Basic Accounting Concepts and Business Structures Shannon Goshert ACC 537 July 25‚ 2010 Angela Rose Abstract Basic accounting concepts and business structures go hand-in-hand. Usually the business structure will determine the type of accounting concepts it will use. Generally accepted accounting principles (GAAP) are needed for effective accounting information. Basic Accounting Concepts and Business Structures Basic accounting concepts and business structures are important to a business’s
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sources of revenue and expenses for both companies‚ and found that PepsiCo’s recent merger with Quaker Oats accounts for a large part of the difference between the two. In the Cash Flow Statement‚ we compared the major inflows and outflows for PepsiCo and Coca Cola and discovered that PepsiCo has more outflows for the last year as compared to Coca Cola. In looking at the Audit Report‚ both companies were audited by “Big 4” accounting firms and both were issued clean opinions. In evaluating Revenue Recognition
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The dawn of personal computing in the early 1980s was the beginning of a rapidly evolving technology stranglehold on everyday life. The mechanical world of typewriters‚ dedicated word processors and adding machines with cranks were quickly left in a wake of microchips. The good news: you could do more. The bad news: you can be caught in a mire of complex and often-confusing computer-based equipment. The study of Human-Computer Interaction (HCI) finally took center stage in the mid-1990s as the World
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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Non-negative Matrix Factorization Based Noise Reduction for Noise Robust Automatic Speech Recognition Seon Man Kim1‚ Ji Hun Park1‚ Hong Kook Kim1‚*‚ Sung Joo Lee2‚ and Yun Keun Lee2 1 School of Information and Communications Gwangju Institute of Science and Technology‚ Gwangju 500-712‚ Korea {kobem30002‚jh_park‚hongkook}@gist.ac.kr 2 Speech/Language Information Research Center Electronics and Telecommunications Research Institute‚ Daejeon 305-700‚ Korea {lee1862‚yklee}@etri.re.kr Abstract
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generate revenues; some other revenues can offset one loss. 2. From the case study‚ there are strong opportunities to extend network of stores geographically and area developer model likely to be working. 3. It can be indicated that‚ from the competition prospective of KKD‚ the doughnut industry was highly fragmented. Even though there were hundreds of regional bakeries that sold doughnuts through supermarkets‚ retail stores or restaurants‚ most of them are less brand recognition. What is
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MEMORANDUM To: Dr. John J. Morris‚ Department of Accounting From: Group #9 (Sydney Case‚ Hannah Peterson‚ Kassidy Frederick) Date: April 3‚ 2012 Subject: Acctg 642: Case 08-5 Sell-it Products Inc. Statement of Facts Sell-it Products Inc. manufactures‚ markets‚ and distributes consumer products. It has been brought to their attention that the SEC is questioning their reportable segments it disclosed in their Annual Report. Below are the relevant facts: • Sell-it Products sells their
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reporting on the uses of these resources‚ it makes it more difficult to assess the firm’s profitability by comparing the cost of critical resources with the revenues they generate. (2000‚ Choudhary and Healy‚ p.5) If
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Decrease in the uncollectibles allowance as a percentage of gross receivables. The firm’s change of customer focus may prompt managers to decrease the allowance for uncollectible receivables. Recognition of revenues at the point of delivery‚ rather than at the point cash is received. Revenues can be recognized when the customer is expected to pay cash with a reasonable degree of certainty. Capitalization of a higher proportion of software R&D costs. According to SFAS No. 86‚ costs incurred
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chapter 1 INTRODUCTION TO FINANCIAL STATEMENTS ● the navigator ● ● ● ● ✓ Scan Study Objectives Read Feature Story Scan Preview Read Text and Answer Do it! p. 5 p. 11 p. 18 p. 20 Work Using the Decision Toolkit Review Summary of Study Objectives Work Comprehensive Do it! p. 23 Answer Self-Test Questions Complete Assignments Go to WileyPLUS for practice and tutorials Read A Look at IFRS p. 42 study objectives After studying this chapter‚ you should be able to: 1 Describe the primary
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