COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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Balance of Payment Balance of Payment is the recording system of economic and financial flows that take place over a specified time period between residents and non-residents of a given country. The residents of a country compromise of the general government‚ individual‚ private and non- profitable bodies serving individuals and enterprises. The Balance of Payment will consist mainly with three sections. 1. Current Account- This shows all the inflows and outflows of a country. 2. Capital Account-
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New Balance Situation Analysis New Balance International was founded during the early 1990s specializing in orthopedic footware to improve the fit of their shoes. Today the company continues its founding values in a highly specialized niche business of providing athletic footware in a wide range of widths and sizes which distinguishes the product from its competitors. With the philosophy of “one size did not fit all‚” New Balance expanded operation from the US and currently markets its
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CARE OF THE OLDER PERSON; INTRODUCTIOON; My name is Carmel‚ I am presently doing a FETAC LEVEL 5‚ in health skills through the V.E.C. one of the modules is care of the older person‚ I decided to do this course because I would like to work with elderly people in my community‚ I have previously worked as a home help and a carer‚ I feel there is a great need to learn and up date new skills in this area as there is more elderly people living alone and some been cared for by family members in the
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The balance sheet‚ income statement and cash flow statement are closely related. Basically‚ a balance sheet describes a company’s assets‚ liabilities and stockholder’s equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a company’s
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A balance sheet is a financial statement that reports the assets‚ which are resources owned by a business‚ liabilities‚ and stockholders’ equity at a specific date. Examples of assets would be computers‚ delivery trucks‚ furniture‚ and buildings. A balance sheet has two categories: Assets‚ liabilities‚ and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes
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The Balance of Nature This paper will be about the balance of nature between plants and animals. It will also state how complex their ecosystems are. This paper will be informative in the areas of the balance of nature itself‚ plant and animal interactions‚ and changes in the ecosystem. Living things or organisms provide each other with substances necessary for life‚ and a proper balance between plants and animals is needed to maintain life (1‚ p.246d). AEcology is the study of interrelationships
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| Company: World Balance International‚ Inc. I. Company Profile A. History In October 14‚ 2008‚ World Balance International was introduced to the market‚ which aims to distribute and market top and excellent quality footwear and apparel worldwide under its brand. B. Company’s Product and Services World balance features a variety of footwear to provide Filipino men and women with more options
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Body fluids are maintained at a constant level by several homeostatic mechanisms: Osmosis- is the diffusion of water through a selectively permeable membrane known as a plasma membrane. Water is highly polar it is repelled by the lipid core (nonpolar) of the plasma membrane but can easily pass through the aquaporins created by the proteins in the membrane‚ so osmosis is happening all the time as water moves into and out of cells. Diffusion- Is where ions move away from an area where they are
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