THE EFFECTS OF ACCOUNTING CONCEPTS ON FINANCIAL STATEMENT 5.1 ENTITY CONCEPT The first accounting concept is entity concept. These concept shows accounts are kept for entities and not the people who own or run the company. Even in proprietorships and partnerships‚ the accounts for the business must be kept separate from those of the owners. This is because what whatever amount the company owes to others is not the liabilities of the owners. The maximum amount that the owner is going to lose
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Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
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Skip to main navigation * Sitemap Competing for growth: Winning in the new economy - Competing for growth: the framework - Ernst & Young - Global * Ernst & Young Online sign-in Ernst & Young Online sign-in Ernst & Young Online User name: Password: Learn more Forgot User name or Password Please enter your email address to verify your account: Email: Learn more Return to Login * Library * About
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1 CHAPTER ONE: ACCOUNTING IN BUSINESS Chapter Outline I. Importance of Accounting—we live in the information age‚ where information‚ and its reliability‚ impacts the financial well-being of us all. A. Accounting Activities Accounting is an information and measurement system that identifies‚ records and communicates relevant‚ reliable‚ and comparable information about an organizations business activities. B. Users of Accounting Information 1. External Information Users—those not directly involved
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1. Sources of GAAP and basic framework and concepts ........................................................... 3 2. Reporting net income ................................................................................................... 14 3. Income statement: Income from continuing operations ................................................................................ 17 Discontinued operations ...............................................................................
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1.1. Explain the various elements of the marketing process: 1.1.a. Elements of the marketing process: The marketing process consists of four steps. These four steps are all completed with the goal of creating value for your target customers. Some elements of the steps are performed continuously‚ such as monitoring the marketing environment. Some are done annually‚ such as the annual development of a marketing communications plan. Lastly‚ some of the steps‚ if done correctly‚ should last for decades
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Q-Meter The Q meter is an instrument used to measure electrical properties of coils and capacitors. Mostly used in testing the radio frequency circuits. A Q-meter basically measures the Q (Quality Factor) of the circuit. It is also used to test the inductors‚ capacitors for their high frequency inductance‚ Q ‚ capacitance as well as ∑‚ tg δ value. Make and Model MODEL WY2851D Digital Q meter MADE BY ShangHai Wuyi Electronics Co.‚ Ltd. Fig: WY2851D Digital Q meter Technical
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1. poglavje - THE WORLD OF THE INFORMATION SYSTEMS ANALYST RQ 2. What are the main steps followed when solving a problem? Research and understand the problem‚ verify that the benefits of solving the problem outweigh the costs‚ define requirements for a solution‚ develop a set of possible solutions (alternatives)‚ decide which solution is best‚ define the details of the chosen solution‚ and monitor to make sure that you obtain the desired benefits. 6. List the six fundamental technologies
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MINH TRAN – DMA # 1 Barbie-Q By Sandra Cisneros Cisneros opens her tale with a possessive pronoun: “yours”‚ which confounds readers and draw their immediate attention. Without delay‚ they are then brought into the world of Barbie Dolls: “yours is the one with mean eyes and a ponytail” and “mine is the one with bubble hair”. Here‚ we are overwhelmed with details of the dolls’ costumes - “Red Flair”‚ “sophisticated A-line coatdress with a Jackie Kennedy pillbox hat”‚ “white gloves”‚ etc. - listed
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THE PRINCIPLE PSYCHOLOGICAL PERSPECTIVES P1: Explain the principle psychological perspectives There are many types of psychological perspectives to be discussed in the unit. These all help us understand and comprehend psychology in different ways. The six principles I will be discussing are; Behaviourist theories (Pavlov‚ Skinner)‚ Social learning (Bandura)‚ Psychodynamic (Freud‚ Erikson)‚ Humanistic theory (Maslow‚ Carl Rogers)‚ Cognitive theory (Jean‚ Piaget‚ Kelly) and
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