Chapter 1: Overview—The Financial Statements Chapter 1 introduces the four financial statements--Income Statement‚ Statement of Retained Earnings‚ Balance Sheet‚ and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business – proprietorship‚ partnership‚ limited – liability company‚ and corporation‚ are discussed
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| Decision Making Process | Choosing a College | | | 3/19/2012 | | It is never easy to make decisions in life‚ especially life changing decisions. The decision making process is a very difficult process that is used by everyone in one way or another. Some people may alter the decision making process in order to fit their own needs and their own personal circumstances‚ but there is a model that has been provided in order to show the basic steps. The decision making process model
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Financial Information Pack Contents Sources of Finance Page 2 Introduction Page 2 Major Sources of Finance Page 2 Internal Sources Page 2 External Sources Page 3 Business Projects and Assets Page 7 Introduction Page 7 Assets Page 7 Types of Projects Page 7 Implications of Finance and Liabilities Page 11 Introduction Page 11 What is Liability? Page 11 Implications and Costs of Financial Resources
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Achievement Standard: 90981 Make a financial decision for an individual or group Resource reference: Accounting 90981 (1.6) Credits: 3 Student instructions sheet Introduction This assessment task requires you to: • Collect printed and/or electronic data (and provide details of your sources) Your data must be collected from secondary sources (e.g. Internet research‚ brochures‚ newspapers‚ magazines etc) but you may also choose to include information from primary sources
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companies‚ four types of ratios are normally used: First‚ profitability ratios‚ which indicate the company’s ability to generate profits to satisfy and attract investors; second‚ liquidity ratios‚ which suggest the capability of company to meet its obligations timely; third‚ efficiency ratios‚ which assess the company’s operating efficiency; fourth‚ financial leverage ratio‚ which shows rationality of company’s financial structure. (Mautz and Angell 2006‚ p.27) Specifically‚ we apply ratio analysis
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Significant Figures in Measurement and Calculations A successful chemistry student habitually labels all numbers‚ because the unit is important. Also of great importance is the number itself. Any number used in a calculation should contain only figures that are considered reliable; otherwise‚ time and effort are wasted. Figures that are considered reliable are called significant figures . Chemical calculations involve numbers representing actual measurements. In a measurement‚ significant figures
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CHAPTER I WHAT IS ETHICS? - Each society form a set of rules that establishes the boundaries of general accepted behavior. These rules are often expressed in statements about how people should behave‚ and they fit together to form the MORAL CODE by which a society lives. - The term MORALITY refers to a social conventions about right and wrong that are so widely shared that they become the basis for an established consensus. DEFINITION OF ETHICS: ETHICS – is a set of beliefs about right and
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1. What is inflation risk? Inflation risk is the decision when to wait to buy an item and risking if the product went down in price or up in price. 2. What are opportunity costs? Give an example of an opportunity cost. Opportunity costs are things you give up when you make a choice. An example of a opportunity cost is to give up your newspaper subscription so you can now have a magazine subscription. 3. What is the time value of money? The time value of money is the increase on a value of money
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Modeling and Its Importance to the Decision Making Process in Business Modeling and Its Importance to the Decision Making Process in Business CIS 331 System Modeling Theory Modeling and Its Importance to the Decision Making Process in Business When we refer to models‚ often times we picture a model as being something that is tangible‚ two or three dimensional‚ and a miniature replica of how we imagine a particular project. However‚ models can be used in practical everyday aspects
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have a more significant role in corporate decision-making? In the changeable world with dynamic economic situation and fluid market information‚ corporate decision-making is becoming increasingly difficult for many enterprises. Under these circumstances‚ executives and managers are expected to be equipped with accurate‚ related and real-time information and live up to expectations of strong profits and growth (Royaee‚ Salehi and Aseman‚ 2012). Accounting and financial information
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