CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
Premium Corporation Limited liability company Business
Topic Internal Controls Title An analysis of the Internal Controls used in the Finance department at COLFIRE. Research Questions 1. How are internal controls used at COLFIRE? 2. How does COLFIRE use internal control to operate their operations? 3. What are the major internal controls principles used at COLFIRE? Organization COLFIRE. (Colonial Fire and General Insurance Company Limited.) ACKNOWLEDGEMENT I would like to thank my teacher Mr. N. Cooper for giving me the necessary information
Premium Cash register Receipt Internal control
REFLECTIVE ACCOUNT. “Reflection is a process of reviewing an experience of practice in order to describe‚ analyse‚ evaluate and so inform learning about practice” (Reid‚ 1993 p.305). I am going to reflect on an activity during my placement at a childminder’s setting. While writing about this‚ the model of reflection `I will use is the most commonly used model by Gibbs (1988)‚ which is the model I will look at here. There are six stages in Gibbs’ model‚ namely:- (1) Description (2)
Free Painting Color History of painting
Ways to Prevent Overdue Accounts Want to improve the way you run your business? For any company‚ having overdue accounts wreak havoc on cash flow and liquid assets. In a small business‚ tracking down the guilty parties is both a financial and physical drain. It’s easy to say "don’t do business with deadbeats"‚ but the realities of things are much more complex. Most firms bring in collection agencies for debt. Be sure to find out: • How information about delinquent accounts will be transferred to
Premium Accounts receivable Money Generally Accepted Accounting Principles
To what extent is the commercialisation of sport a positive trend? Negative I feel that commercialisation of sports is bad as it denies the sport players of their privacy. As the players would be constantly under the limelight‚ details of their lives‚ both the good and the bad‚ are released to the public. For example‚ in the recent Tiger Wood’s scandal involving his many mistresses‚ his private life was broad casted to the public‚ attracting many criticisms. Therefore‚ the commercialization of
Premium Amateur sports Professional sports Sport
previously. It is designed to further enhance students’ understanding of the concepts and issues in accounting theory and practices. This course involves the study of the practical and theoretical issues involved in the development‚ implementation and changes in accounting theories and regulatory framework. As this course will be seminal-like‚ this course will provide students with some generic skills required in the accounting profession such as team working‚ interaction‚ leadership‚ follower-ship‚ critical
Premium Accountancy Creative accounting Case study
CXC PRINCIPLE OF ACCOUNTS PROJECT School-Based Assessment (S.B.A) (Year 2012) [pic] Submitted by: Danique Arthurs Year: May/June 2012 Name of School: Charles Fordyce Business College Name of Teacher: Charles Fordyce Centre No: 100228 Candidate No: Territory: Jamaica Table of Contents Introduction………………………………………………………………..5 Acknowledgement………………………………………………………...6 Description of Business…………………………………………………...7 Location of
Premium 1967 1983
Question: What current trend in IT is impacting the global community and how might it relate to how IT organisations are structured? Is this trend evidence of a shrinking or expanding global community? I am currently involved in a wide range of IT solutions to Government. Whether it is software development‚ Networking‚ Website or Database solutions. In most governments in the Caribbean‚ technology is leaving them far behind. What people do in their personal life with technology does not necessary
Premium Collaborative software Government Collaboration
Running Head: Assignment 1:Trends in the Workplace Assignment 1:Trends in the Workplace HRM 500 HR Management Foundations January 25‚ 2014 1 Running Head: Assignment 1:Trends in the Workplace 2 Abstract According to the text‚ there are a number of key trends in the workplace that have significant influences on organizations. HR professionals play a key role in helping organizations respond to evolving trends‚ comply with federal and state regulations‚ and manage workplace flexibility
Premium Human resource management Employment Human resources
(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
Premium Accounts receivable Debt Double-entry bookkeeping system