Following are the characteristics of communications: • It is unavoidable – It is impossible not to communicate‚ since we communicate unintentionally all the time‚ even without the use of words. Our body language‚ the way we dress‚ the importance we give to arriving on time‚ our behavior and the physical environment in which we work‚ all convey certain messages to others. • It is a two-way exchange of information – Communication is sharing of information between two or more persons‚ with
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a) Which accounting standards or Generally Accepted Accounting Principles (GAAP) are used in preparing the financial statements of the company (International‚ local or US GAAP standards)? Where did you find that information? For our accounting analysis we found the key accounting policies and related them to our identified key success factors. McDonald’s most important factors include consolidation‚ financial statement estimates‚ revenue recognition‚ advertising costs‚ compensation from stocks
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Accounting Principles and Ethics A health care organization is believed to be a place where there is care‚ organization‚ consistency‚ and support; a place where patients need to feel and see the unity and harmony within the organization. Health care organizations necessitate this consistency‚ unity‚ and organization within because of its dependency on its’ patients and to provide the proper care for such a diverse group of individuals. A health care organization also needs consistency and organization
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bloody daggers and smear the blood on the sleeping grooms. This is the evidence that Macbeth really did kill Duncan. This evil is also conveyed in Act 5‚ scene 1 where the Doctor has been summoned to have a look at Lady Macbeth‚ the Gentlewoman explains Lady Macbeth’s condition to which he replies with “A great perturbation in nature‚ to receive at once the benefit of sleep and do the effects of watching” the Doctor can tell that there is something bothering Lady Macbeth which is causing her to
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CHAPTER 5 Short Exercises SE1 – SE10‚ Exercises E3 and E5‚ and Problems P2 and P3. SE1. 1. Objective 2. Qualitative 3. Objective 4. Qualitative 5. Objective SE2. 1. Full disclosure 2. Materiality 3. Cost benefit 4. Conservatism 5. Consistency SE3. 1. Property‚ plant and equipment 2. Current liability 3. Current liability 4. Not included 5. Owner’s Equity 6. Current Asset 7. Intangible Asset 8. Current Asset 9. Investment
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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Four Principles of Management Jacqueline Garcia University of Phoenix November 10‚ 2007 Many Fortune 500 companies have management training programs. A company must always have the competitive edge over its competitors. These companies must invest in creating curriculums to help the mangers create motivation in the employees as well as attain the goals set forth by the corporation. According to the Random House Unabridged Dictionary‚ management is "the act or manner of managing: handling
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July 6‚2010 List the four principles of sustainability and discuss. Reliance on Solar Energy: the sun warms the planet and supports photosynthesis used by plants to provide for us and other animals. Biodiversity: a great variety of genes‚ species‚ ecosystems‚ and ecological processes have provided many ways to adapt to changing environmental conditions throughout the 3.7-billion-year history of life on the earth. Population Control: competition for limited resources among n species places
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What Does Historical Cost Mean? A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to
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Question No. 1 : Explain using various examples‚how the major accounting concepts are used in preparing financial statements. Answer : There are several accounting concepts that are used by the accountants worldwide in preparing financial statements.Using these principles one can prepare a fair and accurate financial statement for a period that would reflect the true condition of the business. Among all the accounting principles‚there are some very important fundamental
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