Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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ITD 1213 Hardware Systems Grade _______ Instructor: Mike. Pierce Steven Harmon: Research Computer Components: Due Date: 09/17/2011 Research Computer Components The Five Components of the PC are: 1. System Unit - The main part of a personal computer. The system unit includes the chassis‚ microprocessor‚ main memory‚ bus‚ and ports‚ but does not include the keyboard or monitor‚ or any peripheral devices. A system unit is sometimes called a box or main unit. 2. Monitor - A
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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INTRODUCTION Marketing plan is the central instrument for directing and coordinating the marketing effort. The marketing plan operates at two levels: strategic and tactical. The strategic marketing plan lays out the target markets and the value proposition that will be offered‚ based on an analysis of the best market opportunities. The tactical marketing plan specifies the marketing tactics‚ including product features‚ promotion‚ merchandising‚ pricing‚ sales channels‚ and service. Marketing
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AEROSPACE ENGINEERING Components Of Aerospace Engineering Aerospace engineering deals with design and manufacture of aircraft or spacecraft structures‚ craft guidance systems‚ control and navigations systems‚ developing tools for communication and finally the production of the aircraft or spacecraft. Each of these areas of aerospace engineering is crucial for efficient functioning of the aircraft or spacecraft. Hence‚ aerospace engineering has been divided appropriately and knowledge is imparted
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Five Components of an Organization’s External Environment by Arnold Anderson‚ Demand Media The external environment of an organization are those factors outside the company that affect the company’s ability to function. Some external elements can be manipulated by company marketing‚ while others require the organization to make adjustments. Monitor the basic components of your company’s external environment‚ and keep a close watch at all times. Sponsored Link Stone Crusher Supply 30-1000t/h
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(15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries.......................... Heat‚ water‚ and power consumed in the
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Solutions to Exercises and Problems Tutorial 1 IFM Case 2-2 Case 2-2 SKD Limited 1. Goodwill a. There is no goodwill amortization expense in Country A‚ so the goodwill amortization expense recognized by SKD must be added back to determine income under Country A GAAP. SKD amortizes goodwill over a longer period (20 years) than is allowed in Country B (5 years)‚ so an additional amount of goodwill amortization expense must be recognized to determine income under Country B GAAP‚ which reduces
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activity‚ costs and prices of products. What effects can this manufacturing company expect on their profit if they add a new production line or they alter the machines and variable expenses change? All these questions are addresses using managerial accounting technique called cost volume profit. 2-1 Cost Behavior‚ benefits and difficulties ahead Change in organizations activity like designing or producing new type of clothing can affect costs of this manufacturing company. The relationship between
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1. Identify Ethical Issues - John Spratt is the human resources director of StarCo Ltd.‚ who has recently begun a romantic relationship with a female employee; Jean Wakabashi. - Jean has applied for company health benefits‚ but does not qualify as she is applying for her son‚ who is autistic‚ to receive medical attention for his disorder. - John has the option to withhold part of Jean situation and provide her son with health benefits‚ however this would violate company policy‚ and could put John’s
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