online journals of Historical Cost and Fair Value: 1. Summary of HISTORIC COST VERSUS FAIR VALUE In accounting historical cost is the original or nominal amount of money paid for asset rather than inflation adjusted price. In other words it is the resource given up or a liability incurred to acquire an asset. The historical cost principle states that the asset should be reported at it cost (cash or cash equivalent amount) at the time of exchange and should include all cost necessary to get the asset
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"Education costs money‚ but then so does ignorance." Moser‚ Sir Claus On the Princeton website there is a report from a recent graduate that mentions Moser’s quote and goes into detail about it. It is specifically stated in this statement. "Professor Moser was a statistician‚ and this suggests we should analyze his declaration more rigorously. Education may be better than ignorance‚ but the real question is whether a [Princeton] education which carries an annual price tag higher than my salary
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I will be speaking about my personal values the ground rules and where and how they fit in with my decision making. The influences I received and who the players were which helped me shape my values. The criteria and the decision making factors and how I revised them. I will be speaking on the impact which values has played on my performance in the workplace and in what ways the impact has had on my personal and professional life in today’s society. I will also speak on what I decided to do for
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Entrepreneurial Opportunities in Turmeric Value Added Products ABSTRACT From time immemorial India has been known as Land of Spices. Turmeric is one of the major species in India. Growth in agro exports not only brings in additional foreign exchange for the country but benefits a large number of people involved in production‚ processing and exports of such products. India contributes to 80% of world turmeric production and is the largest exporter of turmeric. The major importing countries
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In my personal opinion a moral dilemma is one having to choose between what is right and what is wrong. This could be taken in several different ways‚ and might not be what others view as the right definition however this definition is in my own words. Moral. 2013. In Merriam-Webster.com. Retrieved April 11‚ 2013‚ from http://www.merriam-webster.com/dictionary/moral‚ the meaning of moral is “of or relating to principals of right or wrong in behavior.” When looking at this specific definition you
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is more suitable for e-business strategy formulation than the activity-based approach outlined in the value chain concept. Competence-based thinking focuses heavily on the resources and capabilities of a firm. It is thought to take a resource-based approach towards creating competitive advantage (Core competence‚ 2010). It considers how the different recourses and capabilities of a firm are used in conjunction with one another. Rather than looking at the individual activities of a firm‚ this approach
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Activity Based Costing Implementation for a Not-For-Profit Darrell Ament‚ Author The author was tasked with setting up an activity based costing (ABC) system for a not-for-profit organization. The first thing done by the author was to use the internet to research the use of ABC systems for non-profits. The result was the conclusion by the author that QuickBooks’ class feature could be used to track expenses‚ revenues and balance sheet costs for the implementing ABC. Income‚ Revenue and Balance
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Personal Values Personal Values Something that it is shared by everyone is our personal values. We acquired them from our surroundings‚ background‚ family‚ friends‚ and life experiences. They may vary from which ones we have but we all have some. From the moment we are born these values are taught and implied to us by our parents. It is them who have the responsibility to show us the values they think are necessary for us to be better humans‚ better citizens. Values and origin The values
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Ones values and principles are a vital part of communication. Some of those values we consider to be more important than others and the importance of those values are frequently put up to the test. There are times when we encounter circumstances where those values are challenged and we are required to make a decision which values override others. Such as situation where two or more of ones values diverge is known as a ‘value conflict’ and the resolution to such a conflict differs from one individual
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important values are religious faith‚ uniqueness‚ creativity‚ community service‚ and expertise. Religious faith is important‚ I have grown in my faith and have learned to become more active in showing love. This value has also affected additional ideals. As a result‚ I have matured in community service. I have learned that as I grow in faith‚ I develop in my service to others as well. I trust and know that it is my place to help others and to show empathy to them and their situations. Another value I place
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