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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set my goals? Saying I’m going to have $5 million by retirement is not goal setting. Although it might sound like I have a goal‚ not developing a realistic path toward fulfilling it will‚ unfortunately‚ turn my supposed goal into what it really is--a pipe dream. And pipe dreams are rarely realized. Goals‚ however‚ when properly set can usually be met. Goal setting is the term commonly given for the process of setting and working towards specific‚ defined goals. Pretty simple really. What is
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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NATURE‚ PURPOSE AND SCOPE OF AUDIT AND REVIEW NATURE‚ PURPOSE AND SCOPE OF AUDIT AND REVIEW 1 “AUDITING” In independent examination 2 NATURE AND DEVELOPMENT The word “audit” comes form the Latin word audire which means “to hear” because‚ in the middle Ages‚ accounts or revenue and expenditure were “heard” by the auditor. Statutory audits (i.e. carried out in accordance with statutory provisions) become mandatory for companies in 1900. At this time the purpose of an audit was to detect fraud‚ technical
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Accounting and Profiling Information Management System A System Proposal Presented to the Faculty of the Information Technology Education Program University of the Immaculate Conception Fr. Selga St.‚ Davao City _________________ In Partial Fulfilment of the Academic Requirements for the Subject SYSTEMS ANALYSIS AND DESIGN (SAD) By: Dayrit‚ John Paul N. Evasco‚ Allan Christopher G. Mendoza‚ John Mark N. September 2013 Table of Contents Part I SYSTEMS ANALYSIS
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Essay Nature‚ in its core function‚ is the cause and effect relationship offered to things with "ascertainable objectivity"‚ happening without cause. From this we can easily conclude that the state of the nature of something that something being an object with “thing-hood”‚ as humorously described in class is its beginning purpose and generality. There are a few debatable definitions of nature‚ which at first glance are very similar. On hand‚ we have nature that is described as
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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anywhere‚ don’t allow YZ study. 7 years later‚ he lose his gift‚ when YZ 20 years old‚ he just a generally people. This story tells me‚ not only genes determine our behavior and personality‚ and has envir. factors. Firstly‚ I’ll report on the article ‘Nature/Nurture: An Artificial Division’ by Kimberly J. Allen. After that‚ I’ll offer some of my own ideas about whether not only genes determine our behavior and personality. I will argue that the environment influence genes and finally‚ I’ll conclude today’s
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Reporting Standards (IFRS) in 2005. Prior to that‚ Australia had its own standard-setting processes. The introduction of IFRS in Australia replaced the original accounting standards and brought several brand new standards. Until now‚ Australia was the first country with a tradition of its own standard-setting to implement international accounting standards for general purposes. Therefore‚ the adoption is unexpected and controversial. This essay mainly focuses on the negative side of this accounting standard
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By: Trevor Agenda Setting in the Internet The 2000 Presidential Elections are upon us and who do we turn to for information regarding the candidates? What issues will be the hot topics for the election race? For that matter‚ what will be the hot topics in the media for next week? Just as this paper must be structured‚ organized‚ and center around a main idea‚ so must all information presented to an audience. Information can only be easily processed if it contains some kind of structure. This
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