Accounting 306 Exam 1 Notes Full Disclosure Principle – Calls for financial reporting of any financial facts significant enough to influence the judgment of an informed reader. Illustration 24-1: Financial Statements – Balance Sheet‚ Income Statement‚ Statement of Cash flows‚ and statement of changes in stockholders’ equity. Notes to financial statements – Accounting policies‚ contingencies‚ inventory methods‚ number of shares of stock outstanding‚ alternative measures. Supplementary Information
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1. Assignment 1A (10 points) (Question for Review 14‚ page 1-23 of your textbook Question: Summarize the procedure followed by the Human Resources Department in hiring new employees. The procedure that may be followed by the Human Resources Department in hiring new employees is: a. Receive request for new employee. b. Examine applications. c. Interview applicants. d. Administer tests. e. Check references. f. Select and notify successful applicant. g. Send information to Payroll Department
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Accounting software is very important when it comes to a company running smoothly. The Enterprise Resource planning software is for the largest organizations with sales exceeding $500 million and more than 500 employees. There are an estimated 17‚000 companies that fit this profile. A software system needs to meet the needs of the company and may need certain systems to benefit them the best. Companies may need to keep up with employees work hours‚ sales commission‚ and/or payroll. The ERP is for
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Jasmine Travis BUS3061 Professor Jerry Thomas July 17‚ 2014 1. Question 1: Proficient-level: There are several important functions performed in an organization‚ among which accounting is one of them. Define the accounting function and discuss how it differs from double-entry bookkeeping. Accountants analyze and interpret financial information‚ prepare financial statements‚ conduct audits‚ design accounting systems‚ prepare special business and financial studies‚ prepare forecasts and budgets
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Classes of Assertions: Classes of Transactions and Events for the Period Occurrence: transactions that have been recorded have occurred Completeness: All transactions and events that should have been recorded have been recorded Authorization: All transactions and events have been properly authorized Accuracy: Amounts have been recorded properly Cutoff: Transactions and events have been recorded in the correct accounting period Classification: transactions and events have
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Career Web sites that provide resources for school counseling professionals: School Counselors must provide students with the knowledge‚ attitude‚ and skills in the areas of academic‚ personal and social‚ and career development (American School Counselor Association‚ 2012). In todays technologically advanced world‚ school counselors often use different technologies to enhance and support the school counseling program (Dollarhide & Saginak‚ 2012). School counselors can use computers in various ways
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| | |School of Business | | |ACC/422 Version 6 | | |Intermediate Financial Accounting II | |
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Yahoo Voices - voices.yahoo.com. 2013. The Aztec Trading System - Yahoo Voices - voices.yahoo.com http://voices.yahoo.com/the-aztec-trading-system-735197.html. [Accessed 16 October 2013]. Welcome to the Aztec Civilization Website. 2013. Welcome to the Aztec Civilization Website. http://aztec.com/page.php?page=merchants. [Accessed 16 October 2013]. The Aztec society was a highly complex society which had been developed among the Aztecs in central Mexico. The society depended on a division between
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Resource: The Person Select three of the five clusters. Explain‚ in 200 to 300 words where you think you fall within the spectrum of each. Of the five clusters‚ where do you think your personality fits overall? I am very outgoing and sometimes consider myself to be very talkative‚ even when people tell me to be quiet I cannot help it. That is just the type of person I am. I like to be heard even if I am the only person listening to myself my brain is always running and developing new thoughts
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TUI University Module 2 – Case Assignment ACC 403 – Principles of Accounting For this Case Assignment I will show prepared income statements for E-company utilizing both variable (contribution margin) and traditional (absorption margin) methods. I will also show E-company’s computed contribution margin ratio‚ gross profit ratio and operating (net) income ratios‚ as well as explain the difference and reconcile operating income
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