in Pamantasan ng Lungsod ng Maynila‚ to establish sportsmanship and camaraderie among nursing students‚ to encourage nursing students to believe in their physical and mental talents‚ and to develop a responsible leadership‚ do hereby ordain and promulgate this constitution. ARTICLE I General Provisions Section 1. This constitution shall be known as the constitution of the College of Nursing Lakas Organization. Section 2. This constitution shall subject to University‚ College and Organization
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Corporate governance is the set of principles and practices that a corporation uses to regulate the relationship between the shareholders and the professional managers hired by the board of directors. Because the financial statements are an important channel of communication between the managers and the shareholders‚ the financial statements are crucial to the process of corporate governance (Stice & Stice‚ 2006). http://www2.accaglobal.com/pdfs/international/pakistan/pm_cg.pdf
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CHAPTER 1 Governmental and Nonprofit Accounting: ENVIRONMENT AND CHARACTERISTICS ANSWERS TO QUESTIONS QUESTION 1-1 a. The similarities of accounting for profit-seeking and G&NP organizations include: 1. Double-entry system of accounts. 2. Most accounting mechanics‚ e.g.‚ basic transaction documents‚ journals‚ ledgers‚ charts of accounts. 3. Where a G&NP organization has a business-type activity‚ e.g.‚ a municipal electric utility‚ the accounting largely parallels that
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Claiborne and Kirkland A. Wilcox ABSTRACT: In this case‚ two start-up companies in the same industry have identical economic transactions. Although both companies follow generally accepted accounting principles (GAAP)‚ each manager makes different choices and estimates when applying GAAP. By preparing the financial statements‚ calculating ratios‚ and comparing and contrasting the two companies‚ students see how choices and estimates made by management affect the financial statements. They also
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are many pros and cons of each of the options and all three entail significant changes and would require different implementation times for a smooth transition. For Not-For-Profit organizations‚ the AcSB will continue to apply those elements of GAAP for profit-oriented enterprises that are applicable to their circumstances‚
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this information and determine if compliance with the accounting principles is coherent with Generally Accepted Accounting Principles (GAAP). If a conclusion is reached that the organization accounting principles are conflicting‚ then the proper adjustments will have to be made to avoid any compliance issues with the Generally Accepted Accounting Principles (GAAP). These topics will be explained to clarify the proper treatment of these items based on FASB standards and the reasoning for the requested
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Report : Financial Report Form: Financial Report must be prepared according to the Standards of GAAP : generally accepted accounting principles for preparing the financial statements‚ these rules permit alternative accounting methods for some transactions. Furthermore‚ accountants have to interpret the rules as they apply GAAP in actual situations. The devil is in the details. The point is that interpreting GAAP is not cut-and-dried. Many accounting standards leave a lot of wiggle room for interpretation
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covered under IAS 19‚ Employee Benefits. /1 1/1 Question 4 Under U.S. GAAP‚ interest on loans secured to acquire fixed assets must be _______. a. Expensed in the period they are incurred Selected: b. Capitalized as part of the fixed asset costThis answer is correct. c. Either expensed currently or capitalized as part of the fixed asset cost d. Charged against revenue in the year the asset is put into service Under U.S. GAAP‚ interest on loans secured to acquire fixed assets must be capitalized as
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“Financial statements are like fine perfume; to be sniffed but not swallowed.” - Abraham Briloff (Professor Emeritus of CUNY Baruch) ACCOUNTING: Accounting is defined by the American Institute of Certified Public Accountants (AICPA) 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‚ of financial character‚ and interpreting the results thereof." ACCOUNTING AND ITS ROLE IN SOCIETY:
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1. Which of the following is conducted as a follow up to a system’s recent implementation? A) Troubleshooting B) a systems survey C) a post-implementation review D) systems maintenance Points Earned: 1.0/1.0 Correct Answer(s): C 2. After the conversion is completed‚ the systems development project team writes the project completion report. A) True B) False Points Earned: 0.0/1.0 Correct Answer(s): True 3. Which of the following is not a task required to complete structured systems analysis
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