financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is a payment in advance of the
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Overview of Quality of Earnings - Some Guiding Principles/Framework The issue of earnings quality arises because of the cost/benefit trade off between cash accounting and accrual accounting. For our purposes‚ we want reported earnings to do two things: 1) to accurately represent current operating performance 2) to aid in accurately forecasting future operating performance These requirements for high-quality earnings mean that the reported earnings amounts for a particular period
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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explored the impact that athletics has on students’ academic abilities. Academic success can be measured in many ways but we will explore grade point averages‚ math and English test scores‚ and graduation success rates to show the positive impact athletics has on a student’s academic abilities. Introduction Participating in athletics offers students the opportunity to learn valuable lessons they can use for the rest of their lives. Some lessons include teamwork‚ self-esteem‚ perseverance
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ACHIEVEMENT OF MY LIFE Every person have their own achievement. When looking back to my life‚ it is so hard to believed that I had achived something in young age. In my 20 yearsold now‚ there are many things that I have achieved and that make myself so proud for it. Maybe my achievement is a simple for people but not for me because without this achievement I will not become a better person like now. My achievement that I remember almost is I had perform my first umrah on April‚ 2011 at the holy
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"Synonymous to the demand theory that pivots around the concept of the demand function‚ the theory of production revolves around the concept of the production function. A production function can be an equation‚ table or graph presenting the maximum amount of a commodity that a firm can produce from a given set of inputs during a period of time. The concept of production function portrays the ways in which the factors of production are combined by a firm to produce different levels of output. More
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throughout the history of Ancient China. It was founded by Liu Bang who was known as Emperor Gaozu of Han. The Han Dynasty lasted for over 400 years‚ from 206 BC to 220 AD. It was the second Imperial dynasty after the Qin Dynasty. There were great achievements in politics‚ economy‚ technology‚ and culture. In terms of politics‚ Chinese society was highly structured under the Han Dynasty. At the top was the emperor‚ who was believed to be the link between heaven and earth. Next came governors
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REVIEW OF RELATED LITERATURE Educational achievement of students demands urgent attention to attain their goals. A numerous researches have been conducted to contribute to determine the predictors of educational success of college students. A research work always takes the advantages of the information and the knowledge that had been accumulated in the past as a result of constant research endeavour by mankind. According to Koul (2009) research can never be undertaken in the isolation of the
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Functions of Law Law performs many functions and plays a central role in business and society. Melvin (2011) stated "A generally accepted generic definition of the law is a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force." (p. 4). Law is comprised of statutes and precedents‚ leading to rules that tell us how to act in business and society. Law continues to grow and expand and is open to reason and interpretation. There are several types
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The introduction briefly talks about the hindbrain‚ its location‚ structure and highlights its main functions. It also talks about how the hindbrain is divided. The next topic is about Structure and Function. It first starts with the functions of the hind brain and then mentions each and every function of the brainstem‚ that it‚ the medulla‚ pons and the cerebellum. It also mentions the functions of the cranial nerves. The next section is on Injury and Disorder. Here it is mentioned‚ as a list‚
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