Accounting Cycle Intermediate Financial Accounting ACC/421 July 11‚ 2011 Accounting Cycle An accounting cycle is a sequence of six steps in the processing of financial transactions (from the time they occur to their inclusion in financial statements) pertaining to an accounting period. These steps are: (1) analyzing the transactions as they occur‚ (2) recording them in the journals‚ (3) posting debits and credits from journal entries to the general ledger‚ (4) adjusting the assets with
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If a company earns net income of $25 million in Year 8‚ has 10 million shares of stock‚ pays a dividend of $1.00 per share‚ and has annual interest costs of $10 million‚ then | | |[pic]|[pic]|the company would have Year 8 earnings per share of $1.50. | | |[pic]| | |[pic]|[pic]|the company’s retained earnings for
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Rural Marketing Mix Marketing Mix ‘refers’ to the set of actions‚ tactics‚ tools or variables that a company uses to promote and sells its brand or product in a markets 4 Ps of Rural Marketing * Product :Product’ refers to anything that is capable of or can be offered to satisfy need or want? * Price :Price refers to the amount the customers has to pay in order to acquire a product or services * Place : refers to point of sale. * Promotion: This refers to all the activities undertaken
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Accounting is a process of obtaining‚ recording‚ classifying‚ summarizing‚ reporting‚ interpreting and presenting financial information or communicating the results of the transactions to users to facilitate making financial decisions. Accounting often uses a term that defines what is happening to make the process easier to understand. For example‚ asset is known as the resources that owned by the company or controlled by the accounting entity for future economic value. Asset can be categorized in
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Accounting Cycle Paper Ruth Kawai ACC/421 January 12‚ 2015 Mr Art Trujillo I currently work for a company as a payroll processor for a non-profit organization; we are a very small company over 70 staff‚ but we take care of 200 clients with intellectual and developmental disability. Our headquarters is located in San Leandro‚ California. We have a complete accounting department that works as a team. Our team consists of Sr. Accountant‚ accounts payables and account receivables. In our accounting
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The Accounting Cycle The accounting cycle begins with the analysis of transactions recorded on source documents such as invoices and checks; it ends with the completion of a post-closing trial balance. This cycle consists of the following steps: 1. Analyze and journalize transactions. 2. Post the journal entries to the general ledger accounts. 3. Prepare a trial balance. 4. Journalize and post the adjusting entries. 5. Prepare an adjusted trial balance. 6. Prepare financial
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the ultimate purpose * Improvements in design and manufacturing process. Most GM cars were criticized for obsolete designs and engines. Saturn wanted to change that perception by making frequent incremental improvements and designing the cars with advanced engine components and features as well as offering generous levels of standard equipment * Increased emphasis on customer’s service by building the positive brand awareness - ’selling the company with the car’‚ identifying closely with the customer
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The company I decided to research was the homebuilding company Hovnanian Enterprises. I chose to analyze this company and their financial information because I recently own shares within the company. This past summer my grandmother decided to buy stock for me as a college gift. She felt investing and starting early is important since she has been for 60 years. Up until this paper‚ I had no knowledge about the only company I own stock in. I decided this was the perfect opportunity to learn more about
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Accounting Cycle 1. Identifying and Recording - The first step in the accounting cycle is analysis of transactions and selected other events. The first problem is to determine what to record. 2. Journalization- chronologically lists transactions and other events‚ expressed in terms of debits and credits to accounts. 3. Posting - The procedure of transferring journal entries to the ledger accounts. 4. Trial balance - lists accounts and their balances at a given time. 5. Adjustments -
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THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects for which the Company is established are: * To carry on the business of manufacturers‚ producers‚ importers‚ exporters‚ dealers‚ distributors‚ agents‚ wholesale and retail dealers
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