MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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Basic Accounting Concepts and Business Structures Rose Latifi ACC 537 November 10th 2012 Professor Joh David Basic Accounting Concepts and Business Structures Generally Accepted Accounting Principles (GAAP) and Related Hierarchy The common set of standards and procedures is called generally accepted accounting principles (GAAP). Four organizations are instrumental in the development of financial accounting standards (GAAP) in the United States: 1- Securities and Exchange Commission (SEC)
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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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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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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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Cheat Sheet for Test 3 What is stress? Any force that pushes the body out of optimum homeostatic conditions Stressors include Digesting food‚ exercising‚ waking after a long sleep Walking outdoors after being indoors Impending happy event such as a wedding or party‚ falling in love Arguments ‚ over work‚ exams The General Adaptation Syndrome is A predictable set of behavioral
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What is Elasticity? - Elasticity refers to the degree of responsiveness in supply or demand in relation to changes in price. If a curve is more elastic‚ then small changes in price will cause large changes in quantity consumed. If a curve is less elastic‚ then it will take large changes in price to effect a change in quantity consumed. Graphically‚ elasticity can be represented by the appearance of the supply or demand curve. A more elastic curve will be horizontal‚ and a less elastic curve will
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Luk’s Tax Cheat Sheet Types of Income and Net Income: Segment A: Employment Income‚ Business Income‚ Property Income‚ Other (alimony) Segment B: Taxable capital gains less allowable capital losses either + or zero Segment C: Other deductions ie. RRSP contribution‚ moving expense‚ etc. Segment D: Employment‚ business or property loss; allowable business investment loss Employment Test: Control Test: An employer has the right to tell an employee what to do‚ when‚ and how Ownership of Tools:
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The Basic Functions of an Accounting Information System. An accounting information system (AIS) provides financial information about a business. This information helps managers plan and control operations and provides reports to outside parties such as stockholders‚ creditors and government agencies. Parts of an accounting information system might include financial reporting‚ cost accounting‚ management accounting and enterprise resource planning (ERP). A well-designed AIS gives a business
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Calculus Cheat Sheet Derivatives Definition and Notation f ( x + h) - f ( x) . If y = f ( x ) then the derivative is defined to be f ¢ ( x ) = lim h ®0 h If y = f ( x ) then all of the following are equivalent notations for the derivative. df dy d f ¢ ( x ) = y¢ = = = ( f ( x ) ) = Df ( x ) dx dx dx If y = f ( x ) then‚ If y = f ( x ) all of the following are equivalent notations for derivative evaluated at x = a . df dy f ¢ ( a ) = y ¢ x =a = = = Df ( a ) dx x =a dx
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