Consistency principle Guías de estudio, Notas de estudios & Resúmenes

Accounting Crash Course V4 Wall Street Exam Prep Questions with complete Answers Latest Updated 2024/2025 | Scored A+. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performa...

Social Change ANSWER : A society adopts a new belief of way of behaving which eventually widely becomes the norm Social Change Through Minority Influence ANSWER : 1. Drawing attention to the issue 2. Cognitive Conflict 3. Consistency of position 4. The augmentation Principle 5. The snowball effect 6. Deeper Processing Cognitive Conflict ANSWER : A conflict between what majority believe and the beliefs put forward by the minority, to make majority think more deeply The augmentation...

Materiality CORRECT ANSWER The dollar magnitude of the transaction makes a difference in how it is recorded. Record as an expense not an asset. No party would be mislead. Ex. buying a 10 dollar trash can Monetary Unit CORRECT ANSWER Only transactions that can be expresses in terms of money can be included in the accounting records. Time Period Assumption CORRECT ANSWER The long life of a company can be reported over a series of shorter time periods. Makes it possible to prepare the income...

Enterprise Risk Management (ERM) - includes methods and processes used by organizations to manage risks and seize opportunities related to the achievement of objectives Risk Oversight - the board's supervision of the risk management framework and risk management process Risk Management - the responsibility(s) of a company's management team in relation to risk understanding an organization: step 1 - identifying the organization's objectives, stakeholder obligations, statutory duties, and...

Improvement in golf skill performance due to increased strength and flexibility as a result of participation in a fitness program is evidence that learning has taken place. - ANSWER False A common mistake in teaching is the expectation that the student will be able to learn a skill from a verbal suggestion - ANSWER True Autonomous learning is the first phase of learning a student will pass through when learning a new golf skill. - ANSWER False Effectively inhibiting unwanted movements i...

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

Accounting for Decision Makers - C213 Practice Questions and Answers 100% Pass Accounting - Correct Answer ️️ -A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." American Institute of Certified Public Accountants (AICPA) - Correct Answer ️️ -The professional organization of certified public accountants in the United States. Balance Sheet - Correct Answer ️️ -Docu...

Accounting Crash Course Exam V4 Wall Street Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. Why is Accounting Important?: Enables managers to make corporate decisions Enables the general public to make investment decisions 3. Who Uses Accounting?: Used by a variety of organizations - from the federal government to non-profit organizations to small businesses to corporations We will discuss accounting rules as they pertain to publicly-traded companies Accounting Crash Course...

PHED 1000 Final Exam Questions and Answers Already Passed Which sense is not involved in neuromuscular coordination? Smell Regular physical activity and increased physical fitness have been shown to increase serotonin levels in the brain. True The demand on the cardiorespiratory system is greater when the percentage of body fat is high. True _________ is the ability to perform a particular movement very rapidly. Speed As we age, recovery from vigorous exercise requires a shor...

Praxis - Art 5135 Latest Version Already Passed Tempera Combined with pigment to give it a fluid consistency so that it can be used as paint Kaolin Clay Used to create pottery with a translucent, porcelain-like finish. It is fired at very high temperatures to produce fine, translucent pottery used for fine china. Terracotta Clay that is a reddish or brownish-orange in color Stoneware Clay that produces darker, opaque pottery Raku A Japanese method for firing clay Stone Plat...