The advantages of using a computerized accounting package such as MYOB accounting software. Let me start this article by saying I am a qualified accountant who has taught accounting at a variety of levels for over 18 years. I have also worked extensively as a business consultant for small and medium size enterprises. I am continually amazed when I come across a business either not using a computerized accounting package or using spread sheets to do their accounts. Therefore I decided to write
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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budget appropriations. The Centers for Disease Control and Prevention is example of a government run agency. The Centers for Disease Control and Prevention is one of the most important health agencies in the world. The Centers for Disease Control and Prevention is a federal government run agency that relies on stakeholders and partners to offer important insight in planning and evaluating‚ and contributions in helping Americans live long‚ healthy‚ and satisfying lives. Centers for Disease Control and
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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personalties. There are communities that need work and they are some that need things for kids too. Neighborhoods need improvements to their area safe and give kids something to do. Having a community center could help improve communities. Having a community center can teach kids respect and responsibility. It can teach kids respect by teaching them to respect elders and adults if they’re having problems with showing respect. It has been said‚ "If you give respect‚ then you will receive respect." Respect
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Personal Responsibility and College Success Desiree Rinker GEN/200 Professor Norma Nitkowski June 30‚ 2012 Personal Responsibility and College Success Even though personal responsibility varies from person to person‚
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SAMPLE FINAL Student: ___________________________________________________________________________ 1. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point? A. $31‚300 B. $5‚300 C. $23‚500 D. $(2‚500) The West Division of Fitzmaurice Corporation had average operating assets of $450‚000 and net operating income of $87‚300 in November. The minimum required rate of return for performance evaluation purposes is 18%. 2. What was the West Division’s
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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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