manual method of accounting is being gradually replaced. And finally‚ the database technology has revolution the accounts department of the business and non business organisations. In the use of computerised accounting system the risk of data loss is eliminated‚ high speed in data manipulation is maintained and larger volume of data are kept safely. In computerised accounting system calculation became easy and controlled effective‚ also development of computerised accounting system‚ facilitate
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RESPONSIBILITY ACCOUNTING Management Accounting - Responsibility Accounting Planning & control are essential for achieving good results in any business. Firstly‚ a budget is prepared and‚ secondly‚ actual results are compared with budgeted ones. Any difference is made responsibility of the key individuals who were involved in (i) setting standards‚ (ii) given necessary resources and (iii) powers to use them. In order to streamline the process‚ the entire organization is broken into various
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The Rules of Marriage During the Fourteenth Century The rules of marriage during the fourteen century were really different to the rules of marriage today. The play Romeo and Juliet took place in the fourteenth century which meant that the marriage rules applied to them. . Obedience‚ blessings and Finances from both sets of parents were needed for someone to get married during the fourteenth century. During the fourteenth century the parents had to choose a husband
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Introduction It is a requirement that‚ if an entity is defined as a reporting entity‚ it is required to release financial reports that comply with the Australian Accounting Standards Board (AASB) (Deegan 2008:83). Two companies have been chosen to analyse their reports‚ in particular the disclosures made in their respective reports. The two companies chosen to analyse are Commonwealth Bank of Australia (CBA) and Macquarie Bank Limited (MBL). CBA The Commonwealth Bank is one of Australia’s
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Carvajal AIU Online Abstract The sentencing process can be extremely long or short. Regardless of how long the trials come out to be there is still a process that the court must go through. In this report I’m going to talk about the 5th‚ 6th‚ 14th amendments‚ and discuss the 5 philosophies of sentencing. The Process The justice system set a process established by the government in order to control everyday crimes and post penalties to all of those people that break the law. The criminal
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Question 1 Discuss the accounting principles and concepts that were violated in the case. Explain the appropriate accounting treatments that should be used. Accounting is a systematic recording of business transactions and statements relating to assets‚ liabilities and summarizes the financial events that occur in a business. There are certain accounting principles and concepts to preparing reports on financial statements. These accounting principles and concepts are usually referred to as
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Accounting historians have attempted to relate their knowledge of the variety of accounting practices at various points of time‚ and in various places. It is to wider questions of the role of accounting in reflecting and shaping not only business and management practice‚ but also economic and social organization more generally. Finley’s classic ¡§The Ancient Economy¡¨ ‚ which analyzed the embedded-ness of ancient economic activity in the social structure‚ and in the status concerns of the free citizens
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Position and Issues Statements of the Accounting Education Change Commission Issues Statement Number 5 Evaluating and Rewarding Effective Teaching April‚ 1993 CHARACTERISTICS OF EFFECTIVE TEACHING Curriculum Design and Course Development Use of Well Conceived Course Materials Presentation Skills Well Chosen Pedagogical Methods and Assessment Devices Guidance and Advising THE ADMINISTRATIVE TASK REWARDING EFFECTIVE TEACHING STRATEGIES FOR EVALUATING AND IMPROVING TEACHING Self-assessment
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The Importance of Financial Accounting Introduction According to Weygandt‚ Kieso and Kimmel (2012)‚ financial accounting is identifying‚ recording and communicating the economic events of an organization to‚ mainly‚ external users. Through financial accounting‚ some financial reports will be generated. Four financial statements are frequently used to report and analyze the financial status of companies and they are Income statement‚ Retained Earning Statement‚ Statement of Financial Position
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The Legendary Iqbal Khan ACTG4160: Advanced Financial Accounting! ! Inter-Corporate Investments‚ Business Combinations and Consolidations! ! Introduction! ! - Non-strategic investments can be FVTPL or FVTOCI while strategic investments range from significant influence to joint arrangements to controlled subsidiaries! - Investments under 20% are considered passive unless clearly demonstrated otherwise! - No strategic advantage in terms of ability to influence or control the investee!
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