the United States‚ Americans have strongly believed their traditional values. Datesman‚ Crandall‚ and Kearny (2005) list perfectly the six American values‚ which are individual freedom‚ self-reliance‚ equality of opportunity‚ competition‚ material wealth and hard work (p.29). One of the most important traditional values that people have strongly believed is called equality of opportunities which means that everyone has a chance to succeed. In addition‚ by working hard‚ Americans had invented and created
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a successful educational outcome and has the language‚ educational and material background to have a reasonable chance of achieving this educational outcome. Factors that are considered under the existing requirement to be a genuine applicant for entry and study as a student include: English language proficiency; financial capacity; prerequisite schooling; age requirements; and intention to comply with visa conditions. There are no changes planned to the genuine student requirement. Why has the
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What are the major advantages of the use of books of prime entry? There are many major advantages of using prime entry for varying entries. The first advantage is that it helps to keep the records briefly as it is difficult to manage every single transaction in the main ledger as it occurs. Another advantage of using prime entry of accounting makes it easy to follow transactions and avoids the confusion occur if all of the different information was in one place. The separated information saves the
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Principles of Accounting 1 American InterContinental University I have been asked by my supervisor to mentor a new accounting clerk in my department‚ I am hoping that when I’m done mentoring this person that they will understand accounting better. I am also hoping that my supervisor will be proud of me‚ and continue asking me to mentor new people‚ and hopefully give me a raise or a promotion. To better understand accounting we need to know why adjusting entries are so important to a business
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Entry 1: I have received this book from by brother‚ Ruben. He gave it to me when I was trapped in the cistern when my brothers were away working. Ruben told me to write in it so people will know what happened to me. He told be he swiped it from my father’s blank books he was planning on writing in. I guess I should start from the beginning…. It all started with my father‚ Jacob‚ who gave me a fancy coat. My brothers interpreted this as he loved me more than them and they distanced themselves from
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On Friday‚ March 28‚ 2003‚ Richard Okumoto intently studied a set of hard-copy accounting documents called “adjusting journal entries” spread out on his desk. He had been appointed chief financial officer (CFO) of Electro Scientific Industries‚ Inc. (ESI)‚ a multi-million dollar equipment manufacturer‚ just a few weeks earlier. Okumoto was in the midst of closing the company’s books for the third quarter of fiscal year 2003‚ which ended February 28. An experienced executive who had served
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Formal Entry System (FES) Facilitates the processing of entry declaration on importations of a commercial nature for local consumption (sale or barter) of raw materials‚ semi-finished and/or finished goods to collect the necessary duties‚ taxes and other fees.FES also facilitates the control of regulated‚ prohibited and other ‘high-risk’ items through the use of the selectivity process. Warehousing Entry System (WES) Facilitates the declaration processing of tax and duty-free importations under
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First of all‚ according to Vinod (2008 -2013) books of prime entry are books where transactions are first recorded. These may or may not be part of the double system. These are not accounts; they are simply books that record details of transactions. Books of prime entry are also known as books of original entry / subsidiary book/ daybooks among others. In any organization where company’s buy and sell goods‚ will need to divide the journal into subsidiary books. And they are as follows: Sales
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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Finally Forming the African American Identity Prior to the 1920s‚ African Americans had no method of self-expression‚ and as a result‚ American culture largely consisted of traditional European influences. The end of World War I provided a unique opportunity for the expression of African American culture that had not been possible before. African American culture of the 1920’s was vastly different from mainstream American culture. African Americans’ adaptations of classical forms of music and literature
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