The Accounting Cycle Deanna Ruocco ACC 421 June 18‚ 2012 Bryan Lichau The Accounting Cycle The accounting cycle is a process that normally uses accounting procedures to record transactions and prepare financial statements of a company. The accounting cycle is made up of nine steps: Journalizing‚ posting‚ trial balance‚ adjusting entries‚ adjusted trial balance‚ preparing financial statements‚ closing‚ post-closing trial balance‚ and reversing entries. This presentation
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Recap of what we covered last class Nine Step Model of Design Process 1. Recognizing the need 2. Defining the problem 3. Planning the project 4. Gathering information 5. Conceptualizing alternative approaches 6. Evaluating the alternatives 7. Selecting the preferred alternative 8. Communicating the design 9. Implementing the preferred design 1 Hyman/Chapter 1-Introduction to Engineering Design/Rev. 6/24/02 Lecture 3 Problem Formulation Chapter 2 1. Recognizing the need
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Philippine Standard on Auditing 200 – Overall objectives of the independent auditor and the conduct of an audit in accordance with Philippine standards on auditing Scope of the PSA – identifies the nature and scope of the PSA’s +++>> to establish the objectives and responsibilities of an auditor. An Audit of Financial Statements 3. The purpose of an audit is to enhance the degree of confidence of the intended users in the financial statements through the auditor’s opinion. 4. The management
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100 Words for Facial Expressions 1. Absent: preoccupied 2. Agonized: as if in pain or tormented 3. Alluring: attractive‚ in the sense of arousing desire 4. Appealing: attractive‚ in the sense of encouraging goodwill and/or interest 5. Beatific: see blissful 6. Bilious: ill-natured 7. Black: angry or sad‚ or see hostile 8. Bleak: see grim and hopeless 9. Blinking: surprise‚ or lack of concern 10. Blissful: showing a state of happiness or divine contentment 11. Blithe: carefree‚ lighthearted‚ or heedlessly
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1915‚ The Thirty-Nine Steps is John Buchan’s first book in which Richard Hannay has one of his many adventures. This newest edition is part of Penguin’s Great Books for Boys collection‚ which focuses on celebrating the adventurer within every boy. It’s not just boys who have an inner adventurer. The series‚ whether you’re young or old‚ male or female‚ will appeal to those who enjoy a thrilling edge-of-your-seat read. Set just four weeks before World War I‚ The Thirty-Nine Steps is the story of Richard
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Nine Guardians Throughout time man has oppressed his own kind. In The Nine Guardians man‚ in this case the Spanish man is oppressing the Mexican Indians. Just like history before the oppression of the Mexican Indians the oppressed revolt. In The Nine Guardians when the Indians revolt it causes death‚ degradation of a family‚ mental strain to the point of insanity and property damage‚ just as revolts before it. Death is caused by a revolting Indian‚ attempting to stop a "help letter" from
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Accounting for the iPhone at Apple‚ Inc. (HBS 9-111-003) 1. Exhibit 3 provides the journal entries under subscription accounting. Refer to the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues
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Running head: ACCOUNTING CYCLE PAPER Accounting Cycle Paper ACC/421 Intermediate Financial Accounting I University of Phoenix January 10‚ 2011 Accounting Cycle Paper When making decisions‚ businesses must provide and be able to gather relevant and accurate financial information. Being able to gather and understand this information helps companies make the best informed decisions for business operations‚ which can only benefit the company. When it comes to gathering the information
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Company history: When was the company founded? By whom? List other historical facts. Who is the audit firm for the company? What stock exchange is the company listed on? What is their ticker symbol? How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods? What were the company’s total current assets at the end of its 2 most recent annual reporting periods? In what order should current assets be presented? What were
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Walker ACC/340 – Accounting Information Systems I February 23‚ 2015 Joyce Williams Introduction Riordan Manufacturing Inc. Dr. Riordin started Riordin Manufacturing Inc. in the year 1991. This is an industry leading in using polymer materials to provide solutions to customers challenges. Production: Beverage containers‚ beverage makers‚ and bottlers. Automotive parts‚ aircraft parts‚ appliances Custom parts and plastic fans Introduction The accounting cycle Revenue Cycle Internet/Intranet
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