What are the advantages and disadvantages of principles-based accounting? Perhaps the primary benefit of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as operating leases to avoid incurring additional
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program collects and reports crime data and the limitations associated with the data. It reviews the history of the UCR‚ NIBRS and the NCVS combined‚ it compares the similarities and differences. It measures the effectiveness of local law enforcement and provides the law with the data that can be used to fight crime. There are two methods of the collection of crime data: the traditional summary reporting system and the NIBRS. These two collect a vast amount of data that is accessed by the general public
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advantages of an Activity Based Costing System: The first and most important advantage is the accuracy in the process of costing with regards to the product line‚ the end-users of the product‚ the stock-keeping units employed by the management and the channel and category which streamline the flow of the product from the producer to the end user. This system better assists in the process of understanding the concept of overheadcosts i.e. the allocation of common business resources as they are used
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of Cloud Based Solution 3.1 Advantages of Cloud Computing 3.1.1 Cost Efficient: Cloud computing is probably the most cost efficient method to use‚ maintain and upgrade. Traditional desktop software costs companies a lot in terms of finance. Adding up the licensing fees for multiple users can prove to be very expensive for the establishment concerned. The cloud‚ on the other hand‚ is available at much cheaper rates and hence‚ can significantly lower IT expenses. Besides‚ there are many one-time-payment
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Throughout the years women have been fighting for their rights. In the early 1800s women were given little rights. Women were able to start working outside of the home for the first time in America’s history‚ but women wanted more than that. The sermons and the ideas of the Second Great Awakening opened women’s’ eyes. The idea that everyone was created equal made the women think about the rights that they had and the rights the men had. They wanted to have a say in politics and be able to voice
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After watching the Data-Based Decision Making webinar presented by Amy Elledge‚ I am more aware of the importance of collecting data and how to use it to properly address students’ needs. Data-Based Decision Making is one of the most important factors/roles within Response to Intervention/Instruction (RTI). It is an essential component of RTI. If not utilized using logic and with a purpose/goal in mind‚ the data that is being/has been collected will be no good. Data-Based Decision Making can
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Advantages and Disadvantages of Primary Data In historical scholarship‚ a primary source is a document or other source of information that was created at or near the time being studied‚ often by the people being studied. In this sense primary does not mean superior. It refers to creation by the primary players‚ and is distinguished from a secondary source‚ which is a historical work‚ like a scholarly book or article‚ built up from primary sources. Ideally‚ a historian will use all available
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Data Marts Advantages The implementation of data marts enable users to gain faster access to common data utilizing a technique called dimensional data modeling‚ which optimizes data for reports. For example‚ since data is prepared in common format‚ users with little or not training at all‚ can browse a data mart and obtain information as needed. Data marts can improve end user response time‚ as it contains raw data which allows computer systems to focus on a single task‚ thus‚ improving performance
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Data-Based Decision Making Jennifer Rebelo EDC 6103 September 6‚ 2012 According to the Data Quality Campaign of 2011‚ every state now has the opportunity "from parents to policymakers‚ to use data to inform decisions that will improve student outcomes and system performance" (Data for Action‚ 2011). Studies have indicated that 36 states collect and provide information in regards to students past performance‚ and 33 states actually produce reports that measure students’ individual
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Data Based Decision Making 2 No Child Left Behind When we are faced with making the right decision based on data we have to keep in mind that the leaders is striving for success‚ there are critical moments when they can be problematic‚ perplexed‚ and tense. However‚ the audacious decisions are they are the best
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