Basic Accounting Concepts and Business Structures Rose Latifi ACC 537 November 10th 2012 Professor Joh David Basic Accounting Concepts and Business Structures Generally Accepted Accounting Principles (GAAP) and Related Hierarchy The common set of standards and procedures is called generally accepted accounting principles (GAAP). Four organizations are instrumental in the development of financial accounting standards (GAAP) in the United States: 1- Securities and Exchange Commission (SEC)
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Journal Entry #1- Chapter 1-10: Poverty: Poverty is defined as the deprivation of food‚ shelter‚ money and clothing that occurs when people cannot satisfy their basic needs. It means insecurity‚ powerlessness and exclusion of individuals‚ households and communities. It means vulnerability to violence‚ and it often implies living in fragile environments‚ without access to clean water or sanitation. In short poverty is simply a lack of money‚ a barrier to everyday life. One third of deaths in the
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edu Managerial Accounting - ACC 500 CHAPTER 15 COVERAGE OF LEARNING OBJECTIVES LEARNING OBJECTIVE FUNDAMENTAL ASSIGNMENT MATERIAL ADDITIONAL ASSIGNMENT MATERIAL EXCEL‚ COLLAB.‚ & INTERNET EXERCISES LO1: Read and interpret the basic financial statements. 19‚ 20‚ 25‚ 30 36 43 LO2: Analyze typical business transactions using the balance sheet equation. A1‚ A2‚ B1‚ B2 22‚ 23‚ 26‚ 27 28‚ 29‚ 30‚ 31 36‚ 37 41‚ 42 LO3: Distinguish between the accrual basis of accounting and the cash basis
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Question 2 a.) Rubisco is a key component in photosynthesis. It is an enzyme involved in the fixation of atmospheric carbon dioxide. b.) Due to global warming‚ the increased temperature can influence Rubisco which can catalyses oxygenation over carboxylation. During carboxylation CO2 is fixed and raised temperature enhancing oxygenation. c.) Level of PGA depends on Rubisco with who is going to bind. Rubisco is an enzyme that reacts with CO2 and O2. The reaction with O2 competes with carboxylation
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Balancing Equations Balancing equations is a fundamental skill in Chemistry. Solving a system of linear equations is a fundamental skill in Algebra. Remarkably‚ these two field specialties are intrinsically and inherently linked. 2 + O2 ----> H2OA. This is not a difficult task and can easily be accomplished using some basic problem solving skills. In fact‚ what follows is a chemistry text’s explanation of the situation: Taken from: Chemistry Wilberham‚ Staley‚ Simpson‚ Matta Addison Wesley
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Question 1 Product costs are costs that are associated with manufactured goods until the time period during which products are sold. It involved all costs in acquiring or making a product. These costs consist of direct materials‚ direct labour and manufacturing overhead. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold‚ the costs are released from inventory as expenses and matched against sales revenue. Since product costs are initially
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| | |Assignment title | | | | |Simultaneous Equation | | |Programme (e.g.: APDMS) |HND CSD | | |Unit
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The Maxwell equations Introduction:- One of Newton’s great achievements was to show that all of the phenomena of classical mechanics can be deduced as consequences of three basic‚ fundamental laws‚ namely Newton’s laws of motion. It was likewise one of Maxwell’s great achievements to show that all of the phenomena of classical electricity and magnetism – all of the phenomena discovered by Oersted‚ Ampère‚ Henry‚ Faraday and others whose names are commemorated in several electrical
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DIFFERENTIAL EQUATIONS: A SIMPLIFIED APPROACH‚ 2nd Edition DIFFERENTIAL EQUATIONS PRIMER By: AUSTRIA‚ Gian Paulo A. ECE / 3‚ Mapúa Institute of Technology NOTE: THIS PRIMER IS SUBJECT TO COPYRIGHT. IT CANNOT BE REPRODUCED WITHOUT PRIOR PERMISSION FROM THE AUTHOR. DEFINITIONS / TERMINOLOGIES A differential equation is an equation which involves derivatives and is mathematical models which can be used to approximate real-world problems. It is a specialized area of differential calculus but it involves
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Ch. 5: Comprehensive Questions: Assertions 5-29 (Assertions) In planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes
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