equipment‚ supplies‚ any type of capital‚ furniture‚ and banking accounts) must be equal to the liabilities (bills‚ wages of employees‚ mortgages‚ and loans) plus owners/shareholders equality‚ which is the profit left over for the owner(s) (Editorial Board [EB]‚ 2012‚ p. 10). In simple form Assests=Liabilities+OwnersEquality‚ it is very important that the two sides are always even. Debits and credits are to equal the same for a given amount such as when a new piece of equipment is to be purchased for
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From: Mary.Roupp Date: 4/1/2006 1:35:26 PM Subject: Re: Unit 2 The Timing and Mechanics of Accounting (DB) Companies often try to manage earnings by recognizing revenue before it is actually earned acco5rding to GAAP‚ or by deferring expenses that have been incurred. For example‚ to meet the targeted earnings for a specific period‚ a company may capitalize a cost that should be expensed. Read the following scenario and then decide how you would handle this opportunity to manage earnings
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validity of the data. This means that data within a system is true and correct. If the information in an accounting information system is not correct then information that is produced is going to be of no use to the company’s employees‚ management‚ and board of directors that make the decisions. There are various steps that these people can take in order to make sure the information is accurate and the best decisions for the company can be made. According to our text‚ some of the ways to ensure integrity
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their own conclusions based on multi-source research. While this supposition is the conceptual intention of curriculum design‚ it is unachievable in practice. Teaching is a fluid action in which discussion and exploration continually have a place. Through the process of student-directed discussion and exploration‚ the teacher inevitably will reveal his/her beliefs and bias whether intended overtly or not. Instructionally‚ sharing ones’ beliefs and bias can be beneficial if they are acknowledged
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Describe the nature of the early African-European contact. At first‚ the relations between the Europeans and Africans centered primarily on the trade of items such as gold‚ ivory‚ cloth and guns. Then things took a turn for the worse when trade turned to from gold‚ ivory‚ cloth and guns to humans. What is meant by enslavement? Enslavements is the making slaves of your captives or forcibly dispossessing an owner of property (people). How did the plantation system make slavery a lucrative
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“Today‚ with recent advances in Technology‚ people can maintain their social networks electronically; they don’t need face-to-face contacts (Schaefer‚ 2012‚119).” For myself personally‚ social networking has been an important part of my life for this past year. My Husband is in the United States Coast Guard‚ so his job requires us to relocate to different stations mainly across the United States. Relocating is always a big adjustment‚ because not only are you in a new environment that you know almost
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References: Daft‚ R. (2010). Organizational Theory and Design (11th ed.). Mason‚ OH: Centage Learning. Elmuti‚ D. (2003). The Perceived Impact of Outsourcing on Organizational Performance. American Journal of Business‚ 18(2)‚ 33–42. doi:10.1108/19355181200300010 Kimmons‚ R.‚ & Demand‚ M. (n.d.). What Are the Differences between Vertical & Horizontal in Strategic Management? Small Business - Chron.com. Retrieved August 21‚ 2013‚ from http://smallbusiness.chron.com/differences-between-vertical-horizontal-strategic-
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Q1. Tamira could have taken several other courses of action besides the choice she made to estimate the expense accruals and keeping this information from the President. Firstly‚ she could have told the President that there was not enough time before the meeting with the bank to prepare accurate financial statements that could be relied upon by the bank in making its financing decision regarding Picton. She also could have inserted footnotes with each adjusting entry that she estimated‚ so both the
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Unit 2 Discussion Board COMP102 I have been using word throughout my life such as in grade school‚ middle school‚ high school‚ and Now College and to be honest the only thing I have used it for was to type up school work and I had very little knowledge about it. After reviewing the site provided I found quite a few things interesting to me. Since I am a business owner and I am only into the field a few months now I found it very cool that there are templates to make business cards‚ I have
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Phase 1 Discussion Board Part 2 Joe Parker MGM465-1404B-02 Business Strategy Professor Ryan Tipton November 19‚ 2014 Walmart‚ who would have known that they are the largest retail business in the world blowing their competitors out of the water. Revenue of $442 billion each year compared to $70 billion that Target brought in is truly amazing. With over four thousand four hundred stores across the world Walmart is the largest private employer (Time Inc.‚ 2014). Do you know who or what country
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