will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Odysseus’ Strengths and Weaknesses The Odyssey by Homer is a metaphor for one man’s spiritual quest. Throughout the story Odysseus develops and growth. Odysseus learns how to use his brain instead of his hands. He starts to listen to the advices of different people. He also finally understands the advice given by the blind prophet Tiresias: "It is the journey‚ not the destination." At the beginning of the story Odysseus has some weaknesses that prolong his voyage back to Ithaca. His most important
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Every leader has their own strengths and weaknesses which is a reason that I believe SGA works really well. By combining all these strengths and weaknesses‚ we make an amazing team that works really well together and have accomplished so much. Throughout my two years of being apart of SGA‚ I have improved my qualities and skills of a leader; I’ve also learned many ways of becoming a better leader for the school. I definitely have the commitment and the motivation to do SGA again because SGA is a
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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Apple Company SW Analysis Abstract This paper will attempt to identify the strengths‚ weaknesses‚ of the Apple Company; a multimillion dollar technological company. There are several aspects of the Apple Company that makes it strong in the industry however there are also areas of weakness that makes the company vulnerable to its competition. This paper will outline the company’s strengths and how it dominates in this ever changing technological world. At the same time this paper will outline the
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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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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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product; we’re here to make the product affordable.” William Wang‚ CEO‚ Vizio. The strength of Vizio’s success lies in its existing distribution and sales networks‚ reduced labor costs‚ and high profitability‚ amongst many other things. Its weaknesses include but are not limited to‚ cost structure‚ small business units‚ limited productivity‚ and the possibility of higher loan rates. Vizio has opened opportunities for new products and services.
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After reading the article‚ I think Wisniewska demonstrated many strengths and weaknesses during the Hurricane Irma situation. First‚ I think most importantly two of her strengths were making sure that she stayed updated as the storm became closer to Florida in addition to walking around the campus to check the status of situations that were going on with students. I believe that Wisniewska was very concerned enough about the students to go ahead and make the decision to cancel classes. She wanted
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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