Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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influences a health care provider’s clinical decision regarding patients. “Sir‚ you are not experiencing my pain; you do not know how I am feeling right now.” That was one of the most shocking sentences that I had ever heard from one of my CVS customers when I started working as a pharmacy technician two years ago. That incident always reminds me of the moment I realized I would never understand someone else’s feelings until I “walk in their shoes‚” which is similar to cognitive empathy. Cognitive empathy
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organizational skills‚ good study habits‚ and many other credentials that have prepared me to be a better student in the upcoming classes. There are many benefits from earning a college degree. It opens up many opportunities that otherwise one would never have. A degree improves your marketability in the job market by improving skills and increasing knowledge. It also improves written as well as verbal communication skills. Critical thinking and analysis skills are also improved during these years
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loss of the company assets. Fundamental First of all‚ why we have to make BDA? Balance day adjustments are therefore required to ensure the financial statements portray a correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched
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三．（1）Human Resource Management: refers to the practices and policies. You need to carry out the personnel aspects of your management job‚ acquiring‚ training‚ appraising rewarding‚ and providing a safe‚ ethical and fair environment for your company’s employees. (2) Human Resource planning: HRP is the process of analyzing and identifying the need for and availability of human resource. So that the organizating can meet its objectives. (3) Succession Planning: the process of finding suitable people
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especially as it relates to labor issues. III. Future Care Models: a. Address team training as an essential component for the delivery of care. The Health Care Work Force A Proposal The Healthcare Workforce accounts for the greatest proportion of spending and holds the key to quality of Healthcare delivery (WHO 2000) America’s five million health care professionals directly influence the cost and quality of health care through their diagnoses‚ orders‚ prescriptions‚ and treatments. These
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Separate private company accounting standards With the development of world economy‚ U.S.GAAP becomes more and more complex to meet public companies’ needs. Private companies cost a great fortune to compliance with U.S.GAAP. So‚ setting public-private accounting standards is a different issue debated for decades. it goes without saying that setting new separate accounting standards have its advantages and disadvantages. Background In USA‚ there are a large number of nonpublic companies‚ much more than
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Healthcare Benefits Meghan Stanley South University Identify and discuss the various types of private and/or social insurance available in and through your state and local government. Relate the application of social insurance to consumers based on their social and economic status using the profiles listed below. For which demographic(s) do gaps exist in your area? You can use the Internet and sites such as www.cms.gov for statistical data by state to locate this information. Do you feel
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the manipulation of accounts can be prohibited. The CPAs have the responsibility as well as accountability towards the public. Therefore‚ it is very necessary for all the CPAs to protect the interest of public as well as protect the individuals‚ companies‚ government agencies from fraud or any type of manipulation. Unethical activities are not in the interest of anyone because sooner or later they will be detected and harm lot of peoples. The AICPA code of professional conduct provides the guidelines
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-when a company is purchasing inventory‚ and pays early to take advantage of the purchase discount offered by the vendor‚ that amount is credited to the inventory account. -inventory are the items held by a company to be sold to customers. -net sales revenue is equal to sales revenue less sales returns and allowances‚ and sales discounts. -in a multi step income statement‚ interest revenue and interest expense are not included in operating income. -the rate of inventory turnover tells how rapidly
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