Assignment 2: You Are an Entrepreneur! Due Week 6 and worth 280 points Student life does not generally afford a great deal of free time to pursue your personal interests; however‚ at one point‚ you may have considered turning a personal interest or hobby into an official enterprise. Today‚ you have finally decided to turn that hobby into a business but have realized that you need start- up capital from a lender or investor. To obtain funding‚ you need to convince a lender / investor that your business
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special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a) The following are sales for the nine month period are as follows: Sales Forecast Month
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Sources of information gathering Primary and secondary data There are two types of data can be collected for the research‚ which are primary and secondary data. Primary data Primary data is the information collected for the specific purpose at hand. Gathering primary data might involved several approaches such as questionnaire‚ interview and observations. Compare to collecting secondary data‚ gathering primary data is more costly and time-consumed. Therefore there will be no gathering
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perceived. In an accounting context‚ the sustainability reporting has evolved into a kind of tool for an organization to show and present its Corporation Social Responsibility. Moreover‚ it is also the expectation for the business organization to operate in a sustainable way. In the recent researches‚ there are sufficient evidences show how important the sustainable development to the community? How the conventional accounting evolve into two breeds of accounting‚ which are social accounting and environment
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FORENSIC ACCOUNTING Alicia Johnson ACCT 310 Intermediate Accounting II Professor McNeal Fall 2004 Forensic Accounting is a fast growing field in the "World of Accounting". Its creation dates back to the early 1800 ’s in Glasgow‚ Scotland. Although it has been around for a long time‚ it has become increasingly popular in the past few years as there have been a number of corporate scandals‚ stricter reporting‚ and internal control regulations involving public awareness and importance in
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keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future statistics. An accountant is a person in charge of conducting
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Accounting Information System(AIS) - is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. Components of AIS a. People - the system users - professionals who may need to use an organization’s AIS include accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers
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How to write an accounting essay... The basis of most academic work is the ability to construct a good essay. Although this sounds obvious‚ it is a skill which most students need to develop as none of us is born with the natural ability to write an essay‚ never mind one which will both address a given topic effectively and adequately support an argument with evidence. The most important aspect of writing an accounting essay or report is that the content must be informative and factually accurate;
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ACCOUNTING ENVIRONMENT Learning Outcomes At the end of this chapter the students should be able to: Explain the meaning and purpose of accounting Describe the role of accounting as a information system Describe why accounting is considered as the language of business Assess the impact of external environmental factors on accounting Introduction Accounting has evolved and emerged as most other fields of human activity in response to the social and economic needs of society
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computerising accounting information systems (AIS) and telecommunicating accounting information over the web enhances the accounting functions in business organisations operating globally. Yet‚ the counter-claim is that the breaching of the security of such systems will be a great risk that needs to be properly managed in various ways. An accounting information system (AIS) is “ a collection of resources‚ such as people and equipment‚ designed to transform financial and other data into information.” (Khaled
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