$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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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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management work and computerization of many organizations. Computer system has played an important role in monitoring the volume of work‚ which takes place everyday in almost all offices. This easy way of doing everything‚ such as keeping and retrieving records would not be possible output appropriate information system and technology that will go user user. Computer systems have the bigger advantage to acquire a high level of system knowledge that will serve as a source of information in the modification
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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Health Record Structures in Computer-Driven Format In this paper Team B will be discussing health record structures in computer-driven formats and how hospitals and doctors office are transitioning into going paperless. The team will also include the importance of going paperless in the health care field. For example‚ going paperless saves time as well as the sharing of patient’s confidential information. In addition‚ the team will also briefly discuss the role of networks and privacy
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Student Records System. Student records system is professional and academic discipline concerned with the strategic‚ managerial and operational activities involved in the gathering‚ processing‚ storing‚ distributing and use of information‚ and its associated technologies‚ in society and organizations. Specifically‚ this computer-based record system is complementary networks of hardware/software that people or organization use to collect‚ filters‚ and process‚ create and distribute data. Records systems
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Daily Time Record focuses on the need to design a system that will automatically arrange the record and calculate the average attendance of each student. A well-conceived and implemented automated student record system can reduce the costs of handling the paperwork associated with record keeping. Manual attendance record system is not efficient and requires time to arrange record and to calculate the average attendance of each individual student. Automated Student Attendance Daily Time Record is intended
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Melody Nostalgic Records March 16‚ 2013 Proposal Number 014298B TABLE OF CONTENTS 1. Company Overview Page 4 2. Company Information Systems Pages 5-6 3. Table of Benefits & Drawbacks Page 8 4. Projected Sales Page 9 5. References Page 10 COMPANY OVERVIEW Melody Nostalgic Records will have its grand opening on May 1‚ 2013. We are a small‚ brick n’ mortar‚ nostalgic record store located in
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Human Resource Accounting Essay The success and failure of an entity will depend on how effectively it utilizes its available resources. Managers must attempt to optimize the acquisition‚ allocation and development of the assets of the firm. Managers always equate assets to the physical and financial assets of the firm and often ignore the most important and the key element to the success of the organization – its employees. In service related businesses tangible assets contribute far less to the
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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