Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
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When you’re good at something you’ll tell everyone‚ When you’re great at something they’ll tell you-Walter Payton. I’ve always wanted to be in the NFL but due to sports related injuries I can no longer play football. My 5 year plan after High School is to go to College for sports medicine and the be a athletic trainer in the NfL. Right after High School I want to go to College for sports medicine. I want to go the University Of Ohio and major in sports medicine‚ they have a impressive sports medicine
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Successful business pursuits make the human civilization consummate. In recent times‚ numerous new ventures have surfaced which have intelligently utilized various disruptions to achieve phenomenal breakthroughs. They have also proved that mere technological knowledge and gumption are not sufficient to be a trendsetter; one also needs to possess contemporary knowledge about global business advances that adequately maps users’ needs and help cater accordingly. I wish to realize my aspirations by tuning
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The opportunity to become a member of the National Honor Society (NHS) is an extreme honor. I realize that my academic success is just the initial requirement for becoming a member. In addition to strong academics and a commitment to learning‚ the NHS also requires service‚ leadership‚ and character to recognize individuals that are actively contributing to both school and the community. I am not only proud of my accomplishments in all four of these pillars‚ but also by the positive contributions
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Inspired by the vision of working in a people caring environment‚ my chosen career route would help me fulfil my aspirations. Mental health nursing would give me the chance to make a real and positive change in people’s lives. This would give me a chance to study something that involves both academic and practical studies‚ which I feel would suit me best. This course would allow me to attain the qualification I require and prepare me towards a very rewarding career. I am a hard working individual
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People are not binary machines but cognitive organisms‚ so a plethora of reasons exist for why people persist to drink and drive. Two prevalent observations exist. For teenagers‚ the fear of calling one’s parents for a ride due to drinking is greater than driving home drunk. My friends and I are designated drivers‚ and prevent as many people we possibly can from driving drunk‚ but I am fully aware of students who have. But another reason‚ universal in all ages‚ is the absence of facts in ones’
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STATEMENT OF PURPOSE -Balaji Moorthy ________________________________________ Stay Hungry‚ Stay Foolish"- Steve Jobs (2005) A non-descript farewell message on the back cover of the Whole Earth Catalogue-1974 edition‚ when it became the closing line of Mr. Jobs’ commencement address to the Graduates of Stanford‚ went on to inspire many. And these words can best summarize my ideals. I would like to introduce myself as Balaji Moorthy‚ a young
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Green | February 25‚ 2013 Authored by: Tim Jones February 25‚ 2013 Authored by: Tim Jones Table of Contents The purpose of accounting 3 The objective of accounting 3 Important to the company 4 Accountant ’s integrity 5 Technologies impact on the accounting profession 5 Conclusion 6 Bibliography 7 Accounting for Non-Accounting Majors The purpose of accounting Is to gather and report financial evidence about the cash flow‚ performance‚ and financial position of that business
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– STRATEGIC PURPOSE 4.1 Introduction The example of Lehman Brothers show that there is a failure of both strategy and governance. In this chapter we will able to : * Consider appropriate ways to express the strategic purpose * Identify the components of the governance chain of an organisation * Understand differences in governance structures * Identify differences in the corporate responsibility * Undertake Stakeholder analysis 4.2 Organisational purpose: values‚ mission
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Purpose of Accounting Accounting is a service activity. Its function is “to provide quantitative information‚ primarily financial in nature‚ about economic entities that is intended to be useful in making economic decisions in making reasoned choices among alternative courses of action” (Raiborn‚& Watson 2003). The main purpose of accounting focuses on the preparation of pertinent financial reports‚ which will give internal and external parties the essential information that is needed to access
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