future. No matter where you turn‚ learning is everywhere. Humans strive to succeed by learning from others. 2. Talent is our natural ability to perform some form of effort‚ such as playing a musical instrument or throwing a baseball 90 MPH. Learning how to groom‚ grow and improve your talent can be accelerated with education. Learn from others and borrow their techniques. 3. You’ll earn more money per year than a high school graduate. People who go into vocational trades can make a very good living
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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The accounting process: 1. Identify the transaction 2. Record the transaction as a journal entry 3. Post the entry in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent
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To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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How to Implement a Standard Chart of Accounts Effectively by Aziz Tayyebi Executive Summary A chart of accounts (COA)‚ representing a unique set of codes to record all an entity’s transactions consistently‚ is a well-recognised‚ fundamental accounting need. Whether it concerns a complex organisation with numerous divisions‚ or an individual applying basic cash accounting‚ it is essential to be able to collate financial information that is relevant‚ both for internal management and external parties
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1. Accounting Principles are the rules based on which accounting takes place and these rules are universally accepted. Explain the principles of materiality and principles of full disclosure. Explain why these two principles are contradicting each other. Your answer should be substantiated with relevant examples. (10 Marks) 2. Explain any two types of errors that are disclosed by trial balance with examples and rectification entry. Note - Avoid giving examples given in the self learning material
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Interpret market trends and developments BSBMKG507A The draft report: Draft report for Millenium Hollywood project unveiled Millenium Partners and Argent Ventures have launched a new Web site releasing a draft environmental impact report on Millenium Hollywood‚ a mixed use project planned next to the historic Capitol Records Tower in Hollywood. The proposed project‚ initially announced a year and a half ago‚ encompasses more than 1 million square feet of space on 4.47 acres split between sites
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Analysis of online trading and Dematerialization INDUSTRIAL TRAINING REPORT An Organizational Study of Standard Chartered Wealth Managers & Study of the Investment pattern of individuals with special focus on online trading and Demat account This Industrial Training Report is being submitted in partial fulfillment of the requirements For the award of the Degree of MASTER OF BUSINESS ADMINISTRATION of BANGALORE UNIVERSITY The training has been undertaken by GURURAJ B H Reg. No. 08VWCM6023
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There are several reasons on why companies must run primarily to generate profits for shareholders. The mispricing of risk and the employment of foolish and irresponsible lending practices all the way down the finance chain was the basic reason for the financial crisis of 2007-2009 and the problems connected to it. Failed to manage risk as the reason for the crisis is where some have focused on while others have identified a wider reason which are the short-termite pressure placed on directors as
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How to Profit From “Lean Advertising” Author: Thales Teixeira Source: Harvard Business Review In this article‚ Harvard Professor‚ Thales Teixeira discusses a new advertising phenomenon‚ “Lean advertising”. By definition anything defined as lean‚ focuses on elimination of waste. The theory is that this should lead to improved quality and reduced costs. In terms of advertising it should mean finding simpler and cheaper ways of communicating what a company wishes to sell‚ in this case online video
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