The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Systematic Identification of Bacillus subtilis and Serratia marcescens Through a Battery of Tests and Plates Introduction: The purpose of this experiment was to use a systematic battery of tube tests and plates designed to lead to identification of two unknown bacterial species‚ from the combination of all results. A sample of bacteria was used‚ labeled “Sample 4”‚ from which both species was to be obtained‚ one gram positive and one gram negative. Table 1 is a list of the possible bacteria to
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EIGHT SIGNS MIRACLES JESUS PERFOMED AND HIS DEITY LIBERTY UNIVERSITY 201330 SUMMER 2013 BIBL 160 – D01 LUO WILLA AYCOCK JULY 29‚2013 The first sign miracles Jesus performed were when he had gone to a wedding in Cana John 2:1-12). Jesus and his disciples (6 of them) had arrived at the wedding‚ which was already in progress. This miracle symbolizes the Church’s (the bride’s) relationship to Christ (The bridegroom). Mary‚ Jesus mother was at the wedding as well. She went to Jesus and told
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Voter identification laws are becoming more widespread throughout the United States. Throughout the past 60 years‚ Voter ID laws have been enacted in over 30 states. These laws vary in strictness by state. States with voter ID laws individually determine the type of ID that needs to be shown to vote and if it’s either requested or required. States have passed these laws to improve security when voting‚ but the laws seem unnecessary and discriminatory to many Americans. Beginning with the first
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Hypothesis Identification Article Analysis Psychological profiling has become a science within law enforcement. The behavioral patterns of individuals have been categorized by age‚ sex‚ race‚ national origin and birth order just to name a few. Some people are great leaders‚ organizers‚ workers‚ and followers‚ but the entrepreneur remains as one of the most elusive psychological profiles in the world. Everyone can point to an entrepreneur‚ but psychologists have had trouble profiling an entrepreneur
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The Ethical Issues Relating To Hsbc Finance Overview of HSBC Holding Plc HSBC (Hong Kong and Shanghai Banking Corporation) Holding Plc is the worlds’ largest banking group and sixth world largest company according to Forbes Magazine in 2009. Now it spread its banking business all over the world. HSBC bank was funded in 1865. Now the bank has network of some 10‚000 properties in 86 countries around the world. The bank employed 325‚000 full time and part time employees all over the world. The bank
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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