Essays on Invoice

In order to get the commission for each employ we first have to generate a database and its tables. CREATE TABLE Employee( EmpNumber int not null, EmpFirstName varchar(100) not null, EmpLastName varchar(100) not null, CommissionRate decimal(3,2) not null, YrlySalary int not null, DepartmentID int, JobID int, PRIMARY KEY (EmpNumber), FOREIGN KEY (DepartmentID) references Department(DepartmentID), FOREIGN KEY (JobID) references Job(JobID) ).

CREATE TABLE Job( JobID int not null, JobDescription varchar(400) not null, PRIMARY KEY (JobID) )

CREATE TABLE Department( DepartmentID int not null, DepartmentDescription varchar(400) not null, PRIMARY KEY(DepartmentID) ) CREATE TABLE Invoice (InvNumber int not null, InvDate date, EmpNumber int, InvAmount int not null, PRIMARY KEY (InvNumber), FOREIGN ...

The first task to perform in the SD case was to Create New Customer and this essentially involved creating the master data for a new customer record. Basically, there are two types of customer data stored i.e. accounting data and sales data. However, there is also the issue of general data about a customer (names, address, email) which is common in both types of data mentioned previously and thus the customer master data was created in three different views (groups) i.e. general data, sales data, and accounting data. New customers can be centrally added such that all data views ...

(Your address)

Marketing Manager Custom Wood, Inc. 401 Main Street

Vancouver, BC V1L 2E6

Dear Sir, Please, be so kind to send the money back for the work of the carpenter as he made the necessary opening for the doors because of their wrong size. Unfortunately, your product has not performed well, because the size of the doors you had sent to me was wrong. I would like to bring your kind attention that on July 2 I ordered double glazed oak French doors from Custom Wood Inc. The doors arrived on July 25 and they were too small. Instead of necessary 3.23 ...

Operation Francophone attacks that took place in May 2013 at known telecommunication provider in France was the most sophisticated cyber attacks that happened without anyone noticing. The attack was complex and hard to realize because attackers posed as managers of the organization sending invoices and calling the recipient to process the invoice. Numerous factors lead to the success of cyber attacks involving large enterprises. The attackers impersonated an insider who seemed to have a lot of influence to the organization to gain access to the security system. The invoice file sent contained malware that would be installed once the ...

In the world today, cars have become one of the basic commodities that people cannot live without. This means that many people across the globe have increased their desires and likelihood to buy cars for themselves and their families, meaning that the car business has flourished across the world. Not every country manufactures car, but the most commonly countries that do manufacture sell them to other countries. Japan distributes both new and used cars to any willing country, and Tanzania is one of the trusted dealers that import them to sell to Tanzanian people as well as other willing ...

Executive Summary

The background for this paper is the analysis of the "Large Technology Company" referred to as LTC hereafter. The paper looks at the LTC's requirements for an ERP system recommends a suitable ERP solution for the company. Due to the growing complexity of the business environment in most industries and the increased globalization and the resulting internationalization, managing and utilizing information effectively is very important for the success of modern companies. Managing the whole operations requires IS that can integrate both external and internal information into readily available and usable forms. ERP systems are being used by many companies ...

Grand Health Pharmaceuticals (GHP) Order 104BDK56392

Contract for distribution services On this day 10th of May 2015 Grand Health Pharmaceuticals (GHP) and (Name of Distributor) get into a business partnership which is bound by the following terms and conditions.

SCOPE OF CONTRACT SERVICES

The distributor will be expected to perform distribution to all the clients of the pharmaceuticals which ranges from clinics, hospitals, chemist and supermarkets.

Performance Goals and Services

The distributor is expected to make deliveries to various clients in time and sometimes these deliveries may offer special challenges. The distributor should be in a position to be efficient during emergencies. Once the goods have changed hands between the pharmaceutical and the ...

Front stage

Customer Line of interaction Yes Customer service desk cc cc mt No

Line of visibility

No

Back stage

Technical team Yes Yes fp No

Line of internal interaction

Purchasing/ Parts department The illustration is the Service blue print of ETX Phone Repair shop located in Mount Pleasant. The main objective of drawing the blue print is to analyze the customer interaction at the shop, eliminate or minimize the failure points and improve the customer experience. The process begins when a customer experiences a problem with their phone. The customer walks into ETX Phone repair shop and is welcome at the Customer Service Front Desk. The customer explains the ...

