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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What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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definition of sustainability and sustainable development should be concerned. The paper (IISD 2012) outlines sustainable development (SD) refers to the development that meets human needs and benefits not only for present but also for future generations. Especially‚ sustainability is widely known in finance area through higher education. In the case of sustainability in higher education‚ generally speaking ‘education for sustainability’ (EFS) and ‘education for sustainable development’ (ESD) regards
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United Nations Development Programme CASE STUDIES OF S U S TA I N A B L E D E V E LO P M E N T I N P R AC T I C E TRIPLE WINS FOR SUSTAINABLE DEVELOPMENT United Nations Development Programme C A S E S T U D I E S O F S U S TA I N A B L E D E V E LO P M E N T I N P R AC T I C E TRIPLE WINS FOR SUSTAINABLE DEVELOPMENT United Nations Development Programme June 2012 Copyright © 2012 United Nations Development Programme. All rights reserved. This publication or parts of it may
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interest to our registered students preparing for both the manual and computerised tests of competence together with serving as a refresher for those of you as members in practice that need to deal with the practical application of this interesting concept. If you are waiting for the results of the October examinations‚ I do so hope that your journey was successful. Dr Philip E Dunn Editor Head of Education Trainee Certified Bookkeepers need to develop competence in the procedure for writing off
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information modeling for sustainable design and LEED® rating analysis Salman Azhar a‚⁎‚ Wade A. Carlton a‚ Darren Olsen a‚ Irtishad Ahmad b a b McWhorter School of Building Science‚ Auburn University‚ Auburn‚ AL‚ USA Department of Construction Management‚ Florida International University‚ Miami‚ FL‚ USA a r t i c l e i n f o a b s t r a c t Today‚ there is a high level of demand for sustainable buildings. The most important decisions regarding a building ’s sustainable features are made during
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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TITLE PAGE INCOME TAX Assessment - Report writing NAME: xxxx xxxx STUDENT NUMBER: xxxxxx HND Accounting TUTOR: xxxx xxxx DATE: April 2012 ACKNOWLEDGEMENTS. I would like to thank my tutor‚ xxxx xxxx for the valuable advice and support given to me to enable me to write my report. INTRODUCTION. The purpose of this report is to fully evaluate Katy’s situation by providing detailed information about the different issues regarding employment and self-employment to enable her to determine
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Economical development has a direct relationship with pollution. The nature has resources that are limited and can be depleted over the years. It includes the elements underground‚ everything over ground (forests‚ animals‚ waters‚ energy). Human on the planet interacting with the nature in a way that affects the natural resources left for the future generation without considering that resources are limited. Energy is a fundamental unit in our lives‚ we cannot live without it. Although there has
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Chapter 2—The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis TRUE/FALSE 1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment. ANS: F PTS: 1 DIF: Medium REF: 36 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment 2. The external environment facing business stays relatively
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