” - Abraham Briloff (Professor Emeritus of CUNY Baruch) ACCOUNTING: Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least‚ of financial character‚ and interpreting the results thereof." ACCOUNTING AND ITS ROLE IN SOCIETY: Accounting plays a central role in society; hence‚ we need to consider it from
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Islam and Science The 6th century Islamic empire inherited the scientific tradition of late antiquity. They preserved it‚ elaborated it‚ and finally‚ passed it to Europe (Science: The Islamic Legacy 3). At this early date‚ the Islamic dynasty of the Umayyads showed a great interest in science. The Dark Ages for Europeans were centuries of philosophical and scientific discovery and development for Muslim scholars. The Arabs at the time assimilated the ancient wisdom of Persia and the classical
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Running head: QURAN AND SCIENCE 1 Quran and Science Baratul Khan PHI 103 Prof. Kurt Mosser January 29‚ 2012 QURAN AND SCIENCE 2 For many centuries now there has been one topic which has been affecting a large amount of people. That topic is religion. Since there are many images of religion‚ it is hard to tell which one is the truth. Many brilliant scholars has analyzed and still analyzing which scripture in this world can claim to be the book
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IFRS 8-1: “Basic accounting and reporting issues related to recognition and measurement of receivables‚ allowance accounts‚ recording discounts‚ the allowance method to account for bad debt and factoring are basically the same between IFRS and GAAP. However‚ the FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are taking steps by working to implement fair value measurement‚ the amount they currently could be sold for‚ for financial instruments. “The
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Origins All types of businesses‚ whether service‚ manufacturing or 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‚
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Accounting Principles The general rules and concepts that govern the Accounting filed are referred to as the Principles of Accounting. The Financial Accounting Standards Board (FASB) using the groundwork of principles and guidelines has formulated these rules. They lay the foundation for sound and ethical accounting practices. The GAAP (Generally accepted accounting principles or "GAAP") consists of three important sets of rules: • The underlying accounting principles • The rules and standards
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I hereby submit my application to be admitted into the current MS in Accounting and Financial Management (MAFM) program. I am mostly attracted by the fact that the University is one of the most reputable universities in the state. Over the years I have learnt that persistence is one of the great virtues that help many achieve immeasurable success with confidence. Devry University offers M.S in Accounting and Financial Management with flexible class schedule and excellent education quality .The
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ACCOUNTING ASSUMPTIONS‚ PRINCIPLES‚ AND CONSTRAINTS Phil Toms March 29‚ 2013 The basic assumptions are monetary unit assumption and the economic entity assumption. The monetary unit assumption requires that companies include in the accounting records only transaction data that can be expressed in terms of money. This assumption enables accounting to measure economic events. The monetary unit assumption is vital to applying the cost principle. An economic entity can be any organization
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Science CET Reviewer Science – scientia (Latin) which means knowledge. * A systematized body of knowledge that seeks to answer questions about the natural environment; study of organized facts‚ which have been discovered about the environment. * Look at it‚ think‚ guess‚ and try it out. Technology – also known as applied science. * A consequence of science and engineering. * Deals with man’s usage and knowledge of tools and crafts and how it influences man’s ability to control
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Compendium of Accounting Standards (including Interpretations as on July 1‚ 2006) THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI COPYRIGHT © THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA All rights reserved. No part of this publication may be translated‚ reprinted or reproduced or utilised in any form either in whole or in part or by any electronic‚ mechanical or other means‚ including photocopying and recording‚ or in any information storage and retrieval system‚ without
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