AMNIM Lecturer‚ Department of Accounting‚ Ahmadu Bello University‚ Zaria. ABSTRACT The Nigerian environment of accountancy profession has found it difficult to bring together accountants in the academics and in practice for the advancement of the profession. Whereas the accountants in practice are viewed as the real professional accountants; accountants in the academics are mostly considered as the providers of preliminary training to the would-be professional accountants. This paper looks into
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sooner or later they will be detected and harm lot of peoples. The AICPA code of professional conduct provides the guidelines to adopt healthy practices rather than unethical activities. The principles given by AICPA are responsibilities‚ public interest‚ integrity‚ objectivity and independence‚ and due care. These six principles are the assurance to protect the public from fraud. The purpose of AICPA code of professional conduct is clear that an accountant should follow all the six principles so that
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The Importance Of Accounting In Our Modern Society Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry‚ management‚ government‚ and general business. Accounting is a basic need of every businessmen‚ from the operator of a filling station to the government of the United States. It’s so important to our society. None of the business organization can operate without is. They
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Careers in Accounting One of the major careers being practiced today is accountancy. Thousands of people are completing their degrees in accounting because there seems to be a bright future for accountants with the appropriate qualifications. Accountants‚ in their career‚ help ensure that the organizations are running more efficiently‚ public records are kept more accurately‚ and taxes are paid properly and on time. They perform important functions by offering a wide volume of business and accounting
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month we feature a topic that often causes students some difficulty‚ that of Bad Debts and a provision for Doubtful Debts. The writing off procedure for a bad debt is often handled competently by students in an examination environment but raising an initial provision for bad debts and its subsequent revision in the form of an increase or decrease can be difficult to deal with. This paper therefore should be of particular interest to our registered students preparing for both the manual and computerised
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ACCOUNTING 301 – INTEGRATIVE WRITING ASSIGNMENT #1 (20 Points) You will need to access the following five web sites: 1. www.fasb.org 2. www.aicpa.org 3. www.nmscpa.org 4. www.sec.gov 5. www.irs.gov For EACH of the sites you access‚ you will need to list and very briefly discuss four different items you found at each site. You will need to clearly identify EACH web site and the four items found at each site. For example‚ on the home page of the New Mexico
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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BACKGROUND TO THE STUDY 1.0 Introduction Financial Accounting may be defined as the process of identifying measuring‚ and communicating economic information to permit informed judgments and decisions by users of the information. It is the maintenance of daily record of all financial transactions in such manner that it would help in the preparation of suitable information regarding the financial affairs of a business or an individual. Financial Accounting is a pre-requisite for good management of business
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The research article that is selected for this synopsis is on professional development. This is a very interested research project because it takes a look at the teachers themselves instead of the students. Almost always‚ the students are blamed for not spending enough time on their studies or on their schoolwork. This study takes a look at the how knowledgeable the teacher is and if that effects how the students learn. A student can only learn as much as the teacher wants them to. If a teacher is
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