My organization‚ Smith School‚ is a public k-5 school in Massachusetts that was founded in 2003. We are a state identified level one school. This means that our students are among the highest performing students in the state. Our school has approximately 50 teachers‚ 670 students‚ one principal‚ and two assistant principals. Of the 670 students‚ we serve‚ 136 are classified as economically disadvantaged‚ 101 are considered learning disabled‚ and 33 students are identified as English Language Learners
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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correct picture on the firm’s 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
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Introduction Traditionally‚ cash basis of accounting has been used in the public sector; however‚ in recent years extensive debates have emphasised whether a move to accruals basis of accounting would be more feasible. The proponents argue for such a change due to the benefits accruals basis has to offer. There are still heavyweight supporters for cash basis such as IFAC – a body that issued 21 IPSAS based on IMF‚ EU Commission‚ and IFRS / IAS (Jorge Faustino‚ 2008). Moreover‚ there are several organisations
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Entrance Examination Syllabus Reference Material Copyright 2006 The Society of Management Accountants of Canada All rights reserved. No part of this manual may be reproduced in any form without the permission of the copyright holder. Entrance Examination Syllabus Reference Material Introduction The purpose of this reference material is to assist you in reviewing your technical knowledge of selected topics listed in the CMA Entrance Examination Syllabus. The questions illustrate the range
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The patients name today is Jane Smith‚ as seen in figure 1. Jane is a 36-year-old waitress who currently has both anemia and asthma. Patient has a sister and a brother who suffer from PTSD and Asthma respectively. Jane has come in after waiting out her symptoms for two weeks‚ due to her mother’s funeral and a busy work schedule. Symptoms include; excessive sweating‚ hallucinations‚ insomnia‚ and tremors‚ which are all affecting her working ability. Her mother’s family has medical history of Fatal
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(600‚000 × six-year annuity factor) = 600‚000 × 4.623 = `2‚773‚727.8. c. At the end of six years you would have 1.086 × (3‚000‚000 – 2‚773‚727.8) = `359‚065.55. Est time: 06-10 10. a. FV = 1‚000e.12 x 5 = 1‚000e.6 = `1‚822.12. b. PV = 5e−.12 x 8 = 5e-.96 = `1.914 million. c. PV = C (1/r – 1/rert) = 2‚000(1/.12 – 1/.12e .12 x15) = `13‚912. Est time: 01-05 11. a. FV = 10‚000‚000 x (1.06)4 = 12‚624‚770. b. FV = 10‚000‚000 x (1 + .06/12)(4 x 12) = 12‚704‚892. c. FV = 10
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Fife Solutions Goals Goals are set to help define the direction an organisation expects to go over a period of time. These goals are the reason for the organisations existence and express the expectation and desire of an organisation. These are split into three differing types: Consumer - the output produced serves the desired market and the satisfaction of the consumer ‘Justyna’s belief that a happy customer is a priority’. This provides evidence of the company’s goal aimed towards a specific
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Winston Smith Winston is the protagonist of the story‚ whose unsuccessful attempts at questioning and overthrowing the Party and Big Brother symbolize the defeat of humanity at the hands of socialism. Winston becomes de-humanized when his thoughts and emotions are controlled by the Party and when all his ambitions are snuffed by Party propaganda. He lives under the close eye of Party officials and the telescreen every moment of his life‚ so that he has to control even his facial expressions so
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