com. OVERSTOCK.COM: UNUSUAL/CONFLICTING ACCOUNTING PRINCIPLES IMPACT Overstock.com has recently received negative publicity because of some decisions regarding GAAP‚ internal accounting policies and their relationship with external auditors that has caused the company to have to restate their published financial statements going back to 2008. In their 2010 10K report on page 19 it is stated that "We lacked a sufficient number of accounting professionals with the necessary knowledge‚ experience
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a study on the rules-based and principles-based accounting standards. The aim of this article is to discuss the attributes and potential effects of transferring from rules-based standards to principles-based standards. To some extent this article is critical‚ but several limitations need to be discussed‚ such as implementation guidance. Summary Schipper (2003) demonstrated that there was a long-running debate on whether U.S. GAAP should be shifted to principles-based system instead of rules-based
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Massage Therapy (QCF) | Assignment 1 – Functional Anatomy & Physiology Unit UV30378 | Lou Davidson – March 2012 | 1a – Explain the structures of a human cellMost human cells contain small structures known as organelles (“little organs”)‚ each of which performs a highly specialised task‚ such as manufacturing protein. Organelles are usually surrounded by a membrane‚ and they
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Explain the verification principle and the challenges (consider whether Ayer’s response to the verification principle is sufficient) – Explain the falsification principle and challenges The Verification Principle was founded by the logical positivist movement which was highly supported by the philosophical group the Vienna Circle. They created a principle that suggested that a statement was only ever meaningful if it was able to be verified by an actual personal experience. There was an exception
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Explain and briefly evaluate how males are socialised into traditional masculinities Hegemonic masculinity describes the patriarchal working class males‚ those who have labouring or manual jobs. He has to be physically tough and dominant to assert his masculinity. He is definitely heterosexual‚ technically competent‚ is sexist and aggressive. Males are socialised into traditional masculinities by a variety of socialisation agents. The school is instrumental in the socialisation of males into traditional
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improvement of the services provided and supporting an environment for clinical excellence. The health department goes on to divide clinical governance into the four pillars: 1. Consumer value 2. Clinical performance and evaluation 3. Clinical risk 4. Professional development and management. Examples of how I have demonstrated my commitment to these four pillars are below: Consumer value: • During my terms‚ I have consistently obtained informed consent from my patients. Some of the procedures I have consented
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Task 01 1.1 explain the principles of project management Project: A project is a finalized set of activities and actions by a "project team" under the responsibility of a project manager in order to meet a defined need within fixed deadlines and within the limits of allocated budget. Examples of famous projects include the "Manhattan Project"‚ etc. Project Management: Project Management is the dynamic process that utilizes the acceptable resources of the organization in a controlled and structured
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Principle of Accounting II‚ Exam 3‚ spring 2010 V 1-17. A flexible budget is a budget that: A. is updated with actual costs as they occur during the period. B. is updated to reflect the actual level of activity during the period. C. is prepared using a computer spreadsheet application. D. contains only variable production costs. 2-19. Marchi Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn’s guests appreciate its gourmet breakfasts and individually
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The Federal Constitution of Malaysia‚ which came into force in 1957‚ is the supreme law of Malaysia. The Federation was initially called the Federation of Malaya and it adopted its present name‚ Malaysia‚ when the States of Sabah‚ Sarawak and Singapore joined the Federation. The Constitution establishes the Federation as a constitutional monarchy having the Yang di-Pertuan Agong as the Head of State whose roles are largely ceremonial. It provides for the establishment and the organization of three
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There are four basic financial statements that companies use. They begin with income statement‚ statement of owner’s equity‚ balance sheet‚ and the statement of cash flows. Company’s use income statements to report how much money they have made and how much they have spent over a specified period of time. The statement of owner’s equity is used to report any changes in equity from a company’s net income or net loss‚ as well as report changes in the owner’s investments and withdrawals over a specified
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