Unit 1 Seminar- Financial Accounting vs. Managerial Accounting Bachelors Capstone in Accounting Melissa Reed ACC499-01 Professor Cheryl Peoples Financial accounting and managerial accounting are both very important tools used within businesses‚ but they serve very different purposes. “A business uses accounting to determine operational plans in the future‚ to review past performance and to check current business functions. Management and financial accounting have different audiences‚ as
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Unit 303: Principles of diversity‚ equality‚ and inclusion in adult social care settings. Outcome 1 Diversity‚ equality‚ inclusion and discrimination are all subjects that relate to an adult social care setting. Diversity‚ equality and inclusion are three features you would expect to be at the forefront of a care service provider‚ that meets legislation that support an individual’s right‚ to be an individual. Diversity relates to the fact that there are many different individuals that are different
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Unit 303 – Principles of diversity‚ equality and inclusion in adult social care settings Outcome 1 (1.1 1.2 1.3) Diversity is to respect everyone’s differences‚ regardless of race‚ nationality‚ age‚ religion‚ culture‚ gender‚ beliefs‚ ability and talent. Each person is an individual‚ and by respecting this people can be valued on their contributions‚ and not subject to negative response due to their differences. Respecting and embracing peoples differences will allow for a better working environment
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On January 1‚ 2007‚ Rotor Corporation acquired 30 percent of Stator Company ’s stock for $150‚000. On the acquisition date‚ Stator reported net assets of $450‚000 valued at historical cost and $500‚000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported net income of $25‚000 and $15‚000 and paid dividends of $10‚000 and $12‚000‚ respectively. Rotor uses the equity method. 1. Based on the
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Unit 1: The Business Environment Task 1: P1 – Here I will describe the type of business‚ purpose and ownership of two contrasting businesses. HSBC – The for profit business I have chosen is HSBC. It was founded in 1865 in Hong Kong. They are now based in Canary Wharf‚ London. HSBC offer various different financial services all over the globe. These include securities‚ multinational banking‚ loans and holdings. They are in the service sector. Profit in 2013: £10.4 billion Employees: 254‚066 worldwide
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Analysis and explain trends of the accounting ratios you have calculated in P3 (M2) Profitability Profitability ratios measure the profit of the firm in relation to another by comparing profit with sales. Profitability ratios figures shows how profitable a business is and it’s another great way to analyse the company’s overall performance compare to other businesses. If the company is making more profit shows that they are performing well and are good at managing their cost. These are 3 different
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Unit 1: An introduction to working with children. E1/E2) There are three main types of childcare settings; these are voluntary‚ statutory and private. Private settings are those which are set up to make the owner a profit. A few examples of these are private day nurseries‚ childminders‚ nannies and work place nurseries. The setting I am focusing on is a private day nursery. The nursery opened 1997 and operates from a private home. It is open 49 weeks of the year‚ opening from 9-6 five days
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Homework Assignment 1: MC 3. (A) MC 4. (D) MC 5. (B) 1) What are the three major business activities of a company that are motivated and shaped by planning activities? Explain each activity. Investing Activities: consists of the acquiring and disposing of assets needed to produce and sell a company’s products or services. These assets may be long-term or short-term assets depending on the nature of the company. Financing Activities: the methods companies use to fund the investments in assets
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Assignments: Sobell‚ Chapter 1: Welcome to Linux Sobell‚ Chapter 2: Installation Overview Sobell‚ Chapter 3: Step-by-Step Installation Sobell‚ Chapter 9: The Bourne Again Shell Sobell‚ Chapter 11: System Administration: Core Concepts Sobell‚ Chapter 16: Administration Tasks Chapter 1: Welcome To Linux 1. What is free software? List three characteristics of free software. Free Software is a matter of liberty‚ not price. Three characteristics of free software are the ability to
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Crystal Morphis Accounting Ac-114 Professor Felder-Strauss Unit 9 Assignment The Accounting Cycle: Simplified The Accounting Cycle is the process used to record a business’ financial activities. The accounting process begins with analyzing a transaction and ends with closing the books. The cycle includes nine steps that are performed in sequence and are repeated every reporting period. The series of steps are extremely beneficial and very effective in reducing errors and catching mistakes. Computerized
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