1. Under cash basis of accounting‚ revenue and expense recognition would occur when cash is received and disbursed. Contrast cash basis of accounting with accrual basis. Give suitable examples. ACCRUAL BASIS OF ACCOUNTING - An accounting basis wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally
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DepEd-ARMM School Calendar SY 2014-15 Photo Credit: BRAC ADM Vision-Mission-Goal Statement Vision “By 2015‚ the reformed DepED-ARMM is nurtured by competent workforce‚ producing multi-literate learners towards an inclusive and progressive Bangsamoro society.” Mission • • Priority Outcomes To provide a regional basic education system that is inclusive‚ equitable and responsive to regional needs. Transition to Bangsamoro To prepare multi-literate learners for productive
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Contrast Cash Basis Accounting and Accrual Basis Accounting The major objectives for business entity are to earn profit. Every company keeps their financial records and prepares their financial reports. There are two main accounting methods which are used to keep recording of the business. They are cash basis accounting (cash method) and accrual basis (accrual method). Either of any method can use in businesses. Company can choose the method which is benefit for them. The cash basis is the most simple
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Cash Basis vs. Accrual Basis Accounting Cash basis accounting and the accrual basis accounting are two accounting methods used to keep track of a business’s income and expenses. In accrual basis accounting‚ revenue is recorded as it is earned and expenses are recorded when they generate revenue. Under cash basis accounting‚ only transactions involving increases or decreases of the entity’s cash are recorded. One of the major differences is the reporting of net income and net cash flows
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Advertising Plan for the University of Illinois at Springfield BU 446-8: Advertising Renee A. Tesch April 18‚ 2010 I. Executive Summary This is the first comprehensive advertising plan for the University of Illinois at Springfield [ (UIS Strategic Plan‚ 2006) ] since 1992‚ when we were still known as Sangamon State University [ (UIS Strategic Plan‚ 2006) ]. The UIS has been part of the University of Illinois for 10 years‚ and it is time for fresh planning‚ new thinking and “Stretch Ideas”
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MKTG572 Marketing Basis for Interest Topic:Due Week One Complete this form and submit it to the Week 1 Basis for Interest Dropbox. Your instructor must approve your idea‚ and will give you feedback and suggestions if you need help. You have several options when choosing a product or service for your Basis for Interest plan. Consider choosing a new product for a new company (your own) or creating a new product for an existing company. Basis For Interest TOPIC Your Name: Mariam Merajee Product
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Export Merchandising Submitted to: Dr. GHS Prasad Associate Professor Department of Fashion Management Studies NIFT Hyderabad Submitted by: Shilpa A. Rajpal Delwyn Jhalak Nathwani MFM Semester I NIFT Hyderabad INTRODUCTION When a buyer begins to call on the fabric suppliers‚ the fabric salespeople would ask a series of details about the fabrics that you are sourcing. Knowing what fabric type you want is not enough. A certain supplier could have that type of fabric but it may take
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Johnkingsley Obasi AMBA650-The Springfield Nor’easters Case Analysis. Introduction. The city of Springfield‚ Massachusetts were blessed with the basing of a baseball minor league franchise in their city. But the class A team is faced with great revenue generation challenges that will make or mar the organization. The new team might likely take advantage of the fact that closest sports franchised teams are all located 90 miles away from Springfield. This might create a ticket and concession
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Michael Tellinger possing by one of the ruinsMichael Tellinger possing by one of the ruins For many years‚ in an area approximately 150 miles inland of South Africa‚ west of the port of Maputo‚ farmers and other local residents have noticed remnants of an older settlement that they were told were just small random wall structures used by indigenous people; most likely to round up cattle (picture on left). Johan Heine‚ a local fireman and pilot‚ started flying over the area and noticed that they were
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The Aztec calendar stone represented the “Four Movement”‚ which is the fifth world era‚ when the gods sacrificed their blood to give motionless Nanahuatzin energy for his celestial movement. The calendar symbolizes the Aztec’s belief that life and death in a fragile universe is maintained by a continuous supply of blood to the gods‚ as it contains a precious liquid essence known as chalchihuatl. It provides justification for war and sacrifice. It also contains four boxes figures which represent the
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