"Accounting is not a precise science" Essays and Research Papers

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    space science

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    Space science – study of everything in outer space.[1] This has sometimes been called astronomy‚ but recently astronomy has come to be regarded as a division of broader space science‚ which has grown to include other related fields‚[2] such as studying issues related to space travel and space exploration (including space medicine)‚[3] and science performed in outer space (see space research). ContentsPlanetary and Space Science‚ published 15 times per year‚ is a peer-reviewed scientific journal

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    Accounting Concepts

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    Accounting Concepts Underlying Assumptions‚ Principles‚ and Conventions Assumptions The following are basic financial accounting assumptions: Separate entity assumption - the business is an entity that is separate and distinct from its owners‚ so that the finances of the firm are not co-mingled with the finances of the owners. • Going concern assumption - the business is going to be operating for the foreseeable future. Stable monetary unit assumption - e.g. the U.S. dollar • Fixed

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    Managerial Accounting

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    b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and $2‚000 for overhead costs that were incurred to make candy. Warren started and completed 10‚000 units of candy‚ of which 7‚000 were sold. Based on this information‚ Warren would

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    Management Accounting

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    Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a –

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    Accounting Ch09

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    CHAPTER 9 Reporting and Analyzing Long-Lived Assets ANSWERS TO QUESTIONS 1. For plant assets‚ the cost principle states that plant assets are recorded at cost‚ which consists of all expenditures necessary to acquire the asset and make it ready for its intended use. 2. In a cash transaction‚ cost is equal to the cash paid. In a noncash transaction‚ cost is equal to the cash equivalent price paid‚ which is the fair market value of the asset given up or the fair market value of the asset received

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    Psychology as a Science

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    PSYCHOLOGY AS A SCIENCE Psychology is the scientific study of the behavior of individuals and their mental processes. (Fuchs & Milar‚ 2002). But what makes it a scientific study? First of all‚ why not? Nowadays the idea of psychology as a science seems so natural to us‚ but it was not always like this. The late-eighteenth-century declaration that a true scientific study of the mind was not possible posed a challenge that was answered in the nineteenth century when the possibility

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    Consignment Accounting

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    Chartered Accountancy CPT Course Lecture 12 – Consignment Accounting 1 Points to be kept in mind  Consignor remains the owner of goods even after sending to consignee.  Consignor does not send any Invoice rather a Performa invoice.  The Amount of Sales belongs to Consignor.  All the exp. are to be borne by Consignor. If borne by consignee‚ recoverable from consignor.  Consignee entitled to Commission.  Consignee entitled to de-credere commission if he is responsible for bad debts.  Consignee

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    Managerial Accounting

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    Chapter 1 Managerial accountingis the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organizations goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organizations management team. Four fundamental management processes that help organizations attain their goals Decision making‚ Planning(developing a detailed financial and operational description of

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    Payroll Accounting

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    How Accounting Information Systems has Improved Payroll Accounting Abstract Payroll accounting has been greatly improved with the invention of accounting information systems (AIS). The process of payroll is a complicated one that involves many steps. From updating the employee information to printing the checks‚ almost all areas have been improved with the help of AIS. There are many things to keep track of when processing payroll from beginning to end. Many larger companies have turned to outsourcing

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    Advertisement and Sciences

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    Advertisement and Sciences – Five diverse views Being primarily consumers‚ our view on advertisement is extremely biased. We consider most of it as excessively annoying and censure the advertising industry while at the same time we are highly receptive to their efforts‚ and as if that was not enough we take part in collegiate neurological studies on consumer behaviour. The advertising industry uses our behaviour as a tool and the better they become the less we are annoyed by all the banners

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