to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept of negative numbers was not yet accepted in Europe. So he spoke of the terms ‘Debere’
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acquiring a general education will surely aid one in this process. As soon as we graduate’s high school‚ society expects us to either go to a community college‚ four year institution or enter into a vocational career. If a student takes the college route‚ they are required to take general education classes. As a student participating in the process of acquiring a general education like many young adults today‚ we may start to question the importance of general education. General education provides
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MGT 4123 Business Policy Case Analysis September 27‚ 2009 Student Name: Adam Gher Case Name: General Motors I. Mission To develop and grow a performance-based‚ world-class‚ competitive diversity supply base that will work with General Motors towards its goal of being the market leader in the automotive industry. G.M. is a multinational corporation engaged in socially responsible operations‚ worldwide. It is dedicated to provide products and services of such quality that our customers
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What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
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achieve that. Creativity is a very misunderstood term in organizations. It is thought to be the creation of “something out of nothing” whereas it actually is “the radical and effective change of something understood deeply” (Robinson and Hackett 1997). General Motors is certainly trying to appreciate this‚ and the company is always seeking to bring new products - or improvements to their current products - to market. COMPANY BACKGROUND General Motors Corporation‚ also known as GM‚ is the world
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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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concerns and business competition have all influenced the way the general counsel legal function is seen and used. Today‚ CEOs are looking to their general counsel as both business and legal advisors who must consider all of the issues that a company faces. In addition to being a strategic business partner and a legal advisor‚ the general counsel must also lead‚ organize‚ manage‚ train‚ and educate. The increased complexity of the general counsel role has made filling these vacancies more challenging
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companies. British Journal of Management‚ 20(1)‚ 30-54. Bennis‚ W. G.‚ & O’Toole‚ J. (2005). How business schools lost their way.Harvard business review‚ 83(5)‚ 96-104. Bhagat‚ S.‚ & Black‚ B. (2001). Non-Correlation between Board Independence and Long-Term Firm Performance‚ The. J. CorP. l.‚ 27‚ 231. Cooksey‚ E. C.‚ & Rindfuss‚ R. R. (1994). Prior activities and progress in MBA programs. Research in higher Education‚ 35(6)‚ 647-668. Dreher‚ G. F.‚ & Ryan‚ K. C. (2002). Evaluating MBA-program admissions
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Insurance sector in India Index Topic Page numbers 1. Brief history of the Insurance sector in India 1 – 3 2. Life Insurance industry in India 3 – 31 - Market structure - Product mix and margins - Key factors driving growth and profitability - Market share dynamics – LIC v/s Private cos - Analysis of the big 5 private players - Life Re-insurance 3. Non-Life insurance industry in India 32 – 42 - Market structure and products - Market share dynamics - Impact
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What do you understand by the term “Lancefield groups”? History In the early 1930’s Rebecca Lancefield recognized the importance of serological tests for the identification of organisms. The system is based on specific antibody agglutination reactions with cell wall carbohydrate antigens (C polysaccharides) extracted from the streptococci. Lancefield also showed that further sub division of group A into specific serological types was possible using type-specific M (protein) antigens. The groups
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