Discuss how the accounting course has affected you in your professional development as a student and as a person as well as encouraging you on your academic path. During my younger days‚ I used to take principle of account (POA) in my secondary school. I could neither understand the subject nor know the important of how accounting will impact my career path. I have stop studying for 2 years due to national service and when I know that basic accounting was one of my foundation subjects‚ I was so
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Validity means that the information that has been collected and ready to be presented should be unbiased. It also means that the information should be representative and verifiable by an outside source as if it isn’t then the validity of the data is compromised and therefore considered unpresentable. To check that the information is valid you can check the format that the information is being presented in. An example of validity within a business is when they have their accounts audited as an auditor
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chapter explains why managerial accounting is important to the future careers of all business students. It answers three questions: (1) What is managerial accounting? (2) Why does managerial accounting matter to your career? and (3) What skills do managers need to succeed? It also discusses the importance of ethics in business and corporate social responsibility. I. What is managerial accounting? A. Examine the difference between Financial and managerial accounting • Financial
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Chapter 01 Managerial Accounting and Cost Concepts Answer Key True / False Questions 1. Managerial accounting is primarily concerned with the organization as a whole rather than with segments of the organization. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Bloom’s: Knowledge Learning Objective: 1 Level: Easy 2. Managerial accounting places less emphasis on nonmonetary data than financial accounting. FALSE AACSB: Reflective Thinking AICPA
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being accurate‚ responsible‚ but they do have to be respectful to the historian who did the research. Disney is not accurate‚ responsible‚ and they are respectful towards the movie. Disney is not accurate because they have to make the movie appropriate to watch. The movie didn’t get her in the True Relation. In Adams interpretation‚ it says‚ “ Smith never mentioned Pocahontas in a true relation.” This means that Pocahontas was never talked about and how she saved John’s life. This is why Disney
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Why are accurate financial statements important for outside business interests? Matt ACC 205: Principles of Accounting I Professor Kaplan Ashford University December 22‚ 2011 Accounting is specifically “a system by which economic information is identified‚ recorded‚ summarized and reported for the use of decision makers”; however‚ accounting involves interpretation and analyzing of all financial information‚ including taxing‚ personal financial information and investment (Alba
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Accounting Articulation Shelley Smith MAN104 July 6‚ 2013 Instructor Natalie Rufa Accounting Articulation “You have to understand accounting and you have to understand the nuances of accounting. It’s the language of business and it’s an imperfect language…” – Warren Buffett lan·guage [lang-gwij] noun … any set or system of such symbols as used in a more or less uniform fashion by a number of people‚ who are thus enabled to communicate intelligibly with one another. If we use
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PROJECT PROPOSAL TITLE: ICT AND ACCOUNTING INFORMATION INTRODUCTION: We are in an era referred to as the JET AGE; an era where people are no longer interested in cars; they will prefer to fly‚ why? Basically because it is more comfortable and faster. An era that people will not want to try by guess work‚ everyone wants to be sure of the outcome of their actions. It is a generation that pays attention to speed and accuracy. It is pertinent to account for our resources as humans either as individuals
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Dr Fang (to be used in the workshop in week 1) Month-end balance sheet amounts for the dental practice of Dr Fang‚ a local dentist‚ for three consecutive months are presented below. The information is complete except for the balance in the owners’ equity account. Cash Accounts receivable Prepaid insurance Surgery equipment Building Land Accounts payable Wages payable Mortgage payable Owners’ Equity 31 October $ 9 100 16 100 700 29 800 81 000 33 000 10 100 5 100 34 700
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Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10‚ 2006 What does ethics have to do with accounting? Everything‚ since there have been some recent financial accounting scandals; a few examples being Xerox‚ WorldCom‚ Enron‚ which have generated much unwanted and unfavorable publicity for CPA’s‚ including those working as controllers or chief financial officers for organizations. When you hear the
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