and “walking the walk.” The leaders of church should be held accountable when they make mistakes. I understand that we are all human and that we all sin‚ but when you step-up to take a position in a church‚ you actions should be held to a higher standard. Deacons shouldn’t be having affairs and still keep their position in the church. Choir leaders shouldn’t be drinking in the bar every Saturday and then still be allowed to sing on Sunday morning. We set bad examples for the non-believers when we
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reporting purposes in the period of sale. The installment period is 3 years; one-third of the sale price is collected in 2012 and the rest in 2013. The tax rate was 35% in 2012‚ and 30% in 2013 and 30% in 2014. The accounting and tax data is shown below. Financial Accounting Tax Return 2012 (40% tax rate) Income before temporary difference $ 175‚000 $ 175‚000 Temporary difference $ 75‚000 $
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world has differed widely. The International Accounting Standards Committee Foundation (IASCF) is committed to developing‚ in the public interest‚ a single set of high quality‚ understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. The various pronouncements of the IASCF are sometimes collectively referred to as International Financial Reporting Standards (IFRS) GAAP. Required: (a) Describe the
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Ethical Standards in Health Care Accounting Ethical Standards in Health Care Accounting As a health care manager‚ there is a need to understand the basic accounting principles and the need to be able to look at a financial report and understand what it says. Without these keys and a good ethical compass‚ there could be serious consequences and could result in loss of revenue‚ funds‚ termination‚ or even prison time. Now this may seem like an extreme statement‚ but without using the four elements
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FASB Accounting Standards Codification (ASC) Section 958-605-25 requires that not-for-profits wait to recognize a contribution until they are satisfied that the likelihood is remote that the conditions that accompany the contribution will not be met (Tysiac‚ 2017). According to FASB ASC 958-605-8‚ pursuant to paragraph 958-605-25-2‚ an unconditional promise to give shall be recognized when it is received. There must be satisfactory confirmation that a promise was made and received in the form
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I. Executive Summary: The electric supply industry in China is a highly competitive industry. Luotang Power must be able to provide high quality output while maintaining a strong hold on internal controls‚ controlling costs including coal. Tan must obtain coal at the lowest possible price and must use it as effectively as possible – while maintaining or increasing the quality of the output. If coal is purchased at prices that are too high or more coal is used than is really necessary‚ higher costs
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Country Differences in Accounting Standards There are five main influences on a country’s accounting system. Having a different system of accounting is like having a different culture for countries. There are many different things that dictate how an accounting differs. The relationship between business and providers of capital‚ political and economic ties with other countries‚ inflation accounting‚ level of development‚ and the national culture are the five influences on accounting systems. Relationship
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AS-19 “LEASES” PRE AS-19 ERA Prior to 1.04.2001 the “Guidance Note on Accounting for Leases” was applicable on leasing industries. This Guidance Note was based on the matching principle i.e. the periodic costs comprising of depreciation and lease equalization charges were recommended to be matched with lease rentals so that the net income from a finance lease will show a true and fair view
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A non-governmental organization (NGO) is a type of non-profit organization that works to promote human good while operating separately from any national government. The definition of an NGO varies slightly from nation to nation‚ but most NGOs fall within this framework. Because of the somewhat nebulous definition‚ the total number of NGOs worldwide is unknown‚ with a wide range of estimates available. Some NGOs work with governments and the United Nations to accomplish their ends‚ with certain
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McNair Scholars Research Journal Volume 4 | Issue 1 Article 4 1-26-2012 Governmental Fragmentation in Metropolitan Detroit Kristal D. Davis Eastern Michigan University‚ kdavis48@emich.edu Follow this and additional works at: http://commons.emich.edu/mcnair Recommended Citation Davis‚ Kristal D. (2012) "Governmental Fragmentation in Metropolitan Detroit‚" McNair Scholars Research Journal: Vol. 4: Iss. 1‚ Article 4. Available at: http://commons.emich.edu/mcnair/vol4/iss1/4 This Article is brought
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