• Worldcom
    compliance with GAAP? Are you aware of the requirements regarding the capitalization of expenses? What made the line costs eligible for capitalization? Who authorized large adjusting entries at the end of a period? Over what amount required authorization? Why were financial reports off limits to...
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  • Reflexitivity - How Soros Knows What He Knows
    , this requires we take a functional view, giving primacy to functional processes that create structure, that is, viewing content as derivative of process. The reversal of the usual explanatory order required by reflexivity means we need to jettison the most basic assumption underlying the way...
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  • Information Technology and Its Role in the Moderm Organization
    , if they were made without malice, and provided he stated only what he sincerely believes to be true, chances of his being held malicious are remote. Moreover, although in making a communication without authorization the existing auditor might technically be in breach of contract and although there...
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  • Tally Full Course
    , including it would give a more accurate status. In order to include Reversing Journals in Reports, you need to create Scenarios. Memorandum Vouchers Like Reversing Journal, Memorandum is a separate voucher type which is a non-accounting voucher. The entries made using it will not affect your books...
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  • paper
    financial statements. Classify transactions using the rules of debit and credit. Journalize basic transactions. Discuss how financial statements would be useful to external users such as investors and creditors. Write a 350- to 500-word summary of your Learning Team’s discussion. 2 Week Three...
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  • Paper
    . Then you will have to prepare what type of transaction’s source documents, this would be something like a purchase order or an invoice for a product or a service. Then in the accounting cycle is to analyze or the classification of the transaction. This is where the transaction is turned in to...
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  • Accounting
    ) provides a chronological record of transactions, and (c) prevents or locates errors because the debit and credit amounts for each entry can be readily compared. 6 Explain what a ledger is and how it helps in the recording process. The entire group of accounts maintained by a company is referred to...
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  • The accounting process
    (1) Identify the transaction from source documents, like purchase orders, loan agreements, invoices, etc. (2) Record the transaction as a journal entry (see the Double-Entry Bookkeeping Section above). (3) Post the entry in the individual accounts in ledgers. Traditionally, the accounts...
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  • Diversification
    internally? To answer the first question, Coase famously appealed to ‘‘the costs of using the price mechanism,’’ what we now call transaction costs or contracting costs, a concept that blossomed in the 1970s and 1980s into an elaborate theory of why firms exist (Alchian & Demsetz, 1972; Williamson...
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  • principle of Accounting
    recording transactions in the journal is called “JOURNALIZING”. A record made in a journal is called journal entry.it is also known as the book of original or prime entry and the ledger is the book of final entry. SYSTEMS OF ACCOUNTING There are two systems of accounting, they are as follows:- Single...
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  • Principle of Accounting
    are in the cash book itself, the cash book functions both as a book of prime entry and as a ledger account for cash transactions. b. Recording of Receipts in the Bank Account The recording steps are: • The entry is made in the bank account in the cash book. • The entry is posted to the...
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  • sadf
    the appendix if I were to hand in a hard copy. I apologize for any inconveniences this may cause. This template is tailor made for supply chain management software. It has most if not all the necessary headings and topics we would require to include in our RFP. It includes rating systems for us to...
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  • Sec Interpretation Vie
    you concluded that any uncertain tax positions did not require recognition, if true, and why all required disclosures were unnecessary. 58. Please tell us how the liability for unrecognized tax benefits disclosed in the table on page 155 is classified in your consolidated balance sheets. In addition...
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  • Disney
    involves deciding between exports or contractual agreements (Pan and Tse, 2000). Different local conditions at different foreign locations require specific entry mode strategies that best transfer resources and capabilities (Resource Based View) or that reduce transaction costs (Transaction Cost...
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  • Entry Mode
    function of firm-specific resources and different local conditions. In other words, what was useful in once place might be a mistake in another one. Academics have made an effort to develop useful frameworks in order to approach the entry mode problem, which is topic of the next sections. 5.2...
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  • Accounting
    Accounting Definition The systematic recording, reporting, and analysis of financial transactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted...
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  • Chapter 19 Solution
    of originating or reversing temporary difference must be calculated each year in order to determine the cumulative temporary difference at the end of each year, and (4) there is a permanent difference along with a temporary difference each year. Journal entries are required for each of four years...
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  • Chapter 1-11 Reviews.
    in preparation for recording the transactions of the next period. This closing process requires recording and posting of closing entries. All nominal accounts are reduced to zero by closing them through the Income Summary account. The net balance in the Income Summary account is equal to net income...
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  • Acounting Cycle
    accounts in numbers. Using the example from the other paragraph you would put them in the ledger this way: debit of 500 in the cash and credit of 500 in the sales. This is what you will do with the rest of the transaction in the journal. After everything is transferred to the ledger you will move...
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  • The Cendant Corporation
    following day its stock lost nearly $15 billion in market value and 8 lawsuits were filed by shareholders who claimed that the company made misleading financial statements. Twenty-six shareholders lawsuits would eventually be filed in all. CEO Henry Silverman was also affected by this drop as his...
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