CASE STUDY 3 SEC STAFF ACCOUNTING BULLETIN 104-REVENUE RECOGNITION Required: 1. Access the SEC website‚ www.sec.gov‚ and open the Staff Accounting Bulletin (SAB) section to SAB104. Disregard the first 8 pages. 2. List the 4 criteria which the SEC decided was necessary to further clarify the basic revenue accounting concepts of “realized or realizable and earned”. • Persuasive evidence of an arrangement exists • Delivery has occurred or services have been rendered • The
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You Know This You write almost every day‚ for many reasons. 3 Writing Basics Audience‚ Purpose‚ and Process • You write a note to explain your child’s absence from school. • You e-mail a friend or coworker to ask a favor. • You text friends to make plans or just to keep in touch. Most college courses require writing. So do most jobs‚ which may surprise you. Good communication skills‚ including good writing‚ will help you achieve success in life. Four elements are key to good writing.
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What is a style guide? Is adhering to a style guide important? Why or why not? A style guide is a set of rules to follow for writing. We adhere to the style guide to ensure our work is consistent. There are several writing types such as technical‚ commercial‚ journalism etc. We used a technical style guide to ensure that multiple authors would be able to update the operation manual. Using the technical style guide kept the tone of the document consistent and it was difficult to determine the additions
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• What are the advantages of aligning business and IT strategies There are many advantages of aligning business and IT strategies. For most companies aligning the business and IT a strategy are both a necessity and gives a competitive advantage. Alignment can exist if the directional aspects of IT strategy are driven by the business strategy. If a company neglects to align business and IT strategies it can result in a significant setback for the company in reference to the capabilities it needs
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Discussion Question #1 Singer argues that there is no moral justification for denying moral consideration to animals. Can you think of a reason why our moral consideration should include all humans regardless of their level of cognitive ability‚ yet denied to non-human animals simply because they have lower levels of cognitive abilities (though still higher in some cases than those of human infants and some mentally disabled humans)? What response might he have to your way of drawing the line between
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This work of XACC 280 Week 5 Discussion Question 1 contains: What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries? Business - Accounting ACC 280 Week 1 Individual Assignment Financial Statements Paper ACC 280 Week 2 Individual Assignment Ch. 1‚ 2‚ 7 Textbook Exercises ACC 280 Week 2 Learning Team Assignment
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According to the article three of the most common billing and coding errors are as follows double billing‚ typos‚ error in billing amounts. When a person is being double billed this means that they are getting charged for two of something ex: procedure or medication. As a solution I would suggest that one double checks their work with a fresh pair of eyes. Instead of billing out the file when finished set it down and start working on another file when one is done with that one pick the previous
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There are many ways that a company can motivate its employees. Consider the different types of pay and benefits described on pp. 420–423 of the text. What type of incentive do you think is most effective for creating a motivating work environment? Why? Creating a motivating work environment can be a difficult task. Employers need to consider the needs of employees and the average pay rates for the work required when determining salaries and benefits. To keep employees motivated‚ it is important
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The nineteenth century is considered the beginning of modernity. The transition to modernity was the greatest change of the old order of society‚ which was primarily agrarian‚ to that of industrialization‚ urbanization‚ and migration. During this transition‚ the world observed a surge in technology‚ the study of science and economics. The concept of money found a new importance with the prelude to modernity. Before the nineteenth‚ society was primarily in a primitive economic system. During
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Synthesis Paper: Leadership RES -811 April 22‚ 2015 Leadership Paper This paper will create a dialogue concerning the following articles and synthesis them to generate a discussion of the common themes that run throughout them‚ as well as understanding the conclusion of all three articles when taken as one entity. Article 1: Fearless Dominance and the U.S. Presidency: Implications of PsychopathicPersonality Traits for Successful and Unsuccessful Political Leadership by S.O. Lilienfeld‚ I.D. Waldman
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