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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Ages refers to a period of isolation and fragmentation in Europe. Although this may have been the case in some areas‚ shipbuilding advanced in Scandinavia under the Vikings. The Vikings invented a narrow ship design that promoted speed and maneuverability. The extraordinary advancements of Viking shipwrights and seafarers allowed the Vikings to become more successful than their counterparts in medieval Europe due to their superior building techniques‚ capability to perform different tasks‚ and the
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Case in point articles [First Last] SCI/362 [Date] [Professor] Case in Point Articles The cases in point for chapter 11 through 13 focus on different energy resources and how there are two sides to every type of energy-based need. Chapter 11 informs of us about how increasing oil exploration could destroy fragile habitats. Chapter 12 explains about the complications involved in storing dangerous radioactive wastes. Chapter 13 tells us about how even an ‘eco-friendly’ energy source can hurt
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CLICK TO DOWNLOAD MAT 540 WEEK 1 TO 11(Strayer) MAT540 Week 1 Homework Chapter 1‚ Problems 2‚ 4‚ 12‚ 14‚ 20‚ 22 2. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $60‚000.The variable cost of recapping a tire is $9.The company charges $25 to recap a tire. a. For an annual volume of 12‚000 tires‚ determine the total cost‚ total revenue‚ and profit. b. Determine the annual break-even volume for the Retread Tire Company operation. 4. Evergreen
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Solutions to Exercises and Problems Tutorial 1 IFM Case 2-2 Case 2-2 SKD Limited 1. Goodwill a. There is no goodwill amortization expense in Country A‚ so the goodwill amortization expense recognized by SKD must be added back to determine income under Country A GAAP. SKD amortizes goodwill over a longer period (20 years) than is allowed in Country B (5 years)‚ so an additional amount of goodwill amortization expense must be recognized to determine income under Country B GAAP‚ which reduces
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WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 1 Introduction to Financial Accounting & Key Financial Statements Student Handout Lecturer: Dr. Youngdeok Lim School of Accounting UNSW QUAD 3069 youngdeok.lim@unsw.edu.au Blackboard: http://telt.unsw.edu.au. Session 1‚ 2013 WEEK 1: Introduction to Financial Accounting & Key Financial Statements Welcome to Accounting and Financial Management 1A. In this first lecture
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Our Great Adventure Jeanna Zentgraf DeVry University‚ ENGL 112 Professor Hale March 6‚ 2011 Our Great Adventure When some friends of ours offered us a piece of property in Tennessee‚ we jumped at the prospect of moving to the mountains. For us‚ moving to the Tennessee Mountains was to be a great adventure for my family‚ but with all of the problems that we would encounter; it turned out to be something that we wanted to forget. We were moving to the mountains to
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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This is the cause of budget cuts and school board mandates of study. Proper eating habits are mentioned only in passing in general science class and may have no impact or follow-up for Meghan or her fellow students. The primary stakeholders in this case are Meghan and her parents. They will be the ones most affected by Meghan’s disorder. The parents are the caretakers and this can take a heavy toll on them financially‚ physically‚ and emotionally. The parents must be taught the symptoms they need
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I am honored to be chosen as one of the medieval time travelers to witness the history in the Fifth Century. I found out that the people during that time suffered greatly due to disease and war. They studied‚ worked‚ and they played‚ just like we do today. I discovered also a huge gap between rich and poor. They had highly organized system of government and religion. There’s no doubt that our today’s modern society is developed from the past. Europe in the Middle Age saw a mix of Roman‚ Germanic
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