The film Enron: The Smartest Guys in the Room (2005) demonstrates that Enron‚ as a company‚ was managed through patriarchal and authoritarian principles that facilitated‚ and even encouraged‚ illegal activity. Enron was a well-respected company that received accolades in the press and was named Fortune Magazine’s most admired company for several years; this created
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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The crisis which ultimately led to the collapse of the Weimar Republic was contributed by World War 1 and political‚ cultural and economic factors. The Weimar Republic would have continued to be a functional government far longer than achieved if not for the economic burdens imposed by the Great Depression‚ the flawed Article 48 and the rise of the Hitler and the Nazi Party. These factors eventually contributed to the downfall of Germany’s first attempt at a legitimate Democracy. The societal‚ economical
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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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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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DEMONTRATIVE COMMUNICATION PAPER Demonstrative communication is the nonverbal and unwritten communication that involves such things as facial expressions‚ which is the most common‚ tone of voice‚ and body language. Demonstrative communication happens between people who are communicating to each other and this happens through a sender and receiver process for communication. When a person is the sender‚ they are generally the speaker‚ and that person is trying to convey a message to a receiver to
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I believe there are no shortcuts to any place worth going. Most of my stories relate to working out‚ as I spend a great amount of time doing just that. This particular story all started on June third‚ right when summer workouts started. I walked into the gym and began my pre-workout stretch. I continued to repeat this same routine throughout the summer mornings: pre-workout stretch‚ workout‚ cross country practice‚ post-workout stretch. It was a never-ending cycle that I fell in love with.
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