BASIC ACCOUNTING CONCEPTS AND BUSINESS STRUCTURES Derwin N. Johnson ACC/537 OCTOBER 6, 2014 MR. JAMES NEUNER BASIC ACCOUNTING CONCEPTS AND BUSINESS STRUCTURES This paper will discuss the basic accounting concepts and business structures used in today’s business practices. In this paper I will discuss four topics. I. Identify and describe the sources of G.A.A.P. and identify the sources and explain the importance of the hierarchy. II. Describe effective accounting information using
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Basic Accounting Concepts and Business Structures Danny Silvio ACC/537 10/10/11 Professor Basic Accounting Concepts and Business Structures Generally Accepted Accounting Principles The sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements are prepared by the Financial Accounting Standards Board (FASB). The standard categorizes the major sources of GAAP as being FASB Standards, Interpretations
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However, there are very distinct differences in their culture and business. Canada’s communication patterns are low key. Reserve, understatement, diplomacy and tact are key attributes and contrast sharply with the more direct approach of many Americans (Business Structures in Canada and Doing Business in Canada, n.d.). According to Global Road Warrior (n.d.), Canadians prefer a direct approach and value building long-term business relationships. They may discuss and negotiate the terms of a contract
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is a state of evolution in terms of organizational structures. While organizations continue to have large elements of traditional structures, there have been major changes from a host of areas including: virtual organizations, delayering, expanded flattening of organizational structures, it is also evident that there a many new and advanced trends to restructuring organizations. Whilst numerous organizations constitutes as part of an E-business but are not virtual organizations, it is important that
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loosely structured. The company was at its start-up stage, few business procedures had been defined as they were considered as unnecessary given the relatively small size of the company. As well people had particular expertise but everybody did anything because nobody had any sense of what their job description was. This is a very typical structure for those small companies in the starting up stage. Advantage is that when the company business is not very large, it can act in this way to fully utilize
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is said to be the organizational structure of Riordan Manufacturing due to the fact that the company has a CEO at the top level of the organization and numerous levels of management afterward. Riordan Manufacturing tends to be a complex organization that utilizes a long chain of command, similar to that of the military. Riordan’s management structure outlines many different ranks and each rank controls a minim area within the company. The organizational structure used by Riordan Manufacturing appears
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Two Business on our doorstep – Continued P3 and P4 I will carry on looking at the 2 businesses; Asda and RSPCA. I will be describing the business organisation, an explanation of the style of the organisation within the business and how it helps them to fulfil their purpose. An organisational structure enables a business to meet their purposes, it divides up the work and establishes lines of control and community. Dividing up work allows a clear understanding of who is doing what. The organisational
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Organizational Structure Diane Leahy MGT/230 September 2, 2013 Christi Monk Organizational Structure Edwards Lifesciences is a global medical manufacturing corporation that uses a hierarchical form for its organizational structure. Its top management is comprised of an executive leadership team and a board of directors. The board of directors is comprised of Edwards CEO and other medical professionals. Management works its way down with senior leadership teams and on down to functional
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CH 13 What is Organizational Structure? -Organizational structure: how job tasks are formally divided, grouped, and coordinated. -The structure can represent a tall pyramid, or it can be relatively flat. The structure determines the reporting relationships of people. Flat organization 에서는, 내 위에 있는 사람에게 문제를 알리기 쉽다. 하지만, pyramid structure 에서는, 내 위에 사람에게 말하고, 그 사람이 또 그 위에 사람에게 말하고.. 계속 이렇게 되다 보면, 전해야 하는 내용이 바뀔 수 있는 단점이 있다. -There are six key elements that managers need to address (다루다) when they
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ORGANISATIONAL CONTEXT When I entered employment with FreightQ the company’s organisational structure had labour divided according to the products it transported. Due to the large demand for the transportation of a particular product (coal) support was provided by means of a parallel division. This supporting division, entitled National Customer Strategy (NCS), focused on retaining and attracting new coal customers. The NCS division identified a need to provide customers with complete supply
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