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Related to Accrued Expense: unearned revenue, Accrued Revenue
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Accounts payable and accrued expenses: "The controls over recording accounts payable and accrued expenses were improperly designed and were not operating effectively to ensure that all expenditures were identified and recorded in the appropriate account and period.
The committee convened by chairman Zayed Hamid on Wednesday, was briefed by audit authorities about mostly unauthorized and illegally accrued expenses accrued by foreign office on the hosting of OIC moot in 1998-99 in lieu of such services as transportation and hotel arrangements for visiting dignitaries; offering to have all audit confirmed in one months time.
After all this, it is obvious that the budget review at this moment is more than necessary due to the increased inflation and accrued expenses.
OIBDA increased 24% YoY to $ 179 mln boosted by the one-off reversal of previously accrued expenses related to a management option-based compensation scheme.
Users work with a library of financial objects, such as prepaid and accrued expenses and asset-based revolving lines of credit.
ASSETS CURRENT ASSETS: Cash $349,652 Investments - Stated at Fair Market Value (Note 1A & 3) 7,002,566 Accounts Receivable - Trade 9,343 Inventory (Note 1B) 221,363 Prepaid Expenses 64,840 TOTAL CURRENT ASSETS 7,647,764 Furniture, Fixtures & Equipment, Net (Note 1C) 33,947 Deposits 5,279 $7,686,990 LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Accounts Payable and Accrued Expenses $193,058 Unearned Membership Fees (Note 4) 211,504 TOTAL CURRENT LIABILITIES 404,562 Net Assets - Unrestricted 7,282,428 $7,686,990 American Association for Artificial Intelligence Statement of Financial Position, December 31, 2002.
Oracle's solution, running on top of the Oracle8 database and Oracle Internet Application Server, gives MSC visibility and traceability for all financial transactions, the capability to enter accrued expenses as they occur instead of monthly and the ability to record worldwide transactions in the period in which they occur.
Some current liabilities include payroll taxes, accrued expenses, deferred income and accounts payable.