only has one role which is to satisfy user needs’. I will research into what accounting actually is‚ what its role is‚ who are it users and how it is relevant to its users. I will also use various books‚ articles‚ lecture notes and a wide range of Internet sources to enable me to critically evaluate this statement. Accounting can be defined as the summarising‚ measuring and communication of financial transactions‚ by doing this‚ accounting aims to enable its users to make informed decisions and
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Users of financial information and their informational needs. Users of accounting information are either internal or external to the organization. These users need information to help them make informed or reliable decisions or judgements with regards to the organization. Different groups have different demands for the financial information contained in a set of accounts. Information needs of internal users These include; Management; This category is made up of the senior employees who run
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The Impossible: Follow Up Questions 1. What natural disaster devastated the coast of Thailand? A tsunami devastated the coast of Thailand. 2.What are the causes of this type of disaster? Slow earthquakes under the sea floor cause tsunamis. 3.As a responder‚ list the needs and concerns you expect victims and survivors to have? As a responder‚ I would expect victims and survivors to have open wounds‚ hunger‚ dehydration‚ emotional distress‚ and missing family members. 4
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What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
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Should Netscape go public to satisfy its capital needs? Netscape does need to go public to satisfy its capital needs over the next three to five years. Netscape is in a position to capitalize on the consolidation of the technology sector. Further‚ they need to remain competitive against Micorsoft’s Internet Explorer. By taking the company public‚ Netscape will also be able to raise capital to expand its business‚ finance acquisitions‚ pay debt and have greater access to capital in the future
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Children needs Needs are vital and necessary part of life. Some of the needs are physical needs‚ intellectual needs‚ emotional and social needs. Physical needs Children’s physical needs are hygiene‚ food‚ exercise‚ warmth‚ safety and security. Greenside Nursery ensures that all this takes place. For example‚ the nursey has CCTV and locks on doors to ensure the children are safe. This means that children will be monitored wherever they are. Everybody needs would be exercise as it is essentials
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Creating Basic 3D Objects 1 Products: AutoCAD 2011 for Mac or later Audience: New users to 3D Prerequisites: Working knowledge of 2D drafting Time to complete: 15 minutes Download the Tutorial File Before beginning the lessons‚ download the tutorial. ■ Download create_basic_3d_objects_acdmac.zip from http://www.autodesk.com/autocadformac-tutorials. In This Tutorial The lessons in this tutorial do not need to be completed in the presented order. In this tutorial‚ you learn how to do the
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In this report the service users I am going to be focused on is disabled people and how Ealing promotes diversity. The legislation that relates to disabled people is the Disability Discrimination Act 1995. This act makes it unlawful to discriminate against disabled people. This legislation is designed to: * Make sure that people who have a disability get their medical needs * Makes sure that service providers access for disabled people by making reasonable adjustments * Ensure the rights
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Cash includes: currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision of services
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Information Needs of Managers and Other Users Managerial accounting information is needed by a number of individuals. In particular‚ managers and empowered workers need comprehensive‚ up-to-date information for: (1) Planning‚ (2) Controlling‚ and; (3) Decision making. Planning requires setting objectives and identifying methods to achieve those objectives. For example‚ a firm may set the objective of increasing its short-term and long-term profitability by improving the overall quality
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