Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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Behind Closed Doors at WorldCom: 2001 Zekany‚ Kay E;Braun‚ Lucas W;Warder‚ Zachary T Issues in Accounting Education; Feb 2004; 19‚ 1; ProQuest Central pg. 101 Behind Closed Doors at WorldCom: 2001 Kay E. Zekany‚ Lucas W. Braun‚ and Zachary T. Warder ABSTRACT: WorldCom was a large telecom company that enjoyed an almost meteoric rise during the 1990s but ran into trouble in the early 2000s. 2001 was particularly difficult. This case gives future generations of accountants the opportunity
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Practice Experience Reflective account 4 Candidate Name: Word count- 801 Related learning Outcome: Learning Outcome 1‚ Knowledge and Skills – 1.b recognising and acknowledge limitations of own abilities 2.a committing to the principle that the primary purpose of the professional health care practitioner is to protect and serve society 2.b accepting responsibility for one’s own actions 3.a demonstrating respect for patient/client confidentiality 4.b demonstrating behaviours that
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Immigration is an integral part of the U.S. social fabric. As of 2004‚ a total of 12 percent of the population was foreign born. Immigrants account for a disproportionate share of population growth because they are younger and have higher fertility rates than natives. Because of immigration’s importance‚ immigration policy has been debated throughout our history. In the past thirty years‚ the United States has undergone tremendous changes‚ yet immigration policy has not changed with the times. With
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Closed Doors Right after Ann and her family get into the Secret Annex the people who where hiding then brought some more of there stuff over. Ann was handed a box that had all her pictures of movie stars and a dairy as a gift. After she had thanked her father‚ she ran to the door of the Secret Annex concealed on the other side by a book case. When she was almost to the door her father grabbed her by the arm and said‚ "Ann no matter what you must never go through that door" When she asked why
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Explain what you consider to be the message of ’Death of a Salesman’‚ explain how and why Miller conveys that message My interpretation of the message within ’Death of a salesman’ is that the play makes a mockery of the American Dream‚ American society and of the capitalist insanity of these times. Also it highlights parts of life and raises issues that are still relevant today such as lack of work‚ affairs and family life. We receive the message for the most part through Willy Loman and the Loman
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Why Did The Civil War Happen? Bang! Why did the Civil War start? The main reason of the Civil War was John Brown‚Bleeding Kansas and Abraham Lincoln they all have a lot to do with the Civil War and how it started. It was about freeing slaves and making all states free states for slaves. It was a Civil War because the South was fighting The North because they wanted too free states and other people wanted to keep slaves because they didn’t have to pay them. John Brown was a crazy man basically he
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accounting coursework 1. Explain the similarities between non-current assets and current assets? (3 marks) Similarities: Acquired by a business to gain profit or chances of investment Both current and non-current assets are recorded on the balance sheet Differences Current assets are intended for consumption of sale realised during a year Current assets is used for trading or transactions Current assest have direct results of the profit gained in the business such as bank balance Non-current
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What are Corporate Financial Statements (Report and Accounts) good for and what do they not tell you? Introduction Accounting unlike finance is generally related to standard and rules ‚ its main goals are to record ‚ report and audit the accounting records of an organization. The science of accounting is precise and structured and touches such subjects as journal entries ‚ invoicing ‚ taxes ‚ quarterly or annual financial reports . It is structured ‚ precise and relatively easy calculated with
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be the risk and uncertainty. 3. Large size of funds: - Capital Budgeting Decisions require large amount of funds for acquisition of fixed assets. 4. Irreversible Decisions:-Capital Budgeting Decision is irreversible and the amount invested cannot be realized back. 5. Wealth Maximization of Shareholders: - The basic objective of financial management is to maximize the wealth of the shareholders therefore the objective of capital budgeting is to select those long term investment projects which
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