Online Transactional Processing (OLTP) server supports online transactions specifically insert, delete, and update. OLTP servers are designed to provide fast query processing to the database whilst maintaining the integrity of the data. OLTP servers are suitable for day-today operations. On the other hand, Online Analytical Processing (OLAP) servers are designed to analyze data in a particular database. OLAP servers are characterized by low volume complex queries that involve aggregation. OLAP servers are suitable for processes that require analysis of huge volumes of data.

For each of the following processes, state whether OLTP or OLAP is appropriate and why.

An order entry system that retrieves customer information, invoice information, and inventory information for local sales. ...

Medical billing is an iterative process that involves the translation of a healthcare service or product in a billing claim. Ideally, the medical biller has the responsibility to make sure the healthcare institution receives sufficient reimbursement for the services provided by the medical practitioners. The responsibility of the biller may vary from one institution to the other based on size and capacity of the healthcare facility. Ultimately, the medical biller must have specialized knowledge regarding medical records and just like the medical coder; they must have strong familiarity with ICD-9-CM, CPT and HCPCS level II codes (Smiley, 2012). Most ...

{Author Name [first-name middle-name-initials last-name]} {Institution Affiliation [name of Author’s institute]}

Introduction – Business Idea

Coffee Bean Importer (CBI) is the core business idea for the project proposal. CBI will be developed as platform where International vendors can come together to do business and list products, identify potential customers and generate sales leads. CBI would enable potential customers to browse through the variety of product listings, contact vendors, purchase products and get those delivered to desired location. The core business functions for CBI include vendor management, product management and customer management, while the support functions include sales, finance and accounting, human resources, ...

Comparison of Maestro with Adaco ERP Vendor

The hospitality industry has competitively experienced a huge competitive edge across the globe day by day. Within the framework of Enterprise Resource Planning (ERP), the hospitality industry has several ERP vendors which provide different forms of software to provide a smooth operations of the industry’s activities. First, Maestro ensures provision of a full spectrum of hospitality services and software in infrastructure management, which includes vendor management, help desk support, upgrades, virtualization and integrations/migrations. On the other hand, Adaco provides a globally leading operation and purchasing control solution for the hospitality industry. The products offered by Adaco.NET encompass a ...

<<Student Name>> <<Professor Name>> <<Course Title>> <<Date>>

Professional Services Contract

Parties. This Professional Services Contract (hereinafter “Agreement”) is entered into this 16th day of March, 2016, between XYZ FILMS, TEXAS, a film and documentary producer (“BUYER”) and Mr John Doe, Independent WRITER and Script Editor, Texas (“CONTRACTOR”).

Scope of Services. The CONTRACTOR agrees to provide the following services to the BUYER, as per the terms below –

Writing and Editing – While the CONTRACTOR has assured the BUYER of his professional qualifications and the BUYER has satisfied himself with the work and references provided; the CONTRACTOR will be engaged in writing and editing the script for the documentary film on Texas ...

Value-Added Tax

Explain the concept of value-added tax (“VAT”) A value-added tax (“VAT”) or goods and services tax (“GST”) is an indirect form of taxation targeted at consumption – measured by spending on goods and services. “Value added” denotes that the payable tax equals the difference between the sale price a firm charges the buyer of a good or service, and the costs of materials and other taxable inputs. As an illustrative example, in the European Union, where much of the taxation is based on VAT principles, each time a consumer good is manufactured, the manufacturer must pay a value-added tax on ...

1. Describe the purpose of a balance sheet A balance sheet is a statement that summarizes a company’s assets, liabilities, and owner’s capital at a specific point in time, usually one financial year. The total assets held by the company must be equal to the liabilities it owes and the amount of capital the owners have invested. The balance sheet is important because it helps creditors and people interested in investing in the company to determine its financial health (Reeves 1). A company can also use the balance sheet to project growth in the long-term or short-term ...

Introduction

The procurement cycle is the procedures that have to occur to supply the line of production or stock up goods and services in an organization. Therefore, all items that have to be procured should be identified to determine the required quantities at the initial stage. At the first step, the relevant information is used to generate the requisition that is later sent to the Department of purchasing. In this department, the assigned purchasers will request for bids and gives out the purchase order to the vendor. At the arrival of the order of the items, they will be entered ...

