Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
Premium Generally Accepted Accounting Principles Accounts receivable Revenue
American Government 2/20/2006 America the Unusual A look at John Kingdon’s factual exploration. America the Unusual‚ by John Kingdon‚ is a series of observations and discussions as to the unique nature of American politics and government. America is considered "The Land of Opportunity" by many - but what makes it different from other countries? How does it provide more opportunity than other systems of government or politics? In his book‚ Kingdon continually poses and answers questions regarding
Premium United States Law Political philosophy
Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
Premium Balance sheet Internal control Auditor's report
1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors reflect
Premium Ethics Morality
COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
Premium Management Accountancy Business
Why I Should Be On Yearbook Staff I think I should be chosen for the year book staff because I am a very creative person. Being creative and expressing myself is something I definitely love doing‚ and I feel that if I could be a part of creating the year book‚ I could show off my creativeness. I always have a positive attitude and I like making people laugh. Qualities like that are the reasons that everyone loves me; I’m an all around person. Being able to talk to people to get them to buy a yearbook
Premium Thought Attention Creativity
dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash flow) * Shareholders & Auditors -cash flow accounting and reporting
Premium Balance sheet Generally Accepted Accounting Principles Income statement
e chosen to be in the Military because‚ I feel that it`s my specialty besides football‚ I have three uncles who have been in the army and it runs in the family. I train almost everyday so when I get in the army‚ the basic training will be easy. To join the military‚ applicants must meet age‚ education‚ aptitude‚ physical‚ and character requirements. You must be a high school graduate or have equivalent credentials‚ such as a general education development. Newly enlisted members of the armed forces
Premium Military Army High school
Reflection Lana Lambrou ETH/376 Susan Paris March 30‚ 2013 The AICPA is the group of accountants which has provided some principles to adopt in practices. There are six principles which contain the important elements to protect the interest of public. These six principles determine the ethicality of an event. If these principles are followed by all the CPAs then the manipulation of accounts can be prohibited. The CPAs have the responsibility as well as accountability towards the public
Premium Responsibility Social responsibility Certified Public Accountant
Has your cheese been moved? While recollecting reading of a book called “Who moved my cheese “and evaluating the same in world around us‚ led to writing of this post. It is a fact for individuals as well for organisations that any stream of earnings‚ workings or processes cannot be taken for lasting for ever without any disruption. Especially in today’s world where intelligence has moved to Artificial Intelligence and human behaviours are being imbibed in Robots to do routine jobs‚ changes or disruptions
Premium Food Nutrition Eating