of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding fiscal reporting period." Percentage of sales method is a good way to see an estimate
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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Conceptual Framework Study habits and academic performance of the working students have attracted increased attention among the university teachers and students with the aim of knowing and understanding the reasons‚ problems and other factors affecting them. This may empower them for lifelong learning to their journey to success hindered by their busy schedules and always no time to their study and academic performance. In Surigao State College of Technology the study habits and academic performance
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to familiarize you with a spreadsheet application software called MS Excel. After the completion of the lab‚ you should be able to: 1. work with MS Excel or other spreadsheet programs 2. use functions and formulas in a spreadsheet application software for calculation 3. explain what functions and formulas are‚ how they work‚ and the difference between them Formulas Well‚ a formula is a simple calculation that involves either *‚ /‚ +‚ -‚ or ( ). Of course your formula will ALWAYS start
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Service quality on motor bike manufacturing sector in hero honda....................... .... with performance. [1] A business with high service quality will meet customer needs whilst remaining economically competitive. [2] Improved service quality may increase economic competitiveness. This aim may be achieved by understanding and improving operational processes; identifying problems quickly and systematically; establishing valid and reliable service performance measures and
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My greatest achievement in my life When someone asks me what the greatest achievement of my life has been‚ I look at my certificates and awards‚ searching for the one I like best. However‚ each time‚ I end up with an answer that has nothing do with these certificates‚ and everything to do with the person I am today. That moment I remember a saying "When you make a mistake‚ don’t look back at it long. Take the reason of the thing into your mind and then look forward. Mistakes are lessons of wisdom
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Role and Functions of Law Paper Orlando R. Serrano Law/421 February 18‚ 2013 Michael Carrozzo Role and Functions of Law Paper In our society and business there are laws that have been created as a body of rules that we must followed or obey and it sets the boundaries of our daily lives. In this paper it will take a look at the different types of laws and their roles and functions of each one. This paper will also look at the case of Cipollone V. Liggett Group‚ Inc. on the Supreme Court
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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P53 is considered the “guardian of the genome” due to its variety of functions that are crucial for regular cell life cycles‚ and can prevent cancer (Weinberg 2014). Some of the functions of p53 include regulation of apoptosis‚ inducing cell-growth arrest‚ and activation of DNA repair proteins when the cellular DNA is damaged (Weinberg). Due to the majority of these functions preventing cancer and protecting the genome‚ one can see where the title “guardian of the genome” was derived from (Weinberg
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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