HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
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Occupational standards are the first steps in gaining qualifications that identify the competence of an individuals capability to do there job in an efficient manner and produce the best work possible. There are specific targets/specific standards that must be met as part of there job role. Employees also must have an understanding of the job role they have undertaken as part of occupational standards. For employers to identify if and where training is required employees must demonstrate there capabilities
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What are the standards? Standards are documented agreements containing technical specifications or other precise criteria to be used consistently as rules‚ guidelines‚ or definitions of characteristics‚ to ensure that materials‚ products‚ processes and services are fit for their purpose. For example‚ the format of the credit cards‚ phone cards‚ and "smart" cards that have become commonplace is derived from an ISO International Standard. Adhering to the standard‚ which defines such features
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Introduction In this assignment I will inform about two main ways of managing business finance is to use break even and cash flow forecasting I will include advantages and disadvantages. Cash flow forecasting Is outflows and inflows putted together; usually outflows and inflows are crated in Microsoft Excel. In Microsoft Excel really easy to calculates inflows and outflows because of a formulas that do all the maths for example “=B1+B16” this formula will add box number (B1) and (B16) together
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Explain how organisations use information The way they use information is so that they can plan better and also exploit the business better monitoring and controlling on how they run the business and by using certain types of activities Some organisations use business information to help them become more effective for them. Four of the most important ways are operational support‚ analysis‚ decision making and gaining advantage. There is a bit of information on these types down below in the table
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In this piece of work‚ the potential effects of five different life factors can affect the development of an individual. Different life factors can cause many effects on an individuals development in certain stages of their life which is caused by problems to an individuals development. This is normally due to genes‚ biologically‚ life style‚ environment etc. Genetic Coeliac disease is more likely to occur in a person’s development through having a parent who carries the gene. People who have
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Case Study - John is 18 and lives at home with his mother and father. He has not left the house for the last 2 years as sufferers from agoraphobia. During the last 2 years johns weight has dramatically increased he is considered to be morbidly obese‚ This is a concern for the health care professionals that work with him and also his parents‚ as johns father has coronary heart disease and high blood pressure. John recently had a medical examination which highlighted high blood pressure‚ which can
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|Assignment brief – 1 | |Unit number and title |Unit 33 – The impact of communication technology on business | |Qualification |BTEC National Business | |Start date
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The question to ask is: ‘Why not use Standard English all the time?’ Language is a powerful communication tool the user holds to express their individual identity and ingroup solidarity. The use of Standard English helps to direct this‚ as it acts as the structure of communication‚ ingroup and between speech communities to effectively present a standard for mutual understanding. Outside of Standard English comes the use of slang‚ netspeak and textspeak‚ which helps to develop and enrich the language
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