Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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ways: monochronic (M-time) or polychromic (P-time). Both of these classifications represent very distinct approaches to time utilization and perception of time‚ one being monochronic‚ which views time as segmented and something that should be rationed. Whereas the other‚ polychronic‚ sees time as something that should be flexible‚ so the more important things in life can be given more attention. Considering M-time cultures are extremely punctual and use time judiciously‚ and P-time cultures live
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faster‚ suggesting that Amazon is not managing its inventories well. Because Amazon has more resources tied up in inventory‚ it will have to cut back on spending related to improving its operations and developing new products such as the Kindle series of e-readers. To clarify the reasons for changes in inventory turnover‚ Amazon could provide information about: • The types of products in inventory. Is the inventory mainly old products that have not sold and will have to be deeply discounted or written-off
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...TO THE PEOPLE OF GOD (AND THE PEOPLE I LOVE) Christians talk a lot about premarital sex. And I think that’s a mistake. I don’t think it’s a mistake because the issue is unimportant but because the grammar is skewed. The word “fornication” is almost gone from contemporary Christian speech. It sounds creepy and antiquated. Instead‚ we talk about “abstinence” and “premarital sex.” In the most recent issue of Touchstone magazine‚ I argue that the loss of the words “fornicate” and “fornication”
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Introduction to E-Commerce 1. Allows organizations to exchange information relating to the sale of goods and services through the integration of three elements: a. Communications b. Data management c. Security capabilities 2. Traditional vs E-commerce a. Information exchange and processing b. Authentication and nonrepudiation c. Customer service 3. E-commerce models a. Business to customer (B2C) i. Businessa
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1046 Introductory Accounting Semester 1‚ 2010 Lecture 1 Unit 1 – Business Decision Making and Accounting Lecture Activity 1 1. The accounting information system comprises four main procedures: analysis‚ recording‚ reporting and identification. The order in which they occur is: a) Reporting‚ analysis‚ recording‚ identification b) Identification‚ analysis‚ recording‚ reporting c) Analysis‚ identification‚ recording‚ reporting d) Identification‚ recording‚ analysis‚ reporting e) Analysis‚ recording
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C&G (7303) Preparing to Teach in the Lifelong Learning Sector Equality and Diversity Word Count: 440 Equality and Diversity This essay will focus on identifying individual learners’ needs and ways to promote inclusion through equality and diversity in my role as tutor coordinator and tutor at an FE College. The Equality Act 2010 has nine protected characteristics that one should adhere to in everyday life. As a tutor it is vital that I do not discriminate when teaching‚ the act lays
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Introduction to Financial Accounting ACCT6331 –Prior Year Suggested Time: 90 minutes 1. When the amount of expenses recognized for the purpose of financial reporting exceeds the expenses recognized for the purpose of tax reporting‚ a company will have deferred tax assets. Please indicate if the above statement is true or false. a. true b. false 2. BJ Services is an oil and gas service firm. The company does not issue any preferred stocks or convertible securities.
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Mini-case: Swatch revolutionises watch manufacture In the early 1980s‚ the Swiss watch industry was nearly dead. Competition from cheap‚ but often high-quality‚ products from Far Eastern manufacturers‚ such as Seiko and Casio‚ had almost obliterated the traditional Swiss industry. Trying to protect their investments‚ the Swiss banks organised a merger of the two largest companies on the advice of Nicolas Hayek‚ now boss of Swatch’s parent company SMH‚ which was formed from the merger. Hayek
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ADM 4342 Seminar in Accounting Theory Turn OFF all cellphones! Once class commences‚ Computers should only be used for class work! You have a responsibility to make the classroom environment respectful and conducive to learning. Course Outline Introduction to Accounting Theory What does Accounting “Theory” mean? Defining “Theory” (Webster’s New Collegiate Dictionary) 1. A plausible or scientifically acceptable general principle or body of principles offered to
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