civic responsibilities by going to school board meeting‚ babysitting for the parents of Parent Teacher Organization and working the PTO Fun Run‚ and I learned even the small things make a difference. The importance of attending school board meetings are greatly neglected. Many people think that they don’t have a say in what happens to the school or the board won’t take into consideration what the people have
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discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects companies to acknowledge
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Financial Reports By Jim McFie‚ a Fellow of the Institute of Certified Public Accountants of Kenya FASB (the Financial Accounting Standards Board‚ a US body) was the first organization to develop “Concepts Statements”. All the other “Concepts Statements” have been based on those developed by FASB. A new “Conceptual Framework for Financial Reporting” was worked on jointly by FASB and IASB (the International Accounting Standards Board) and was published simultaneously by FASB and IASB in September 2010
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FISCAL CONTROL BOARDS Origins and Structures of Fiscal Control Boards Understanding the origins and the structure of fiscal control boards is crucial in this discussion‚ since it provides a framework for this mechanism. The Harvard Law Review argues that municipal financial problems and state responses to them are not new phenomena because cities throughout the nation have faced urban fiscal crisis since the 1800’s (Harvard Law Review 1997). Moreover‚ the study defines urban fiscal crisis
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Running head: ETHICS IN ACCOUNTING Organizational Ethics in Accounting: A Comparison of Utilitarianism and Christian Deontological Principles Katherine Y. Masten A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2012 1 ETHICS IN ACCOUNTING Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University
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000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including selling and administrative expenses. E19-8 Craig Corporation (a) Compute cost
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when this might not be appropriate measure for example when a third party is at risk‚ a perfect example of this would be the recent outbreak of EBOLA. A patient exhibiting the symptoms and signs may refuse the treatment‚ but in order to protect the public from the deadly virus‚ doctors may order the patient to be quartintied and treated. Furthermore if a terminally ill patient wants to end their life rather than prolonging their suffering they may choose to in designated states‚ a perfect example of
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in their income statements‚ financial ratios‚ and balance sheet. The reader would find information about the company and industry profile; therefore‚ this outline will show graphics to help you understand the situation and condition of this company at the stock market level. This study is based with the latest information of the corporation for the years 2007 through 2009. Company Profile Liz Claiborne Liz Claiborne Inc designs and markets a global portfolio of retail-based premium brands
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The painting has been done on the wooden board. The artist has used oil paints as its medium. The painting‚ however does not include the whole wooden board. The subject is situated at the center of the board and the rest of the board is left blank. This is why the viewers have their focus at the center of the board. The very thing that attracts the viewers towards this painting is the color that has been used in the painting. The use of bright colors like white and blue makes it look vibrant and
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BUSINESS RESEARCH METHODOLOGY BOARD EFFECTIVENESS AND COST OF DEBT by : FARUQ AKURAT 100810251004 ECONOMIC FACULTY JEMBER UNIVERSITY 2011 / 2012 Board Effectiveness and Cost of Debt ABSTRACT Does the board of directors influence cost of debt financing? This study of a sample of Spanish listed companies during the period 2004–2007 provides some evidence about the question. The results suggest that two board attributes – director ownership and board activity – appear to influence in
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