1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: • • • Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions of a business The reporting of results Providing financial information as a basis for decision making 3 main processes define the accounting process: 1. IDENTIFYING: Selecting evidence of economic / financial activity (transactions) 2. RECORDING transactions to provide a permanent
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Huffman Trucking ERD Explanation Alvin Calahan‚ Adam Morgan University of Phoenix Database Concepts DBM/380 Michael James November 19‚ 2011 Huffman Trucking ERD Explanation Huffman Trucking‚ founded in 1936 with a single tractor trailer has grown tremendously over the years. Huffman Trucking now has 800 road trailers‚ 2100 45 ft. trailers‚ 260 roll-on and roll-off units‚ 925 drivers‚ and 425 support personnel. With facilities in Cleveland‚ OH‚ Los Angeles‚ CA‚ St. Louis‚ MO‚ and Bayonne
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B6013 Spring 2010 B6013 - Financial Accounting Financial Assets and Liabilities Shareholder’s Equity Professor Urooj Khan o esso U ooj a Outline – Session 19 1. Financial Assets and Liabilities – Accounting for Financial Assets 2. Shareholder’s Equity – – – – Capital Stock Cisco Case Dividends and Share Repurchases Comprehensive I C h i Income B6013 Spring 2010 © Columbia Business School 2 Prof. Urooj Khan 1 B6013 Spring 2010 Background Readings and Practice Problems
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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| (46‚000) | | |Trade Creditors | | 66‚000 | |Long-term Loans from banks |
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Team B Huffman Trucking Project Paper Project Overview Huffman Trucking is a large organization that provides transportation of goods and services to its customers. In order to better serve these customers and to compete and stay at a high level above other suppliers‚ Huffman Trucking management enlisted the assistance of Team B to upgrade their companies systems to be able to create‚ maintain‚ and report on a database‚ which tracks the servicing of Huffman Trucking vehicles. Huffman Trucking
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| | | |Module Title / Assignment Number: Financial Accounting | | | |Submission Date: January 6th
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21. Generally accepted accounting principles c. derive their credibility and authority from general recognition and acceptance by the accounting profession. 22. A soundly developed conceptual framework of concepts and objectives should d. all of these. 23. Which of the following (a-c) are not true concerning a conceptual framework in account-ing? c. It should be based on fundamental truths that are derived from the laws of nature. S24. Which of the following is not a benefit associated
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Introduction Huffman Trucking is in need of a system to help maintain its large trucking fleet’s maintenance‚ purchases‚ and vehicles. What is being purposed is a relational database that will greatly improve the record keeping for its fleet. This system will allow for reports to be generated to ensure that all vehicles have been properly maintained and record the daily operations of the maintenance department. The types of reports that can be generated are: * Parts Inventory Purchase
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As pointed out previously‚ Huffman Trucking has experienced tremendous growth over the past few years. Our huge trucking fleet and large number of employees exceed the usual numbers for a privately held trucking company. The growth of our company has become so significant that we must now face the issue of expanding our business. Even though our expansion can be done in many ways‚ our financial team has narrowed down our expansion options to becoming a publicly shared company (through an IPO)‚ acquiring
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