General Accounting Principles and Accounting Cycle A Accounting 1) What is accounting? Accounting is the production of financial statements/ records for an organization. 2) What is the purpose of accounting? To report financial information to Investors and Creditors and for analysis. 3) What is the reason for taking accounting? It is used everywhere‚ to better understand accounting information. B Accounting Cycle 1) Terminology Accounting - process of identifying‚ measuring‚ and reporting
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Case Study 1 (Part A) P2-69B (Learning Objectives 4‚ 5‚ 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operations‚ Johnson Plumbing‚ Inc.‚ completed the following transactions: Mar 2 Johnson received $35‚000 cash and issued common stock to the stockholders. 3 Purchased supplies‚ $200‚ and equipment‚ $3‚200‚ on account. 4 Performed services for a client and received cash
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Unit 1. Lab 1. Fixed Line vs. Cellular Debate A cellular network or mobile network is a wireless network distributed over land areas called cells‚ each served by at least one fixed-location transceivers known as a cell site or base station. In a cellular network‚ each cell uses a different set of frequencies from neighboring cells‚ to avoid interference and provide guaranteed bandwidth with each cell. When joined together these cells provide radio coverage over a wide geographic area. This enables
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1. What section of your organization do you belong? What section of your organization do you belong? Operations Human Resources Logistics/Sales/Supply Chain Finance Top Management Other (please specify) 2. What sector of industry does your company belong? What sector of industry does your company belong? Food/Beverages/Agriculture/Drugs Textiles‚ Garments and Accessories Wood/ Paper/Furniture/Glass/Plastics Chemical/Process/Mining/Oil and Gas Metals/Machines/Automotive/Equipments Electronics/Phones/Computers
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Unit 1 Assignment 1: Identification‚ Authentication‚ and Authorization Techniques A = Assigned to the user F = Needed for primary function T = Temporary N = Never BP = By Position Assigned RO = Read Only Segregation of Duties Matrix (System User–Rights and Permissions) Department Jennifer Buster Bradley Lloyd LuEllen Robert Spare Sam Receiving A A A A A A A A Shipping A A A A A A A A Sales A A A A A A A A Accounts Payable A A A A A A A A Segregation of Duties Matrix (System
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Unit 1 Assignment 1: Computer Basics Review Key terms Computer= A device that processes-receives in‚ thinks about‚ changes‚ stores‚ sends out‚ displays‚ and prints data in the form of bits. Bit= The smallest unit of data stored in a computing device‚ representing a single binary digit of value 0 or 1. Byte= A unit of data in a computer: 8 bits Random-Access memory (RAM)= Character set= A list of the characters that can be used in a given language or languages‚ mapped to corresponding unique binary
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financial performance with the performance of other competitors. The performance review process Sales growth Profitability Financial Leverage Performance review Liquidity Asset Management Assessing a Company’s Future Financial Health Questions • What is your assessment of the performance of SciTronics in 2008 versus 2005? • We can identify 4 main areas of analysis to asses a performance of a company – Sales Growth – How does the company grow over time? – Profitability – How profitable is the company
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1 Business Activities and the Role of Accounting Firm’s Objectives • What is the Objective (Goal) of a Firm? – Delivering high quality products? – Producing at the lowest possible cost? – Developing innovative products? – High customer satisfaction? – A state bailout? – Long-term growth? – Survival? – Making money? /Industrial Engineering and Innovation Sciences Maximize shareholder value PAGE 2 Finance and Accounting in the Organization and Accounting Secure financial resources It is what
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without client’s informed consent Comments Client gets to make the major decisions including settlement If you get into a fundamental disagreement with the client‚ the lawyer may withdraw The client may authorize you to take certain actions on behalf of the client without further consultation – you can rely on this until it is revoked. Do not let any limited representation affect the competence of your representation Lawyer cannot continue assisting a client in conduct that the lawyer originally
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Unit 1 Health and safety in the engineering workplace. Understanding the key features of health & safety legislation and regulations. How to write the first assignment for Unit 1. Use this planning sheet to help. P1. Research and explain the key features of relevant regulations as applied to 2 separate working environments. Workplace 1: Mondelez UK Legislation that I want to cover and how it relates to this place of work: 1. 2. 3. 4. Workplace 2: Legislation that I want to cover and how it relates
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