The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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University of Phoenix Material Credit Protection and Identity Theft Directions Refer to: Building a Better Credit Report on the Federal Trade Commission’s site: www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm Identity Theft resource center on the Federal Trade Commission’s site: www.ftc.gov/bcp/edu/microsites/idtheft/consumers/deter.html. Provide answers to three of the following questions based on your readings and your personal experiences. Answers should be 100-to
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Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
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Carnevale‚ P‚ & Choi‚ D (2000) illustrates that culture describes the behaviors that are considered “1) desirable for a member of the culture‚ 2) individuals in the social structure‚ and 3) the values in ones life‚ i.e. goals and principles’. Furthermore‚ as culture also articulates‚ “how things are to be evaluated”‚ it implies that individuals within different cultural norms will have different levels of interaction‚ understanding and negotiation prowess‚ Carnevale‚ P‚ & Choi‚ D (2000) As we
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HomeWork Week 4 3.2 If a problem is discovered during the budgeting process the manager will be able to create a different plan‚ which will allow them to avoid the problem. 3.12 Predicting anticipated cash shortages is vital for a business. Budgeting allows us to gain an understanding of when these cash shortages might arise and how to best manage them. For example predicting a cash shortage ahead of time will allow applications for loans to be made and hopefully approved depending on current
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References: * Franco‚ M. D. (2004‚ March 1). Frederick ’s of Hollywood Redux. JCI Worldwide Inc. - Public Relations. Retrieved March 9‚ 2011‚ from http://www.jcipr.com/Fredericks_of_Hollywood_Redux_catalog_age.aspx * Frederick ’s of Hollywood‚ Inc * Investor Relations. (n.d.). Frederick ’s of Hollywood Group Inc.. Retrieved March 9‚ 2011‚ from http://www.fohgroup.com/investment.asp (Form 10-K; Annual Report; Fiscal Year 2010) * The Silky Strategy of Victoria ’s Secret Appendix A: Informative
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— RINT - Task 2: SCIENTIFIC CONCEPTS‚ THEORIES‚ & INQUIRY — Harrison Rusinyak — Scientific Concepts or Phenomenon — Solar System — The Solar System in past concepts. — Earth was thought to be the center of the Universe. — The stars and planets revolved around the Earth. — The Earth was thought of as flat. — No one experimented to see how far they can see. — The Solar System current concepts. — The planets revolve around the sun
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Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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