Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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Employbility skills Success is purely subjective. It can mean different things to different people. To some it might mean accumulation of enormous health‚ to others it could suggest recognition‚good health and good family.Riches‚ recognition‚ good health.etc are universally accepted parameter of success. Any well accomplished task could be desribed as success. Whatever be the area of success‚personality attributes that lead to it remains indentical.Strong motivation‚ mental toughness‚positivity
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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the importance it will looked at individually starting from numbers one [1] to six [6]. Here are the list as stated in the common core. 1. Effective communication and engagement 2. Child and young person development 3. Safeguarding and promoting the welfare of a child 4. Supporting transition 5. Multi-agency working 6. Sharing information Effective communication “Good communication is central to working with children‚ young people‚ their families and carers” the importance for
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Book Review: SOFT SKILLS for Success By G R K Murty By:- Anand Prakash Pandey
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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of the key terms‚ and the limitation of the study. 1.1 Background of the problem 1.1.1 Background of communication Hampto‚S and Webber (1999‚pg204)they defined communication as the exchange of thoughts ‚messages or information between sender and receiver and inference of meaning. According to H.F Moore and F.B Kalupa (2005 :84-85) communication is the process of transmitting meaning between individuals. All human society is founded upon the human beings’ capacity
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Executive Summary Skills for Tomorrow is government-sponsored organizations tasked with helping at-risk young adults gain vocational training toward preparing them for a successful career in several different industries. The Harrisburg Skills for tomorrow located in Pennsylvania is constantly in the lower half of the rankings and has been constantly declining. The main issue of declining rankings can be directly related Ted Alvarez being a poor leader in the organization. In addition to
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