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
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Institute members are entitled to a 40% discount on this kit. To take advantage of this offer visit www.thomsonreuters.com.au/icaa DISCLAIMER The information in this document is provided for general guidance only and on the understanding that it does not represent‚ and is not intended to be‚ advice. Whilst care has been taken in its preparation‚ it should not be used as a substitute for consultation with professional accounting‚ tax‚ legal or other advisors. Before making any decision or taking
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closing process zeroes out all revenues and expenses. -current assets will be used up or converted to cash within one year or the businesses operating cycle‚ whichever is the greater. -when a company is purchasing inventory‚ and pays early to take advantage of the purchase discount offered by the vendor‚ that amount is credited to the inventory account. -inventory are the items held by a company to be sold to customers. -net sales revenue is equal to sales revenue less sales returns and allowances
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Computerized Physician Order Entry (CPOE) systems allow clinicians to enter medication and other orders into a central electronic system. Those orders can then be conveyed to a pharmacy or other departments.1 Published studies report that CPOE reduces medication errors.2 However‚ there is a growing awareness and increasing documentation of concerns that CPOE can also introduce or facilitate new errors.3 Koppel et al’s recent report on computerized physician order entry (CPOE) evaluated its role in
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COMPUTERIZED MONITORING OF THE SSC (Supreme Student Council) FUNDS SYTEM OF PCIC (PHILIPPINE CENTRAL ISLANDS COLLEGE) by: Marynette B. Decalao John Nixelle R. De San Jose Objectives of the Study This study entitle “COMPUTERIZED MONITORING OF THE SUPREME STUDENT COUNCIL FUNDS SYSTEM OF PHILIPPINE CENTRAL ISLANDS COLLEGE” in this study intends to develop a supreme students council monitoring funds system. It also to solve the problem encountered and to change the manual monitoring to computerized
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BSBA III- Financial Management Credit and Collection ADVANTAGES OF CREDIT It’s convenient to use in a wide variety of place in stores‚ on the phone or online. You can manage your budget using your monthly statement with the details of all purchases. It is safer than carrying a lot of cash. You can earn prizes like rebates or points. DISADVANTAGES OF CREDIT If you make late payments‚ do not pay the balance in full‚ or exceed your credit limit‚ you will have to pay extra in fees and interest. Credit
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Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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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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Abstract The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments and presents several challenges‚ which may necessitate a variety of procedural and technical data processing changes. Regulatory consolidation under the influence of international accounting standards The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments. On the one hand‚ publicly
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