during an accounting period in monetary terms. These business activities vary from one enterprise to other. To compare the financial statements of various reporting enterprises poses some difficulties because of the divergence in the methods and principles adopted by these enterprises in preparing their financial statements. In order to make these methods and principles uniform and comparable to the extent possible – standards are evolved.What are Accounting Standards? Accounting Standards are the
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there are always some disadvantages. 3D printing is one of the greatest inventions anyone has ever made. 3D printers allow you to print any three dimensional object from your computer. Original printers work by putting ink on paper. 3D printers don’t work like that. They work with materials like metal‚ plastic‚ and ceramic. The printers put down these materials‚ thin layer after thin layer from the bottom to the top‚ to make the desired object. 3D printing has many advantages. 3D printers can help
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Advantages and Disadvantages of Robot Technology Many type of robots that have been created and developed by the engineers to help human managing and assisting human in daily tasks. Robots are simply machines that have the ability to perform specific tasks and typically controlled by a computer or collection of computers. The robot can only perform those tasks for which they have been programmed. Main advantage of the robot technology is the increasing in productivity‚ safety‚ efficiency
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TECHNOLOGY: Dota and Facebook (Advantages and Disadvantages) DOTA Advantages 1. Dota helps the youth who are playing this game to become mentally alert‚ cooperative‚ and strategic. 2. It increases their knowledge in mathematics by computing the gold’s‚ damages‚ magic and physical reduction present in the game. 3. Playing DOTA are for the youth to communicate teenagers who initially don’t know each other can easily be friends. DOTA Disadvantages 1. It can lead to irresponsibility. 2. It triggers
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Accounting Information Systems 9th Edition Marshall B. Romney Paul John Steinbart ©2003 Prentice Hall Business Publishing‚ Accounting Information Systems‚ 9/e‚ Romney/Steinbart 6-1 Systems Development and Documentation Techniques Chapter 6 ©2003 Prentice Hall Business Publishing‚ Accounting Information Systems‚ 9/e‚ Romney/Steinbart 6-2 Learning Objectives 1 2 Prepare and use data flow diagrams to understand‚ evaluate‚ and design information systems. Draw
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Write a 250-word response to each of the following questions: What are the advantages and disadvantages of social media? How might knowing these advantages and disadvantages alter how a person might use social media? One advantage of social media is the ability to stay connected to friends and family‚ especially those you may not see often. You can share photos and even host events which you can invite your friends to. Social media is also a good way to meet new friends and share interests with
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Advantages and disadvantages of using CAD Advantages * Can be more accurate than hand-drawn designs - it reduces human error. * You can save and edit ideas‚ which makes it easier and cheaper to modify your design as you go along. * You can modify existing ideas‚ which saves time. Disadvantages * The software itself can be expensive so initial costs are high. There are free software packages though. * Staff need to be trained how to use the software‚ which also adds to costs
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Advantages of Overpopulation i)Efficient utilization of resources A major portion of our country’s resources are lying idle or are underutilized.We need more manpower to utilize them effectively so that there is no wastage. ii)Expansion of Market An increase in the total population will raise the demand for various essential as well as luxury goods.It will act as an incentive for the producers to set up more industries which will bring economic development. iii)Better Labor Force The growing
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What are the advantages and disadvantages of travel? One of the advantages of travel is that it broadens the mind or‚ in other words‚ broadens an individual’s life experiences. In addition‚ the exposure to a another part of your own country or a foreign country allows you to reexamine your life and to reassess your way of thinking. Another advantage‚ in the case of foreign travel‚ is that it is a reason for learning a foreign language. Learning a foreign language provides you with both intellectual
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According to google.com (web definitions) Accounting Standards can be defined as a set of rules governing how accounts are drawn up. Would there be more positive effects than negative if a country develops its own accounting standards? I totally disagree with this statement‚ instead should be read‚ ‘A country should ‘NOT’ develop its own accounting standards’. To support my statement I will substantiate on five points stating why there is one accounting standards for everyone to follow; these include:
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