What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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Developments in Microeconomics ECC001 Topic 1 – Lectures 1 and 2 Recap – Expected Utility and Basic Game Theory Chris Wilson Handout 1 Topic 1: Recap – Expected Utility and Basic Game Theory 1 Expected Utility and Attitudes to Risk 2 Normal Form Games 2a Dominant Strategies 2b Nash Equilibrium 2c Continuous Strategy Spaces - Cournot 3 Extensive Form Games 3a Backward Induction and Subgame Perfection 2 You will be familiar with some of the content in this topic
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References: [1] http://www.accountingcoach.com/nonprofit-accounting/ [2] http://www.artcpas.com/Press/FASB%20Issues%20New%20Guidance%20on%20Nonprofit %20Mergers.htm [3] http://www.fasb.org/cs/ContentServer?c=Pronouncement_C&pagename=FASB%2FPronoun cementC%2FSummaryPage&cid=1176155763834 [4] http://www.grantthornton.com/staticfiles/GTCom/Audit/Assurancepublications/New%20 Development%20Summaries/NDS%202010/NDS%202010-14
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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determine the transaction price‚ allocate the transaction price to the performance obligations in the contract‚ and recognize the revenue when‚ or as‚ the entity satisfies a performance obligation . In identifying a contract with a customer‚ both the FASB and the IASB require approval and commitment of the parties‚ as well as the identification of rights and payment terms. Also required is that the contract has commercial substance. It must be probable that consideration will be received in exchange
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Arthur Andersen LLP‚ which is over a span of nearly 90 years‚ would become one of the "Big five" largest accounting firms in the United States. Moreover‚ the accounting firm seen as the symbol of trust‚ integrity and ethic. The good reputation is derived from the advent of consulting business‚ which was developed by Leonard Spack. However‚ with the growth of consulting services‚ many accounting firms viewed it as a successful model that should be emulated‚ so that the competition pressure increasing
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RESEARCH: Accounting Standard Codification (ASC) 1. FASB had four primary goals in developing the codification. List these four goals: 1. Simplify user access to all authoritative U.S. GAAP by putting them all in one place with codification 2. Assist FASB with the research and international convergence efforts required during the standard-setting process 3. Become the authoritative source of literature for the completed extensible business reporting language (XBRL) taxonomy 4. Clarify that
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Accounting Regulation With the recent accounting discrepancies that have taken place in some of America’s largest and well known corporations greater importance is being placed on the creation and monitoring of financial reports. Some of these organizations which regulate how financial reports and compiled are private‚ given a charter by a federal agency‚ others were born from the creation of new laws and regulations‚ some are state agencies‚ and many more are private organizations made up of academics
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ACCOUNTING INFORMATION SYSTEM 2 TOPIC: USING ELECTRONIC DATA INTRCHANGE (EDI) TO IMPROVE THE EFFICIENCY OF ACCOUNTING TRANSACTIONS TABLE OF CONTENT NUM TITLE PAGE 1 TABLE OF CONTENT 2 2 INTRODUCTION OF TOPIC 3 3 DISCUSSION ON USING ELECTRONIC DATA INTERCHANGE TO IMPROVE THE EFFICIENCY OF ACCOUNTING TRANSACTIONS(7 Article research paper) 4-15 4 CONCLUSION 16 5 Recommendation 17 6 Refference 18 7 Appendices 19
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University of the East Caloocan Campus Using Outcome-based Education To Improve Learning and Teaching Accounting Education A thesis Presented to Mr. Darwin M. Guianan In Partial Fulfillment o Of the requirements for ZEN 113 Technical and Research Report Writing By Jemimah C. Sotoza January 2013 University of the East Caloocan Campus BACKGROUND OF THE STUDY Quality education is the goal of students‚ professors‚ and learning institutions. To achieve it‚ all of them are
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