QUESTION 1 A. “Expenses in accounting is defined as a reduction of asset of company which is used to create revenue.” (Pizzey, 1998). Expenses may be an amount immediately consumed for purchasing an item and recorded when the expenses incurred, such as salary, material, electricity bill. In addition, “the expenses would be from fixed asset over a long period as a form of depreciation”(Seal, Rohde, Garrison, & Noreen, 2015). On the other hand, “the prepayments which are not expired are recognized
product or service to be develop. We can also incorporate leadership program that involve people with backgrounds or even from different sectors of the tourism industry in order to solve the problem. During this process, we give everyone a chance to be creative, to participate and to share
Introduction The murder case of Orenthal James Simpson or officially known as the People of the California state versus O.J. Simpson, was a crime trial performed in the California Superior Court in the county of Los Angeles that lasted from the confirmation of the primary jury on November 2, 1994, the opening statements that happened on January 24, 1995 and the judgment that was given on October 3, 1995. Former actor and American football star O.J. Simpson was sentenced on two murder counts after
of the companies are lack of communication language especially English which is considered as international language. In order to solve the communication problem, the company will outsource customer support particularly phone support. Secondly, accounting is well-adapted from most of the companies because it involves a standardized methodology. Therefore the employee can use it for financial recording conveniently. Other than that, the company can focus on its core activities without worrying on
28, Northwestern University economics Professor Arthur Andersen started the accounting firm Arthur Andersen & Co. Arthur Andersen as an accounting firm to offer certification for corporate balance sheets 1. Arthur Andersen & Co. created an initial setup of the consulting unit when it formed the Administrative Accounting group in 1942. The Administrative Accounting main tasks were developing systems related to accounting , and different methods and procedures for Arthur Andersen clients. In the
CHAPTER TWO: REVIEW OF RELATED LITERATURE This section presents a brief review of existing theoretical and empirical literature of tax and tax administration. This review of literature establishes the framework for the study and high lights the noticeable strength and weakness of previous studies, which in return help in clearly identifying the gap in the literature and formulating the research question for the study. 2.1. Definitions and Concepts of Tax Taxes are a portion of private wealth, exacted
1.1 INTRODUCTION TO THE STUDY Asset Management involves the corresponding of costs, opportunities and risks against the desired performance of assets, to achieve the organizational objectives. This harmonizing power need to be considered over different time frames. Asset also enables an organization to examine the need for, and performance of, assets and asset systems at various levels. Additionally, it enable the application of analytical approaches towards managing an asset over the