GUARDS AND SECURITY SYSTEMS LTD BY NASWALI INNOCENT 09/U/02/AFD/GV A RESEARCH REPORT SUBMITTED TO THE SCHOOL OF MANAGEMENT & ENTREPRENEURSHIP IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF A BACHELOR OF SCIENCE DEGREE IN ACCOUNTING AND FINANCE OF KYAMBOGO UNIVERSITY SEPTEMBER 2012 DECLARATION I NASWALI INNOCENT‚ declare that this research report is my original work and has never been submitted to any institution or college for any award. Signed ....................
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Choose the one alternative that best completes the statement or answers the question. 1) Changing the value of closing inventory from cost to net realisable value is an application of which accounting concept? A) B) C) D) 2) Going concern. Historical cost. Consistency. Prudence. Which statement relating to depreciation is true? A) The cash account is affected by charging depreciation B) Accumulated depreciation represents the portion of an asset’s cost that has been transferred to depreciation
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16. Which of the following federal officials is a "principal" of the Joint Financial Management Improvement Program who considers and approves or disapproves accounting and reporting standards recommended by the Federal Accounting Standards Advisory Board? A. Chair of the Federal Accounting Standards Advisory Board. B. Secretary of the Interior. C. Comptroller General. D. All of the above. Content: Concept Level: Easy Wilson - Chapter 12 #16 17. FASAB has identified four major
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not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental and federal agencies involved with not-for-profit accounting. There are some key differences between
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Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
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trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern accountants call
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Personal Narrative It was the summer of 2016 when an unplanned event occurred. Instead of my mom‚ my dad‚ Hunter and I spending our last few weeks of summer on the lake‚ visiting friends and family‚ or even getting ready for school we were in and out of the veterinary office. As we entered the air conditioned vet clinic we were all very nervous. “Hello‚” the lady at the front desk said. The vet came rushing out. ”They are here for Tex‚” she said upsettingly. We followed her back. Tex‚ our normally
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The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. In computing an overhead rate for the year‚ the company’s estimates were: manufacturing overhead cost‚ $126‚000; and direct labor cost‚ $84‚000. The company has provided the following data in the form of an Excel worksheet: [pic] .:. Required: 1. a. Compute the predetermined overhead rate for the year. b. Compute the amount of underapplied or overapplied
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Anika A. 2012 Inquiry: What was so significant about these 3 inventions? —How were they discovered? —What were they commonly used for? —What substantial impacts have they each had? 3 Significant Inventions Gunpowder‚ printing‚ and the magnetic compass: 3 significant inventions‚ all either invented‚ or first used‚ in ancient China. 17th century English philosopher‚ Sir Francis Bacon‚ described these innovations as 3 inventions which “changed the world”. The practical use of gunpowder
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contributed to their places in our history books. Developments such as writing‚ agriculture‚ military‚ and transportation vehicles have come from these civilizations‚ but perhaps the two most significant developments of these ancient societies are metallurgy and organized religion. The development of bronze was significant because it allowed for stronger weapons and tools‚ which made it possible for the people to both‚ protect their land and farm it more efficiently. By discovering that smelting copper
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