2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
Premium Balance sheet Double-entry bookkeeping system Generally Accepted Accounting Principles
Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
Premium Enron Accountant Enron scandal
The Communication Cycle The communication cycle has six different stages that help you communicate your ideas. It also takes into consideration how you put your idea across e.g. body language. The communication cycle can help you to communicate in difficult circumstances where it may be hard to put your ideas across or it may be a sensitive subject. The Six Stages; 1. Ideas occur You have an idea that you want to communicate. 2. Message coded You think about how you are going to say
Premium Communication Mind Cognition
Nitrogen cycle Nitrogen gas is a colourless‚ odourless and non-toxic gas which makes up about 78 percent of the atmosphere. Nitrogen is extremely important to living material; in fact plants‚ animals and humans could not live without it. Sprent (1987) argued that nitrogen cycle is the most important process to living organisms after the carbon cycle. But nitrogen exists as dinitrogen (N2) in the atmosphere‚ which living things‚ particularly plants‚ cannot synthesize (citation) The process of nitrogen
Premium Nitrogen
Carbon Cycle Living organisms are significant in the recycling of numerous elements contained in an ecosystem. One of the elements is carbon. Carbon is nonmetal‚ forms over ten million different compounds‚ found in minerals‚ oceans‚ and is the main component of biological compounds. So how do living organisms and their biochemical reactions contribute to the recycling of carbon? Carbon moves through the ecosystem in a cycle‚ in which the living organisms take and release
Free Carbon dioxide Photosynthesis Life
or poor sleep are caused by a handful of specific problems‚ most of them fixable with lifestyle changes or the help of a doctor. Here‚ five little-known causes of sleep problems and what to do about them. 1. Light How it disrupts sleep: You probably already know that when you stay up late under bright lights‚ you interrupt your body’s natural sleep-wake cycle‚ because light tricks your brain into remaining in daylight mode. Less well known is that the light from computer screens and iPads shining
Premium Sleep
Phuruthrmisrrv und Photobiolugy. 1970. Vol. 1 I ‚ pp. 457-475. Pcrgamon Press. Printed in Great Britain COOPERATION OF CHARGES IN PHOTOSYNTHETIC 0‚ EVOLUTION - I. A LINEAR FOUR STEP MECHANISM BESSEL KOK‚ BLISS FORBUSH and MARION McGLOlN Research Institute for Advanced Studies‚ 1450 South Rolling Road‚ Baltimore‚ Md. 2 1227‚ U.S.A. (Received I9 September 1969;in revised form 29 December 1969) Abstract- Using isolated chloroplasts and techniques as described by Joliot and Joliot
Premium Light Time
Revenue Cycle Education Improvement Strategies Presented by: Colleen Malmgren‚ MS‚ RHIA Fairview Health Services cmalmgrl @fairview.org Definition of Revenue Cycle All administrative and clinical functions that contribute to the capture‚ management and collection of patient service revenue *HFMA Scheduling/Registration Health Info Mgmt Case Management Pt Financial Srvcs Charge Capture Revenue Audit Chargemaster Establish Performance Indicators Establish measures that go beyond Accounts receivable
Premium Revenue Medicare and Medicaid
Nitrogen cycle A simple and complete diagram of the nitrogen cycle. The blue boxes represent stores of nitrogen‚ the green writing is for processes that occur to move the nitrogen from one place to another and the red writing are all the bacteria involved. The nitrogen cycle is the process by which nitrogen is converted between its various chemical forms. This transformation can be carried out through both biological and physical processes. Important processes in the nitrogen cycle include fixation
Premium Nitrogen Oxygen
CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
Premium Financial Accounting Standards Board Financial statements International Financial Reporting Standards