IMPORTANT NOTE: The course is currently on hold and not accepting applications at this time. Please check back for future updates or contact your Center Training Office. BEP is designed to provide NASA leaders with a basic knowledge of business strategy, finance and alliance management and a familiarity with NASA’s business environment. Through a combination of lecture and hands-on instruction, participants are presented fundamental business concepts and the opportunity to apply these concepts
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American InterContinental University FINA-310-1301A-02: Professor Michael James February 12, 2013 The three forms of business organizations are sole proprietorship, partnership, and a corporation. A sole proprietorship is a business that is owned by only one person. This is the easiest and less complicated type of business due to the fact that not a lot of paperwork is required. The biggest advantage of this type of business is that the individual who owns the business makes all of
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Glossary oF Accounting, Finance and Economic Terms Accounting – pages 1‐7 and 8 Finance – page 7 Economics – page 7 ACCOUNTING: http://www.alpineguild.com/glossary_of_important.htm Account ‐‐ a record of financial transactions; usually refers to a specific category or type, such as travel expense account or purchase account. Accountant ‐‐ a person who trained to prepare and maintain financial records. Accounting ‐‐ a system for keeping score in business, using dollars. Accounting peri
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ABB v Comptroller of Income Tax [(2010) MSTC 70-000] The appellant is the widow of an employee taxpayer and brought the appeal in her capacity as the executrix of his estate. Prior to his death, the taxpayer was granted share options in several companies in a group of related companies. The various share option schemes were administered by Executive Committees which had the discretion to allow a participant to retain share options which would otherwise have lapsed, vary the number of shares
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Chewco Investments LP was created in November 1997 to buy the 50 percent interest owned by CalPERS, the California Public Employees’ Retirement System, in a joint venture investment partnership called Joint Energy Development Investment Limited Partnership (JEDI). JEDI had operated since 1993 as a nonconsolidated SPE. Enron wanted to create a larger unit with capital of $1 billion, and CalPERS asked to be bought out. Chewco was created as a vehicle to attract a a replacement for CalPERS and to buy
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organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types. Write a paper of no more than 1,250 words discussing your small-business idea. Include the following: The advantages and disadvantages of the different forms of business organization, which include the following: Sole proprietorship Partnership C corporation S corporation The different types of financial statements
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business organization? a. Sole proprietorship. b. Creditorship. c. Partnership. d. Corporation. | | | 2. | (SO 1)Which is an advantage of corporations relative to partnerships and sole proprietorships? a. Lower taxes. b. Harder to transfer ownership. c. Reduced legal liability for investors. d. Most common form of organization. | | | 3. | (SO 2)Which statement about users of accounting information is incorrect? a. Management is considered an internal user.
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is a Limited Liability Partnership, Limited Partnership, Limited Liability Company, S corporation, C Corporation, or a Business Trust. Within each of the different organized entities federal law has provided each organization with separate and distinct procedures in accounting for its assets in relation to its tax liability (Drucker, 1989). Limited Liability Partnership A limited liability partnership more commonly known as a LLP engenders aspects of both partnerships and corporations, two entities
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proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. I contrast, a corporation is a legal entity n created by a state. The corporation is separate and distinct from its owners and managers. b. In a limited partnership, limited partners’ liabilities, investment returns and control are limited, while general partners have unlimited liability and control. A limited liability partnership (LLP), sometimes called a limited liability company
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Waterman, In Search of Excellence, 1982 Ann Hopkins was nominated for partnership at Price Waterhouse in August 1982. A senior manager in the firm’s Office of Government Services (OGS) in Washington, D.C., Hopkins specialized in large-scale, computer-based systems designed for government agencies. Her 1982 partnership class included 87 other candidates; Hopkins was the only woman in the group. Price Waterhouse offered partnerships to 47 of them, rejected 21, and placed 20, including Hopkins, on hold
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