Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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The Manager and Management Accounting BUSI 0028 Sem 2‚ 2012/13 Dr. Olivia Leung © 2012 Pearson Education. All rights reserved. Accounting Discipline Overview Managerial accounting—measures‚ analyzes‚ and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Managerial accounting need not be GAAP compliant. Financial accounting—focus on reporting to external users including investors‚ creditors‚ and governmental
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Long-Term Construction Contracts 163 CHAPTER 10 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 10-1: a Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9
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High-performance organizations emphasize all of the following EXCEPT: | Internationally-oriented | The goal of HRM could be stated as | To build organizational performance capacity through people | Employee orientation‚ training‚ and performance appraisal fall under the basic human resource management responsibility of | developing a quality workforce | | Cynthia has always performed well in her job‚ and has received good performance appraisals. She has been denied a promotion
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Santiago Godoy Ms. Wallenius AP English‚ Per. 4 13 November 2014 Literary Device 15 – Apostrophe Definition: In its simplest form‚ this is when a speaker or an author detaches themselves from reality to state something personified or abstract. Example: “Within a month – let me not think on’t Frailty‚ thy name is women – A little month‚ or ere those shoes were old with which she followed my poor father’s body” (I. ii. 145-148). Function: During this scene in the first act‚ Hamlet depicts his true
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Comparing IFRS to GAAP Essay John Lebo ACC/291 8 July 2015 Paul Brown Comparing IFRS to GAAP Essay Some steps which both the FASB and the IASB have taken in regards to moving the fair value measurement for the financial instruments have come a long way. FASB and ISAB are each individually‚ for the majority moving forward towards a fair value measurement for the financial instruments areas. Each believes in the fair value measurement rule to be a much more accurate description of how a company’s
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you learned‚ what could be applicable to your workplace or personal life‚ and how your knowledge has increased as a result of what you experienced through the learning activities in the previous week. * Submit your team summary of the discussion in a 1- to 2-page Microsoft® Word document. In week two I learned a lot about how different databases reflect in different ways according to the different business needs. During the second discussion question I learned about how the two major databases
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ACC 291 Week 4 Learning Team Study Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-week-4-learning-team-assignment/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Complete the two assigned learning team problems found in the Week 4 Microsoft® Excel® template provided in the Course Materials forum. Submit the completed Microsoft® Excel® template to the Assignments Tab.
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this system will need to support the city as the population grows. Your initial first year budget: $10 billion Budget for every following year: $1 billion Energy needed to power metropolitan area: 3‚000 Megawatts Energy Source Initial Cost to Setup Energy Production Monthly Cost Energy Output Limit Nuclear Plant $6 billion $1.5 million 1‚000 Megawatts Coal Fired Power Plant $1.3 billion $2 million 1‚000 Megawatts Wind Power $3 billion $500‚000 1‚000 Megawatts Geothermal $3 billion
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Labor relations chapter 1 – 2 notes 1. Experts believe that the widening gap between the richest and poorest individuals in the U.S. is in part due to the weakened position of labor unions. (Points : 1) | True False | 2. In the U.S.‚ most workers can be discharged for good cause‚ no cause‚ and even a morally wrong cause‚ as long as the discharge is not on the basis of race‚ gender‚ religion or another classification protected by law. (Points : 1) | True
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