000 59.52% 2013 4‚250‚000 0 4‚250‚000 100.00% 1‚619‚200 1‚669‚200 -50‚000 Cost Incurred to Date Estimated Costs Total Estimated Costs % Completed Revenue Expense Gross Profit 400‚000 1‚980‚800 350‚000 2‚230‚800 50‚000 -250‚000 2011 Account 1) Record Construction Costs CIP Various Accounts 2) Record Revenue Construction Expense CIP Revenue 3) Billings A/R Billings on CIP Dr 350‚000 350‚000 Cr 2012 Dr 2‚150‚000 Cr 2013 Dr 1‚750‚000 Cr 2‚150‚000 1‚750‚000 350‚000 50‚000
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Sales How does Groupon generate revenue? - Because Groupon relies on its merchants to provide its consumers with products or services‚ they must continue to grow their merchant relationships to provide their customers with new products. Merchants provide the foundation of Groupon’s business‚ so without merchants‚ Groupon wouldn’t have anything to offer to its consumers and therefore not be able to generate revenue - the graph shows the importance of Groupon’s relationships with its merchant. Since
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Citations: 2. Stephens‚ Lawrence. "Information on Fingerprint Scanners." EHow. Demand Media‚ 20 Sept. 2010. Web. 16 Oct. 2014 3 4."Iris Recognition Technology." Iris Recognition Technology. IRIS ID‚ n.d. Web. 10 Oct. 2014. 8. "Iris Scanners & Recognition." RSS 20. Findbiometrics‚ n.d. Web. 15 Oct. 2014.
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whether these expenses have been paid in cash or not in that year. The same holds true for revenues‚ i.e.‚ revenues earned in a specific accounting period are construed as incomes of the same period‚ irrespective of their receipts. This concept is also known as the accrual theory of accounting or accrual accounting. This concept applies equally to revenues and expenses. In the accrual basis of accounting Revenue is recognized when it is realized‚ that is‚ when the sale is complete or not. Similarly
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Chapter 14 Auditing the Revenue Cycle |Learning Check | 14-1. a. The revenue cycle includes the activities involved in the exchange of goods and services with customers and the realization of the revenue in cash. b. The classes of transactions in this cycle for a merchandising company are sales‚ sales adjustments‚ and cash receipts. The primary accounts affected by these transactions are sales‚ accounts receivable‚ cost of sales‚ inventory‚ cash‚ sales
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AI in optical character recognition Artificial intelligence (AI) is the intelligence of machines. AI textbooks define the field as "the study and design of intelligent agents" where an intelligent agent is a system that perceives its environment and takes actions that maximize its chances of success. There are different fields under optical character recognition. Intelligent character recognition Handwriting recognition Automatic number plate recognition In computer science‚ intelligent
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face recognition is as old as computer vision and both because of the practical importance of the topic and theoretical interest from cognitive science. Face recognition is not the only method of recognising other people. Even humans between each other use senses in order to recognise others. Machines have a wider range for recognition purposes‚ which use thinks such as fingerprints‚ or iris scans. Despite the fact that these methods of identification can be more accurate‚ face recognition has always
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Eyebrows in Facial Recognition | Research into the role of eyebrows by measuring the time taken to recognize a famous face in two separate conditions; where the face was altered to either have no eyebrows or no eyes and comparing the differences to determine whether eyebrows are the most influential facial feature in regards to identifying faces. | | | Abstract Sadr et al (2003) presented evidence suggesting that eyebrows are the most important feature in facial recognition. In their study
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of HKFRS 15 Revenue is the gross inflow of economic benefits during the period arising in the course of business of the ordinary activities of the entity‚ other than increases relating to contributions from equity participants. It is of most significance of both the creditors and the shareholders for decision-making‚ and therefor it is attached great importance of it’s reliable and accuracy. The most crucial element of revenue‚ the criteria of Revenue Recognition Principles‚ has been the
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STRATEGIES FOR IMPROVED REVENUE GENERATION IN LOCAL GOVERNMENTS 1.0 INTRODUCTION Local governments operate at the grassroots and are expected to provide services to their stakeholders. In a federal system like Nigeria‚ local governments are close to the people and hence could effectively alter socioeconomic and political conditions within their jurisdictions. Apart from providing and maintaining basic infrastructures‚ local governments can complement the economic activities of other levels of
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