the legal bound obligation to pay debts or in short‚ the debts of the business. Current liabilities are accounts payable‚ creditors‚ prepayments; long-term liabilities are bank loan‚ bonds‚ mortgage and so on. While capital is the first investment of business’s owner or the profit retained for business uses. Next‚ accounting can be define is a two-step process which are choose the right accounts used in a transaction and determine the correct amount to be used in the transactions. Both of these steps
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Finance and Investment Cycle I. Introduction A. Special purpose entities B. Transaction: less frequent‚ large and complex C. Focus of control activities: authorization of transactions & compete of accounting personnel D. Focus of substantive procedures: understanding of the transactions‚ verifying amounts and calculations‚ ensuring presentation and disclosures II. Inherent risks E. Lease accounting 1. The classification of operating or capitalized
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Green economy 1. What is bad for you and the environment is cheap 2. What is good for you and good for the environment is expensive 3. Most people cant afford it 4. Not only is it expensive it isn’t any better for the environment Blue economy 1. Open your eyes to see what we have 2. Using what you thought was waste to create food energy and jobs 3. Poverty into development 4. Scarcity into abundance 5. Make a bigger cake to share 6. Starts with entrepreneurs
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They say that it takes five stages of grieving after you lose someone you love. Well‚ i can easily say that these five “simple” stages can feel like a hurricane of emotions. I mean sure‚ you have the death of your favorite character on a show‚ or in a book‚ but death never really hits you until you experience it. Until you see it. Until you feel it. Ever since i could remember‚ my grandmother or “ Teta “ is arabic‚ was always apart of my life. She was there when i was learning how to walk‚ when
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one is‚ where one is headed in life‚ and what one believes in. People who achieve ego identity clearly understand their personal needs‚ values‚ and life goals. Erikson believed ego identity is the key developmental task of adolescence and sets the stage for meeting the next life challenge: achieving intimate‚ secure relationships with others. In other words‚ we need to know who we are before we can reveal our true selves to others in the context of close‚ binding relationships. Evidence supports Erikson’s
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Accounting Cycle Intermediate Financial Accounting ACC/421 July 11‚ 2011 Accounting Cycle An accounting cycle is a sequence of six steps in the processing of financial transactions (from the time they occur to their inclusion in financial statements) pertaining to an accounting period. These steps are: (1) analyzing the transactions as they occur‚ (2) recording them in the journals‚ (3) posting debits and credits from journal entries to the general ledger‚ (4) adjusting the assets with
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States has one of the world’s largest economy. The GDP is valued at $17.914 trillion dollars! (World Bank)2 So how can one of the world’s largest economies belong to a country that has an increasing gap between rich and poor? Simple‚ the way it is run! The US government has lost control of and has virtually stopped regulating our economy. We have allowed our jobs to be outsourced in the name of profit. Politicians have allowed big business to run not only our economy‚ but our government. According to
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Stages of Counseling Stage One: Relationship building During this initial phase of therapy several tasks must be completed including; Laying foundations for trust‚ Establishing the structure and form therapeutic relationship will take‚ and completion and explanation of informed consent process and forms. This stage is crucial to counseling in that it defines the roles of the counselor and client‚ and constructs the foundations and structure of therapy. When this initial stage is executed
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A "Mixed" Economy A "mixed" economy is a mix between socialism and capitalism. It is a hodgepodge of freedoms and regulations‚ constantly changing because of the lack of principles involved. A mixed-economy is a sign of intellectual chaos. It is the attempt to gain the advantages of freedom without government having to give up its power. Communism | A satellite photo of the Korean peninsula at night. Can you tell which half is Communist and which half is Capitalist? | Communism is a form
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The Economy of California Term Paper ID:27801 | | | Essay Subject: The nation began recovering from the recession‚ but California’s economy seemed to respond less quickly. There are two likely reasons for this: California’s economy is the largest in the nation; & the decline in aerospace spending.... More... | | Paper Abstract: The nation began recovering from the recession‚ but California’s economy seemed to respond less quickly. There are two likely reasons for this: California’s
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