-the sector within which the -entity operates -The purpose for which the entity was created -The manner in which the entity is constituted. Conceptual framework Problem -Lack of a general theory -Permissiveness of accounting practice -Inconsistency of practices Needs -2 or more methods of accounting are accepted for the same facts -Reserves are used to artificially smooth earnings fluctuations -Deferrals are followed by ‘big bath’ write offs A set of inter related concepts which will
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1121 theory Topic 1 BDA/inventory * Time period assumptions: firm would find it desirable to report their financial statements more frequently therefore the economic life could be divided into artificial time periods. * Why are adjusting entries required? The purpose of balance day adjustment is to recognise revenue and expenses in the relevant Period. * Compare and contrast the purposes of adjusting entries‚ closing entries and reversing entries The purpose of closing entry is
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UNIVERSITI TENAGA NASIONAL COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTING DEPARTMENT OF ACCOUNTING SUBJECT: ACCOUNTING THEORY AND PRACTICE PREPARE FOR: DR.NORHAYATI MAT HUSIN PREPARE BY: NUR FADZILAH BT NORIZAN (AC086628) NUR IZYAN BT MOHD ISHAK (AC086934) NURUL AQILAH BT ZAMRI (AC085167) THILAGA SEGARAN (AC086628) BACHELOR IN ACCOUNTING (HONS) CASE 1: WASTE MANAGEMENT a) Define the matching principle and explain
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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Gaudium et Spes is probably the most controversial of the Vatican II documents‚ with the exception of Dignitus Human. It is considered as a pastoral constitution; it comments on the ever-changing cultural scene. According to Fr Robert‚ proponents consider Gaudium et Spes as the canon within the canon‚ however‚ he disagrees with this view because he ppppoint out that Gaudium et Spes should be read in the light of Lumen Getum. Fr Robert also pointed that for tractors Gaudium et Spes is the source of
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Part A: DIFFERENCES BETWEEN MANAGEMENT ACCOUNTING & FINANCIAL ACCOUNT 1. Managerial Accounting: The activity involves ‘decision making’ whether to purchase parts already assembled or individual parts. 2. Financial Accounting: It shows that the President is reminding Aminah to prepare a presentation stating an income statement and balance sheet information for last year‚ which the information already exist. 3. Managerial Accounting: Planning‚ controlling‚ evaluating and continuous
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Orale d’anglais spé : I am going talk about the : First of all I would like to give a definition of this notion: Locations and forms of power: (also called Places and forms of power or Seats and forms of power) In order to begin my presentation about form and location of power‚ it will be necessary for me to define what power means. In the dictionary‚ power refers to the ability to control others‚ events‚ or ressources‚ the ability to make things happen despite obstacles‚ resistance‚ or opposition
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Fair value or false accounting 1. How are assets and liabilities measured under IAS 39? Answer: According to IAS 39‚ Financial Instruments: Recognition and Measurement‚ financial instrument are to be stated at their ‘fair value’- defined as ‘the amount for which an asset could be exchanged‚ or a liability settled‚ between knowledgeable‚ willing parties in an arm’s length transaction’. ‘If the market for a financial instrument is not active‚ an entity establishes a fair value
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SPE 578 Complete Class - DOES NOT Include Week 3 Individual SPE 578 Models‚ Theories and Instructional Strategies for SPE - DOES NOT Include Week 3 Individual Check this A+ tutorial guideline at http://www.assignmentcloud.com/SPE-578/SPE-578-Complete-Class-Guide For more classes visit www.assignmentlocud.com SPE 578 Week 1 DQ 1 Using what you have learned from the readings‚ discuss why you think lesson plans are important to teaching and which part(s) of the lesson plan will you find most helpful
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Weekly Journal- Module 3 SPE 357 Instructor- Robert Burrell Grand Canyon University Nov 16‚ 2012 Assessment and identification are key elements in education‚ in particular‚ special education. Assessing students is essential to knowing where to begin with a student. No matter what the student’s ability is or is being‚ they all need to be assessed. After the assessments are done and evaluated‚ a teacher should have a better understanding of what level of performance the students are
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