The role of a public administrator in the United States today is as varied as it is essential. Government spending will approach nearly four trillion dollars in two thousand eleven‚ which means that qualified public servants must be in place to oversee the efficient implementation of government policies. (Andrews‚ 2011) “Public administrator” is a term which encompasses a wide range of possible job titles; public administrator’s range from parole officers to policy analysts‚ and each works day
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Chapter 1: Overview—The Financial Statements Chapter 1 introduces the four financial statements--Income Statement‚ Statement of Retained Earnings‚ Balance Sheet‚ and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business – proprietorship‚ partnership‚ limited – liability company‚ and corporation‚ are discussed
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How is XBRL implementing financial reporting technology in India? Extensible Business Reporting Language is one of a family of “XML” languages that is a standard means of communicating information between business and via the Internet. XBRL can be used to express a wide range of reports and disclosures including financial statements‚ internal management information‚ credit filings and statistical reports. XBRL international is a non-profit consortium whose members include approximately 300 leading
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products. Imperialism has been the most powerful thing in the world over the last four or five centuries. Nationalism in a country contributed to the growth of imperialism. Many countries have joined
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fair value accounting. Fair value accounting is to measure selected assets at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The objective of fair value accounting is linked with the objective of ‘decision usefulness’ of general purpose financial reporting. That is‚ to provide relevant information that is representationally faithful for users. IASB’s (and FASB’s) accounting standard
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Reporting Contingencies and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible
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Lecture 7 – Tutorial Questions Tutorial List: 7-1‚ 7-2‚ 7-3‚ 7-4‚ 7-5‚ 7-6‚ 7-7‚ 7-8‚ 7-9 7.1. Kristen Hope asks your help concerning an NSF check. Explain to Kristen (a) what an NSF check is‚ (b) how it is treated in a bank reconciliation‚ and (c) whether it will require an adjusting entry. 7.2. The bank portion of the bank reconciliation for Brasilia Company at October 31‚ 20X1 was as follows. BRASILIA COMPANY Bank Reconciliation
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ACCOUNTING IN BUSINESS “Defining the three important financial statements has made analysts’ life simpler by ensuring consistency in reporting”. Analyzing a business’s performance and standing can be adequately done using financial statements. WORD COUNT: -1463 Kunal Sharman SHTM 2012 Institute for international management and technology Oxford Brookes University Ms.Garima Gupta “Defining the three important financial statements has made analysts’ life simpler by ensuring consistency in
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Federalism‚ the form of government in which authority is divided between the states and the federal government‚ is the primary form of government within the United States. Its origins‚ rooted in the Anti-Federalist opposition to a strong central government‚ geographical practicality and the existence of various political subcultures‚ are the primary factors as to why Federalism was established. Practices such as same-sex marriage rights‚ speeding laws‚ and taxation laws among various states are examples
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Small Business Owners Did you know that 65 percent of Americans are small business owners? The average income of these small business owners is over $400‚000. According to statistics‚ there are at least 25 million small business owners in the United States. Only 20 million out of the 25 million have fewer than 50 employees and approximately 17 million small businesses have only one or two employees‚ including the owner. Owners can have any type of education to start their own business. Some
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