A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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The Army is an organization designed around complete structure and mandated directions that should be followed according to the Army Rules and Regulations. During my military career‚ I worked directly for a very loyal and dedicated Lieutenant Colonel (LTC)‚ Dr. Joseph Blanding. While he was very meticulous about following every rule and regulation‚ there was a situation at one of the units that required him to use his personal judgment and authority to make a decision for the best interest of the
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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Power Supply Regulation DC-DC voltage converters are often used to provide a regulated voltage supply from an unregulated voltage source. Unregulated voltage sources can be rectified line voltages that exhibit fluctuations due to changes in magnitude. Regulated voltage supplies provide an average DC output voltage at a desired level (3.3 V‚ 2.5 V‚ etc.)‚ despite fluctuating input voltage sources and variable output loads. Factors to consider when deciding on a regulated voltage supply solution include:
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More safety regulations for genetically modified foods. “The survey‚ released by researchers at Rutgers University found that more than half (53 percent) say they know very little or nothing at all about genetically modified (GM) foods‚ and one in four (25 percent) say they have never heard of them” (“Most Americans Pay Little”). Genetically modified food or for short GM foods are foods or products that have their DNA changer or altered with an injection of a new gene or trait so that the product
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teacher is present or not‚ values that express an upright nature‚ good morals‚ magnificent academics‚ and integrity. If I have not learned to embody all of these qualities yet it is no one’s responsibility but my own to obtain them. The rules and regulations of Ms. Miller’s classroom consists of no talking‚ no use of a cellular device‚ no chewing gum or eating food‚ no restroom breaks‚ and definitely no misbehavior whether she is present or not. The presence of a substitute calls for integrity and morals
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of the times‚ people find it difficult to understand the various accounting Concepts. In this coursework‚ I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept. WHAT IS MATERIALITY? Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB)‚ Securities and Exchange Commission (SEC)‚ General Accounting Office (GAO)‚ American Institute of Certified Public Accountants
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MAXIMUM PRICE REGULATION | | | Nguyen Thi Xuan Quynh - 1001584Nguyen Thi Kim Chau - 1001587 | | 24 November 2010 | | | INTRODUCTION There are various types of government policy using only the tools of supply and demand. Price control is one of the tools that policymakers usually apply when the market price of a good or service is unfair to buyers or sellers. In this case‚ the government will intervene to reduce the market’s failure. Economic Intervention has two kinds:
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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subject of government restriction. Therefore‚ every branch of our federal government has been involved in dealing with the drug problem in our society. The two ways of dealing with drug problems are regulation and prohibition. Regulation involves imposing taxes and restriction on a particular drug. Regulation is intended to increase the cost of the drug hoping to decrease its use without criminalizing it. On the other hand prohibition makes it illegal to sell or use a particular drug‚ because to do so
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