SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
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Recruitment and selection forms a core part of the central activities underlying human resource management: namely‚ the acquisition‚ development and reward of workers. Bratton and Gold (2007‚ p 239) differentiate the two terms: recruitment and selection while establishing a clear link between them in the following way: ‘Recruitment is the process of generating a pool of capable people to apply for employment to an organisation. Selection is the process by which managers and others use specific instruments
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Activity 3 Consider your workplace as a learning environment and reflect upon three areas for improvement. The term reflection refers to reviewing experience from practice so that it may be described‚ analysed‚ evaluated and consequently used to inform and change future practice.” According to Somerville and Keeling (2004) nursing is a profession where reflection is important whereby it helps to identify strengths and weaknesses. Jarvis (1992) mentioned that reflective practice can also be known
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PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has been
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Mark Scheme (Results) Summer 2012 IGCSE Accounting (4AC0) Paper 01 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson‚ the world’s leading learning company. We provide a wide range of qualifications including academic‚ vocational‚ occupational and specific programmes for employers. For further information‚ please visit our website at www.edexcel.com. Our website subject pages hold useful resources‚ support material and live feeds from our subject advisors giving
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THE ACCOUNTING EQUATION The accounting equation can be described as of the basis of accounting. This is because it describes the double entry principle of book-keeping. It is a representation of how funds are raised to finance Assets. The equation is illustrated below: Asset = Capital + Liabilities For example‚ a girl needs to buy a laptop costing £500. She already had £250 in personal savings and then took a loan of £250 from her boyfriend. Here is the equation again: Asset Capital
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events can be identified with a particular unit of accountability. FALSE 4. The monetary unit assumption states that transactions that can be measured in terms of money should be recorded in the accounting records. TRUE 5. The drawings account is a subdivision of the owner’s capital account and appears as an expense on the income statement. FALSE 6. Revenues are a subdivision of owner’s capital. TRUE 7. The trial balance has no limitations or weaknesses. FALSE 8. In
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Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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BX2041 RESEARCHED ESSAY BY: CLINTON OSTANTA JUANLIE 12657622 Discuss some ways in which governments and gambling operators might minimise harm from gambling-related problems. Gambling‚ often described as a simple form of entertainment‚ has become uncontrollable behavior to many people. Pathological gamblers‚ gambling addicts‚ or compulsive gamblers are terms used to describe a person who considers gambling more than a diversion. The terms pathological‚ addictive and compulsive gambling
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this course may be reproduced in any form or by any means‚ without permission in writing from the publisher. 2006 by 2 Table of Contents Preface Chapter 1 Objectives of Financial Statement Analysis and Financial Reporting Chapter 2 Accounting Assumptions‚ Principles‚ Procedures‚ and Policies Chapter 3 Understanding Financial Statements Chapter 4 An Overview of Financial Statement Analysis Chapter 5 Analysis of Liquidity and Activity Chapter 6 Analysis of Solvency and Capital Structure
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