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As a practicing accountant, do you (did you) apply the reliability principle in order to complete/perform your job? Was it effective?
by whosonfirst on May 3rd, 2012
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no answers
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in Accounting Standards
What do you mean by the inclusion in annual reports?
by Answerbag Staff on March 24th, 2011
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one answer
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in Accounting Standards
Congress cut money for federal home heating assistance benefit (HEAP) $4.7 Bil to $3.7 bil. How did your Congressman vote? Is it okay?
by GibsonGuy on December 12th, 2011
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no answers
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in Accounting Standards
What does the CCAM test cover?
by Answerbag Staff on March 15th, 2011
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one answer
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in Accounting Standards
What do you mean by the inclusion in annual reports?
by Answerbag Staff on March 24th, 2011
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one answer
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in Accounting Standards
How many sections are on the CPA exam?
by Answerbag Staff on March 20th, 2011
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one answer
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in Accounting Standards
How many sections are on the CPA exam?
by Answerbag Staff on March 20th, 2011
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one answer
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in Accounting Standards
What is a sales invoice in accounting terms?
by Answerbag Staff on March 29th, 2010
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3 answers
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in Accounting Standards
When was the CPA exam initiated?
by Answerbag Staff on March 16th, 2011
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one answer
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in Accounting Standards
When was the CPA exam initiated?
by Answerbag Staff on March 16th, 2011
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one answer
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in Accounting Standards
What does the CCAM test cover?
by Answerbag Staff on March 15th, 2011
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one answer
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in Accounting Standards
What is sarbanes-oxley compliance?
by Answerbag Staff on March 6th, 2010
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one answer
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in Accounting Standards
Did anybody else notice Euthanasia sounds like "youth in Asia"?
by Piano playin unicorn with a hat ™ on November 17th, 2010
| 1 person likes this
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5 answers
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in Accounting Standards
How do i calculate gross profit margins?
by Answerbag Staff on May 5th, 2010
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one answer
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in Accounting Standards
Selling software via subscription without end term... how do I recognize revenue when I don't have a set upgrade schedule?
by annp314 on November 3rd, 2010
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no answers
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in Accounting Standards
How might EBIT be influenced by financial leverage at high debt levels?
by Answerbag Staff on February 10th, 2010
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one answer
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in Accounting Standards
We have preferred stock (with no apic). What should I do with the PS issuance costs, legal fees? I can't decrease APIC, bc we have none.
by lmt2010 on November 1st, 2010
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no answers
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in Accounting Standards
Would a cereal manufacturer use process costing rather than job-order costing?
by Answerbag Staff on April 4th, 2010
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one answer
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in Accounting Standards
On a balance sheet, how do you estimate office supplies used in a time period? Is there a formula?
by kekreutzer on August 4th, 2010
| 1 person likes this
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3 answers
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in Accounting Standards
Does retiring an asset have any income or impact in accounting?
by Answerbag Staff on January 27th, 2010
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one answer
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in Accounting Standards
How do i calculate gross profit margins?
by Answerbag Staff on May 5th, 2010
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one answer
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in Accounting Standards
Why does GAAP require more than one financial statement?
by Answerbag Staff on March 10th, 2010
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one answer
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in Accounting Standards
WE SOLD THE ASSETS OF OUR BUSINESS AND I NEED TO BOOK THE SALE OF THE ASSETS AND I WANT TO DO IT CORRECTLY. SHOULD I BOO IT TO CASH AND A/R?
by KELLYANN8982 on April 6th, 2010
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one answer
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in Accounting Standards
What is a credit in an accounting report?
by Answerbag Staff on December 19th, 2009
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one answer
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in Accounting Standards
Would a cereal manufacturer use process costing rather than job-order costing?
by Answerbag Staff on April 4th, 2010
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one answer
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in Accounting Standards
What is a sales invoice in accounting terms?
by Answerbag Staff on March 29th, 2010
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3 answers
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in Accounting Standards
Why does GAAP require more than one financial statement?
by Answerbag Staff on March 10th, 2010
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one answer
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in Accounting Standards
What is sarbanes-oxley compliance?
by Answerbag Staff on March 6th, 2010
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one answer
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in Accounting Standards
costing of a terry towel
by Bergkamp2010 on February 22nd, 2010
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no answers
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in Accounting Standards
How might EBIT be influenced by financial leverage at high debt levels?
