A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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A critical look at the Communicative Approach (1) Michael Swan This (the first of two articles) examines some of the more theoretical ideas underlying the ‘Communicative Approach‘. These include the belief that we should teach ‘use’ as well as ‘meaning; and some attitudes regarding the teaching of ‘skills’ and ‘strategies’. A second article will deal with more pedagogical aspects of the approach‚ especially the idea of a ‘semantic syllabus’ and the question of ‘authenticity’ in materials and methodology
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California Space Heaters‚ Inc. November 30‚ 2010 There is a fine line between how much safety a corporation should provide to the consumer regarding its products vs. how much responsibility of safety should fall on the average consumer. Take‚ for instance‚ the all too familiar McDonald’s coffee episode. Does McDonald’s have a responsibility to its customers to ensure the coffee isn’t hot enough to scald if spilled upon one’s lap? Or should the customer be held responsible for their own safety
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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of the times‚ people find it difficult to understand the various accounting Concepts. In this coursework‚ I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept. WHAT IS MATERIALITY? Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB)‚ Securities and Exchange Commission (SEC)‚ General Accounting Office (GAO)‚ American Institute of Certified Public Accountants
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our operations to assets options that best evolve our strategy on sustainable‚ go-forward basics‚ also to reorganize the operations and management structure to reflect a brand-centric approach. The designed was to optimize the operational coordination
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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actions 6.0 MODERN ENGINEERING INDUSTRY AND CHALLENGES 6.1 Introduction to Engineering 6.2 Development of engineering industry 7.0 APPLICATION OF SCIENTIFIC MANAGEMENT THEORY 7.1 Difficulties occurred in early 1900 7.2 Harrington Emerson and his approach 7.3 The result G.D.R. Prasad 2013026AD1 MA3001 Assignment 01 8.0 SUMMARY & CONCLUSION. 8.1 The impotency to modern engineering industry. 8.2 Practical issues 8.3 The success 11 11 12 12 -2- G.D.R. Prasad 2013026AD1 MA3001
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