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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06.05 Applications of Systems of Equations Part 1 1. Tony and Belinda have a combined age of 56. Belinda is 8 more than twice Tony’s age. How old is each? Tony’s age = t years‚ Belinda’s age = 56 - t years 56 - t = 2t + 8 56 - 8 = 2t + t ==> 3t = 48 ==> t = 16 years THUS Tony = 16 years‚ and Belinda = 40 years 2. Salisbury High School decided to take their students on a field trip to a theme park. A total of 150 people went on the trip. Adults pay $45.00 for a ticket and students pay
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Ferguson Deliverable #1 Metaphor on Transactional Model 8-24-2010 The Transactional Model of Communication: An Equation The transactional model of communication is an infinitely long‚ incredibly complex ‘web’ of perceptions‚ actions‚ predictions‚ and reactions that perpetuate/transfer among people. The transactional model of communication can be compared to a simple but extensive equation. To avoid the subjectivity about numbers and their representation of quantities and physical properties in math
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Financial Statement Analysis Financial Statement Analysis The financial health of an organization can be evaluated using ratio analysis. A comprehensive review of Landry’s Restaurants‚ Inc using their 2003 Annual Report will use seven different ratios calculated from Landry ’s financial statements. The ratio analysis will test the profitability‚ liquidity‚ and solvency of the company. Liquidity ratios measures the "short-term ability of the enterprise to pay its maturing obligations
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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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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Fairuz Dalilah Binti Abdul Rashid Are We Alone? : Discovering Life on Other Planets Habitable Zone and The Drake Equation A habitable zone‚ which is also known as the Goldilocks Zone‚ is basically a region where there is a probability in finding the extraterrestrial life. The finding is based on the temperature and the pressure of a certain planetary-mass objects. When the temperature is between 273K and 373K‚ there will be presence of water that can support the extraterrestrial life to live in
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Chapter 3: Cost-Volume-Profit Analysis 95 Chapter 3 Cost-Volume-Profit Analysis SOLUTIONS LEARNING OBJECTIVES Chapter 3 addresses the following learning objectives: LO1 LO2 LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of
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11 ANALYTICAL PROCEDURES—RATIO ANALYSIS FORM The auditor can use this form to document the performance and evaluation of ratio analysis in connection with analytical procedures performed in an audit. The form is only a guide and is not a substitute for professional judgment. The form may be modified by adding or omitting certain ratio analysis. AUDITING COURSE PROJECT GROUP B: CLIENT NAME: | Pinnacle Manufacturing Company | DATE OF FINANCIAL STATEMENTS: | July 15
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year awarded a “certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives
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