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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Dan Stenson Professor Gettys Academic Writing 4/24/12 Importance of Forensic Accounting Business has been around for thousands of years with people buying‚ selling/ trading food‚ animals‚ and jewelry just to meet their own standards of living. Business fraud has been around for just as long as business has. Every person to this day and in the future was and will be looking for ways to save and earn money. The best know earliest case of fraud deals with the whites and Indians in 1626 with
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Origins / Personal background of General Patton George Smith Patton Junior was born on the 11th of November 1885 in San Marino‚ California. Patton’s family were wealthy and lived on a 2000 acre property. His family background was of Scottish-Irish and English descent‚ and nearly all of his late ancestors had served in the military from the American Revolution to the American Civil War. During his early childhood‚ Patton struggled to read and write‚ however after some time‚ he was able to overcome
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The article “On board with gender diversity” by Angela Hotham summarizes some of the challenges women face which prevents them from being fairly represented at the board level in organizations. She defines the issue and supports her arguments by researching organizations and their practices to understand reasons why women are under represented at the board level. Her analysis exposes organizations which are dominated by male board members who tend to hire their own like - minded individuals when
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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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The Role of Testing Employees OMM618: Human Resources Management Date: 4/9/2013 Introduction The workplace testing has become increasingly popular. Employers screen their workers in an effort to try to figure out who is best for the position or for the promotion at hand. As long as a test is design to predict an employee’s actual ability to do the job. An employer can generally require typing test for clerical jobs or strength tests for position requiring those skills. Employee
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UNIT 3 GENERAL INSURANCE General Insurance: Principles‚ products (Fire‚ Marine‚ Motor vehicles‚ public liability‚ third party insurance‚ medi-claim and health policies‚ group insurance‚ burglary insurance). 1 Sunil Kushwaha INTRODUCTION Insurance is an important aid to minimize the effect of uncertainties of life as well as property. With the increasing complexities in our personal and professional life‚ the range of risks that the insurance companies accept has also expended
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earning political gains for the “tough on crime” politicians. In a country with a population being 13% African American‚ an increasing rate of prisoners are African American women‚ which makes one half of the population in prison African American. Angela Davis argues in the book Are Prisons Obsolete? that African American incarceration rates can be linked to the “historical efforts to create a profitable punishment industry based on the new supply of ‘free’ black male laborers in the aftermath of
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General Interest Essay: Unit Three Project The Unit Three project—an opportunity to inform your audience about a group you belong to—consists of three parts: 1) cover letter addressed to me that discusses your writing‚ revision‚ and reflection processes during the entire third unit and while writing your essay‚ 2) general interest essay aimed at a general reader (or layperson)‚ in which you will research and report on a group that you belong to‚ and 3) all Unit Three materials. You are part
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DEFINITION: General cargo space or bale space the volume of the cargo holds that can be used to carry general cargo General Cargo ship has holds on the main deck and also has tweendecks‚ where cargo can be stacked atop or beneath them. TYPE OF CARGO INCLUDED These spaces can be filled by: * breakbulk cargo - variety of goods that must be loaded individually‚ is transported in bags‚ boxes‚ crates‚ drums‚ or barrels. This type of cargo is called “loose cargo” * unitized cargo.- uniform
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