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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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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will identify which group applies to you. The first group of people with successful careers I’d like to discuss is those who simply enjoy their work. This group of people is very fortunate‚ or lucky if you prefer‚ because they have found a job they do well and can do it without having to deal with the negativity normally associated with work. They get up every morning‚ head to work‚ and are glad to be going‚ unlike most of us who can only think about all of the other things we would rather
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you have had your whole life policy long enough to have accrued cash value‚ yes‚ you can cash it in. But‚ it might be wiser to borrow against it instead or look into other options. Cashing it in means you are cancelling the policy. If this is your only life insurance policy‚ it means you no longer have life insurance coverage. Whole Life and Cash Value Although there are different kinds of whole life‚ they all accrue a cash value. This makes them different from term insurance. The cash value of whole
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What is assessment and what makes it “good?” Assessment is gathering information to ensure teachers make informed decisions about student progress. Five key components of good assessment are: classroom assessment‚ authenticity‚ formative‚ special needs intervention‚ and benchmarking. These enhance and improve student learning‚ and are outlined below. Good classroom assessment involves ‘of‚ for and as’ of learning. This practice involves teachers using inference and evidence‚ while students
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Project Due 12/10/2012 Music Recording Contract This contract (the “agreement”) effective in the date of “0/00/0000” BETWEEN: True Records And Artist 1 ______________ Artist 2 ______________ Artist 3 ______________ Artist 4 ______________ Artist 5 ______________ Background: A. The Artist is a professional entertainer and recording artist known as “ Group” B. The Company is in the business of producing Master Recordings‚ or causing such Master Recordings to be produced as well as
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What is Life? This perennial question the answer to which has somehow eluded the most brilliant minds. For while scientists have identified many years ago the right mix of the atoms and molecules that constitute cellular material‚ they have not succeeded in ‘switching it on’ to make it alive‚ or ‘breathing life’ into it (Rabago et.al‚2006) In this module you will: a. Explain the concepts of the cell theory b. Identify the parts of a cell c. Describe the function of each cell part d. Differentiate
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CASH FLOW STATEMENT and its ANALYSIS Cash flow statement • A cash flow statement presents information about the cash flows associated with the company’s main operations and those associated with its investing and financing activities of the period • A cash flow statement functions in conjunction with both the income statement (performance dimension) and the balance sheet (financial position) • IAS 7 Cash Flow Statements Statement of Cash Flows • Provides information about cash inflows and outflows
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1. What are some typical tasks or duties that you would do in this job? * observe animal and plant life in their natural environment. * Study the effects of pollution on marine life. *identify‚ classify and preserve the types of marine life. *Predict the rate of population growth and life expectancy. *Use computer modelling to estimate population growth for the future. * run field studies and experiments. 2. which one or two of the typical duties or tasks listen do you think would make this career
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Cash Budgets These are used by management as a guide to planning‚ control and decision-making. • So we can see when commitments are due so the business can make payments on time‚ maintaining a good reputation and being able to obtain credit • To show when the business has excess funds which should be invested to earn interest in either the short-term money market‚ in a fixed term deposit‚ in government stock or in an investment account (rather than a cheque account) • To control by
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