as sambucus grows in mostly moist‚ well-drained soil that is exposed to the sun. Elderberry is a nitrogen hungry plant and can often thrive in large numbers in areas of organic waste disposal. This plant is native to Central Europe and North America‚ but variations have been found in other locations (NGA). It typically grows in wetter forest habitats such as slopes‚ canyons‚ stream sides‚ and stream banks. It can also grow in the moister areas within drier locations
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The Primary Purpose Of Financial Markets. Borrowers and lenders of funds use financial markets for buying necessary goods or for saving. Borrowers (or deficit units) require funds and this is provided by lenders (or surplus units). Generally deficit units will require large amounts of funding for buying goods such as cars or houses‚ however most surplus units will not have enough money to lend out to them standalone. Because of this‚ a financial institution is used to facilitate the flow of funds
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ACCT101 - USERS OF ACCOUNTING INFORMATION AND THEIR NEEDS ACCT101 [Assignment 1] - Accounting Information‚ Users and Uses Abdul Samad Mustafa [1283] Course: ACCT101 [Dr. Naim Hassan El-Sayed] NYIT – Abu Dhabi‚ U.A.E. CONTENTS Abstract 3 Users of Accounting Information and their needs 4 Introduction 4 Users of accounting Information and responsibilities of accountant 4 External Users 6 Internal Users 7 The needs of accounting information 7 Conclusion 8 References 9 Abstract External users of accounting
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USEFUL PHRASES Silence fillers To start with To begin with Well‚ now‚ let me see Let me have a look Let me think Well‚ err... I’d say that... Possibly‚ ... At first sight‚ it seems... ‚ but it could also ... I would say that... It’s difficult to say exactly but ... Agreeing Yes‚ I agree I agree with what you said. Yes‚ you’re right. I agree with completely. Yes‚ I agree but... I agree in a way‚ but... Well‚ it depends. (Explain) Disagreeing I disagree I don’t agree. No
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