There are many accounting concepts which underpin GAAP such as the accruals and going concern concepts in particular. Going concern-it is assumed that the organisation will continue to operate indefinitely. This just means that when we draw up financial summaries‚ we do not assume the organisation is in severe financial difficulties. Accruals concept-when calculating the profit or loss of an organisation‚ all income and related expenditure for a specified period should be included‚ not simply
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factors that are assumed to have contributed to the perfect storm in the higher education sector in Australia. 2. As a student studying accounting information systems (AIS)‚ identify and explain the salient factors affecting the business processes (transaction cycles) of a university during the perfect storm. 3. Explain how a well-designed Accounting Information System can help university management in taking strategic decisions reducing the impact of the perfect storm. Presentation:
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Appendix A The Key Concepts of Diversity Raymond Price Eth/125 Culture Diversity Heather Valentino University of Phoenix Material Appendix A Part I Define the following terms found in Week One and Week Two readings: |Term |Definition | |Diversity |It is the condition of being diverse‚ different‚ or varied; difference
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CHAPTER 1 & 2 * What is marketing? Marketing is an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. * What is the marketing process? * Needs‚ wants and demands Needs : basic human requirements Wants: the needs becomes wants when they are directed to a specific objects and might satisfy the need Demands: are wants for
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ASSSIGNMENT TITLE: GESTALT KEY CONCEPTS Gestalt therapy aims for self knowledge‚ acceptance and growth by looking at the current existence. This theory entails concepts around what is actually currently happening rather than what has happened in the past. It focuses on the here and now‚ not on what should be‚ could be or what was. From this present centred forcus‚ one can become clear about ones needs‚ wishes‚ goals and values. The concepts emphasized in gestalt therapy are creative adjustment
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describe the benefits of your idea 3. Vividly reinforce your position – numerical data‚ stories‚ metaphors 4. Connect emotionally – adjust emotional tone to match the audience Build your network 1. Information broker – a person who occupies a key role in a social network by connecting disparate groups of people 2. Networks deliver – private info‚ access to diverse skill sets‚ power 3. Trust – needed in networks when sharing private info 4. Self-similarity principle – choose people
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Through online accounting homework help‚ the students can get vital and recent information about the various topics covered in accounting as mentioned below which will enable them to gain good scores in examinations as well as in submitting their assignments. Accounting concepts: The various terms used for describing the basic ideas are: concepts‚ postulates‚ propositions‚ basic assumptions‚ underlying principles‚ fundamentals‚ conventions‚ doctrines‚ rules etc. Business entity concepts: In accounting we
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conservation Prudence concept: revenue and profits are included in the balance sheet only when they are realized(or there is reasonable ’certainty ’ of realizing them) butliabilities are included when there is a reasonable ’possibility ’ of incurring them. Also called conservation concept. Du Pont analysis A type of analysis that examines a company ’s Return on Equity (ROE) by breaking it into three main components:profit margin‚ asset turnover and leverage factor. By breaking the ROE into
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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 and assessing whether accounts do indeed portray accurately the business
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due process in issuing a standard. CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. 1. GAAP stands for: (a) governmental auditing and accounting practices. (b) generally accepted attest principles. (c) government audit and attest policies. (d) generally accepted accounting principles. 2. Accounting standard-setters use the following process in establishing accounting standards: (a) Research‚ exposure draft‚ discussion paper‚ standard.
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