The accruals and going concern concepts are regarded as fundamental in the preparation of financial statements. Discuss the advantages and disadvantages of these concepts‚ explaining the reasons why these concepts may be difficult to apply or may be inconsistent with other concepts. Accounting statement and records are a periodic summary of account activity within a period and the documentations involved in the preparation of it (Thomas and Ward‚ 2012: 4). They are done based on a set of rules developed
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Forum: Main Week 1‚ DQ 1 * Post New Thread * Print Page * Close Window Posted: 7/6/13 6:33 AM‚ by: Jennifer Friedrich‚ Ph.D. (jfriedrich1@email.phoenix.edu) Post a 50-150-word response to the following discussion question by clicking on Reply: If you were to introduce yourself by the ethnic‚ racial‚ or other identities to which you feel you belong‚ what would you say? Do you consider yourself a “typical” American? Why or why not? Dr. Jennifer Friedrich Faculty University
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UOPHOMEWORKS http://www.uophomeworks.com ACC 220 Entire Course http://www.uophomeworks.com/downloads/acc-220-entire-course/ Author : Sarah Keller ACC 220 Week 1 Checkpoint Career Opportunities CheckPoint: Career Opportunities Visit the U.S. Department of Labor‚ Bureau of Labor Statistics at http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field. Visit www.careers-in-accounting.com for additional details such as salary expectations and general job expectations.
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Direct and Indirect Cash Flow Cassandra Stewart ACC 291 June 18‚ 2014 Susan Schulz / Direct and Indirect Cash Flow Differences between direct and indirect cash flow are just what they seem. Direct statement of cash flow identifies a company’s sources and uses of cash. This cash flow has three sections that include operating‚ investing‚ and financing activities. Operating activities includes receipts and payments from normal business operations. Investing activities include the purchase
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a good thing and we have way too much of in this country. There are so many different types of individuals and people with attitudes that it makes it very hard for us to take sides on a particular subject. I myself struggle with this on a daily basis. I would have to say that the causes of discrimination are the schooling that one receives if they attend college‚ health care‚ type of job that they carry and how much income the person makes. Discrimination is something that we all carry inside
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IT/284 Week 9 Capstone Checkpoint: Establishing Seamless Support Establishing Seamless Support Enterprise computer support has experienced on-going development to better serve various consumer bases. Write a 200- to 300-word response encompassing strategies that would help minimize miscommunication between the two parties. What components of the problem solving strategy have the greatest effect within a computer support atmosphere? Miscommunication occurs often between two parties depending
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Cash and Cash Equivalents Cash This includes money and other negotiable instrument that is payable in money and acceptable by the bank for deposit and immediate credit. Examples are bills and coins‚ checks‚ bank drafts and money orders. To be included or considered as cash‚ it must be unrestricted as to use‚ meaning‚ it must be readily available for use or payment of current obligations‚ thus‚ not subject to contractual or legal restrictions. The following items are included in “cash”:
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P2-6B Condensed balance sheet and income statement data for Fellenz Corporation are presented below. FELLENZ CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $40‚000 $24‚000 Receivables (net) 90‚000 55‚000 Other current assets 74‚000 73‚000 Long-term investments 78‚000 60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and
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The accounting equation is an equation that includes the Assets‚ Liabilities‚ and Stock of a company. These three attributes determine the value of a company. This value is used to file the company’s taxes. When the value is figured by the accounting equation‚ investors can determine a possible return on their investments. Assets are resources owned by a business. Liabilities are the debts and obligations of the business. Liabilities represent claims of creditors on the assets of the business
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Week Four Team Reflection Tara Bolton‚ Misty Lambou‚ Kenneth Maxwell‚ Jeanette Platt ACC/422 November 26‚ 2012 Instructor: Don Minyard Week Four Team Reflection During Week Four Team D discussed the objectives learned in Week Three. In the following paragraphs‚ Team D will provide examples of the effect of using different depreciation methods and its effects of decision-making by the management. Team D will also analyze why reporting intangible assets are challenging for accountants. Depreciation
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