The world of accounting opens doors of opportunity for investors‚ stockholders and many businesses and organizations. However‚ accountants must follow guidelines established by “The American Institute of Certified Public Accountants”. (AICPA) Council designated the Federal Accounting Standards Advisory Board or (FASAB) as the body that establishes generally accepted accounting principles (GAAP). Accounting Standards GAAP is considered to be collection of methods used to prepare‚ process and
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function? • How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? • Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct? Explain. • What are the basic issues related to accounting for intangible assets? • Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method
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Principles for implementing duty of care in health and social care or childrens and young peoples settings Task A1 Q what is ment by the term duty of care A Health and social care organisations have what is called a duty of care towards the pople in there care. That means that they must do everything within there power to keep the pople in their care safe from harm. It is not only the care establishment that needs to prioritise the safety ‚ welfare and interests of the people it cares for
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system that creates a fair‚ honest and equal society. As a nurse this means treating all your patients equally as well as colleagues no matter of their ethnicity‚ religion or culture. For example all patients are included in decisions about their health‚ such as which hospital they receive their treatment at. Empathy is the ability to understand and share the feelings of another‚ in my line of work we have to be sympathetic and have empathy towards all our patients no matter our opinion on the situation
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CHAPTER 5 Short Exercises SE1 – SE10‚ Exercises E3 and E5‚ and Problems P2 and P3. SE1. 1. Objective 2. Qualitative 3. Objective 4. Qualitative 5. Objective SE2. 1. Full disclosure 2. Materiality 3. Cost benefit 4. Conservatism 5. Consistency SE3. 1. Property‚ plant and equipment 2. Current liability 3. Current liability 4. Not included 5. Owner’s Equity 6. Current Asset 7. Intangible Asset 8. Current Asset 9. Investment
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The AT Corporation made some transactions of inventory during the month of September. Total number of units available for sale during the month is the sum of the units at opening inventory and units purchased during the month which is as under: During the month 4‚000 units and 4‚000 units have been purchased on 16th September and 25th September. The opening inventory of the month of September is 5‚000 units. Total number of units sold during the month is as under: During the month 2‚000 units
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1.1 Explain what it means to have a duty of care in own work role: A duty of care is a legal obligation imposed on any individual working within the care sector that they adhere to a standard of reasonable care whilst performing any acts that could foreseeable harm others. It is my responsibility that: - Whilst caring for an individual I promote their independency and assist them to understand and exercise their rights. - That I use established processes and procedures to challenge and
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a) Which accounting standards or Generally Accepted Accounting Principles (GAAP) are used in preparing the financial statements of the company (International‚ local or US GAAP standards)? Where did you find that information? For our accounting analysis we found the key accounting policies and related them to our identified key success factors. McDonald’s most important factors include consolidation‚ financial statement estimates‚ revenue recognition‚ advertising costs‚ compensation from stocks
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In this essay I will be looking into how Shakespeare conveys evil in the scenes‚ conveys their guilt‚ how he creates suspense and shows the relationship between Macbeth and Lady Macbeth. I will also be describing how the characters progress in the scenes. Both Act 2‚ scene 2 and Act 5‚ scene 1 are important scenes in this Shakespeare play as it demonstrates how both of the main characters were at the beginning of the story and towards the end. Shakespeare conveys evil in the aforementioned scenes
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Four Accounting Principles Sharon Wallace American Intercontinental University Accounting Principles 2012 Four Accounting Principles ABSTRACT Accounting principles used by Wal-Mart and the core function of its departments. Wal-Mart’s strength and weaknesses will be listed. Wal-Mart’s last two years of accounting statements are also present. FOUR ACCOUNTING PRINCIPLES
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