"Why accounting is not free from bias" Essays and Research Papers

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    Why men are from Mars and women are from Venus. Are there any differences on how women and men talk? This is a question many people ponder on everyday. It is easy to assume that because English belongs to the person who uses it‚ men and women would likely to talk the same way but that may not be the case. Linguistics experts had proven that shown that men and women communicate in different ways. Speech style‚ word use‚ and body language are apparent between men and women. Women focus more on making

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    According to Rabinowitz‚ “In the US‚ there are media watchdogs – many of them – at both ends of the political spectrum. FAIR (Fairness and Accuracy in Reporting)‚ tries to keep the media honest from the liberal side. The Media Research Center is its conservative counterpart” (20). However‚ the fact that there are two different sides separating the filtration and regulation of contents in the media makes it less effective and inefficient. For instance‚ if either one of the organizations is not doing

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    ACCOUNTING

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    assets. Fundamental First of all‚ why we have to make BDA? Balance day adjustments are therefore required to ensure the financial statements portray a correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred

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    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 of goods. – 7 Accounts payable (E) Amounts due from customers

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    ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked

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    Free-Response Questions from Past AP Exams 1999: 1. Is Congress effective in exercising legislative oversight of the federal bureaucracy? Support your answer by doing ONE of the following: a. Explain two specific methods Congress uses to exercise effective oversight of the federal bureaucracy. OR b. Give two specific explanations for the failure of Congress to exercise effective oversight of the federal bureaucracy. 2000: 1. The Constitution was an attempt to address problems of decentralization

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    Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding

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    ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized

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    CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1   The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2   Without consolidated statements it is often very difficult for an investor to gain an understanding

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    Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%

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