Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
Free Accountancy Accountant Leonardo da Vinci
Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
Premium Balance sheet Generally Accepted Accounting Principles Income statement
further. The Reflected Best Self exercise‚ formulated by the Ross School of Business at the University of Michigan‚ is one tool that can be used by anyone as a way of identifying their key strengths and how to utilize them effectively. Through this exercise‚ I was able to learn what others observed as my key strengths‚ what my enablers and blockers are‚ and how I can better apply my strengths to numerous different situations throughout my life in order to be my best self. Ultimately‚ through the responses
Premium Management Strategic management Business
Should people use self-driving cars? Are they safe?“Beep‚ beep. Car‚ which currently reaches only 40 km/h‚ faces many legal‚ regulatory hurdles’’ – CBC News.People should not drive self-driving cars. Self-driving cars have too many disadvantages than advantages on the car‚ it’s going to be a expensive chance of risking our lives in the car and on the road. Something might malfunction with the computer and other stuff that goes on in the car and the driver would not be able to control the car and
Premium
ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
A self-driving car can sense its environment and things around it. It also has a GPS unit in the car‚ the car uses the positional information from the GPS to localize itself and give a 3-D image. From the 3-D images‚ humans program the car to make intelligent decisions ‚ for example using the 3-D to find an optimal path to their destination that avoids obstacles. Once the vehicle finds the best path to take‚ it sends a signal to the different parts of the car(steering‚ braking‚ throttle etc)
Premium Automobile Vehicle Driverless car
What is the ethical question posed by new technology - in this case‚ self-driving cars? The self-driving cars have the potential to save lives more than human drivers. The ethical question arises when it is faced with a situation‚ where it has to make a choice of whether to save the driver and passengers or pedestrians. This question is further deepened by‚ who is going to make that choice of programming the self-driving cars‚ what level of consideration will pedestrians have‚ if such a scenario
Premium Automobile Vehicle Driverless car
A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
Premium Government Federal government of the United States Generally Accepted Accounting Principles
employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
Premium Balance sheet Generally Accepted Accounting Principles Finance
Scenario Self Esteem Jazmyn Lockhart Self-esteem‚ self-concept and self-efficacy all work together in influencing almost every part of a person’s life; social life‚ a person’s career‚ romantic relationships‚ physical appearance‚ mental health and etc. The distinction between the three is; self-esteem is what a person’s feels about oneself; having the experience of feeling capable to deal with everyday challenges of life. Whereas a person’s self-concept is what one thinks about his or her self. A person’s
Premium