HISTORY OF ACCOUNTING Accounting has a history that is usually discussed in terms of one seminal event- the invention and dissemination of the double entry bookkeeping processes. Paul Garner and Atsuo Tsuji (1995) report that the first printed treatise of bookkeeping in the world is the Summa de Arithemetica‚ Geometria‚ Proportioni et Proportionalita written by Luca Pacioli. The treatise was published in Venice in 1494‚ and was reprinted at Toscolano in 1523. This work is one of the most important
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Introduction to Accounting Instructor : M. Morshed (MDM) Senior Lecturer‚ School of Business. Semester : FALL Year : 2012 Submitted by Robiul Hassan Labib ID – 1220296030. | | | | Question 1: Explain using various examples‚ how the major accounting concepts
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Avoidable/unavoidable Controllable/ Uncontrollable Standard/actual 2.2 Importance of cost classification Analysis of cost behaviour is important to all organizations for effective management. This is because many organizations have a unique cost structure. For example‚ fixed costs account for 60 – 80% of all hospital costs. However‚ unlike many organizations of this type‚ labour costs largely comprise the hospital’s fixed costs. Labour costs unlike depreciation require a cash
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progress against plans‚ which may need modification based on feedback. Management accounting is concerned with the provisions and use of accounting information to managers within organizations‚ to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. In contrast to financial accountancy information‚ management accounting information is: usually confidential and used by management‚ instead of publicly
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FORENSIC ACCOUNTING Alicia Johnson ACCT 310 Intermediate Accounting II Professor McNeal Fall 2004 Forensic Accounting is a fast growing field in the "World of Accounting". Its creation dates back to the early 1800 ’s in Glasgow‚ Scotland. Although it has been around for a long time‚ it has become increasingly popular in the past few years as there have been a number of corporate scandals‚ stricter reporting‚ and internal control regulations involving public awareness and importance in
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primarily responsible for the Japanese accounting system being significantly different from other national systems and what influences do you consider the Japanese system will have on international accounting in the future? INTRODUCTION Japan as an accounting jurisdiction is characterized by the dominance of the state (Haller and Raffournier‚ 2003). The accounting rules have been set out in the past fifty years as statute law with an implicit objective that accounting should contribute to the growth
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operates. Therefore‚ in order to properly evaluate Caesars Entertainment Corporation‚ the gaming industry must be taken into consideration. Specifically‚ industry trends and strategies‚ competitors‚ business processes‚ regulation and oversight‚ special accounting and financial reporting practices‚ internal controls‚ major risks‚ as well as the implications of those risks will be addressed. Industry Trends and Strategies While the gaming industry was once considered to be “recession proof‚” it endured
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In regards to the historic importance of following orders it in the Army‚ without the soldiers following the orders then there would be no structure and no control. Tasks that superiors and officers can’t‚ won’t‚ or don’t have time to complete will not get completed. Throughout history of this nation each unit has given orders with the thought they would get accomplished‚ without the following through of these orders many of the Army’s greatest victories could have and probably would have been defeats
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10 and 11 from Advanced Accounting‚ 11th edition Fischer‚ Taylor and Cheng. You can purchase these chapters as PDFs from: http://www.cengagebrain.com Here is some specific information about the book to help you find the chapters: Advanced Accounting‚11th Edition (do not purchase chapters 10 and 11 from the 10th ed); Authors: P. Fischer‚ Wm. Tayler‚ R. Cheng; ISBN-13: 9780538480284 1152 Pages | © 2012 • Chapters 4 and 5 from International Accounting 3rd edition‚ Doupnik and
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(s. 254A). If partly paid shares are issued‚ the shareholder is liable to pay calls on the shares (except in the case of no-liability companies). A company also has the right to issue preference shares‚ but may only do so either if there is a statement in its constitution setting out the rights of these shareholders or if these rights have been approved by a special resolution of the company. Not all preference shares are the same. Classification of preference shares as equity or liabilities depends
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