Eighth Edition Fundamental Financial Accounting Concepts Thomas P. Edmonds University of Alabama–Birmingham Frances M. McNair Mississippi State University Philip R. Olds Virginia Commonwealth University Edward E. Milam Mississippi State University (Contributing Author) FUNDAMENTAL FINANCIAL ACCOUNTING CONCEPTS Published by McGraw-Hill/Irwin‚ a business unit of The McGraw-Hill Companies‚ Inc.‚ 1221 Avenue of the Americas‚ New York‚ NY‚ 10020. Copyright © 2013‚ 2011‚ 2008‚ 2006
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understand the multitude of legal and ethical issues required in order to be an effective counselor. Understanding legal and ethical issues is necessary for several reasons. First‚ individuals in correctional institutions use litigation indeed‚ and it is prudent for counselors to fully understand the legal parameters they have to work with to avoid consequences or manipulation by their clients. Second‚ by understanding the legal and ethical issues and utilizing ethical practices‚ the counselor establishes
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Introduction Financial accounting is branch of accountancy that deals with the financial statements which helps in informing public as well other concerned people who are not involved in day to day working of a company‚ about its current financial performance. Different stages involved in financial accounting are governed by certain standards set by organisations such as The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB). The standards made by IASB
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一、资产类 Assets 流动资产 Current assets 货币资金 Cash and cash equivalents 1001现金 Cash 1002 银行存款 Cash in bank 1009 其他货币资金 Other cash and cash equivalents 100901 外埠存款 Other city Cash in bank 100902 银行本票 Cashier’s cheque 100903 银行汇票 Bank draft 100904 信用卡 Credit card 100905 信用证保证金 L/C Guarantee deposits 100906 存出投资款 Refundable deposits 1101 短期投资 Short-term investments 110101 股票 Short-term investments - stock 110102 债券 Short-term investments - corporate bonds 110103 基金 Short-term investments - corporate funds
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Ethical and Legal Issues in Nursing Nursing as a profession‚ holds itself to a standard of practice and a code of ethics that governs this discipline. It was well put by Nicholson (2012)‚ “Nonprofessionals cannot be held to the standards of the medical professions‚ but persons who have been specially trained‚ educated and licensed are accountable for performance that deviates from the customs of their field.” To function effectively‚ nurses need to be aware of their contents and incorporate them
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In recent years‚ the range of accounting application is expanding rapidly‚ along with the increasing demand of economic market. As is well known‚ accounting is a key aspect of business. And in the accounting profession‚ there has been already existed interpenetration and overlapping among the different kinds of accounting. Cost accounting and financial accounting are two main components of accountancy. The former one is a part of accounting. In cost accounting‚ it dramatically researches the variable
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Legal and Ethical Issues in the Workplace Barbara Pritchard BUS 670: Legal Environment Professor Gary Gentry July 15‚ 2013 LEGAL AND ETHICAL ISSUES IN THE WORKPLACE Abstract In society today the business world presents many ethical issues. Organizations must strive to provide employees with a clear understanding of the overall company’s vision. This will help employers in practicing the code of ethics‚ policies and procedures in the workplace. Companies must be steady in continuously delivering
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Financial Accounting Theory (BBAC502) Group Assignment (Group of Four) 25% (Due Session 5.2) “Australia has long recognised that its accounting standards need to be harmonised with standards elsewhere in the world. To ensure consistent application of IFRSs‚ CLERP No. 9 recommended that Australia adopt‚ from January 2005‚ official interpretations of IFRSs issued by the IASB’s International Financial Reporting Interpretations Committee (IFRIC). As noted by CLERP No. 9‚ the comparability
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Financial statements are the basic statements that summarize the financial activities of a business and are prepared by businesses to indicate the financial steadiness of the business to investors‚ creditors‚ and other external entities (McGraw-Hill Higher Education‚ 2009). The income statement is a representation of the revenues and expenses for a specific period of time in a business. Its purpose is to detail the revenues‚ expenses‚ and net income or loss. A net income is the result of revenues
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into account and determine the loss or profit on disposal of the motor vehicle. 2. Prepare and balance the Creditors Control Account in the General ledger of Whiskey Traders taking the transaction above into account. 3. Prepare the statement of Financial Position and determine the amount of Capital. QUESTION 2 5 MARKS On the 31 December 2010 furniture‚ amongst others‚ was damaged when one of Beef Distributor’s’ freezers malfunctioned and flooded the offices. The furniture was recorded in the
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