INCOME CONCEPTS The Purpose of Income Reporting Income is used… 1 As the basis of one of the principal forms of taxation. 2 In public reports as a measure of the success of a corporation’s operations. 3 As a criterion for the determination of the availability of dividends. 4 By rate-regulating authorities for investigating whether those rates are fair and reasonable. 5 As a guide to trustees charged with distributing income to a life tenant while preserving the principal for a remainder man
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Historical Cost Concept What is historical cost? Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term historical cost helps to distinguish an asset’s original cost from its replacement cost‚ current cost‚ or inflation-adjusted cost. For example‚ land purchased in 1992 at cost of $80‚000 and still owned by the buyer will be reported on the buyer’s balance sheet at its cost or historical cost of $80
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COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
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|Term-Concepts |Definition | |Purpose of Accounting |Communicating financial information to end users so they can make informed decisions. | |Accounting Entity |The financial affairs of the business are separate and distinct from the financial affairs of the owner. | |Monetary Concept |All transactions are recorded in
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CONCEPT ANALYSIS Safeguarding Vulnerable Adults: Concept Analysis Abstract Aim. This study is to analyse the concept of safeguarding the vulnerable adults and the role of registered nurse. Background. Registered nurse has major responsibilities in caring and safeguarding the vulnerable adult population. Reduction of health inequalities among vulnerable adults are top international healthcare priorities. Vulnerable adults are among most vulnerable of the populations‚ many people associate vulnerability
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Title Page Microeconomic Concepts Charlie Edwards Contents Page Page Title page 1 Contents page 2 1.0 Summary 3 2.0 Introduction 3 3.0 Over view of Qantas group 3 4.0 Products and Services 4 4.1 Economy and Economy plus 4 4.2 Business Class 5 4.3 First 5 5.0 Internal and external factors 5 5.1 Internal factors 6 5
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Are You Countering Terrorism? Introduction To The Series…………. Protecting the public remains the highest priority of the Police Service but the growth of international terrorism over recent years has resulted in the publics’ protection being severely threatened. No community is immune from the global reach of international terrorism and the UK is a prime target for Al-Qaida and its affiliates. It is therefore necessary that police colleagues
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Assignment on SERVICE FAILURE AND SERVICE RECOVERY Few months back my experience with ICICI bank helped me identify with these concepts. Service failure can occur on multiple dimensions. A core service failure occurs when a customer is not able to avail the service one has paid for. A service encounter failure occurs when customer interaction with employees of a firm leave the customer feeling negative about the firm. I experienced the first type of service failure. In March 2010‚ while
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CONCEPT OF LEADERSHIP * I used to think that running an organization was equivalent to conducting a symphony orchestra. But I don’t think that’s quite it : its more like jazz. There is more improvisation -Warren Bennis * GOOD LEADERS ARE MADE NOT BOR. IF YOU HAVE THE DESIRE AND WILL POWER‚ YOU CAN BECOME AN EFFECTIVE LEADER. GOOD LEADEERS DEVELOP THROUGH A NEVER ENDING PROCESS FO SELF P STUDY‚ EDUCATION‚ RANING AND EPXRERIENCE. * GOOD LEADERS ARE CONTINUALLY WORKING AND STUDYING TO IMPROVE
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their services into developing and moving new markets. Organizational behavior is the learning of personality and groups inside a company they view reacts to different assessment such as communication‚ diversity‚ organizational culture‚ success‚ good organization‚ and knowledge. It seems that administration and employees never thought that change would come. Recently a new manager has come in and put into action certain changes to the company. These changes are thought to offer better service for
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