ACCOUNTING THEORIES 1. What is the difference between a positive theory of accounting and a normative theory of accounting? 2. What do we mean when we say that ‘theories are abstractions of reality’? Do you agree that theories of accounting are necessarily abstractions of reality? 3. Identify and explain 5 different criteria we might use to establish a theory as being suitable for use in our research. 4. Is the study of financial accounting theory a waste of time for accounting
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Values and ethics are of high importance in determining the nature of a society or a culture. They are used as complimentary terms but they mean different in literal sense. Values define personal character and refer to the beliefs that a person practices when he interacts in personal and social relationships. The conduct exhibited by the person in personal-social behaviors gives a correct evaluation of his morals. Values identify the way a person lives. Ethics are the codes or standards of conduct
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local market area residents. The Company EB is incorporated in Eldoret Town‚ its postal address being The mobile number being It is owned and managed by its owner-Eric Kipchoror Kiplagat. Mr.Eric Kipchoror Kiplagat has extensive experience in accounting‚ sales‚ marketing‚ and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations. Products and Services
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Analysis of My Fair Lady The play My Fair Lady‚ written by Alan Jay Lerner in 1956‚ focuses on turning an unsophisticated flower girl into a well brought up lady. Henry Higgins is a professor of languages who is high class and very snobby. Eliza Doolittle is a poor flower girl who dreams of living the high class life. Colonel Pickering‚ a good friend of Professor Higgins‚ makes a wager with Professor Higgins that he can not fool everyone into thinking Eliza is a duchess. Alan Jay Lerner (1918-1986)
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Copyright and Fair Use Laws Effects of Copyright and Fair Use on Educators Melissa Osuna National University “The power of technology is a two-edged sword…” (Roblyer & Doering‚ 2010‚ p.20)‚ with an infinite amount of easy-access resources available online‚ copyright and fair use laws or more important that ever. The availability of online periodicals‚ full-texts and others resources is increasing drastically‚ and its imperative to make sure teachers
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The Comparison of Macbeth and characters in terms of “ Fair is foul.” You probably have experienced that you picked a book because you liked its cover‚ but it was not worth-reading. In the play of “Macbeth”‚ also a main character written by William Shakespeare is like that. He is deeply ambitious‚ though one incidence he experiences completely leads him to the tragedy that happens at the end of the play. The theme‚ “Fair is foul.” which literally means that things are not as they seem‚ influences
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business values and agencies have harmed their balance sheets. For any business‚ customer is very important‚ and businessman attempt to communicate to all their target customers using means of communication like advertising and sales promotion. Advertising is a very powerful and most commonly used tool. UNETHICAL ADVERTISING Advertisement is considered unethical in the following situations; • When it has degraded or underestimated the substitute or rival’s product. • When it gives false or misleading
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Super Bakery Inc. Strategies Super Bakery... Save Paper Costing Methods system will work and be effective. A job order cost system and a process order cost system would not work for Super Bakery‚ Inc. for different reasons. A... Save Paper Cost Accounting Test Name: ________________________ ID: A 47. KCT Printing Company uses a job order cost system. (a) Indicate the source of the data for debiting Work in Process... Save Paper Costing Methods Paper that identifies abuse by customers‚ brokers
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CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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Fair Trade Letter Fair Trade is a trading partnership‚ based on dialogue‚ transparency and respect‚ that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to‚ and securing the rights of‚ marginalized producers and workers – especially in the South. It provides a living wage. That is a wage high enough to provide the basics in that community. It ensures that the farmer gets decent working conditions‚ that children cannot
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