Poverty in the Philippines can be described in many ways. There are numerous stories that I have observed‚ researched‚ and heard about that paint a clear picture on how “poor” people in our country live their lives. I think that I should first mention my own perspective of what poverty is and who the poor people are in our country. I am confident that I can give at least a brief and general description of poverty because I come from Cubao‚ a place packed by multiple informal settlers and street
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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Fighting poverty (Published in FOCUS‚ newsletter of the Financial Exctuives Institute of the Philippines‚ July 17‚ 2013) The presentation of De La Salle University Chairman Francis G. Estrada during the 6th general membership meeting of FINEX was truly glaring – that the percentage of Filipinos living below the poverty line has remained almost unchanged in the past eight years. A report of the Asian Development Bank causes of the high incidence of poverty in the country that includes low
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What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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Poverty: Causes‚ Responses and Consequences in Rural South Africa Elizabeth Francis‚ April 2006 Development Studies Institute London School of Economics Houghton St London WC2A 2AE e.m.francis@lse.ac.uk CPRC Working Paper No. 60 Chronic Poverty Research Centre ISBN: 1-904049-59-1 Elizabeth Francis is a Senior Lecturer in Development Studies at the London School of Economics. Acknowledgements The research on which the case study is based was carried out as a collaborative project
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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Poverty Poverty has been on the rise in America‚ mainly because of the recession and now it is reaching new heights. Even though the government is trying to make more beneficial tax cuts‚ and find other various solutions‚ poverty levels continue to rise drastically. But to first find the solution ourselves we must first know what causes poverty and what it is. A simple definition of it is‚ poverty is the state of one who lacks a certain amount of material possessions or finances. Absolute poverty
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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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Mid Term Examinations of Spring-2013 semester Batch Fall-2012 will be conducted as per the following schedule: Bachelors of Business Administration BBA Day & Date Time Subject 09:00-10:00 English-II Friday‚ April 19‚ 2013 Financial Accounting 10:30-11:30 Fund. of Accounting 11:00-12:00 Math-II & Math-I Monday‚ April 22‚ 2013 03:30-04:30 Sociology 09:00-10:00 Business Statistics [Slate] Tuesday‚ April 23‚ 2013 01:00-02:00 History of Pakistan [Slate] Note: All Classes of BBA will be held on Tue 23 April
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