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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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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Salami Fraud (1) by M. E. Kabay‚ PhD‚ CISSP Associate Professor‚ Computer Information Systems Norwich University‚ Northfield VT The recent disclosure that WorldCom concealed almost $4 billion of expenses as if they were asset acquisitions and thus falsified its accounting reminds me of the very opposite kind of fraud – one that involves lots of little thefts instead of one gigantic theft. In the _salami fraud_‚ criminals steal money or resources a tiny bit at a time. Two different etymologies are
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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bottled water Industry established in the early 1980s as a result of a number of factors containing convenience‚ taste and fear about public drinking water. Along today’s importance on healthy living. Bottled water is seen as a natural and healthy beverage. However‚ the bottled water industry and the denationalization of water is linked to a number of social‚ economical and environmental durability issues. Bottled water can be an alternate source of clean‚ safe drinking water. Bottled water is actually
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Running head: Article Review Shawn Detamore Davenport University January 29‚ 2012 Payroll fraud schemes happen when an employee generates overcompensation for themselves. There are three types of payroll fraud schemes; ghost employees‚ bonus and commission schemes and falsified hours and salary (Shields‚ 2009). This type of fraud accounts for 17% of fraud that is committed in organizations (Shields‚ 2009). Back in May of 2009‚ a payroll manager and a retired employee of the Detroit Public
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Drinking too much water can lead to hyponatremia‚ water intoxication‚ water poisoning and death Liquid H2O is the sine qua non of life. Making up about 66 percent of the human body‚ water runs through the blood‚ inhabits the cells‚ and lurks in the spaces between. At every moment water escapes the body through sweat‚ urination‚ defecation or exhaled breath‚ among other routes. Replacing these lost stores is essential but rehydration can be overdone. There is such a thing as a fatal water overdose.
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Applied Sociological Commentary of a Movie “Water” SOCI 150: Introduction to Sociology The movie “Water” by Deepa Mehta is based on cultural beliefs and religious practices in India in the late 1930’s. Chuyia eight years old girl is forced to enter a house for widows after learning that unknown to her husband has passed away. At the beginning of the movie she thinks that her mother will come to take her back home‚ but at the end Chuyia adapts pretty well to her new life style as a widow. In the
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UNDERGRADUATE PROGRAMME HANDBOOK 2014 – 2015 ACCOUNTING & FINANCE BSc Accounting (N400) BSc Accounting and Finance (N490) BSc Accounting and French (N410) BSc Accounting and German (N4R2) BSc Accounting and Spanish (N4R4) BSc (Econ) Accounting and Economics (Joint Honours) (LN14) BSc (Econ) Accounting and Management (Joint Honours) (NN24) BSc Finance and Management (NN23) INTERCALARY YEAR ©2014 Cardiff Business School Version control: v1.0: Initial version published to students CBS0422 Created
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Why has access to water been such an important? There is a lot of reason why‚ I will give you a few. Water was needed to feed the people farm life‚ water was important to keep one alive‚ and the most important‚ is water is used to grow plants and other material. How did ancient societies address the problems associated with harnessing these powerful resources? There were a lot of different ways to address the problems. Some use rules‚ maps‚ there were disputes‚ fights‚ and agreements were made
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