Accounting Principles‚ Concepts and Conventions Accounting principles are guidelines & standards‚ which have been accepted by the accounting profession in preparation and presentation of accounts of the business. It is approved and normally accepted by the government bodies &controlling authorities. Accounting principles are uniform in order to understand in the same sense by those using it. Also they are not rigid (i.e. inflexible) like principle of gravity but they are flexible.
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Chapter 02 Worldwide Accounting Diversity Multiple Choice Questions 1. What is the equivalent of U.S. balance sheet common stock on the balance sheet of a British company? A) Capital redemption reserve B) Share premium account C) Own shares held D) Called-up share capital Answer: D Level: Medium LO: 1 2. Which of the following is not a problem caused by accounting diversity? A) Lack of qualified international
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Cost management | Wilkerson Company Case | | 1. What is the competitive situation faced by Wilkerson? The competitive situation faced by Wilkerson is quite severe. Price cutting in its main product has led to a huge drop in profit. While price increase in another product line partially made up the loss. We will discuss the detailed situation line by line. (1) Valves It was the first product line developed by Wilkerson and its high quality brought it a loyal customer base. Even
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In order for Mary to move up in Maslow’s Hierarchy of Needs pyramid‚ "security and safety"‚ she needs to ensure her basic needs are being met first. As shown in the case study‚ the care manager at Sunnydene care home assists Mary to do so by showing her respect‚ telling other carers to be friendly and telling other carers to be supportive and listen to Mary and her needs. This would therefore help Mary to feel more confident to leave her room to eat her lunch meals and to join in with what everyone
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The disadvantages of internet uses for children Today‚ internet is one of the most powerful tools through the world because it is a collection of various services and resources for people to search. But‚ even though it provides the massive benefits‚ the disadvantages of internet uses are also concerned by most parents to their children for seeing the possible cab consequences happening through different areas. First‚ some parents do not realize the dangers involved when their children log onto
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sheet date? Explain. Fixed assets are appeared in a balance sheet at historical cost less depreciation up and coming. Depreciation influences the carrying value of an asset on the balance sheet. The historical expense will rise to the carrying value just if there has been no change recorded in the value of the asset since acquisition. In this manner‚ the accounting report does not demonstrate genuine value of assets. Historical cost is reprimanded for its mistake since it may not reflect current market
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he/she wants to study. There are two choices on how one can attain education. It is through attending schools or homeschooling. Homeschooling is the process of studying in your own home. Despite the many benefits of homeschooling‚ there are some disadvantages to it. The amount of sacrifice of a person can affect him/her physically‚ emotionally‚ and financially. How would you think a child gain friends if he/she is homeschooled? We must know that homeschooling affects a student’s development of social
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Are you looking for a place to call home? Well‚ Tucson may be the place for you! Tucson has many advantages as well as it has disadvantages. From the hot sun to the beautiful winter‚ the nice hot dry heat to the dangerous critters lurking around your house! Also‚ Tucson is not prone to any natural disasters other than a little rain! If it is the place for you‚ it is only for you to decide! Tucson is popular for some critters that you don’t want to hang around with. Home to the Diamondback Rattlesnake
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UNIVERSITY AMERICAN COLLEGE SKOPJE To be completed by students (typewritten) COURSE NUMBER | | COURSE TITLE | Financial Accounting | SEMESTER | V | SESSION | | ASSIGNMENT NUMBER | 1 | SUBMISSION DATE DUE | | ASSIGNMENT TITLE | IFRS: Advantages and disadvantages | INSTRUCTOR’S NAME | | To be completed by the front desk secretary or the course administrator SIGNATURE | DATE SUBMITTED | HOUR SUBMITTED | MATERIAL SUBMITTED | | | | Hard copyE-submission | | To be completed by
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Disadvantages of Facebook Now it’s time to talk about some disadvantages of Facebook. There are some Disadvantages of Facebook beside all these advantages. Some of the main disadvantages are : #. Facebook is Addicting! Facebook is too much addicting! Facebook is too too addicting! Yes it is indeed addicting which often kills your valuable time. Using Facebook for your need is fine but when you waste most of your valuable time then it is not good. The biggest disadvantages of Facebook is it’s addiction
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