ACCOUNTING ASSUMPTIONS‚ PRINCIPLES‚ AND CONSTRAINTS Phil Toms March 29‚ 2013 The basic assumptions are monetary unit assumption and the economic entity assumption. The monetary unit assumption requires that companies include in the accounting records only transaction data that can be expressed in terms of money. This assumption enables accounting to measure economic events. The monetary unit assumption is vital to applying the cost principle. An economic entity can be any organization
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“Dysfunctional Family and its Impact to the Teenagers Adjustment” Members: Krizette Ladera Jamela Parnala Nina Rentoria Khim Ruivivar INTRODUCTION: When we say “Broken family” what does it mean? Does it mean a family that consist a father‚ mother and a children? Or a family that is incomplete? Well‚ you see a broken family refers to a family who has been separated or divorced. This research will provide the readers the answers to the common questions that are being asked to the adolescence
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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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Many people commit mistakes in their lives that cause them to have a criminal record. One in three people in the U.S have committed a crime that caused them a lot in their lives. Having a criminal record makes many people not have a job‚ visit other countries‚ adopt a child and have a harder time if they have to go to court in the future. This is a world wide problem that only this year people are trying to solve. Many states have passed laws that help ex convicts have a better life by increasing
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CNERGY ARCHIVES 6.2 NON PUBLIC AREA 6.2.1 Security post LEISURE AREA NEWSPAPER AREA WORKING AREA TOILET Functions This security post is specially designed for the security guard of Cnergy Archives. The security guard is the person who responsible for guarding our archives day and night. In fact‚ this security post can support up to two people at one time. Page 188 CNERGY ARCHIVES List of equipment In Cnergy Archive (CA)‚ there is several equipment are
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Chapter 1 & 2 Summary Accounting is a process of identifying‚ measuring‚ and communicating economic information to permit informed judgments and decisions by users of the information. It is a service activity and the language of business. Its main function is to provide qualitative information that is intended to be useful in making economic decisions. The Accounting process is a series of repetitive activities of recording‚ summarizing and reporting economic transactions from the beginning
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Electronic Medical Record in the sport medicine field The sport medicine and a demanding and competitive field for any clinician on the field. It require daily updates of athletes’ injuries statues and progress in the treatment and rehabilitation progress. The sport medicine team is constituted by team physician‚ athletic trainer‚ coaches‚ psychologist‚ athlete‚ and parents. Due to the amount of personnel involved in the sport medicine team‚ the communication within the team is vital for the functioning
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8 Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise
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Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability to apply numerical
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Historical cost accounting Advantages • Historical cost accounts are straightforward to produce • Historical cost accounts do not record gains until they are realized • Historical cost accounts are still used in most accounting systems Disadvantages • Historical cost accounts give no indication of current values of the assets of a business • Historical cost accounts do not record the opportunity costs of the use of older assets‚ particularly property which may be recorded at a value based
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