The historical cost concept means expenses and assets must be recorded with their original cost according to its representation cost of things from the past. CITATION Wil09 \l 17417 (Wild‚ Shaw‚ & Barbara‚ 2009) For example‚ APPLE Company bought equipment at the price of RM 10‚000 and after few months‚ the equipment is then estimated to drop in value. The cost of the purchase RM 10 000 would be recorded in the financial report because there is official receipt and documents supporting the value
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----------------------------------------------------------------- Accounting Concept and Conventions In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has‚ therefore‚ developed the concept of a "true and fair view". The true and fair view is applied in ensuring
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Essay/Article – 1 These days‚ someone may hold the opinion that the most important aspect of a job a job is the money a person earns. It sounds like true‚ because with a lot of money‚ one can live a better life materially. Admittedly‚ no one can deny the important role money plays in his daily life. But‚ when you take aspects of a job into consideration‚ such as the precious skills and experiences one gain from that job‚ the prospect of the job and the social status‚ you may doubt: Is money the most important
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Accounting Principles‚ Concepts and Conventions Accounting principles are guidelines & standards‚ which have been accepted by the accounting profession in preparation and presentation of accounts of the business. It is approved and normally accepted by the government bodies &controlling authorities. Accounting principles are uniform in order to understand in the same sense by those using it. Also they are not rigid (i.e. inflexible) like principle of gravity but they are flexible.
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Why is Ethnocentrism an Important Concept for Nurses? Written By Louisa Gibbons 2011 Ethnocentrism is an important concept for nurses to understand because it has a huge impact on the way we will deliver nursing care. Ethnocentrism is defined by Germov‚ (2005) as “viewing others from one’s own cultural perspective‚ with an implied sense of cultural superiority based on an inability to understand or accept the practices and beliefs of other cultures.” (p.152). To understand the term ethnocentrism
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The Most Important Qualities of An Outstanding Educator An outstanding educator possesses unique qualities that set him or her apart from others in the field. Ask any student about a favorite teacher and listen intently as he or she describes that person with a smile. Ask a parent of a child who will enter first grade in the fall about the teacher choice for their child. The parent would describe the outstanding educator in their desire for that special teacher. The qualities of an outstanding
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MengQi Zhang Professor Senerchia ESL 1023 14 May 2013 My Friend ’s Most Important Decision Firstly‚ I would like to introduce my friend Jenny‚ who was born in China and now she is 25 years old. In 2011‚ she left her great job and came to the United States to pursue her master degree. Jenny decided to study in the United States and in particular at JWU because she wanted to study professional knowledge of management and have a master degree‚ she believe the U.S is the origin of the MBA program
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INTRODUCTION The accounting concepts are rules and guidelines which the accountant follows and uses when deciding between differing options to make. They help to ensure the accounting information is presented accurately and consistently. All formal accounting statements should be created‚ preserved and presented according to the concepts and conventions’. The following will look at each of the concepts and conventions and relate them to the profit and loss account for a sole trader. GOING
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10 most important events in the odyssey 1.) the lotus eaters-drugged Odysseus’ men. 2.)Cyclopes-believed Odysseus that he was no body and gets hurt. 3.) Circe-Odysseus sends his men to find out what she is‚ turns men into pigs‚ Hermes gives Odysseus garlic so he doesn’t turn into pig 4.)the sirens-singing 10 most important events in the odyssey 1.) the lotus eaters-drugged Odysseus’ men. 2.)Cyclopes-believed Odysseus that he was no body and gets hurt. 3.) Circe-Odysseus sends
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during the Civil War‚ although they were not yet permitted to do so. To begin his speech‚ Green appeals to the patriotism of the African Americans. He wants them to prove to the rest of the world that while their country has treated them unfairly‚ what with slavery and segregation‚ they are still willing to fight and possibly die for it in hopes of one day being accepted. According to Green‚ only a man who truly possesses patriotism would fight for his country even after being wronged by it. In addition
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