Accounting Principles The general rules and concepts that govern the Accounting filed are referred to as the Principles of Accounting. The Financial Accounting Standards Board (FASB) using the groundwork of principles and guidelines has formulated these rules. They lay the foundation for sound and ethical accounting practices. The GAAP (Generally accepted accounting principles or "GAAP") consists of three important sets of rules: • The underlying accounting principles • The rules and standards
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Trident University International MGT499 – Strategic Management Module 1 SLP Core Professor: Dr. Sara Garski This is a leading global food service retailer with more than 33‚000 local and global restaurants. McDonalds was my chosen business for this project‚ because this is a major franchise that started out as a BBQ establishment‚ that grew into a major hamburger franchise over a extended period of time. I think that by analyzing the strategic planning process of McDonalds‚ I will
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PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has
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112: PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting Standards
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which of the following? Selected Answer: a normal female Question 3 1 out of 1 points What happens during an asthma attack? Selected Answer: Airways in the lungs tighten and restrict air flow. Question 4 1 out of 1 points A chronic condition of low blood sugar that is not caused by diabetes is called Selected Answer: hypoglycemia. Question 5 1 out of 1 points Which of the following is NOT a serious medical problem associated
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The role of accounting is to allow business owners to make informative decisions. The main objectives of accounting are to maintain a record of business transactions‚ calculate profit and loss and depiction of financial position. Recording business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet
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important to understand the concepts of Financial accounting process in ERP using SAP. (At least one paragraph) Financial and Managerial Account is a part of financial accounting. Maintaining Payroll data‚ processing payroll‚ maintaining General ledger for a company and generating reports for external parties is part of Financial Accounting Module. Since SAP follows centralized data management system‚ the data maintained by SAP for accounting and payroll is correct and acquires data
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INTRODUCTION Magna was one of the oldest privately-owned insurance companies in the country. New CEO was appointed and he emphasized on team working which was an alien practice for the company. Also few more new concepts were to be operated. They are‚ * Corporate vision and strategies/business objectives for next 05 years. * Creating customer friendly process. * Introduction of latest technology. * Motivating internal staff through extrinsic motivation. * Promoting team work
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WHAT TO EXPECT IN THE CLASSROOM The One and Only YOUNG DRIVERS . Not only your licence‚ your licence to survive. ® Welcome to the world of YOUNG DRIVERS. The Young Drivers/ Collision free! Approach to Driving‚ program thoroughly provides each student with realistic and relevant strategies and tactics for safe driving. The in-class sessions cover the following topics : The keys to becoming a better driver -- The driving environment -- The psychology of learning -- Introduction to Collisionfree
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change recorded in the value of the asset since acquisition. In this manner‚ the accounting report does not demonstrate genuine value of assets. Historical cost is reprimanded for its mistake since it may not reflect current market valuation. As indicated by GAAP standards‚ fixed assets ought to be at historical cost less accumulated depreciation.
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