3101AFE TUTORIAL 1 – Semester 1 2014 Deegan Topic 1 Introduction to financial accounting theory 1.1 What is the difference between a positive theory of accounting and a normative theory of accounting? 1.6 The IASB and the FASB are currently developing a revised conceptual framework of financial reporting. If you have been asked to review the framework—which is an example of a normative theory of accounting—why would it be important for you to pay particular attention to how the objective
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Capital Structure and Profit Capital Structure Definition A unite of a company’s long-term debt‚ specific short-term debt‚ common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds. Debt comes in the form of bond issues or long-term notes payable‚ whereas equity is classified as common stock‚ preferred stock or retained earnings. Also‚ Short-term debt such as working capital requirements is considered
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re-instituted into the Peninsula‚ mainly through the Roman Empire with a system now called feudalism‚ creating a new city. Bringing about the flowering of architecture‚ literature‚ religion‚ education‚ and art‚ the Printing Press was perhaps the most important development of the Renaissance. Rulers during the 13th century were referred to as Merchants. It was not uncommon to often hear that people bought their way to power. Many well-known families‚ like the Medachi‚ went from owning businesses
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When people grow they change‚ some for the better and some for the worst. People have changed all throughout history as they go and experience adventures or do something dramatic in their life. In the story Huckleberry Finn by Mark Twain‚ a young boy‚ named Huck transforms and changes into an adult. Twain shows how Huck’s morals change as he escapes from his Pap with a runaway slave named Jim. Likewise‚ because Huck’s father raised him with such little morals‚ he was able to learn much more about
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had lost some of its nitrogen. This time the balloon went up 3‚000 meters or 9‚843 feet. He went up so high he saw the sun again. When his ears began to ache from the pressure he used the valve he had invented to release some of the hydrogen. After his ascent he was quoted as saying‚ “Nothing will ever equal that moment of joyous excitement which filled my whole being when I felt myself flying away from the earth. It was not mere pleasure; it was perfect bliss. Escaped from the frightful torments of
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unclean and disorderly. The nurses were poor‚ unskilled‚ and had bad character. One woman saw these unhealthy conditions and sought to change them. Florence Nightingale was a nurse who changed the way hospitals work and saved a lot of lives. Her faith in God helped her overcome obstacles‚ including her parent’s disapproval. Florence Nightingale did a lot of things when she was alive. Like the stuff she changed‚ helping during the Crimean War‚ and a fundraiser (that was for her). She changed hospitals
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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trying test or experience. When going through a test people sometimes might change in ways that alter their lives. Characters in the book The Crucible saw themselves change while undergoing a sever test. These people did not understand how much they were really changing and how it would effect them for the rest of their lives. Rev. Parris thought of himself mostly but would learn to change. Rev. Hale is in expert in witchcraft and is convinced that there are witches in Salem when he first arrives‚ but
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into the next period. -capital is a permanent account. -the closing process zeroes out all revenues and expenses. -current assets will be used up or converted to cash within one year or the businesses operating cycle‚ whichever is the greater. -when a company is purchasing inventory‚ and pays early to take advantage of the purchase discount offered by the vendor‚ that amount is credited to the inventory account. -inventory are the items held by a company to be sold to customers. -net sales revenue
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The Diversity Profit Equation Corporate White Paper Written By: Craig B. Clayton‚ Sr. Published By The Diversity Profit Rutgers University - Paper Attached Journal – “The Diversity Factor” Equation dPE This document explains the process of calculating the impact of Diversity and Inclusion efforts on the organizations top line‚ bottom line and pipeline. It was written by Craig B. Clayton‚ Sr. one of the worlds leading experts on D&I and ROI. He holds a process patent on the Diversity
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