Checkpoint: Accrual Method •Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? Why is accrual accounting important? Cash basis accounting‚ for example when you ship goods out of your business to customers and they have receipt but have not received the cash‚ means that you may have not booked the revenue. Accrual accounting is more accurate with the timing of reported revenue
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Contingency theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. A contingent leader effectively applies their own style of leadership to the right situation. In contingency theory of leadership‚ the success of the leader is a function of various contingencies in the form of subordinate‚ task‚ and/or
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Explaining Basic Accounting Concepts and Business Structures Laurie D. Melvin ACC/537 – Financial Accounting May 9‚ 2011 James Neuner‚ MBA One of the most important decisions to make when one chooses to start a business is knowing the type of legal organizations to select because the decision affects many aspects of the business. What can be affected are the amount and type of paperwork required‚ tax payments‚ possible personal liability
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Contingency theorists argue that an organization that adapts to its environment will perform better than an organization that does not (Donaldson‚ 1996) and that mismatched characteristics within organizational configurations will prevent an organization from achieving natural harmony with its environment that will lead to better performance (Mitzberg‚ 1981). In contrast to the classical scholars‚ most theorists today believe that there is no one best way to organize. What is important is that there
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retributivism by examining the four requirements necessary for punishment. The four requirements for punishment are guilt‚ equal treatment‚ proportionality‚ and excuses. These requirements mean only the guilty get punished‚ each criminal who commits the same crime gets roughly the same punishment‚ the punishment is proportionate to the crime‚ and if provided a legit excuse‚ then no punishment is given. Rachels also argues that deterrence and rehabilitation do not meet the requirements‚ but retributivism does
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organizations. For example‚ many work teams are using the work performance measurement to improve processes. 1. Work performance measurement is important for an organization to compare operational processes‚ evaluate workers‚ and determine costs. 2. The four basic methods of work measurement are time study‚ elemental standard time data‚ predetermined motion-time data‚ and work sampling. Each method has its own advantages and area of application. 3. In many cases‚ work measurement is used as part of a financial
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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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Contingency Theory Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. An organizational / leadership / decision making style that is effective in some situations‚ may be not successful in other situations. In other words: The optimal organization / leadership / decision-making style depends upon various internal and external constraints (factors). Contingency Theory factors Some examples
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The Basics of Buddhism Cherry Harris Axia College of University of Phoenix The religion of Buddhism originated in the country of India‚ however it is now practiced in many different parts of the world. Buddhism is becoming a vastly popular religion throughout the western continents. Buddhist follow a number of beliefs which are outlined in a number of different doctrines out into motion by the Buddha who lived more than 2‚500 years ago. The instructions provided in this doctrine illustrate
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11. Identify the four basic types of tissues and the functions of each tissue type. There are four different types of tissue. They are; nerve‚ epithelial‚ connective‚ and muscle. The nerve tissue is made up of neurons that receive and transmit electrical impulses‚ this is their function. There are several different types of epithelial tissue. First there is simple squamous epithelium tissue. This is a single layer of cells that is in the lining of blood vessels‚ the lining of the pulmonary alveoli
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