STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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Risks and uncertainties are part of life’s great adventure- accidents‚ illness‚ theft‚ Natural disasters- they are all built into working of the universe waiting to happen. So far that there is a solution - insurance and to provide with the knowledge of this insurance benefits to the customers‚ the Financial Consultant plays an important role in this field. To overcome these risks and uncertainties this project describes about various Insurance companies. How these companies
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derivatives‚ which protect lenders against the risk that a borrower will default. For example‚ bank A may be reluctant to refuse a loan to a major customer (customer X) but may be concerned about the total size of its exposure to that customer. Speculators in search of large profits (and prepared to tolerate large losses) are attracted by the leverage that derivatives provide. By this we mean that it is not necessary to lay out much money up front and the profits or losses may be many times the initial
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Risk Management Plan for the Charming Cafe REFERENCE: VERSION 1.0: DATE: 7/28/2014 VERSION HISTORY |VERSION # |IMPLEMENTED |Revision |Approved |Approval |Reason | | |By |Date |By |Date | | | | | |
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Profits Katherine Carpenter Liberty University Econ 213 Gwartney states that profits are; “An excess of sales revenue relative to the opportunity cost of production. The cost component includes the opportunity cost of all resources‚ including those owned by the firm. Therefore‚ profit accrues only when the value of the good produced is greater than the value of the resources used for its production.” An example of a profit would be bakery offers a cheesecake for $20 and the total cost to make
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JOB LOSS IN OUR COMMUNITY. Job loss in our community. Victor Alterizio Forest Grove Middle School Project Citizen Term Paper Dr. Fullman January 12‚ 2010 JOB LOSS IN OUR COMMUNITY. TABLE OF CONTENTS PROBLEM IDENTIFICATION……………………………………………………..…..2 INTERVIEW……………………………………………………………………...2 GATHERING DATA…………………………………………………………………….3 IN FLORIDA………………………………………………………………….….3 IN ST. LUCIE COUNTY………………………………………………………...3 EXISTING POLICIES….……………………………………………………………
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describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally shows businesses transactions made over a period of time (usually within 12 months)‚ An example profit and loss account
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The ethics of journalism are Seek Truth and Report It‚ Minimize Harm‚ Act Independently‚ and Be accountable and Transparent. When seeking truth and reporting it the journalists were accurate and fair. As mentioned previously getting information from both sides. The story that was published had real facts and
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Maximizing Profits in Market Structures The subject matter of competitive markets can be complex with many extraneous details that can make all the difference between being a perfect competition‚ monopolistic competition‚ a monopoly‚ or an oligopoly. Each of these types of markets have specific characteristics and economic market effects that include entry barriers‚ price and output determination to produce the most profits for any given business or company. Even though these differences may
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person as the source. Like all other forms of theft‚ plagiarism has many disadvantages associated with it. Types of plagiarism Plagiarism can be both intentional‚ when you attempt to pass someone else’s work as your own‚ or unintentional‚ when you forget to properly cite the sources for your work. Regardless of the type‚ plagiarism always has consequences when it is discovered. Often‚ the punishment for accidental plagiarism is minor or temporary. Because determining accidental plagiarism requires
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