Accounting Concepts Underlying Assumptions‚ Principles‚ and Conventions Assumptions The following are basic financial accounting assumptions: Separate entity assumption - the business is an entity that is separate and distinct from its owners‚ so that the finances of the firm are not co-mingled with the finances of the owners. • Going concern assumption - the business is going to be operating for the foreseeable future. Stable monetary unit assumption - e.g. the U.S. dollar • Fixed
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PROFESSOR SUBMITTED BY: HEMANSHI ANDLEY CLASS: 8TH SEMESTER ROLL NO: 1689 PREFACE This assignment throws glimpse on the important aspect of the Equity and trust-‘CONCEPT OF EQUITY’. The law relating to equity is largely built on precedent. The rules have been built upon by previous situations which they have dealt with. Equity" may generally be defined as the correction of a defect or error in the law. This idea
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companies were viewed as highly integrated firms which owned and managed all the resources in their domain. Over the years‚ the scale of operations and the complexity of business grew making companies think of more flexible business models. The concept of outsourcing grew out of this need for better and flexible organizations. Scope: The companies have now realized that they cannot be best in everything so the good companies have decided to go for the thing they are best at and outsource everything
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The Concept of Equality Equality issues * Equality = justice/ * No – identical rights‚ opportunities + treatment * = impractical + not desirable e.g. young offenders have special treatments (immature) * Gaps in equality (preferential treatment) * Appropriate serve moral + social goals in society. * Individual differences = social + economic inequalities * Justice treating everyone equally regardless of differences * Differential treatment or discrimination
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Introduction Organizational behavior concepts are relevant not only in the workplace setting alone‚ but can also be applied to almost all things and setting that we encounter throughout our lives. They can also be found in popular media‚ such as literature‚ popular music‚ movies and cartoons. The Art Imitates Life Project exposed our group to understand the pervasiveness artist‚ directors‚ and authors create when inspired by life and the world around them. We were able to analyze these media and
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schools of thought may be right for there is no universal definition of the concept. But no intellectual discussion about the concept of the state is complete without a review of the writings of St. Thomas Aquinas and Martin Luther. First‚ and most important‚ St. Thomas Aquinas arguably was the first to formulate the concept of the state as the "set order of the rulers" at the heart of every stable commonwealth. The general concept which was necessary before the name could be attached to a particular
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The concept of the underclass Access to humanities The concept of the underclass As a lone parent myself‚ I have quickly realised over the years that there seems to be a prejudice towards certain types of individuals within our social stratification. Views that if a person is from a specific background will therefore fall into a certain bracket‚ suggesting then he or she must therefore be a
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Concept Fan Apart from the cost savings‚ outsourcing is seen as a strategic move that can allow businesses to gain a competitive advantage.It certainly has opened up opportunities for organizations to utilize skill sets and expertise that they normally would not be able to access without large investments. Lower costs are perhaps the prime benefit of offshore outsourcing. You can get work done at a fraction of the cost that you would have to spend locally‚ while getting better quality as well
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Lynch and Veal (Ch. 1 customised textbook) and Godbey (Ch 1 in digitised readings) there are three main concepts of leisure: time‚ activity and attitude. Using these readings as your sources of knowledge‚ show your understanding of each of these concepts and illustrate your answer with examples of your own leisure time‚ activity and attitude. Your Response Leisure is a circumstantial concept. Godbey (2003) discussed that leisure can differ between persons. When attempting to define leisure
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Understanding the Concepts Professor Stephen Harding Finance 100: Principles of Finance March 3‚ 2013 Abstract The purpose of this paper is to discuss several financial concepts: Financial ratios that are important to me as a small business owner will be determined and compared to the ratios that are of importance to managers of huge corporations. In addition‚ this paper will describe the advantages and disadvantages of debt financing and the reasons why corporations would
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