by Answerbag Staff on February 10th, 2010
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one answer
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in Accounting Standards
Does retiring an asset have any income or impact in accounting?
by Answerbag Staff on January 27th, 2010
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one answer
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in Accounting Standards
What is a credit in an accounting report?
by Answerbag Staff on December 19th, 2009
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one answer
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in Accounting Standards
Do we need to change date for revised invoice? My concern is Date changes will capture the sales in the incorrect month.
by WMY on November 21st, 2009
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no answers
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in Accounting Standards
If i forget to book an expense in 2007-2008 fiscal year, how should i correct it in the next fiscal year? for example i forget to book 5000$ stationery expense, what should be the treatment of this? actually i want to clear prior year adjustment concept.
by Moonzy on October 29th, 2009
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no answers
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in Accounting Standards
According to Statement of Financial Accounting concepts no.2, which of the following relates to both relevance and reliability??
a) Materiality
b) Understandability
c) Usefulness
d) All of these
thanks
by Pammi on October 23rd, 2009
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no answers
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in Accounting Standards
#1--Is it necessary for a Finance Manager(CFO) to understand Accounting if the firm has a professional accountant (CPA) on staff? Why or why not? #2--Imagine that you inherited $50,000. & you want to invest it to meet 2 of your financial goals: (1) to sav
by denise37 on September 8th, 2009
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no answers
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in Accounting Standards
Does an accountant have a duty of confidentiality to his client
by Anonymous on August 5th, 2009
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2 answers
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in Accounting Standards
Isn't the cash basis method simpler?
by enniself on May 6th, 2009
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3 answers
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in Accounting Standards
Identify the accounting conventions which would be used to determine the appropriate accounting treatment of each situation:
(a) The owner of a business pays for a holiday out of the business bank account.
by Anonymous on May 2nd, 2009
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no answers
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in Accounting Standards
What would the difference be if accounting standards were set by the government rather than an accounting board/committee?
by ginacoop on January 25th, 2009
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one answer
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in Accounting Standards
To which account do i post a loan to an employee
by Anonymous on January 15th, 2009
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one answer
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in Accounting Standards
If you are a CPA in one state, and then want to move to a different state, but they had a higher requirement to sit for the CPA exam, is there any way you can bypass having to take more college hours? Suppose you have been a CPA for a few years?
by GwendolynD on December 7th, 2008
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one answer
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in Accounting Standards
How Sarbanes-Oxley will affect privately held companies? In other words, what would motivate these companies to spend to upgrade their systems for these compliances?
by ehall19 on December 3rd, 2008
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one answer
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in Accounting Standards
If the company change inventory method from FIFO to LIFO, which period required disclousre?
Prior period, current period, current or subsequent period or restatement needed?
by Chuchu on August 13th, 2008
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no answers
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in Accounting Standards
Malissa is an accountant. Sometimes printouts of financial statements have errors and are not usable. Malissa doesn't like to waste anything, so she takes the unusable financial statements to her son's day care center to use for drawing paper. Explain why
by George on June 22nd, 2008
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2 answers
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in Accounting Standards
How does the credit sales entry will be posted in journal entry,
by Thithiksha on June 11th, 2008
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2 answers
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in Accounting Standards
According to GAAP, when should the loss on a uncollectible account receivable be recorded as an expense?
by The Doll on May 4th, 2008
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no answers
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in Accounting Standards
Who is an accountant
by Anonymous on April 29th, 2008
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4 answers
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in Accounting Standards
Anybody who has expert in accountiung , when a firm achieve profits whether a partnership or a corportaion , can we distribute the whole profit cash ? i know its an accrual profit not cash profit ,and what r the cases in whicj i detriment my capital
by do7moud on February 23rd, 2008
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one answer
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in Accounting Standards
Do homeowner's associations have to publicly account for how they spend the funds accrued?
by the big boo on May 30th, 2007
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one answer
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in Accounting Standards
Financing accounts receivable and inventory is known as?
a. equity financing
b. long-term financing
c. capital financing
d. working capital financing
by Anonymous on February 17th, 2007
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3 answers
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in Accounting Standards
I am 40 and make $42,000 per year, if I want to maintain my current standard of living how much should I have in my 401k account today?
by Anonymous on February 5th, 2007
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one answer
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in Accounting Standards