Executive Summary

This research aims in understanding the role and responsibility of in-flight catering in the process of offering quality food and services. The core approach is to comprehend all those aspects that are considered to attain enough excellence and meet the expectations of the consumers. In this context, to exemplify in-flight catering company, the paper chose Emirates

Flight Catering that has already established a strong niche of being one of the popular and most preferred in-flight catering companies all over the world. In the process of the research, it has been discovered that there are many aspects that are important for a ...

Running a telecommunication business is to provide outclass services to customers based on their satisfaction. To provide customers with satisfactory services, our company keeps personal information of all of our customers including their name, contact numbers and their preferences based on their orders. Company uses an electronic system to store all the data. Our store is a one-stop shop as everything is done to make it as suitable as possible.

Our computer is the heart of our success in providing best of our services to customers. The electronic system of storing information is safe and strong method than ...

(a). Principal Documentation Processes and Records

Karla Kay plc payments should be in such a way that no single person controls the entire transaction alone. The procedure for payment should include a presentation of formal documents to the authority that sanction the payment. The authorities should have a limit on sanction powers such that some payment requires the top management of KK Company to sanction. The records and documents of payments must be properly recorded in the cashbook and maintained. Checks have to be pre-numbered and checked to avoid double payment. Checkbooks should be kept in safe custody. Internal audits of payment are ...

Recommended Project Management Tools

There are many project management tools that can be used for this particular project. But to start from the basic, there are various software suites and packages that could make the daunting life of a project manager easier. One particular example would be the Creative Pro Office. Creative Pro Office is “a complete set of online project management tools and software generally designed for project managers, regardless of their field of operation” .

It features the capability to estimate an invoice and then turn that estimate into an invoice in just one click; ledger and various views that easily exposes the ...

The Horizontal Analysis

In the horizontal analysis of the company, one considers the various line items in the income statements and the balance sheet with similar items in the previous years. Looking at the year 2008, the company did not perform well. In terms of sales, there was a decrease in the sales compared to the year 2007. There was a decrease of $ 897,000 which is 15% of the sales revenue. As a result of the low sales, the company suffered a loss in the gross profit. The profit reduced from $1.6M to $1.4M. When analysing the expenses, the website creation and maintenance is a ...

Business ethics, also known as the corporate ethics can be defined as the applied integrities or professional principles that are observes ethical ideologies and molarities as well as ethical problems that arise within the business environment. Worth noting is the fact that they applies to all aspects of business conduct and they are relevant to the conduct of not only the individuals, but also the entire organization as well as the countries doing business together (Glick, 2008). While government applies laws and regulations to indicate business comportment in the areas they recognize beneficial to them, the ethics indirectly standardizes ...

CURRICULUM VITAE

Personal Details Home Address: 45 Devonshire Terrace East Longmeadow MA 01028 Home Phone Number: 413-525-9021 Cell Phone Number: 413-530-6369 Sex: Male Education/Qualifications - 2007: Graduated at Cathedral High School, Springfield MA. Graduated as member of National Honor Society, with High Honors, and awarded a Mass Mutual Achiever. Won 3 awards in math, 1 in history, 1 in theology and 1 in chemistry. - 2011: Graduated at Providence College, Providence RI with BA in Biology and Pre- Medical Program.

Employment to Date/Work Experience

- 2005-2007: Sacristan of Sacred Heart Church in Springfield MA. - Ran sacristy (managed ...

Introduction

Indonesia has established itself as one of the world’s largest producers of furniture and handicrafts not only in the Asian region but also globally. Since 2006, the country has ranked among the top 10 exporters of furniture with countries such as China, Canada, Mexico, Italy, Taiwan Vietnam and Malaysia (Trade Research & Development Agency, 2008). The country has abundant natural resources required to sustain production of furniture. It is the world’s largest producer of Rattan (a type of climbing palm used to make furniture) (Trade Research & Development Agency, 2008). There are also several varieties of wood such as teak ...

Avnet INC.

History The Avnet INC. is a Distributor Company founded by a Russian immigrant called Charles Avnet. Charles started by purchasing parts of the radio and selling the parts to different individuals, especially in the port cities of the United States. With time, he transformed his distribution platform by selling the surplus parts to dealers and manufacturers. Charles Avnet shifted his operations during the Great depression by focusing more on wholesaling. Between 1920 and 1930, Avnet transformed his business by branching out and diversifying by dealing with radio kits in cars and assembly kits in the automobiles. The incorporation of ...

