Unit 2: Demand & Supply Text: Economics for Today Chapter 3 and Supplementary Material 1 Market Any situation that brings buyers and sellers together for exchange of good and services (g/s) 2 Example – Pizza market: sellers comprise the individuals and firms that sell pizza – Supply buyers include all individuals who buy‚ or might buy pizza - Demand Does not have to be a physical place e.g. EBay‚ foreign exchange market A market occurs as long as buyers and sellers are in communication
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Chapter 2 Promote Professional development This chapter will help you to develop greater self-awareness in relation to your professional role and responsibilities. It will help you to understand the principles and importance of professional development and reflective practice in identifying and prioritising development goals and how to plan to meet these in order to improve your performance. As a leader and manager‚ you are responsible for ensuring that workplace practices are up to date and meet
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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a) Which accounting standards or Generally Accepted Accounting Principles (GAAP) are used in preparing the financial statements of the company (International‚ local or US GAAP standards)? Where did you find that information? For our accounting analysis we found the key accounting policies and related them to our identified key success factors. McDonald’s most important factors include consolidation‚ financial statement estimates‚ revenue recognition‚ advertising costs‚ compensation from stocks
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sativum var. abyssinicum) accessions by qualitative traits in the highlands of Southern Tigray‚ Ethiopia Haddis Yirga1* and Dargie Tsegay2 1 Tigray Agricultural Research Institute‚ Alamata Agricultural Research Center‚ P.O.Box 54‚ Alamata‚ Ethiopia. 2 Hawassa University‚ Department of Plant and Horticultural Science P.O.Box 05‚ Hawassa‚ Ethiopia. Accepted 16 September‚ 2013 Cultivated Pisum is dominated with Pisum sativum subgroup‚ but P. sativum var. abyssinicum (Dekoko) is a unique subgroup developed
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FASB Codification Case #1 Treasury Stock Paragraph 505-30-30-3 considers that “. If the purchase of treasury shares includes the receipt of stated or unstated rights‚ privileges‚ or agreements in addition to the capital stock‚ only the amount representing the fair value of the treasury shares at the date the major terms of the agreement to purchase the shares are reached shall be accounted for as the cost of the shares acquired”‚ and further the section mentions that “the price paid in excess
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Philosophy Class Session 2 08/29/11 Chapter 1 and We Think Catholic Prof article page 1-39 page 7 Quotes “The beginning of wisdom is to desire it” ~ Solomon Ibn Gabirol “He who knows he is a fool is not a great fool” ~ Confucius Wisdom vs Knowledge‚ the smartest guy in the room might not be the wisest‚ but the wisest man is often just ordinary in everything else. Compare? Wisdom to knowledge as a librarian is to a library. I. Pursuit of Wisdom A. “Get in the game” - more
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TDA 2.3 Communication and professional relationships with children‚ young people and adults Know how to interact with and respond to children and young people 1.1 How to establish respectful and professional relationships with children and young people? * To demonstrate positive relationships and promote mutual respect * Remain calm at all times‚ an assertive behaviour calls for an assertive response * Adapt your behaviour and communication to the age of the child or young person * Make
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There are many accounting concepts which underpin GAAP such as the accruals and going concern concepts in particular. Going concern-it is assumed that the organisation will continue to operate indefinitely. This just means that when we draw up financial summaries‚ we do not assume the organisation is in severe financial difficulties. Accruals concept-when calculating the profit or loss of an organisation‚ all income and related expenditure for a specified period should be included‚ not simply
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Regulations Historical Background • Environmental regulations have existed for centuries. • In about 1300 A.D.‚ King Edward II of England reportedly ordered any person burning coal to be hanged because of poor quality of air ENGR. YVONNE LIGAYA F. MUSICO 2 Historical Background • The first significant laws were federal statutes passed in the United States in the 1970’s dealing with air and surface water quality and hazardous waste ENGR. YVONNE LIGAYA F. MUSICO 3 Why are Environmental Laws Passed
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