Week One Content Outline: University of Phoenix Tools and Basic Concepts of Accounting OBJECTIVE: Use the tools available to University of Phoenix graduate students. Resource: University of Phoenix student Web site: https://ecampus.phoenix.edu Content University Library Center for Writing Excellence Student Web site OBJECTIVE: Identify the hierarchy of sources for generally accepted accounting principles. Resource: Ch. 1 of Intermediate Accounting Content Financial accounting
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Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30‚ 2011. The budget provides for estimated revenues of $2‚700‚000 as follows: property taxes‚ $1‚900‚000; licenses and permits‚ $350‚000; fines and forfeits‚ $250‚000; and intergovernmental (state grants)‚ $200‚000. The budget approved appropriations of $2‚650‚000 as follows: General Government‚ $500‚000; Public Safety‚ $1‚600‚000;
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Introduction IN1 International Accounting Standard 16 Property‚ Plant and Equipment (IAS 16) replaces IAS 16 Property‚ Plant and Equipment (revised in 1998)‚ and should be applied for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. The Standard also replaces the following Interpretations: • SIC-6 Costs of Modifying Existing Software • SIC-14 Property‚ Plant and Equipment—Compensation for the Impairment or Loss of Items • SIC-23 Property‚ Plant and
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Week Two Exercise Assignment Revenue and Expenses 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters‚ parties‚ conventions‚ and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense‚ (2) unearned revenue‚ (3) accrued expense‚ (4) accrued revenue‚ or (5) none of the foregoing. a. Interest owed on the company’s bank loan‚ to be paid in early July Prepaid expense
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Financial Statements ACC/290 September 14‚ 2012 Financial Statements This written essay will discuss the four basic financial statements used in accounting. It will describe the purpose of the four financial statements. How these statements would be useful to internal users‚ such as managers‚ and employees. How the external users‚ such as investors‚ and creditors would find these statements useful. Four Basic Financial Statements The four basic financial statements used in accounting
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* Jonda Brantley * 11/09/2012 * ACC 220 Wk 2 Financial Statement * * A balance sheet is summary of a company’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues‚ gross profits‚ operating income‚ and net worth. All businesses need to have revenue in order to establish a good foundation
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Is 16 young to drive? 16 year olds everywhere are soon going to be able to drive but according to Today news 16 year olds get into more accidents than anyone else in the U.S. I believe that the driving age should be raised to 18 for the safety of everyone. 16 year olds can be reckless and cause crashes. 16 year olds are also proven to get into numerous accidents and they can get distracted at the wheel. 16 year olds get into the most car collisions; they even at times cause deaths. Usually
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CHAPTER REVIEW Kieso 13e 1. Chapter 16 examines the issues related to accounting for dilutive securities at date of issuance and at time of conversion. Also‚ the impact of the computation of earnings per share is presented. The significance attached to the earnings per share figure by stock-holders and potential investors has caused the accounting profession to direct a great deal of attention to the calculation and presentation of earnings per share. Dilutive Securities 2. (S.O. 1) Dilutive
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16 Year Olds and Driving Permits Motor vehicle crashes are the most common cause of death among teenagers in the United States. A question among many debaters is if teens should be allowed to drive at the age of 16‚ what about if it affects the driver to drive with other teens‚ also if it affects the driver to be driving at night. I will list the positives and negatives of these the questions‚ and you‚ the reader‚ may choose your side. In 1998‚ 38% of deaths from all causes among teens 15 to
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Flexible Budgets ACC/543 May 14‚ 2012 Write a paper of no more than 1‚050 words in which you discuss flexible budgets. Explain the relationship between fixed and variable costs used in a flexible budget. (SAID) Discuss the differences between static and flexible budgets and (Cynthia) how a flexible budget lends itself to a cost-volume-profit analysis. Intro and Conclusion/ Compile and Submit Format your paper consistent with APA guidelines Flexible
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