Fraud is an intentional action to do something that is illegal or unethical. It is done to cause damage to the receiving party. Many a times fraud is also done to gain something which could be money or inside information or knowledge. Fraud is a criminal offence. It cannot be justified. Many companies have gone through the fraud and there have been cases where the fraudster has been punished. Revenue fraud is a type of fraud which affects the revenues of a company. It is done to manipulate the accounts and earn profits. Simply overstating or manipulating the revenues can cause a revenue ...

Accounting

Accounting Description: There are risks of unauthorized access to either physical inventory sites or the online inventory system. Specifically, for on-site inventory access, only authorized employees can enter the warehouse with their access cards. For online inventory access, only and employees can login and special passwords should be required. The level of confirmation required should vary according to the importance of the inventory data. This will help different people access different inventory data instead of giving everybody access to data inventory. Test Procedures: First, the auditors can ask for a list of the employees who has the access ...

Management

The issue that is currently hurting Contact Center is their Store Operations Support. There has been a lack of focus in understanding the primary issue of servicing customers, and this has led to poor customer support. There are far too much interdependency of Support groups to handle customer complaints and complaint resolution. The problem of having three individual phone numbers for the three specific groups has only magnified the problem further. With so many departments involved in customer support; Store Repair Support, Store Operations Support, and Fleet Support, customer requests are taking far too long to resolve, as a result of ...

Explain your rationale for how you set the price of your products in the marketplace.I set the price of my product in the marketplace from the practical approach that is cost-based pricing in which an amount of gain joins the total cost of a product and, the expenditures that were not into consideration previously. The basis of setting up the price of a product in the market does not only serve the purpose of organization’s profitability objectives but it also encompasses volume, ethical, social, image, and status quo goals . What was your strategy around creating new products to meet ...

Executive Summary

Apple is an American corporation that designs, develops, and sells computers, electronic devices and various software. Steve Jobs and Steve Wozniak founded it in 1976. For over 20 years Apple mainly were manufacturers of personal computers. However, at the beginning of 2000s, Apple presented a new line of MP3 players, mobile phones and tablets. Apple’s CEO claims that the company obtains the following core values: “we live to make great products, we believe in simple, not in complex, we only participate in markets where we can make a significant contribution, we say no to a thousand of projects just to focus ...

The adoption of Information Technology in modern profit making organisations has been on a rise in modern dynamic and highly competitive economy. As opposed to the traditional method of bookkeeping, modern method has proved to be effective in facilitating accuracy in the storage of the necessary and vital business information. Contrary to Java Books business that relies on traditional means of storing information, the adoption of modern Information Technology will be of great significance in reducing manual work. Modern Information Technology will also be useful in reducing lateness in suppliers’ orders. The adoption of modern Information Technology will also be ...

Accounting plays a vital role in today’s automated world. In order to improve the efficiency, there have been some major changes in the field of accounting during the past few years. McCarthy (1982) suggested a substitute approach in order to represent accounting information. Instead of concentrating on debits and credits, which neglect some essential data about economic events, he proposed to present the detail about every resource in the firm’s control, the events that bring a change in the amount of these particular resources, and the agents who are a part of these events (‘The Resources, Events, and Agents (REA) Approach’). ...

International Sale Documents

Introduction Right paperwork and documentation during importation and exportation is very crucial. Inaccurate or lack of documents can lead to many inconveniences that may include delays, increase in trade costs and rejected deals. When participating in international trade, it is crucial to ensure the right documentation is applied. The correct type of documentation plays a very significant role in both receiving and making payments. By following the right paperwork, the risks facing the customer paying for the goods are reduced. The risk of the supplier failing to deliver the goods or services is also reduced. With the right documented ...

The main difference between the two interrelated terms, fraud and abuse is the intent that influences the actions that are termed as fraud or abuse. Fraud connotes the intentional misrepresentation of facts or deception with a view to misleading another for gain while in the full knowledge of the falsity of such misrepresentation. It follows, therefore, that innocent misrepresentation cannot amount to fraud. On the other hand, abuse consists of actions that are inconsistent with the accepted norms and standards in a societal setting. These actions may result in unnecessary expenditures for an organization and may also involve immoral acts on ...

