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
Premium Accountancy Bookkeeping Double-entry bookkeeping system
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
Premium Balance sheet Generally Accepted Accounting Principles Financial statements
Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
Premium Double-entry bookkeeping system Bookkeeping Asset
The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
Premium Accounts receivable Accounting software Invoice
Great Plains Microsoft Dynamics Great Plains is a mid-market business accounting software package that can run on a Microsoft SQL Server database. There are many companies that use different types of accounting software but one that I would suggest would be Microsoft Dynamics Great Plains. There are two companies that we work for that use this accounting software and are very impressed by what it can do compared to other accounting applications. After doing some research on what Microsoft Dynamics Great
Premium Microsoft Microsoft Office Internet
Advantages of a Relational database Relational databases are the standard when creating industrial standard efficient and scalable databases. They are based on a structure of tables which are logically connected to each other and can be queried in complex way to extract relevant and meaningful information. The querying of a relational database is done using a high level language called SQL which stands for structured query language. SQL is very easy to understand and unlike
Premium
The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
Premium Generally Accepted Accounting Principles Balance sheet Financial statements
Student Registration System (SRS) requirements specification We have been asked to develop an automated Student Registration System (SRS). This system will enable students to register online for courses each semester‚ as well as track a student’s progress toward completion of his or her degree. When a student first enrolls at the university‚ the student uses the SRS to set forth a plan of study as to which courses he or she plans on taking to satisfy a particular degree program‚ and chooses
Premium University Doctorate
U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
Premium Generally Accepted Accounting Principles Inventory Balance sheet
Advanced Search Join Us On Call 1300 134 518 Home Students Area Teachers Area Our Teachers ATAR Testimonials Contact Us Specials Home Students VCE Subjects IT Applications VCE Subjects Accounting Biology Business Management Chemistry Economics English English Language Food and Technology Further Mathematics Health and Human Development IT Applications Legal Studies Mathematical
Premium Management Data management Education