According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly
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Case Study 2 – Internal Control A review of policies and procedures for LBJ Company has been conducted‚ and there is a distinct lack of internal control that must be addressed in order for the company to go public. Internal control is identified as: “the process designed to ensure reliable reporting‚ effective and efficient operations‚ and compliance with laws and regulations” (Edwards‚ 1994). Additionally‚ to attract prospective investors‚ LBJ Company must follow the guidelines identified by the
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What can do as AIS? User Designer Auditors System advisors Information system users Accountants use information systems to generate information for decision makers. Accountants as System Designers The accounting function is responsible for the conceptual system‚ while the computer function is responsible for the physical system. Accountants as System Auditors Financial auditors (Internal or External) Attest to fairness of financial statement Attest to fairness of internal controls
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These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. | Date Taken: | 8/3/2013 | Time Spent: | 24 min ‚ 43 secs | Points Received: | 90 / 100 (90%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 9 | | | Grade Details - All Questions | 1. | Question : | (TCO A) Which of the following statements is CORRECT? | | | Student Answer: | |
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Financial Analysis of Hershey and Tootsie Roll Keller University ACCT-504 Instructor: Financial Analysis of Hershey and Tootsie Roll Introduction Tootsie Roll and Hershey are two similar companies with a similar product offering‚ but they operate on entirely different scales. In an effort to determine the better investment of the two companies we will utilize multiple financial analysis ratios to gauge the health of the respective companies in terms of liquidity (the ability
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1.1 Diversity means difference. It recognises that even though people have things in common with each other they are also different in many different ways. Diversity concludes of non-visible and visible which include staff members‚ culture‚ personality etc. Characteristics that are included and protected under the legislation are gender‚ disability‚ age‚ race‚ religion and belief and sexual preferences. As being co-ordinator in the day centre it is important to understand that each staff member
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Shipping Goods * Sales orders→ shipping dept * Shipping document * Copy of sales order and shipping doc à acct dept * Bill of lading→ independent trucking company ships goods * Copy of bill of ladingà acct dept Billing Customers and Recording Sales * Prep invoice by authorized price list * Edit checks: make sure entered correctly * Updates: sales and a/r accts Processing and Recording Cash Receipts * Person opening mail send remittance advices àacct dept * Record
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consideration of the IP address’s class must be taken. Class A addresses have a default mask of 255.0.0.0; therefore‚ any 1s after the first octet will be considered subnet bits. The total number of network and subnet bits equal an address’s prefix. If a Class A address of 10.10.33.46 has a mask of 255.255.224.0‚ then all of the 1s in the binary form of that mask‚ which totals 19‚ would be the prefix. In CIDR notation‚ the address would be seen as 10.10.33.46/19. Dotted decimals IP Addresses are‚ for
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Money and Politics (Parties‚ Interest Groups‚ Elections‚ Public Opinion & the Media) VOCAB issue advocacy: unlimited and undisclosed spending by an individual or group on communications that do not use words like “vote for” or “vote against‚” although much of this activity is actually about electing or defeating candidates factions: A term used by James Madison and other founders of this country to refer to political parties as well as what we now call special interests or interest groups.
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PARTNERSHIP (H2) Unit 5 Table of Contents Task 1: Explain the concepts of partnership in a range of health and social care services Explain the concept of partnership Page 3 Investigate partnership relationships across a range of health and social care services Page 5/6 Task 2: Review existing practices of partnership at service user‚ professional and organisational level Research developments in working in partnership for a range of different users Page 5/6 Review
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