CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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understand why he is out walking for no reason Theme: Technology destroys human thought‚ individuality‚ and ingenuity 1. Mr. Mead loves to walk outside which is shown in‚ “Feet upon that bucking concrete walk‚ to stop over grassy seams and make your way‚ hand in pockets‚ through the silences.” He loves to walk because he believes that a man is most human when surrounded by the elements. 2. This story is set
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Quotations: Social media is not about the exploitation of technology but service to community. Simon Mainwaring Read more at http://www.brainyquote.com/quotes/quotes/s/simonmainw494031.html#4wh4YPULc2ItXlSB.99 Biography Author Profession: Businessman Born: 1967 If you think of the ideas of open source applied to information in an encyclopedia‚ you get to Wikipedia - lots and lots of small contributions that bubble up to something that’s meaningful. Matt Mullenweg Read more at http://www.brainyquote
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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(A.C.1.1) (a) The CIPD HR Profession Map (HRPM) was launched in 2009 but was made available to all Organisations and HR professionals in October 2012. www.cipd.co.uk It is used to help an individual to develop in their career and to help them prioritise their work load. It sets goals in order for them to move to the next band. It also helps an organisation to identify skills needed to develop a person/a team and to identify areas for development. The profession map has 10 professional areas
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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During the Middle Ages there were many professions‚ some of them were honorable others were not. In Chaucer’s Canterbury Tales‚ there are profiles of some the professions that were present during the Middle Ages. Among the professions there were a few that seemed unappealing. Personally‚ I do not like the professions that accept bribes; in this case the Friar represented characteristics of that profession. Other professions provoke suffering of another human being. For example‚ the Summoner’s job
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The Profession of Business Administration There are many responsibilities involved in Department Management. You must have an education and hold certain skills to be successful in this career field. There are promotions available and salary increases if you earn them. You should have adequate communication skills and practice a lot of self-discipline and possess self-control. The main responsibilities of Department Managers are recruiting‚ training and managing staff. You are expected
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ENTREPRENEURIAL SKILLS AMONG ACCOUNTING TECHNOLOGY STUDENTS OF THE UNIVERSITY OF MINDANAO An Undergraduate Thesis Presented to the Faculty of the College of Accounting Education University of Mindanao Davao City Beduya‚ Hannah Mae V. Clavite‚ Mary Crest O. Patiño‚ Frederick V. Reyes‚ Jestoni A. April‚ 2014 14-097 ACCEPTANCE AND APPROVAL SHEET This undergraduate thesis entitled “Level of Entrepreneurial Skills among Accounting Technology Students of the University
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