—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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Creative Accounting Creative accounting is a term that often implies illegal or fraudulent practices in the U.S. (Moneyterms‚ 2006). The objective of the following paragraphs is to explore some definitions of creative accounting from different perspectives‚ discuss some advantages and disadvantages of creative accounting‚ and explain a real life example of creative accounting. Through these paragraphs I hope to also touch upon some of the ethical issues involved in engaging in creative accounting practices
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Advantages and Disadvantages of using a computerized accounting system………………………………………………………………...……1 Factors taken into consideration before using a computerized Accounting …………………………………………………………..……3 Synopsis of programmes used in computerized accounting ……………...4 The Impact Of I.T in The future Accounting ……………………………..5 Glossary………………………………………………………………….6 Introduction Advancement in Information technology has a prevalent impact on the accounting system procedures
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Significant changes in the workplace are the result of new and advanced technology. For the past generation‚ technological inventions and improvements seem to be introduced every week. The trend is guaranteed to continue. Technology’s impact on the 21st century workplace will result in rapid changes. Changing Workplace Rules Technology makes it possible to telecommute‚ work from virtual offices and communicate with businesses and individuals across the globe. Flexible work schedules
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases in costs of goods sold and inventories disproportionate with growth of sales
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1.1 Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) 3a. Sawmills: Cut timber into various grades of wood (Weyerhaeuser) 3b. Pulp and Paper Manufacturing: Grinds timber into pulp and converts the pulp into various grades of paper and
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same thing. When u go to school u have to pick one or the other because one degree is not going to get u a job in both fields. Network Administrator: A member of a staff or group of a staff who have the responsibility for the smooth functioning of a large network. They carry out a number of functions: defining and enforcing security policies‚ specifying routing policies‚ accounting for system resources on the network and ensuring that they are efficiently used‚ responding to hardware and systems
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http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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A Major Decision “It’s alright Victoria just breathe! You got this baby! Breathe take a deep breath. Calm down Victoria!” says Ruby. The doctor comes into the room and says‚ “You’re doing a good job‚ but at this moment she has stopped coming so we need to get you prepared to do an emergency C-section and bring this beautiful baby girl into this world. Now you can only take one family member back there with you. I will leave that choice up to you.” The family begins to look around the room
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