Running head: ACCOUNTING PRINCIPLES Generally Accepted Accounting Principles P G HCS 571 June 5‚ 2013 Generally Accepted Accounting Principles Generally accepted accounting principles (GAAP)‚ are standards and guidelines for financial accounting‚ and reporting‚ (Office of Financial Management‚ 2012). There are guidelines in effect for most organizations; GAAP ensures that the finances of an organization are correct. According to Cleverly‚ Song‚ and Cleverly (2011)‚ GAAP describes the “body
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Activity 1 1. Describe two variables that affect the rate of diffusion. a. There are alot of different variables or factors that can affect the rate of diffusion‚ for example: size of the molecule‚ shape of the molecule‚ concentration gradient‚ charge of the ions‚ temperature‚ environment‚ etc. The rate of the diffusion can increase as diffusion distance increases‚ concentration gradient increases‚ surface area increases‚ temperature increases‚ and many more. 2. Why do you think the urea was not
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CCS Description Type IT237 March 22‚ 2012 Prof. Brooke CCSD Cascading Style Sheets‚ also referred to as‚ CSS are created so developers are able to separate the design from the content. This process allows HTML to do the markup of the content and the developer does not have to worry about the layout. CSS are separated into one of three different categories‚ which are as follows: external‚ embedded‚ and inline CSS. Each type of CSS has pros and cons‚ it really depends upon the situation
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Trial Balance………………………………………………………………………………………………………………………………………17 FIFO Statement………………………………………………………………………………………………………………………………...18 Income Statement……………………………………………………………………………………………………………………………..19 Balance Sheet…………………………………………………………………………………………………………………………………….20 General Journal………………………………………………………………………………………………………………………………….21 Chapter II…………………………………………………………………………………………………………………………………………...22 Transactions-Oct…………………………………………………………………………………………………………………………………23
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Principles of Accounts School-Based Assessment On Blanna’s Fashion Boutique Submitted by : Anna Kay Blake Registration number: 1000290074 Submitted To: The Donald Quarrie High School School code: 100029 Territory: Jamaica This project is submitted in partial fulfillment of the requirements for certification in Principles of Accounts by the Caribbean Examinations Council
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business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet will show the financial position of the business. A statement of assets minus the liabilities will show the businesses equity. The basic terminology of accounting is debits and credits. A debit is a transaction of value. A credit is to remove a transaction
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problem they provide the solution. [7 marks] Reading for this question To prepare for this question you should read Chapter 3 in the subject guide‚ in particular the section on recent financial innovations. Approaching the question A good answer will review two financial innovations‚ e.g. the floating-rate debt innovation and the zero coupon bond innovation‚ and look at the reason why these instruments were a success initially (why investors believed they could perform a useful role) and why they later
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CASCADING STYLE SHEETS CSS or Cascading Style Sheets allow you to control your page layout or a simple way to add style (e.g. font‚colors‚spacing). HTML deals with structure while CSS deals with style. With CSS‚you will recognize some similarities with HTML attribute names and values. But in CSS‚ you will use curly braces { } colons : and semi colons ; and you will use selectors and declarations. Good HTML and CSS writing practice it to test one body or block of the codes at a time‚instead of writing
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FINANCE 3110 (CRN 83872) Principles of Finance Fall 2014 Principles of Finance FINANCE 3110 (CRN 83872) - Fall 2014 School of Business‚ Middle Georgia State College Tuesday‚ 5:30 PM-8:00 PM‚ PSC 248 INSTRUCTOR Dr. Shawn Saeyeul Park Middle Georgia State College School of Business Email: shawn.park@mga.edu Office: PSC 364 (Phone: 478-471-2886) Office Hours: M‚W 10:00 – 11:30 AM; T‚Th 10:00 – 11:15 AM; 1:30 – 2:45 PM WRC: M‚W 6:45 – 7:45 PM or by appointments Course Website: D2L COURSE DESCRIPTION
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Accounting Principles The general rules and concepts that govern the Accounting filed are referred to as the Principles of Accounting. The Financial Accounting Standards Board (FASB) using the groundwork of principles and guidelines has formulated these rules. They lay the foundation for sound and ethical accounting practices. The GAAP (Generally accepted accounting principles or "GAAP") consists of three important sets of rules: • The underlying accounting principles • The rules and standards
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