ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Jefferson’s political philosophy is consistent with the outlook of the modern Republican Party‚ his faction‚ which soon became known as the Democratic-Republican Party‚ ironically evolved by the 1830s into the Democratic Party‚ the modern Republican Party’s chief rival. The Republican Party traces its roots to the 1850s‚ when antislavery leaders (including former members of the Democratic‚ Whig‚ and Free-Soil parties) joined forces to oppose the extension of slavery into the Kansas and Nebraska territories
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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The United States courts routinely sided with business when any enforcement of the Act was attempted. Bull Moose Party: The Progressive Party was an American political event created by Theodore “Teddy” Roosevelt‚ former President. This party began in 1912 and ended in 1916. This event was named Bull Moose Party after Theodore said “I feel like a bull moose”‚ a little while after the party was made. Campaign: An event organized to help succeed certain goals. Roosevelt had campaigns to help people vote
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primarily responsible for the Japanese accounting system being significantly different from other national systems and what influences do you consider the Japanese system will have on international accounting in the future? INTRODUCTION Japan as an accounting jurisdiction is characterized by the dominance of the state (Haller and Raffournier‚ 2003). The accounting rules have been set out in the past fifty years as statute law with an implicit objective that accounting should contribute to the growth
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Question 1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors
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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 sooner see that cash value
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features distinguish international from domestic transactions? There are several differences between international transactions and domestic transactions ‚ such as exchange policies ‚commercial policies ‚different domestic policies ‚statistical data ‚relative immobility of productive factors ‚marketing considerations and so on. First‚ exchange rate ‚an exchange rate is the price of one currency in terms of another ‚it is used to translate values from one currency to another .International transactions
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Party Driven Elections Political parties are the driving force behind elections in the United States. Since the Reconstruction‚ no third-party candidate has even been close in winning the Presidential Race (Schattschneider 186). Also since then‚ only 163 third-party candidates have been elected to government office without being affiliated to the two major parties( Schattschneider 189).George Washington was the only man to be President as a true independent. Many people may look at this and
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INTERNATIONAL BUSINESS 1. Which of the theories of international trade can help Indian services providers gain competitive edge over their competitors? Trade between and among countries has occurred for many thousands of years. But it was not until the 15th century that people tried to explain why trade occurs and how trade benefits both parties to an exchange. Below figure shows a time line of when the main theories of international trade were proposed.
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