8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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Study and Its Background Introduction Several complaints regarding the lack of sufficient school facilities have been a great concern nowadays at Polytechnic University of the Philippines in Santa Rosa Campus. With regards to this‚ certain components like lack of computers‚ improper lighting and poor air quality affects the overall academic performance of the students. The purpose of this study is to discuss the effects of lack of computers in the laboratory of the said school which greatly affect
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Accounting Historians Journal Volume 38‚ Number 1 June 2011 pp. 31-56 Frank A. Badua LAMAR UNIVERSITY Gary John Previts CASE WESTERN RESERVE UNIVERSITY and Miklos A. Vasarhelyi RUTGERS UNIVERSITY TRACING THE DEVELOPMENT OF ACCOUNTING THOUGHT BY ANALYZING CONTENT‚ COMMUNICATION‚ AND QUALITY IN ACCOUNTING RESEARCH OVER TIME Abstract: This paper analyzes the longitudinal development of accounting thought by characterizing the content of accounting research over several decades (1963
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selections. The two poems I will be using are “Symptom Recital” by Dorothy Parker and “Symptoms of Love” by Robert Graves. These are two of the poems I found most interesting within our selections‚ because in both “Symptom Recital” and “Symptoms of love” both authors depict the feelings their speakers encounter with love. In these two poems the differences out weight the similarities. The differences in these poems are very noticeable. In “Symptom recital” Dorothy Parker expresses a woman’s feelings
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Discuss. :) The Immortal Life of Henrietta Lacks written by Rebecca Skloot. I was required to read this book for one of my classes. I was not able to put the book down. It discusses the unethical behavior and cultural differences in the 1950s. This woman succumbs racism‚ inequality‚ injustice and suffering. Henrietta Lacks suffered it all and even after her death her immortal cells (Hela cells) were used to cure other diseases unknown to her family. Henrietta Lacks an Afro-American diagnosed with Epidermoid
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INTRODUCTION Internal auditing is a management-oriented discipline that has evolved rapidly since World War II. Once a function primarily concerned with financial and accounting matters‚ internal auditing now addresses the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services. By definition‚ according to Institute of Internal Auditors (IIA)‚ internal auditing is an independent‚ objective assurance and consulting activity designed to
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HeLa derived from the first two letters of the first and last name of Henrietta Lacks. These cells were taken from her in the 1950’s without her or her family’s knowledge. Only twenty years after her death did they discover its’ existence. Living as African American women of lower economic status during Henrietta’s time compared to life now are very different lifestyles‚ yet there are similarities. Henrietta Lacks was born in 1920 in Virginia. She was a young mother of five children‚ three boys
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The book The Immortal Life of Henrietta Lacks‚ by Rebecca Skloot covers multiple topics regarding legal‚ cultural‚ and medical issues in health care through the story of Henrietta Lacks‚ her children‚ and her immortal cells. Henrietta Lacks was born in 1920 in Roanoke‚ Virginia. While living in what her family called the "home house"‚ Henrietta shared a room with her first cousin David‚ or Day. In 1935‚ when Henrietta was 14‚ the two had a child named Lawrence. They later had another child‚ Elsie
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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