Welcome to the AOF Principles of Accounting course! Over the next few months you’ll learn a great deal about the accounting function. You will learn that accounting has become the language of business as it is the way resources and resource changes are recorded in an organization. Accounting explains what resources you have and how you acquired them. Accounting plays an important role in the everyday operations of a business and provides the information in high-stakes decision making and analysis. Moreover, accounting can be as fun as it is financially rewarding.…
The accounting clerks classifies, computes, records, and verifies the numerical data as to maintain the accounting records. The computer support has the resonsibility for installing, modifying, and upgrading the computer systems, and train the staff on hhow to use the new equipment. The Human Resources director, Joan Davis, has the task to develop policies while directing and coordinating administrative and human resources activities, this would include hiring, compensation, labor relations, benefits, training new hires, and…
Accounting plays a huge role within healthcare industry. If healthcare companies did not have an accounting department, it would be nearly impossible for it to operate effectively. Without an accounting department, it would be difficult to determine exactly how an organization is doing financially. According to Emporia State University (2013), “Accounting is the language of finance, and accountants are the soldiers on the front lines of financial success. They provide businesses with the data that determines the financial health of an organization and help inform solid business decisions”. Organizations could not grow and thrive without accounting.…
This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision-making, planning, and controlling from the perspective of a practicing manager.…
The accounting office is part of the administration department and includes one full-time employee who performs the duties pertaining to accounts payable and one full-time employee who performs the duties pertaining to accounts receivables. The payroll, which is performed bi-weekly, is also part of the accounts receivable employee's job responsibilities. The administrator/owner and I oversee the accounting office functions as well as performing specific aspects of the accounting cycle on a monthly basis. The administrator/owner often works from home and I am not actually located in the accounting office on a full-time basis because I also oversee the day-to-day operations of the whole facility.…
The main objective is for students to gain a working knowledge of financial and managerial accounting through associated terminology and problem solving. The main topics covered will be as follows:…
This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision making, planning, and controlling from the perspective of a practicing manager.…
This paper is going to give description of the company I work for currently. Within this description I will discuss my job within the company and how it affects managerial accounting. Also explained throughout will be how managerial accounting is used as far as planning and controlling. Lastly I will us some comparisons of other companies and the differences with each other’s managerial accounting.…
"The great thing about working in the Accounting Department is that everybody counts." (Alternative Accountant.com). Accounting plays important role for correct and satisfied operating of any organization, the development of any business is only possible, if we record all business transactions with correct method and analyze them Like most of company uses accounting to determine the actual position of the company, monitor cash position and so forth.…
Adjacent to the Office of the Registrar, are the Alumni Office and the Tellering Office. The staff in the Tellering Office attends to any financial transaction of the students. On the other hand, the Alumni Office attends to tuition fee discounts of siblings and children of Alumni and to other general alumni concerns.…
In the survey of executive officers three accounting firms were discussed in “Exibit 1” of…
Users of accounting information are either internal or external to the organization. These users need information to help them make informed or reliable decisions or judgements with regards to the organization. Different groups have different demands for the financial information contained in a set of accounts.…
Accounting and management are two popular majors of university disciplines. In this report, the disciplines of these two major will be compared and contrasted. There are four main areas enabling the two disciplines to be distinguished, which in terms of substance, source of data, knowledge source and teaching modes.…
• To provide students with a better understanding of accounting processes in a business environment. Students will be able source out information on a number of topics in accounting that are related to the module undertaken.…
The Accounting Office is charged with the preparation of financial statements and other records, recording all official financial transactions, journal entries and account classification and keeping and maintaining complete, accurate and update subsidiary ledgers for all accounts.…