correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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programmable logic solutions‚ including advanced integrated circuits‚ software design tools‚ predefined system functions delivered as intellectual property cores‚ customer training‚ field engineering and technical support. Customers are electronic equipment manufacturers primarily in the telecommunications‚ networking‚ computing‚ industrial‚ and consumer markets. Products are sold globally through a direct sales management organization and through franchised domestic and foreign distributors. (Source:
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Front Office Operations Adam Fikis Week #6 Reservations * Definition: An agreement reached between a supplier and a traveler or travel agent or a clerical or electronic process whereby a seat‚ a room‚ a berth or other accommodation is withdrawn from sale and set aside for the use of a specific person‚ often on payment of a deposit. Reservations Outcomes * Guest Perspective * Having a guestroom ready and waiting when they arrive * Should not be just any room‚ but
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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Intermediation 8 (January–April): 1–22. Bannister‚ J. W.‚ and Newman‚ Harry A. 1996. Accrual usage to manage earnings towards financial forecasts Barnea‚ A.; Ronen‚ J.; and Sadan‚ S. 1975. The implementation of accounting objectives: An application to extraordinary items Beidlerman‚ C. R. 1973. Income smoothing: The role of management. Accounting Review 48 (October): 653–67. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1993. Security design. Journal of Finance 48 (September): 1349–78. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1997
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Responsibilities This paper will discuss the federal law that governs Protected Health Information (PHI) and the elements of compliance that must be met. This paper will also describe two examples of improper privacy disclosure and some challenges a medical office might have maintaining strict confidentiality. The federal law that governs Protected Health Information (PHI) is the Health Insurance Portability and Accountability Act (HIPAA) of 1996 ("Summary of the‚"). HIPAA’s goal is to simplify the administrative
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is the name of the professional organization related to your chosen career? How will your professional Code of Ethics help to guide you in making decisions? I am currently in the process of completing my Medical Office Management Program and Professional Association of Health Care Office Management (PAHCOM) is one of the professional organizations related to my chosen career. In healthcare field‚ there are many cases that require important decisions to be made for the patient’s best interest where
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------------------------------------------------- Post Office Protocol From Wikipedia‚ the free encyclopedia | This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (November 2007) Find sources: "Post Office Protocol" –news · books · scholar · images | Internet Protocol Suite | Application Layer | BGP · DHCP · DNS · FTP · HTTP ·IMAP · IRC · LDAP · MGCP · NNTP
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