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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nImproving the Quality of Environmental Documents A Report of the Joint AASHTO/ACEC Committee in Cooperation with the Federal Highway Administration May 2006 American Association of State Highway and Transportation Officials Acknowledgments AASHTO‚ ACEC‚ and FHWA gratefully acknowledge the contributions of the task team members who worked on this effort. In addition to the information provided in this guide‚ a wealth of information compiled by the Education Task Team will be accessible
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Defining Environmental Crimes Environmental crime is a serious and growing concern at national as well as international level‚ and one which takes many different forms. Environmental crime in broad terms means an act which is committed with the intention of damaging or causing damage to the ecological and biological systems to ensure business or personal benefit. The types of acts commonly recognised as environmental crime are: pollution or other contamination of air‚ land and water; illegal discharge
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The study of ethics is a very old process. It is a topic scholars have been studying and theorizing on for centuries. This is not the case when we talk about environmental ethics. The study of environmental ethics has only really been studied for the past forty years or so. Ethics is defined as the study of right and wrong conduct. (Ruggiero‚ (2008)‚ pg. 5) This translates to the environment by how we as humans do right or wrong to the environment. For many years people have gone about their
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Environmental Scan – Lego and Harley Davidson MGT/498 Strategic Management November 14‚ 2013 Mario Ducret Environmental Scan – Lego and Harley Davidson Internal and external environments are very important for businesses operating globally due to local and external competitions. Healthy businesses must analyze their internal and external environments in their strategy formulation. Strategic planning requires that an organization must initially scan the environment for
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Why is it important to understand the role of science in environmental controversy? Understanding the role in which science plays in an environmental controversy is a crucial element for a comprehensive analysis. The use of scientific knowledge is often represented as a fundamental principle within environmental controversies. The centralized view of science relates to many factors. Firstly‚ the assumptions of science as an authority lend it to be a privileged type of knowledge. Secondly‚ as the
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outstanding products and services to all customers. They take responsibility to the socially and environment. Cathay pacific put effort in the local and global environmental sustainable such as air quality‚ nose‚ water‚ waste. They make the report about the environmental sustainable to evaluate and improve in next few years. Environmental sustainable is the maintenance of factor and practices that contribute to the quality of environment on a long-term basis for the whole world. Air quality:
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that affect the economy and the social lives of citizens. What is Environmental Degradation? Environmental degradation is a process through which the natural environment is compromised in some way‚ reducing biological diversity and the general health of the environment. This process can be entirely natural in origin‚ or it can be accelerated or caused by human activities. Many international organizations recognize environmental degradation as one of the major threats facing the planet‚ since humans
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