Article 2 is in the beginning of Section 1 - that the “executive power shall be vested in a President of the United States of America” (p725). Section 2 describes duties: commander in chief‚ the power to make treaties‚ appointments‚ and granting commissions (p725-6). Section 3 offers that he will inform Congress‚ the ability to convene/adjourn Congress‚ receive ambassadors‚ execute laws‚ and shall commission all the officers of the United States” (p726). Section 4 covers impeachment for treason‚
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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53 FAIR PRESENTATION---AN ETHICAL PERSPECTIVE ON FAIR VALUE ACCOUNTING PURSUANT TO THE SEC STUDY ON MARK-TO-MARKET ACCOUNTING Sharon S. Seay‚ Macon State College Wilhelmina H. Ford‚ Macon State College ABSTRACT Fair value accounting has received a significant amount of blame as the cause of the current financial crisis. Fair value accounting does not cause illiquidity or volatility in financial markets. Banks‚ rather than accounting‚ caused the existing crisis‚ ultimately through bad lending
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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STUDENT STUDY SECTION Review questions Study the timeline above and then read the following quotation. The nation that political problems could more naturally be solved by violence than by debate was firmly entrenched in a country in which for a thousand years civil war has been if not exactly the norm then certainly no rarity. From Paul Preton‚ The Spanish Civil War: Reaction‚ Revolution and Revenge‚ 2006 1. Looking at the timeline above showing events in Spain in the 19th and early 20th
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Chapter 1 Introduction to D.R.D.O 1.1 Defence Research and Development Organization DRDO was formed in 1958 from the amalgamation of the already functioning Technical Development Establishment (TDEs) of the Indian Army and the Directorate of Technical Development & Production (DTDP) with the Defense Science Organization (DSO). DRDO is 50 labs strong and is deeply engaged in developing Defense technologies covering disciplines like aeronautics‚ armaments‚ electronics‚ combat vehicles‚ engineering
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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Sociological Perspective In todays society it may seem crazy for one to sit down and try to comprehend why and how a person thinks‚ acts‚ and presents themselves to certain groups. Sociologists have the task of figuring out how groups influence an individuals behavior‚ what the causes and effects are of a system of social order‚ what factors play a key role in contributing to a visible social difference or change‚ what an organized groups purpose is‚ and lastly what is the meaning of a certain
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