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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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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In writing the Crime novel ‘The Client’‚ John Grisham has quite effectively intertwined the plot‚ characters‚ themes and issues to create a dramatic and suspenseful story. To do this he creates strong interesting characters along with an in depth storyline to lure the reader in. John Grisham raises important themes and issues in all his novels‚ this story raises such issues as suicide and corruption. In ‘The Client’ we are faced with rather rough but also innocent young
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The following Request for Proposal questionnaire is a tool that supports the overall selection process of suitable investment managers to help meet your business and client proposition needs. Other tools and templates are also available so please contact your Business Development Manager for more information. Request for Proposal questionnaire - Investment Management Aim The aim of this stage of the process is to form a match of the investment managers’ propositions against your
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Client Understanding Paper When accounting professionals work with clients outside the profession‚ there is a lessened understanding of the rules and regulations required by the Financial Accounting Standards Board (FASB). Clients will ask questions when they do not understand the reasoning behind the information needed. Adjusting costs‚ determining capitalization‚ asset disposal‚ and goodwill are often harder to understand concepts in accounting and the accountant needs to be able to explain
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Client Interaction Strategy Consulting for Kudler Fine Foods requires constant communications with all staff and management on various levels. Appropriate influence techniques are important to whether or not the new HRIS software system can be implemented correctly. As the consultant‚ I will address several tactics that will assist the consultant with an interaction strategy to communication effectively with different members of Kudler Fine Foods. The first tactic is to identify the main players
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THE DEPRESSED CLIENT AND CBT The Oxford College notes (2006) define depression as a major affective disorder because it affects feelings‚ mood‚ and thoughts. Feltham and Dryden (1997) define depression as a short-lived mood or chronic condition characterised by hopelessness‚ apathy‚ meaninglessness‚ withdrawal‚ low self-esteem‚ sadness. Depression affects or reveals itself in sadness‚ dejection; depressed cognitions include negative evaluation of one’s self‚ the world and one’s future. Depressed
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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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