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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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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The Answer Is No From centuries to centuries the role of women has been predominantly subordinate to the role of men. Men have been known to be superior in both physical and mental levels. They are also most likely to have an "upper hand" in situations based on their gender. An example of such situation is taken place in "The Answer Is No"‚ written by Naguib Mahfouz. This story has a considerable amount of sexual politics. On one side you have a women who is powerless and feels trapped because of
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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FACULTY ATTENDANCE USING BIOMETRICS WITH PAYROLL SYSTEM IN CAVITE STATE UNIVERSITY – SILANG CAMPUS Leren Jasper T. Magbujos Dan Louie P. Villacampa Charlene Ann M. Payad INTRODUCTION In modern world there are many systems that are implemented to some industries in order to improve the manual transaction of the University. As new generation comes‚ a new technology has been developed to provide the users a fast and reliable transaction. This study tells the use of computer that will
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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Package Scheme of Incentives - 2013 1088/(7056)/IND-8‚ dated the 22/02/1989‚ 19. No. IDL-1093/(8889)/IND-8‚ dated the 07/05/1993‚ 20. No. IDL-1093/(9378)/IND-8‚ dated the 06/07/1994‚ 21. No. IDL-1095/(10092)/IND-8‚ dated the 03/01/1996‚ 22. No. IDL-1096/(13251)/IND-8‚ dated the 12/03/1997‚ 23. No. IDL-1096/(13211)/IND-8‚ dated the 20/06/1997‚ 24. No. IDL-1097/(13563)/IND-8‚ dated the 27/11/1997‚ 25. No. IDL-1097/(13637)/IND-8‚ dated the 28/11/1997‚ 26. No. IDL-1097/(13478)/IND-8‚ dated the 29/11/1997
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collaborative research. 2 The Iowa Consortium for Substance Abuse Research and Evaluation What has changed? The treatment and prevention fields did not talk too much about evidence based practices. Now it is almost a given that programs and projects use evidence based methods to improve the life of people suffering from substance use disorders and to divert people from ever getting to a problem stage. Programs had little expectation or the capability to independently monitor their clients’
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E-Accounting. E-accounting is the application of online and Internet technologies to the business accounting function. Similar to e-mail being an electronic version of traditional mail‚ e-accounting is "electronic enablement" of accounting and accounting processes which are more traditionally manual and paper-based. E-accounting involves performing regular accounting functions‚ accounting research and the accounting training and education through various computer based /internet based accounting
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