TUI University ACC 403 Mod 1 CA March 8‚ 2013 Part I. Generally Accepted Accounting Principles (US GAAP) The common set of accounting principles‚ standards and procedures that companies use to compile their financial statements are called Generally Accepted Accounting Principles. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. “Published accounts have to follow the GAAP
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1.0 Introduction Management accounting is the application of professional knowledge and skill in the preparation of accounting information in such a way as to control the operations of an undertaking. It is the presentation of accounting information in such a way as to assist management in the creation of policy for the day-to-day operation of an undertaking as it provides information needed by managers to determine how resources should be obtained and used. It includes the methods and concepts
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There are two types of legal systems. They are Common Law and Civil Law. Per the World Fact book‚ China and the Czech Republic follow the Civil Law System while Gambia practices a Mixed Law. China: The Republic of China is the most heavily populated country in the world. They follow the Civil law Legal system. Chinese accounting standards were set when China was a socialist country. Thus asset availability was more in playing that profit and loss. The Ministry of Finance requires companies to
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ACC 491 Week 5 Team Study Guide Audit Sampling Case Memo - www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-5-team-assignment-audit-sampling-case-memo-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: This tutorial includes 12 pages‚ 1‚965 words‚ and three references in correct APA format. A+++ WORK! Resources: Ch. 13 of Modern Auditing: Assurance Services and the
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Direct and Indirect Cash Flow Cassandra Stewart ACC 291 June 18‚ 2014 Susan Schulz / Direct and Indirect Cash Flow Differences between direct and indirect cash flow are just what they seem. Direct statement of cash flow identifies a company’s sources and uses of cash. This cash flow has three sections that include operating‚ investing‚ and financing activities. Operating activities includes receipts and payments from normal business operations. Investing activities include the purchase
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MEMO To: Client From: Accounting Firm Re: Lawsuit Pending lawsuits against a company are both expensive and detrimental to a company’s image. The decision to understand the implications of a lawsuit to the company is the first step in minimizing risk and potential loss to the organization. Research was conducted based on the guidelines of the FASB to answer the client’s questions pertaining to the lawsuit. The memo provided to the client will answer the following questions: How are
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13-26 a. b. c. d. e. f. 1. Acquisition and Payment Acquisition and Payment Reperformance Substantive S T of T Posting and summarization N/A 2.Acquisition and Payment Documentation Test of control or Substantive S T of T Existence N/A 3.Inventory and Warehousing Analytical procedure Substantive A P N/A Realizable value 4.Capital Acquisition and Repayment Confirmation Substantive T D of B N/A Existence Accuracy Presentation and disclosure 5. Acquisition and Payment Reperformance Substantive T D of
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ECT 122 Week 5 iLab #1 Parts: Breadboard DC Power Supply Hand Held DMM Test leads Wire 100 Ω resistor‚ 120 Ω resistor‚ 220 Ω resistor‚ 330 Ω resistor 1. Identify each of these circuits. 2. Given the circuit below‚ calculate the values listed below. IT: _64mA__ IA: __18.18mA____ IB: __45.45mA__ VR1: _3.99V___ VR2: __5.99V__ VR3: _5.45V___ VR4: __4.54V___ Ra= R1+R2= 220Ω+330Ω= 550Ω Rb=R3+R4= 120Ω+100Ω= 220Ω Ia= Vs/Ra= 10V/550Ω=
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University of Phoenix Material Must-Have Documents Worksheet In the assignment for Week 5‚ you completed the four must-have documents: a will‚ living revocable trust‚ advanced directive‚ and durable power of attorney for health care. Congratulations! You have done something unfortunately too few people take the time to do‚ yet something that is absolutely essential to your ability to protect yourself and your family. If you have not already done so‚ take a moment to give yourself a pat on the
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Marketing management‚ summary chapter 1 (Marketing: creating and capturing customer value) What is marketing Marketing is managing profitable customer relationships. Marketing defined Marketing must be understood in the sense of satisfying customer needs. Marketing = the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return. Simple model of the marketing process: Create value for customers
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