Humans and animals share many characteristics‚ but are still categorized differently. Animals are looked more of being vicious‚ barbaric‚ uncivilized‚ and cruel. Animals do not have a higher conscience; they will do anything to survive in their habitat. Humans are looked at on a different level than animals‚ they are put on a higher level because humans have evolved to become civilized and have the ability to reason. Animals run on instinct and don’t have the ability to reason like humans‚ but when
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage 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
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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Global tragedy of commons Occurs when polluting a resource‚ like most parts of the environment‚ brings private benefits to the country that pollutes but ultimately has adverse global consequences (for all countries) irrespective of where the pollution originates. The term Global Commons refers to the earth’s unowned natural resources‚ such as the oceans‚ Earth’s atmosphere‚ and outer space. Common resources are overexploited because no person or institution has the motivation and/or responsibility
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Chapter 3 FIGHTING FRAUD: AN OVERVIEW Discussion Questions 1. Fraud prevention is important because it is the most cost-effective way to reduce losses from fraud. Once fraud occurs‚ there are no winners. 2. Creating a culture of honesty and high ethics helps to reduce fraud in various ways. Management through its own actions can show that dishonest‚ questionable‚ or unethical behavior will not be tolerated. By hiring the right kind of employees‚ management can select people who are
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Characteristics of Myself Kerri Larson Organizational Behavior Southern Institute of Technology Personality can be defined by the characteristic patterns of thoughts‚ feelings and behaviors that “determine how an individual reacts to and interacts with others” (Nancy‚ Robbins‚ & Judge‚ 2014‚ p. 42). It is very important as it helps define what type of person you are. An individual’s characteristics play a large role when it comes to understanding one another. These patterns make every individual
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Characteristics of the sonnet At one point in our lives‚ we all wonder what is a sonnet. A sonnet is a short poem that is slightly misunderstood and has fourteen lines in iambic pentameter with a meticulously patterned rhyme scheme. The sonnet has a reputation for being very complex‚ and hard to understand at times. Contrary to the popular belief‚ sonnets do not need to fit one specific rhyme scheme. The two most common sonnets are the Italian or Petrarchan sonnet‚ named after Francesco Petrarch
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Salami Fraud (1) by M. E. Kabay‚ PhD‚ CISSP Associate Professor‚ Computer Information Systems Norwich University‚ Northfield VT The recent disclosure that WorldCom concealed almost $4 billion of expenses as if they were asset acquisitions and thus falsified its accounting reminds me of the very opposite kind of fraud – one that involves lots of little thefts instead of one gigantic theft. In the _salami fraud_‚ criminals steal money or resources a tiny bit at a time. Two different etymologies are
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Achilles --- angry‚ arrogant and loyal. On the battlefield‚ he is unstoppable‚ able to rout whole armies single-handedly. He suffered from an overweening pride‚ called Hubris‚ which seemed to be a common characteristic of many Greek heroes. Achilles is also an exceedingly proud person. When the Greek general Agamemon takes Achilles’ war prizes for his own‚ Achilles’ hurt pride causes him to declare that he will no longer fight for the Greek side. He is seen as impetuous‚ but loving to his closest
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