"Identify and describe the sources of generally accepted accounting principles identify source hierarchy and explain why the hierarchy is important" Essays and Research Papers

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    Hierarchy and Separation

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    Hierarchy and Separation In the Book of Genesis‚ God was the hierarchy and the humans remained sinners or separated from God. He punished his first creations for eating‚ he then flooded the earth to remove all evil and only his true followers survived. He was shown as a "bad" person throughout Genesis. Every one was to fear our great creator. Although‚ in essence‚ he was the superior being and his creations were the lower race. They were not to fear him‚ but to become closer to him and to see him

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    University ACC 403 Mod 1 CA March 8‚ 2013 Part I.  Generally Accepted Accounting Principles (US GAAP) The common set of accounting principles‚ standards and procedures that companies use to compile their financial statements are called Generally Accepted Accounting Principles. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. “Published accounts have to follow the GAAP for

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    the mental health nursing environment‚ nurses and their everyday role may repeatedly be subjected to or witness challenging and / or self-defeating behaviour (Health and Safety Executive 2006). In this assessment the aim will be for me to identify and describe a challenging behaviour. In this case the response was to aggressive behaviour which I witnessed on one of my practice placements as a student nurse. Part of the assignment will be written in the first person when referring to my personal account

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    Corporate Accounting III Assignment 2 Question 1: What is the difference between direct and indirect NCI? Under AASB127‚ the group is required to prepare the consolidation statement when parent entity acquires shares in the subsidiary. There are two parties who own shares in the subsidiary if it’s not a wholly-owned subsidiary consolidation. One is the parent entity while the other is non-controlling interest. Non-controlling interest (NCI) is defined as “the portion of the profit or loss and

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    Maslow's Hierarchy

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    1. According to Maslow’s hierarchy‚ which basic needs did Shank’s old boss fail to meet? Explain why the needs have not been met. What could be done to meet these missing needs? (20 points) Maslow’s hierarchy of needs Suggests that people must satisfy five groups of needs in order—physiological‚ security‚ belongingness‚ esteem‚ and self-actualization According to Maslow’s hierarchy‚ shank’s old boss failed to meet a few needs; belongingness‚ security‚ self-actualization and esteem. These needs

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    objectives. It details who is responsible for what particular function‚ and when specific tasks are to be accomplished. The financial plan details the financial aspects of the corporation’s operating plan. b. Spontaneous liabilities are the first source of expansion capital as these accounts increase automatically through normal business operations. Examples of spontaneous liabilities include accounts payable‚ accrued wages‚ and accrued taxes. No interest is normally paid on these spontaneous liabilities;

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    objectives and the roles of financial accountingAccounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information

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    The following information is available for Remmers corporation for 2010. a. Depreciation reported on the tax return exceeded depreciation reported on the income statement by 120‚000. This difference will reverse in equal amounts of 30‚000 over the years 2011-2014. B. Interest received on municipal bonds was 10‚000. C. Rent collected in advance on Jan 1 2010 totaled 60‚000 for a 3 year period. Of this amount 40‚000 was reported as unearned at Dec 31 for book purposes. D. The tax rates are 40% for

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    Break question – Chapter 13‚ lecture #1 Wilk Co. reported the following liabilities at December 31 of the current year: Accounts Payable – trade 750‚000 Short-term borrowings 400‚000 Bank loan‚ current portion $100‚000 3‚500‚000 Other bank loan 1‚000‚000 The bank loan of $3‚500‚000 was in violation of the loan agreement. The creditor had not waived the rights for the loan. Half the other bank loan will mature on June 30 next year‚ and the other half in the year following

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    Demo Homework Chapter 1 Demonstration Problem 1-2 Effect of Product and Period Costs Klyn Manufacturing Company experienced the following accounting events during its first year of operation. Except for the depreciation adjusting entries‚ all transactions are cash transactions. 1. Acquired $50‚000 cash from the issue of common stock. 2. Paid $6‚800 for the materials that were used to make its products. All products started were completed during the period. 3. Paid salaries of $4‚300

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