Dear Shelling,

I’m kindly inquiring on the contracts that were sent to your company by courier on August 23, this year. I will be humbled to work and give total cooperation to your company since it has a good reputation in its image hence defining its vital component of company’s success. As you know, the tenders’ deadline is fast approaching and it may be very late for these contracts to be signed and returned for processing. If the deal is made by time the better since there would be adequate time for the process of signing and returning to be ...

Abstract

Known as a specified account when first published in 1980 and now improved and extended, this tale record of Old Ironsides is the champion of book prizes from the Nationwide Historic Traditional Community, the Independence Base at Area Create, and the Naval Traditional Middle. Author Tyrone G. Martin, leader of the USS Constitution during the country's bicentennial festivities. Illustrating on years of research and research, Martin verifies that the impressive angled bikers that assured the ship's extended lifestyle were, in fact, existing at the ship's releasing. He also provides information about the 44-gun frigate's contribution in fights that obtained little ...

Management

The scenario involves the case of poor management and the use of ineffective and outdated kind of management system that smith is using in her firm. Matters arising are high concern in the company. This thus contributes to the company to trails behind and realizes little or no profits at the long run because of fraud and mismanagement of the firm in a way that affects the performance of the firm. Smith realizes that her firm needs to update they manner to which activities are taking place hence seeking for advice for the suitable action recommendable for implementation. She therefore ...

Law

Trading Memo Re: Trading Agreement with Mohammed Reda and Khalid Reda The should be a trading agreement that you should enter with Mohammed Reda and Khalid Reda, who will become your business partners in Saudi Arabia. It is advised that the agreement should be signed in Italy, where your business is located in order to protect your interest. Since you are the owner of a company called JM Italian Coffee Inc., which is a well-known company in Italy engaged in buying and selling of coffee beans and other coffee equipment all over the world, it is best that your business ...

Executive Summary

Advancement in technology has helped businesses to have access to information in an easier way. Today even a common man can use internet to find important information easily. There are several search engines that have supported this cause and these search engines have helped the problems of people a lot in finding relevant information in a quick time (Hock, 2001). Using search engines, people can find information related to anything whether it is related to marketing, engineering, social sciences, humanities, physics, chemistry, mathematics etc. Therefore internet is used by people for a number of reasons (Jansen, & Spink, 2006). This report presents the ...

Part One: Advice to Cecil

Introduction The case falls within the province of the Sale of Goods Law. The facts of the case are that Sven, the seller tendered for the transit of goods, the goods being 10000 cans of beetroot and 5000 cans of carrots. The goods were transferred in carriage by a carrier, the Maid of Orleans under the management of Pierre. During the transfer of the goods, the seller, Sven entered into a contract of sale with the buyer, Cecil. Cecil consequently received ownership of goods through a sale by description which in the same vein falls under a future sale. In overall, therefore, ...

Part 1

Introduction Between the customer and the business its self, the management needs to be involved in the proper strategic planning of the operations of the company . The management gets involved in the proper strategy formulation of the current state of the relationship between the business and the customer in regards to the technological providence.The operational systems may also be involved in proper strategy implementation and evaluation of steps to facilitate this. The success of a business is dependent on the management of the customer relationship. This is important in the marketing process and by extension the improvement of the ...

PART ONE

Ferrari is a highly renowned and high end performance trademark Italian automobile manufacturing company. Ferrari products range from street cars to turbo-powered sports cars, Ferrari458 Italia specifically, with high level of agility and performance . In this paper, we will focus on the core competencies, pre-market analysis and industry-market technicalities that Ferrari 458 Italia will encounter in order to intrude in highly crowded and competitive Chinese automobile market. It’s quite evident that whatever the case maybe, whenever a new project is being started or some parent project is extended, it will be encountered by unexpected threats, uncertainties and vulnerabilities. Analysts ...

Abstract

This paper explores such questions as the definition of letter of credit, its type, the use of these types ate mentioned. The point of using letter of credit is studied and the work of this mean of payment is described. The advantages and disadvantages of the main types of letter of credit for sellers and buyers are considered. Keywords: letter of credit, issuing bank, advising bank, seller, buyer, bill of lading, commercial invoice. As a very common way of international payments that causes the risks of transactions to be divided between the buyer and seller Letter of credit ...

