ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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ACC 421 – February 2013 Written Assignment 3 Chapter 4 Question 13 (who is the taxpayer?) Unfortunately Anita is not correct in her analysis because her and the attorney are not partners. That would make her gross income the full amount of the settlement‚ which is $480‚000‚ and because the settlement is associated with a discrimination lawsuit‚ she is allowed a $160‚000 deduction for AGI. Problem 31 (accrual versus cash basis)
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Module 3 DQ 1 Reflecting on your childhood‚ what types of barriers/disparities existed that limited your ability to lead a healthier life? Were there any short-term or long-term consequences? I lived in North Philadelphia when I was younger. There were many ways the community was not healthy‚ but one thing that is important to note is safety. Olney district of Philadelphia has one of the highest crimes in Philadelphia. Shootings‚ child molestations‚ and theft were common in the area‚ which limited
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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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Module In Introduction to Linguistic (CONJUNCTIONS) Submitted by Joana Jane D. Santos Year and Section BSEDE-3-1 Conjunctions Are….. Submitted to Ronald Allan Casido What is Conjunction? * A Conjunction is a word or phrases that connect other words or group of words. * Conjunction is like glue. It helps things to stick together. Example: I went to the market to buy milk‚ eggs and bread. * Conjunctions connect two prepositional phrases Example:
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Module 10 Aviation Legislation International Civil Aviation Organization (ICAO) Formed in 1944 in Chicago Part of the United Nations Members are sovereign countries (191 members) Purpose is to harmonize and improve the safety of the international standards in civil aviation Civil Aviation Authority (CAA) *UK Formed in April 1972 as the first unified and independent body controlling civil aviation. Air Navigation Order (ANO) A book which lays down the law of the land
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Module Three: Text Questions Review Questions 1. Explain the different forms of child abuse? Include Shaken Baby Syndrome in your response. The four different forms of child abuse are physical‚ emotional‚ sexual abuse‚ and neglect. Physical abuse is violence that is directed toward a child or an adolescent by a parent‚ adult‚ or guardian. Shaken Baby Syndrome (SBS) is an even more severe form of physical abuse that can be very dangerous if not deadly. Shaken Baby Syndrome is when a baby or
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Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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Student Name _Shernika Smith___ Class Section _____092S ______ Reading Module #1 On Your Own This activity gives you two reading passages with which to practice the Active Reading Strategies you learned in Reading Module #1. Directions: Complete the activity by reading each passage and answering the questions. Do not forget to spell check and proofread your work. When you have completed this activity‚ please upload it to the Dropbox for this week. Reading #1: The lie behind those
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