HISTORY OF ACCOUNTING Primitive Accounting Traced as far as 8500 BC in Mesopotamia through the use of clay like: a. Record for paid wages b. Record purposes‚ as general Pyramids in Egypt‚ for the costs of structures Other places like China‚ Babylon‚ and Greece Middle Ages More formal account-keeping methods were developed by the merchants and banks. Double-entry records first appeared in Genoa in 1340 AD. First accounting book was written by Contrugli in Naples Summa de Arithmetica
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and effectiveness of organization’s policies‚ strategies and operations and compliance with the statutory obligations will be provided by the management. Due to the risk of uncertainties in the environments‚ stakeholders demand more from financial information to non-financial information. Not only the numerical information tell the conditions of an organization to the stakeholders‚ but transactions‚ changes in information technology‚ markets and risks and changes in laws and regulations are crucial
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Magnitogorsk Technical State University Foreign Languages Department № 2 Report: «The History of Accounting» Done: Izhevsky V. Checked: Gamper E.E. Magnitogorsk 2011 Contents - Introduction -- 1. What Is Accounting -- 2. History --- 2.1. Ancient Accounting --- 2.2. Accounting In Mesopotamia --- 2.3. Accounting In Ancient Egypt‚ China‚ Greece and Rome --- 2.4. Medieval Accounting --- 2.5. Italian Renaissance: Birth of Double Entry Bookkeeping ---- 2.5.1. Luca Pacioli Biography
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CHAPTER 9 Reporting and Analyzing Long-Lived Assets ANSWERS TO QUESTIONS 1. For plant assets‚ the cost principle states that plant assets are recorded at cost‚ which consists of all expenditures necessary to acquire the asset and make it ready for its intended use. 2. In a cash transaction‚ cost is equal to the cash paid. In a noncash transaction‚ cost is equal to the cash equivalent price paid‚ which is the fair market value of the asset given up or the fair market value of the asset received
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ACCOUNTING CLERK Wes Ruiz Ms. Cline Accounting 20 October 2011 In this paper I will be telling you about a job of an accounting clerk. The scope of an accounting clerk’s job duties often depends upon the size of the company or organization that he works for. For example‚ small businesses tend to hire “general bookkeepers” to handle all of the financial transactions and record keeping requirements of the business. Essentially‚ a bookkeeper
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Critical review Policy initiatives for change and innovation in basic education programmes in Ghana by Stanislaus Kadingdi (stankadingdi8@hotmail.com) Contextualisation The education system in Ghana has undergone enormous changes in the last 50 years. Over this period it has gone from being highly regarded among African nations‚ through a period of collapse and more recently rejuvenation‚ supported by a donor-funded reform programme (FCUBE). Underlying these ups and downs and‚ more recently
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recognizing an increased obligation to assist investors to predict firm performance and value. Economic consequences is a concept that asserts that‚ despite the implications of efficient securities market theory‚ accounting policy choice can affect firm value. Positive accounting theory (PAT) is concerned
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Effect of Applying Fair Value on the Financial Statements of UK Leading Companies By Bassam Kazmouz 0948799 Supervisor Dr Robert Wearing September 2010 Dissertation submitted in partial fulfilment of the requirements for the award of ACCOUNTING AND FINANCE (MSC) www.abahe.co.uk Arab British Academy for Higher Education TABLE OF CONTENTS I. Introduction ........................................................................................................... 5 1.1 Overview
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theory of accounting. There are a number of accounting theories (though a systematic attempt has been made by Financial Accounting Board (FASB) of USA and IASC and other to formulate a comprehensive theory of accounting). The definition of Accounting Theory given by Hendriksen as “a set of broad principles that (i) provide a general frame of reference by which accounting practice can be evaluated‚ and (ii) guide the development of new practices and procedures” lead us to perceive accounting theory as
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conflict of the reclaiming of the south. Slavery‚ although an important issue‚ was not the whole reason for war. 2. Compare and contrast proposed plans for reconstruction using Abraham Lincoln’s Second Inaugural Address (Links to an external site.)‚ his Last Speech (Links to an external site.)‚ "The Politics of Andrew Johnson (Links to an external site.)‚" and Thaddeus Stevens’s Speech of December 18‚ 1865 (Links to an external site.). How did these plans differ from each other in terms of slavery
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