A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
Premium Government Federal government of the United States Generally Accepted Accounting Principles
employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
Premium Balance sheet Generally Accepted Accounting Principles Finance
Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
Premium Balance sheet Generally Accepted Accounting Principles Asset
Running head: ACCOUNTING STANDARDS BOARD PAPER Accounting Standards Board Paper ACC/541 August 21‚ 2012 Accounting Standards Board Paper As the globalization becomes more commonplace and the plant begins to “shrink”‚ there becomes a need for standardization. As companies increase is size‚ they begin to standardize to become more efficient and better serve their customers; this is also the case for the accounting world. The Financial Accounting Standards Board (FASB) and the International
Premium International Financial Reporting Standards Financial Accounting Standards Board
CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
Premium Income statement Decision making Balance sheet
Copyright © 2008 Sagamore Publishing‚ LLC All rights reserved. Overview of the Program Development Cycle Over two-thirds of your text is dedicated to explaining how to implement the steps in the copyrighted Program Development Cycle. Some instructors will introduce the steps to the overall cycle and then proceed through the book as they choose introducing a variety of techniques for implementing each step. Other will assign you to read this overview as a mean for introducing the cycle. As you read
Premium Computer programming Programming language
the obesity epidemic. A focus needs to be placed on helping children reach and maintain a healthy weight‚ and also learn healthy lifestyle habits. One way to help children reach and maintain a healthy weight is to have quality physical education programs in schools worldwide. Quality physical education provides children with the opportunities to be active throughout the day and also spend time in the classroom learning healthy lifestyle habits. Physical activity and education play an important part
Free Obesity
backgrounds‚ with differing standards and behaviors. These may not always be in sync with the norms of the organization. The grooming and business etiquette program is targeted at making the participants learn about behaviors that are appropriate for the workplace. one should only wear expensive clothes. But wearing one’s best professional attire to work is expected. If you are serious about your career then you need to take personal grooming a little more seriously. Where I have found slack
Premium Hygiene Employment Human physical appearance
& ENGINEERING PRACTICUM PROGRAM EVALUATION Name of Trainee: Jasper Clark Y. Rueca Course: BSIT-4 Date: Feb 23‚ 2015 TO THE RATER: This form has been developed to evaluate the effectiveness of the Practicum program by identifying its strengths and weaknesses and soliciting suggestions for improvements. Kindly rate each item by placing a cross (X) on the box that corresponds to the item. Thank you very much for your time and support for the practicum program. Poor (1) Fair (2) Good
Premium Communication Bulacan Evaluation
According to Donald A.Schon (1983) reflective practice is a formation within which all health care professions can work and is a model framework or learning structure that represent the purposes of a profession and is very crucial to health related professions. Inter-professional education(IPE) module had a learning understanding that is universal to all health care professionals‚ that enables different professional groups to learn together for a particular reason with general contented of
Premium Health care Health care provider Patient