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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Service Is the Highest Sadhana Avatars (divine incarnations) of God are engaged in seva (service) that is why Avatars happen. Hence‚ when you offer seva to mankind‚ the Avatars will naturally be pleased and you can win Grace.1Seva is the highest sadhana (spiritual discipline)‚ for God Himself takes human form and comes down to serve mankind and lead it to the ideals it has ignored. Therefore consider how delighted God will be when man serves man 2We are familiar with the concept of an Avatarwhen
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In the movie True Colors it was a documentary about two men one white and one black who were doing an experiment in St Louis Missouri in 1991. The two moved into a motel in St Louis and were getting prepared to do the experiment. The experiment was to see how people react to a white person and a black person in different situations. The first situation was at the shopping mall where the two went into a store and as soon has John walked in he got immediate attention from the store manager about if
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Environment of Accounting Submitted to:- Prof. Dr. Parimal Chandra Datta Submitted by:- ID# Name 151009067 Muntashir Rahman Jeesa 151008067 Shihab Kamal Munshi Date of Submission: July 13th‚ 2015 Primeasia University‚Bangladesh Table of Content Sl PAGE 1. Brief History of Accounting 2. Definition of Accounting 3. Activities of Accounting 4. Bookkeeping & Accounting Compared 5. Uses of Accounting Data 6. Reasons for Using Accounting Data 7. Ethics in Accounting 8. Generally
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Objectives Accounting and the Business Environment 7111AFE Topic 1 1. Use accounting vocabulary. 2. Apply accounting concepts and principles to business situations. 3. Use the accounting equation to describe an organisation’s financial position. 4. Use the accounting equation to analyse business transactions. 5. Preparation of financial statements. 1-2 Objective 1 Accounting... is an information system that... Use accounting vocabulary measures business activities‚ processes information
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The true legend The quote of Douglas Everett “There are some people who live in a dream world‚ and there are some who face reality; and then there are those who turn one into the other" best portrays the theme of THE ALCHEMIST by Paulo Coelho because there through the characters of a crystal merchant an Englishman and Santiago. The crystal merchant is one who lives in a dream world because he does not go after his personal legend. The Englishman faces reality because he is always reading books and
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employ a combination of both. However you chose to engage in sexting‚ there is a method to it if you want to achieve the best results. I will attempt to touch on the how tos and how not tos and give tips that can help you do it the right way. First of all you need to be sure the person you’re sexting with will be receptive of your messages. You need a willing partner otherwise it’s going to be a one way street and where is the fun in that. Don’t go straight into the dirty text and pictures‚ you need
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Ionic Equation Going back to our first concept or topic‚ we’ve learn how to identify the Oxidizing and Reducing agent and the Oxidation as well as the Reduction. In this part of the Redox reaction or in this step‚ it is very important that you already know the Oxidizing and Reducing agent for us to find the half reaction. In this step or part‚ we will also learn how to balance using the addition of electrons in both sides if necessary. After this step we can now write the net ionic equation. There
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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References: Warren‚ C.‚ Reeve‚ J.‚ and Duchac‚ J (2007). Accounting. 23rd ed South-Western‚ cengage learning in thousands except share data | January 3‚ 2009 | December 29‚ in thousands except share data | December 29‚ 2007 | December30‚
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