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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The Evolution of Policing Loretta A Chapman CJU230BO8 Author Note Abstract For an accurate look into the evolution of the function of police in society‚ I believe we must go through the history of police. It is a long history so I will focus on the origins and the most important advances. The first persons made to perform what we now realize to be police duties‚ occurred during the Ancient Era‚ between 3000 BC and 400 AD. Captured Nubian slaves were made to perform the police function of watch
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Evolution of the Earth The planet earth has gone through much abuse and punishment in the past. Formed approximately 4.5 billion years ago‚ the earth has undergone multiple catastrophic asteroids erasing species after species. Due to geologic evidence‚ it is estimated over 90 percent of all life that had ever lived in this planet have been extinct. No more than the past 500 million years alone‚ 50-90 percent of all organisms on earth were wiped out of the geological timeline without any warning
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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people have found answers that come from the bible and some have found answers elsewhere. There are three widely known ways that people look at Creation. The first way people look at creation comes from a theistic point of view and is called Theistic Evolution. This point of view has two extremes; one extreme is that God wasn’t directly involved with creation‚ he just got the ball rolling by creating the natural laws and building blocks and then he took a step back and then let nature take its course;
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ANATOMICAL EVIDENCE OF EVOLUTION In our studies of the anatomy and development of animals we have discovered that many living creatures that look quite different on the surface have similarities underneath their skin that suggest that they are related to each other. This is evidence that living creatures have evolved‚ or gradually changed over time. In this lab‚ you will learn about homologous‚ analogous‚ and vestigial structures and their value as evidence for evolution. INSTRUCTIONS A. HOMOLOGOUS
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The Evolution of the Telephone Thanks to Alexander Graham Bell‚ you can “hear me now‚” whenever and wherever you want. From a way to improve the telegraph to the smartphones we carry with us‚ the telephone has seen an evolution in technology like no other device. For the thirty years prior to its development‚ the only form of communicating with someone over long distances was either through the telegraph or by letter. As our country continued to expand‚ a better way to communicate was needed
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The changes that occur during a star ’s life are called stellar evolution. The mass of a star determines the ultimate fate of a star. Stars that are more massive burn their fuel quicker and lead shorter lives. Because stars shine‚ they must change. The energy they lose by emitting light must come from the matter of which the star is made. This will lead to a change in its composition. Stars are formed from the material between stars‚ shine until they exhaust their fuel‚ and then die a predictable
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University of Michigan Why Do Firms Smooth Earnings?* I. Introduction Corporate earnings management has been much in the news lately. For example‚ Business Week has recently run two cover stories‚ one titled “Who Can You Trust?” (October 5‚ 1998) and the other titled “The Numbers Game” (May 14‚ 2001)‚ that suggest that the credibility of earnings reports is being eroded by earnings management. Arthur Levitt‚ Jr.‚ chairman of the Securities and Exchange Commission (SEC)‚ commented in 1998:
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