Abstract Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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What could “Fair is foul and foul is fair” ever mean?"Fair is foul‚ and foul is fair‚" expresses the main theme of Macbeth written by William Shakespeare. There are several different ways in which these words can be interpreted. It could mean not everything is what it seems or it could mean that something that is supposedly used for good can bring forth evil.The first time we hear the statement is in the opening scene when the witches say the exact line "Fair is foul‚ and foul is fair" (Act I Scene
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“Fair is foul and foul is fair”. Discuss how the play Macbeth shows a disrupted world. The play Macbeth revolves around several main themes including the contradicting ‘fair is foul and foul is fair’ where things are not what they seem. This theme reflects on the reality of the world‚ neither good nor evil but a combination of both. William Shakespeare demonstrates during the course of the play how contradictory people and life can be. The disruption of ‘The Great Chain of Being’ is also focused
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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Non-profit Organization Analysis: World Vision * Background and History World Vision‚ founded in the USA in 1950 by a young pastor Robert Pierce‚ is one of the largest relief and development organizations in the world whose total revenue coming grants‚ product and foreign donations is about $2.6 billion. The first area that World Vision focused on was orphans and other children in need‚ beginning in South Korea‚ and then expanding throughout Asia. Today‚ they operate in more than 90 countries
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"Foul is fair and fair is foul." This is a quote from the witches in the beginning on Macbeth. This line sets a tone for the entire play of Macbeth. "Foul is fair and fair is foul" means that anything that is bad is good and what is good is bad. Everything is not what it seems. The witches tell Macbeth that he will become the thane of Cawdor and he will not become king‚ although his children will be kings. Banquo says in the play "Can the devil tell the truth". Most of us would perceive that telling
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Copy This Essay: How Fair Use Doctrine Harms Free Speech and How Copying Serves It Rebecca Tushnet† CONTENTS INTRODUCTION.......................................................................................... 537 I. OVERVIEW: THE FIRST AMENDMENT‚ COPYRIGHT‚ AND THE CONFLICT BETWEEN THEM ................................................................ 538 A. What Free Speech Is For ............................................................. 538 B. Copyright and Fair Use .................
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| Abstract This document is concerned with the relationship between the financial crisis and fair value accounting. Its purpose is to make an understanding of the strengths and limitations of fair value accounting. The report also gives some examples of fair value accounting measures used in several Australian companies. In this report‚ City Weat Water LTD and JB HI-FI LTD are used to explain that. Introduction With the modern transportation and communication technology development‚ in the industrial
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Both not for profit and for profit companies have many similarity and differences. A lot of companies start with the intent of making a profit. These companies also pay taxes and are called profit or for profit companies (Rodwell‚ & Teo‚ 2013). Other companies‚ while they can make a profit begin with the intent of helping others. These companies are not for profit or non-profit organizations. Nonprofit organizations are not allowed to make a profit‚ and do not pay taxes‚ but they might generate
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For Profit Vs. Not For Profit organizations: I would like to start with the more interesting type of organizations to discuss and that is not for profit organization (NPO). The first advantage to NPO is simply tax exemption (IRS‚ 2012)‚ once an organization meets certain criteria and is approved as a NPO‚ it doesn’t pay tax on its income. It is very important to understand here that the money saved from not paying tax is reinvested in such organization to either continue providing the type of services
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