- Horizontal analysis Competition Bikers has a moderate growth rate but its profitability growth is worrying. The profitability of the company tripled from year 6 to 7, but dropped by 84% between year 7 and 8. This is explained by the economic down turn experienced in year 7, leading to a sales decline of 15% in year 8. While it is easy to say that the reduced profitability is due to poor economic conditions, a further examination of the company’s income statement and balance sheet is necessary. In the horizontal analysis, the sales decline from a growth rate of 33% ...

After Verizon Company has decided to venture into Australian market, the company must adopt an appropriate entry mode into the market. The four universal forms of market entry are joint venture, exporting, sole venture, and joint venture. Considering that all these entry modes entails resource commitments, an initially adopted entry mode maybe difficult to change due to the high chances of money and time loss. Entry mode is therefore very crucial and significant in strategic decision. This paper will present recommendations to Verizon Company on how they should enter into the Australian market; this will include how they will ...

Internship scope:

- Controlling, booking and reconciling the postings and cash movements registered selling points per day. - Controlling, booking and reconciling credit card transaction, - Controlling, booking and reconciling miscellaneous payment modes like airline vouchers - Controlling daily cash flow (bank issues), - Support cost controller by stock control. - Filing and documentation. - Create proforma invoices for accounting. - Supporting the monthly and periodical closing activities. - Tracking and weekly reporting employees’ differences. - Checking recipes.

Filing system allows the business to access important information quickly and efficiently. ...

Competition Bikers has a moderate growth rate but its profitability growth is worrying. The profitability of the company tripled from year 6 to 7, but dropped by 84% between year 7 and 8. This is explained by the economic down turn experienced in year 7, leading to a sales decline of 15% in year 8. While it is easy to say that the reduced profitability is due to poor economic conditions, a further examination of the company’s income statement and balance sheet is necessary. In the horizontal analysis, the sales decline from a growth rate of 33% to 13.33%. This is ...

Commercial contract

A report to the Charity’s Managing Director A commercial contract is an official binding arrangement between two or more parties through which they are indebted to carry out or not some given activities. Contracts can be drafted or verbal and designed a formal or informal approach (McKendrick, 2005). Most enterprises develop contracts in drafts to ensure the conditions of agreement are precise, usually looking for valid counsel while setting essential contracts. Contracts can entail all factors of an enterprise, such as recruiting, wages, worker safety, loans, and leases. A breach of agreement happens if one of the associates ...

Task

Compare the corporate form of organization with the sole proprietorship and the partnership.

Describe the principles dealing with ways of creating value and economic efficiency

The major principles include comparative advantage and absolute advantage. Comparative advantage is the ability of a country to produce a particular commodity in a more efficient way than other countries. Countries that have modern machinery are likely to produce machine intensive products than other countries. Absolute advantage is the ability of a county to be able to produce a particular commodity that other countries do not produce. For instance, a country that is endowed with a unique mineral that is not produced by other countries can be said to have absolute advantage ...

Introduction

The success of a company depends on the company’s attention to the short-term decisions. Short-term decisions affect the management of current assets and current liabilities. The company’s liquidity position depends majorly on the level of current assets of the company. If a company is to survive in the business, it must have the ability of generating enough cash that meets its short-term (current) needs (Bhattacharya, 2004).

Working capital management is therefore an important factor in the success of a company, both in the short term and long term. The degree of solvency or liquidity depends on the extent to which ...

Modern accounting systems

Introduction

Developments in Information and communication technologies have lead to the development of numerous accounting software. These accounting software have facilitated development of modern accounting systems. Examples of accounting packages are; QuickBooks, Sage, Cashcall, Mind Your Own Business (MYOB) and Enterprise Resource Planning (ERP), [ CITATION Ree05 \l 1033 ].Modern accounting systems have revolutionized the way accounting is done and had a great impact on businesses. This paper discusses the impact of modern accounting systems on organizations.

Improvement in financial reporting

Many organizations obtain funds from various sources. The various providers of funds have different information needs therefore financial reports need to be structured to ...

Abstract

Several accounting principle have been put in place to ensure that the financial statement presented to users are free and fair. The principle of consistency ensures financial statements are prepared using the same principle year after year. Materiality concept ensures that only valuable information is included in financial statement. Principle of disclosure ensures that all valuable information is included in preparation of financial statement. Then the principle of conservatism makes sure that losses are recorded when foreseen while profits must be earned before recording. The fixed asset register keeps eye on all fixed assets of a firm. The assets ...