Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
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1A SUMMARISE ENTITLEMENT AND PROVISION FOR EARLY YEARS EDUCATION. Since 2004 all children in the UK aged 3-4 years old are entitled to 570 hours of free early years education or childcare places at nursery or a pre-school setting a year. This is often taken as 15 hours a week for 38 weeks of the year as part of the ‘Every Child Matters’ agenda and ‘Childcare Act 2006’. Early years provision in schools is about supporting very young children and is based on the concept of learning through play
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Understand employment responsibilities and rights in health‚ social care or children’s and young people’s settings. ERR Booklet Task A Ai: Imagine you area newly appointed supervisor/manager within your service. You need to update your staff handbook to reflect current employment law. Identify three different sources of information you could use to enable you to do this. 1. Direct Gov website https://www.gov.uk/browse/employing-people 2. ACAS https:/www.acas.org.uk 3. Health
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Child Abuse and the Importance of Reporting Child abuse has been a problem for many centuries‚ and there have been studies of how people have lived that show a constant pattern of child abuse and neglect. The following information will show people the history of child abuse‚ warning signs‚ statistics of the abused‚ the different reporting processes‚ and the ethical importance of reporting child abuse and neglect. To begin this discussion‚ the readers will be introduced to the history of
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THE IMPORTANCE OF GOAL SETTING IN SMALL AND MEDIUM SIZED BUSINESSES INTRODUCTION What is the difference between a small business that struggles and a small business that thrives? Perhaps it is because one business has more educational backing or initial monetary investments. Or could it be location of the business? Although all these points are factors in whether or not a business will succeed or fail the real answer to these questions are goal setting. Goal setting can either make or break
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Ovalles1/16/2014 English In history‚ there have been various wars that have affected the lives of people around the world. The Setting Sun by Ousamu Dazai and The Reader by Bernhard Schlink are both examples of how World War II affected people. In The Setting Sun the author displays how much a country’s tradition changes after imperialism which is why some people might say The Setting Sun best represents the effects World War II had on culture. However‚ The Reader best describes the effects the war had
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The setting is in a Graveyard. It takes place in modern day. It has an edgy feel to it. It is dark and filled with spirits and ghosts. Nobody is the the main character. His nick name is Nob. At first‚ Nob was very confused of the world. But then he became more comfortable overtime. Nob is protective of Scarlet‚ since they’ve basically known each other their entire lives. He’s very curious and always is wondering something. He always wants what’s best. Not just for himself‚ but also everyone around
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in S.E Hinton’s book The Outsiders. The setting of the book is east/west side of town. There are two groups in town‚ the socs and the greasers. They were a greaser or soc depending on what side of town they lived in. For example the greases lived on the east side and the socs lived on the west side of town. They setting affects the characters by developing their personality based on where they lived. The main characters in the book is Ponyboy. The setting affects him because Ponyboy is not a real
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Describe roles and responsibilities under current H&S legislation. Health and safety legislations are an important in the workplace as they enforce the protection for employees‚ employers and visitors/contractors where the official aim is the reduce or prevent the risk of future injuries through elimination or minimisation. Because of this there are certain parts that a member might play in a part of a process or operation and these are their roles. Additionally responsibilities are the duties given
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The Role of Conservatism in Financial Reporting Table of Contents Introduction 3 Applications of Conservatism in Accounting 4 Advantages associated with Conservatism 7 Disadvantages associated with Conservatism 11 Recommendations and conclusions 14 References 17 Introduction This report investigates the application of conservatism in accounting and its role in financial reporting. We also examine and compare the advantages and disadvantages associated with conservatism and provide our opinion
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