The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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Straight Lines: Equation of a straight line is y = mx + c‚ where m = gradient‚ c = y-intercept. The equation of a line‚ if we know one point and the gradient is found using: (y - y1) = m(x - x1) (If given two points‚ find the gradient first‚ and then use the formula.) Two lines meet at the solution to their simultaneous equations. Note: When a line meets a curve there will be 0‚ 1‚ or two solutions. 1. Use substitution to solve the simultaneous equations 2. Rearrange them to form a quadratic equation
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Accounting Analysis of Boston Beer 1990-1995 Making the analysis using the financial statements and assumptions (since the published reports for this period are not available freely since Boston Beer was a partnership for this duration)‚ we can make the following observations: Boston Beer Co. uses ACCRUAL method of accounting as do all its competitors‚ so comparisons will be easy for investors. ASSETS Since Boston Beer is a contract brewery‚ it out sources its production process to established
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mathematics at a deeper level. Review of homogeneous equations The homogeneous constant coefficient linear equation an y (n) +· · ·+a1 y +a0 y = 0 has the characteristic polynomial an rn +· · ·+a1 r+a0 = 0. From the roots r1 ‚ . . . ‚ rn of the polynomial we can construct the solutions y1 ‚ . . . ‚ yn ‚ such as y1 = er1 x . We can also rewrite the equation in a weird-looking but useful way‚ using the symbol d D = dx . Examples: equation: y − 5y + 6y = 0. polynomial: r2 − 5r + 6 = 0. (factored):
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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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Solving Exponential and Logarithmic Equations Exponential Equations (variable in exponent position) 1. Isolate the exponential portion ( base exp onent ): Move all non-exponential factors or terms to the other side of the equation. 2. Take ln or log of each side of the equation. • Make sure to use ln if the base is “e”. Then remember that ln e = 1 . • Make sure to use log if the base is 10. • If the base is neither “e” nor “10”‚ use either ln or log‚ your choice.. 3. Bring the power (exponent)
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Degrees in Accounting Information Systems A bachelor’s degree in accounting information systems is typically completed in four years and prepares a student for entry-level work in financial system design and management. Students practice advanced mathematics‚ develop business management skills and learn technical proficiency in industry software for designing accounting systems. Most schools award a Bachelor of Science (B.S.) or Bachelor of Business Administration (BBA) degrees in accounting information
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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Chemical Reactions I. Purpose – The purpose of this lab was to observe different type of chemical reactions to write and balance chemical equations. II. Hypothesis: If you mix two chemicals together‚ then they will change color and/or bubble/fix. III. Procedure - Workstation 1: 1. Light the Bunsen Burner 2. Add 5 – 8 mL of HCL to a test tube that’s in the test tube rack 3. Drop a 2 – cm piece of Mg ribbon into the test tube 4. Record Observations 5. Clean Workstation
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Rational Equations Rational equations can be used to get a general idea about the rate at which a job can be completed. This can be really useful for business owners and other areas of daily life. Here is an example: Scenario: Sue can paint the garage in 4 hours and Joe has carpal tunnel so he is slower and can paint the same garage in 6 hours. How long (number of hours) will it take Sue and Joe to paint the garage if they work together? Solution: Sue can paint of the garage in 1 hour. Joe
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