Coordinator of the Study Centre you are attached with. 1. Discuss and explain the relevance of the following accounting concepts a) Business entity b) Money measurement c) Continuity d) Cost e) Accrual f) Conservatism g) Materiality h) Consistency i) Periodicity Solution: FUNDAMENTAL CONCEPTS OF ACCOUNTING Accounting is the language of business and it is used to communicate financial information. In order for that information to make sense‚ accounting is based on 12 fundamental
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A R T I C L E www.hbr.org Ten Ways to Create Shareholder Value by Alfred Rappaport Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Ten Ways to Create Shareholder Value 13 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Product 1069 This article is made available to you by Al Rappaport. Further posting
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of carrying out any project‚ the students would have received help from different persons and organizations. So‚ all those helps should be acknowledged under this heading. In an academic research‚ a sample list of people who are to be acknowledged is as follows: • Supervisor (Industry Mentor) • Organizational head (Industry Head) • Members of the department who rendered their valuable suggestions and criticism during the project period • The executives in different organizations who provided
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TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
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Define control and discuss the control process and the importance of control in business organizations. * Define control Management process in which the (1) actual performance is compared with planned performance‚ (2) difference between the two is measured‚ (3) causes contributing to the difference are identified‚ and (4) corrective action is taken to eliminate or minimize the difference Control Process The control process is a continuous flow in Taj between measuring‚ comparing and action
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Need for non-competition clause in contract – but must be careful not to violate public policy What is the duty of a party to the firm when he is planning to leave but hasn’t yet left? You cannot seek out firm’s clients while you are still working there Hamburger Did not solicit clients’ business while he was still their employ Anderson Rule: categorical – fiduciary duty obliges the fiduciary to act in the best interests of his client or beneficiary and to refrain from self-interested behavior
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in action‚ try out the online demo of Ontopia ’s Omnigator‚ a
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Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
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------------------------------------------------- How to create an excellent presentationPresentation Transcript * 1. How to Create An Excellent Presentation Intellectual Property of Ruth Weal © August 2009 * 2. Presentation Objectives To give you a framework for building your presentations For you to understand the key “Dos” and “Don’ts” of creating presentations To give you the opportunity to ask any questions * 3. An excellent presentation is made up on the following elements: A good
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we experience and because of this‚ some individuals have positive core values whereas others have more pessimistic ones. Nonetheless‚ our core values shape who we are and how we live our lives. Personally‚ when I think of my core values one value in particular stands out in my mind. This value can be summarized by the statement “I am not good enough or I am inadequate”. In many ways this statement is very broad and can encompass many meanings‚ but I will try to narrow down its meaning as it
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