ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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Sociological Perspective In todays society it may seem crazy for one to sit down and try to comprehend why and how a person thinks‚ acts‚ and presents themselves to certain groups. Sociologists have the task of figuring out how groups influence an individuals behavior‚ what the causes and effects are of a system of social order‚ what factors play a key role in contributing to a visible social difference or change‚ what an organized groups purpose is‚ and lastly what is the meaning of a certain
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53 FAIR PRESENTATION---AN ETHICAL PERSPECTIVE ON FAIR VALUE ACCOUNTING PURSUANT TO THE SEC STUDY ON MARK-TO-MARKET ACCOUNTING Sharon S. Seay‚ Macon State College Wilhelmina H. Ford‚ Macon State College ABSTRACT Fair value accounting has received a significant amount of blame as the cause of the current financial crisis. Fair value accounting does not cause illiquidity or volatility in financial markets. Banks‚ rather than accounting‚ caused the existing crisis‚ ultimately through bad lending
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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Chapter 10 : Quadratic Relations and Conic Sections History of Conic Sections History of Conic Sections Apollonius of Perga (about 262-200 B.C.) was the last of the great mathematicians of the golden age of Greek mathematics. Apollonius‚ known as "the great geometer‚" arrived at the properties of the conic sections purely by geometry. His descriptions were so complete that he would have had little to learn about conic sections from our modern analytical geometry except for the improved modern
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scholars have taken issue with the argument that Sections 33 and 1 of the Charter facilitate dialogue. In theory Section 33 does provide a way for legislatures to force through legislation that would otherwise be struck down due to being in violation of certain sections of the Charter‚ but in reality‚ Section 33 has rarely been evoked (Cameron‚ 2004‚ 148). The political fallout associated with a government publicly overriding the Charter is so great that Section 33 is of relatively little importance (Cameron
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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
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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Week:2 Ishmael Section 1 (pgs. 1-63 assignment questions) 1.) After reading the ad for the teacher seeking a student‚ we get some insight about why the narrator had his reasons for saving the world. He explains that during the 60s and 70s an era known as a time of "peace and love" he "expected to see that the new era had begun‚ that the sky was a brighter blue and the grass a brighter green. I expected to heat laughter in the air and to see people dancing in the streets‚ and not just kids-everyone
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