ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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the hill a round of Double Gloucester cheese is rolled‚ and competitors race down the hill after it. The first person over the finish line at the bottom of the hill wins the cheese. In theory‚ competitors are aiming to catch the cheese‚ however it has around a one second head start and can reach speeds up to 70 mph (112 km/h)‚ enough to knock over and injure a spectator. Accurate information is hard to come by‚ but the tradition is at least 200 years old. Each year the event becomes more and more
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question. For each answer‚ clearly circle your choice from the options provided (a‚ b‚ c‚ d‚ etc.). Dont make me guess‚ I wont award credit if it isnt obvious. 1. What type of data is found in the general ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based
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CHAPTER 1 Financial Reporting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics Questions Cases 1. Global markets. 1 2. Environment of accounting. 2‚ 3‚ 4 4‚ 5‚ 7 3. Objective of financial reporting. 5‚ 6‚ 7‚ 8‚ 9‚ 10 2 4. Standard-setting organizations. 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 18 1‚ 3‚ 6 5. Financial reporting challenges. 19‚ 20‚ 21‚ 22‚ 23‚ 24‚ 25 8‚ 9‚ 10 6. Ethical issues. 25 11‚ 12 Copyright
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Michaela Uebelhoer Lieberson HON 20th Century American History 15 April‚ 2013 1. The Holocaust unit we learned about in class has impacted my life in many ways. It has changed a lot of my opinions on a variety of different topics and made me realize how horrific the Holocaust actually was. It was not until after the lesson was complete that I totally grasped the severity of the events that took place at the German hand. I was shocked and appalled by the actions and crime I heard about during
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to the hospital with an injury that nearly costs him an eye. The near loss of the boy’s eye creates a bond between the boys which develops into a deep and lasting friendship. Both boys‚ Reuven and Danny‚ are the sons of European immigrants. In The Chosen‚ by Chaim Potok‚ the boys feel the pull of the "American Dream" with its promise of boundless opportunity and freedom of choicesomething quite alien to their European forebears. The boys instinctively sense this opportunity‚ and as they grow up‚
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Chapter 1: Organizations and Organization Theory Current Challenges of Organizations • Globalization o Markets‚ technologies‚ and organizations are becoming increasingly interconnected • Ethics and social responsibility o The list of execs and major corporations involved in financial and ethical scandals continues to grow • Speed of responsiveness o Globalization and advancing technology has accelerated the pace at which organizations in all industries must roll out
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dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash flow) * Shareholders & Auditors -cash flow accounting and reporting
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affects? 5 Why do Conflict arise in organizations 6 Managing Conflicts 8 Conclusion 12 Bibliography 13 Why does conflict arise in organizations‚ and how can it be managed? Introduction One thing any organization tries to maintain is a conflict free environment. Impossible as it seems though‚ many organizations over the decades have gone to extreme lengths
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organizational structure‚ employees may find it difficult to know who they officially report - Unclear exactly who has the final responsibility for what. A company can have a clear mission‚ talented people‚ and great leaders and still not perform well because of poor organizational design. The structure will depend on the size of the business and the type of business. The larger an organization grows‚ the more need there is for formal structure‚ defined work assignments‚ and clear lines of authority
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