The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Two complete strangers is a short descriptive love story that involves the main protagonist who meets a beautiful woman in the beaches of Hawaii. He falls in love with her instantly‚ primarily based upon her physical appearance. Within less than a day‚ he expresses his love for her‚ and regrets it shortly afterwards as she abandons him within the same day. The story was written to create an emotional understanding of the protagonist to the readers as he experiences both joy and tragedy throughout
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HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION 1. INTRODUCTION Management accounting provides accounting and related information to support the management of an organization in its internal decision-making. It includes product costing‚ relevant costing‚ cost-volume-profit analysis‚ capital budgeting‚ and operational‚ tactical‚ and strategic planning. A major activity included in the management accounting is the measurement of costs of processes that create value. Management accounting is
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local market area residents. The Company EB is incorporated in Eldoret Town‚ its postal address being The mobile number being It is owned and managed by its owner-Eric Kipchoror Kiplagat. Mr.Eric Kipchoror Kiplagat has extensive experience in accounting‚ sales‚ marketing‚ and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations. Products and Services
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opposite when it comes to wealth. “You often decide that you’d rather sacrifice security and wealth for the sake of adventure‚ creative challenge‚ and/or job satisfaction. Such choices will leave you poorer in economic terms but richer in spirit.” (The Complete Book Of The Zodiac p.12). Aries often choose adventure at the risk and expense of security and wealth due to the immediate gratification of a free spirit. While the taste of adventure is satisfying and it allows for a deeper connection with yourself
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My recommendation to the Seagram’s management team‚ especially as a response to the five challenges presented at the end of the chapter highlights the reading “Why Change Programs Don’t Produce Change”. According to the article by Michael Beer he notes that just changing behavior is not conducive to organizational change‚ however‚ giving the individual a “new organizational context will develop new attitudes based on new roles and responsibilities” (Jick & Peiperl‚ 2011‚ p. 267). When factors such
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CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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Projectile motion is an example of motion with a constant acceleration. In this experiment‚ a projectile will be fired from some height above the floor and the position where it lands will be predicted. To make this prediction‚ one needs to know how to describe the motion of projectile using the laws of physics. The position as a function of time is: (1) By measuring the appropriate quantities‚ one can predict where the projectile will strike the floor. Eq. (1) is a general form describing the position
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Why complete a TEFL course? It pays to study TEFL course for several reasons. I was searching for a course to study besides my Business Administration. I was so frustrated making a choice on what to study when I met a friend of mine who had studied TEFL. As soon as she mentioned that she studied TEFL‚ I was now convinced that I should go for TEFL. I visited the TEFL website and made my choice to study TESOL. What is TEFL/TESOL? This is the question we often ask. These acronyms are used interchangeably
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