Lesson 1: The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters
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slight increase in accounts receivable reflecting the timing of seasonal sales at the end of 2011 as compared with 2010. Although its primary credit risk concentrates on two clients‚ McLane and Wal-Mart‚ its accounts receivable turnover is increasing. It means Hershey’s collection ability is good. Accounts Receivable—Trade In the normal course of business‚ we extend credit to customers that satisfy pre-defined credit criteria based upon the results of our recurring financial account reviews and our
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RETURN TO NURSING PRACTICE REFLECTIVE LOG MODULE LEADER: STUDENT NUMBER: 1 INTRODUCTION This essay demonstrates the significant learning that resulted as a consequence of using critical reflection on my practice. The reflective process helped me to realise how my practice needed to change after I experienced a personal and practice-related issue during and after my clinical placement. Reflective practice is an important component of all
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RELEASE NOTE Microsoft Dynamics ® NAV 2009 SP1 IN Service Tax – Reverse Charge‚ Part I On this page: Overview Reference Information Important Notice to Customers Important Notice to Partners Installation Licensing Objects Setup Support Information Linguistic Quality Feedback 1. Overview According to Notification No 15/2012-ST dated 17.03.2012‚ the proposed Reverse Charge Mechanism is made applicable from the 1st of July‚ when Section 66B of the Finance Act‚ 1994 (Charge of
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5 KEYS THAT DIFFERENTIATE SUCCESSFUL AND UNSUCCESSFUL BUSINESS LEADERS 1. Create a feeling of energy‚ fun and excitement in the organisation Unsuccessful: settle for who you are; accept your limitations; let morale take care of itself. Many leaders have a great attitude – sometimes known as a “can do” attitude and irrespective of whether they have the skills to do the specific job‚ they have the inspiration and focus to motivate their team to see the vision and this creates a certain
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PORNOGRAPHY AMONG CHILDREN What is pornography? Pornography is known as “porn” or “porno” which means the depiction of erotic behavior. It intended to cause sexual excitement. Some people believe that online pornography is just a form of personal free speech‚ Somehow we have to care to the under age children also. There is too many resources that can make children expose to pornography such as book‚ magazine‚ mass media‚ and gadget and so on. One of the easiest and most popular ways is over
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Indiscipline among students has become so rampart that people freely criticize them. Teachers accuse them for want of respect. Parents are dissatisfied with them because they do not get good marks -in the examination and waste time in this and that. And if we talk about the students we see that they are angry with the authorities‚ they are displeased with their teachers‚ their parents. Every day we read in newspaper about strikes‚ incidents of free fighting in educational institutions. Sometimes
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1 c) Notes to the Financial Statements: 1. The company uses the straight-line depreciation method. The rental equipment is estimated to have a useful life of eight years. Thus‚ the monthly depreciation of the rental equipment is 240‚000/96‚ or $2‚500 per month. 2. The note payable to Rent-It is good for one year. $100‚000 and the accumulated interest are due on November 30‚ 2012. The account payable for office supplies is due in thirty days‚ or January 2‚ 2012. The account payable to Universal
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TABLE OF CONTENTS CHAPTER -1 | INTRODUCTION | 1-20 | | 1.1 Introduction to Demat and online trading | 1 | | 1.2 Indian e- Broking Scenario | 2 | | 1.3 Effect on off-line business | 2-3 | | 1.4 Depository Service- beginning | 3 | | 1.5 Indian stock market | 4-8 | | 1.6 Evolution of online trading | 9-17 | | 1.7 Reasons for online trading | 17-18 | | 1.8 Reasons for emergence of online trading | 18 |
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Chapter 1 Notes: Accounting & the Business Environment Accounting: The information system that measures business activities‚ processes the information into reports‚ and communicates the results to decision makers. Two Major Fields of Accounting: 1) Financial Accounting: The field of accounting that focuses on providing information for external decision makers. 2) Managerial Accounting: The field of accounting that focuses on providing information for internal decision makers. Certified
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