PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has
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CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
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http://njit.experience.com/er/stu/profile/career_prefs.jsp Three Principle Gears mentioned in this paper: To solve the problems or the issues that the companies are facing the author has suggested these three principle gears that were designed to help the companies to overcome the communication gap with the help of business strategy and technology. Gear One- Long Term IT Plan: This gear focuses mainly on the IT technology‚ objectives and goals. Successful business planning requires concentrated
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or work slowly to protect his own best interests 3. Inefficient rule of thumb methods‚ which were almost universal in all trades‚ which cost much wasted effort In this section‚ Taylor explained his principles of scientific management. Taylor ’s scientific management consisted of four principles: 1) Replace rule of thumb work methods with methods based on a scientific study of the tasks. 2) Scientifically select and then train‚ teach‚ and develop the workman‚ whereas in the past the employee
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1. Epigenetic rule The rule would make humans more fit to survive because we have the tendency to both fear and be fascinated by snakes is an epigenetic rule. Then culture draws in and fuels this fear and fascination of snakes with myths and stories. Culture may reinforce this epigenetic rule about serpents with stories depicting snakes as evil. An example is the story of Adam and Eve in which the snake is seen as temptation and sin ( the devil tempting her) and they are kicked out of the garden
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Principle of Double Effect An action that is good in itself that has two effects--an intended and otherwise not reasonably attainable good effect‚ and an unintended yet foreseen evil effect--is licit‚ provided there is a due proportion between the intended good and the permitted evil. When there is a clash between the two universal norms of "do good" and "avoid evil‚" the question arises as to whether the obligation to avoid evil requires one to abstain from a good action in order to prevent a
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UNIVERSITY OF LONDON 279 0025 ZA 996 D025 ZA BSc degrees and Diplomas for Graduates in Economics‚ Management‚ Finance and the Social Sciences‚ the Diploma in Economics and Access Route for Students in the External Programme Principles of Accounting Wednesday‚ 5 May 2010 : 10.00am to 1.15pm Candidates should answer FOUR of the following SEVEN questions: QUESTION 1 of Section A‚ QUESTION 2 of Section B‚ ONE question from Section C and ONE further question from either Section B or
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ACCT 112: PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting
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The Elliott wave principle is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities. It is named after Ralph Nelson Elliott (1871–1948)‚ an accountant who developed the concept in the 1930s: he proposed that market prices unfold in specific patterns‚ which practitioners today call Elliott waves. Elliott published his views of market behavior in the book The Wave Principle (1938)‚ in a series of articles in Financial World magazine in
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Pauli Exclusion Principle Wolfgang Ernst Pauli was an Austrian theoretical physicist famous for his work on the spin and quantum theory‚ and for the beneficial finding of the Pauli exclusion principle. Pauli was born on April 25th‚ 1900 and died on December 15th‚ 1958. He was a Foreign Member of the Royal Society of London and a member of the Swiss Physical Society‚ the American Physical Society and the American Association for the Advancement of Science. Pauli helped to set in place the basis
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