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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How ought one to go about evaluating a work of art? The first thing I learned as an art major at St. Johns was how to evaluate a work of art or one that was in progress‚ often times it was a piece we got to pick at the Met or the Momma. Sometimes it was our classmate’s work that we had to critique and evaluate. It was this process that drove me away from the Art department. There was too much nit picking and it got to be a pain in the ass to sit there and listen to some power hungry professor ripping
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NORTH COUNTRY AUTO‚ INC. North Country Auto‚ Inc. was a franchised dealer and factory-authorized service center for Ford‚ Saab‚ and Volkswagen. George G. Liddy‚ part owner‚ recently developed new control systems for the five departments within the company; new car sales and used car sales‚ service‚ body‚ and parts. Mr. Liddy wanted to see each department ran like a separate business. He was trying to motivate his department managers to see how beneficial this would be in the long run‚ not only to
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to checking auto insurance quotes to get a better idea of what to avail. It is the wisest move since multiple comparisons on auto insurance quotes gives one the option to choose auto insurance policy at the rate that they feel comfortable. Although auto insurance quotes comparison is on the rise‚ free auto insurance quote is what makes thousand and thousands of people to search for auto insurance quotes on the internet. Auto Insurance Quotes Comparison Made Easy To know the best auto insurance quote
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1. Problem The main problem Skoda has is a brand image problem that is affecting its growth in the UK market‚ as a result of years of poor quality and national jokes from both the media and comedians‚ which has led to a bad perception and deep-seated consumer prejudice against Skoda. These preconceived opinions‚ perceptions‚ in addition to the Skoda brand seen as old‚ unfashionable‚ out of sync has led consumers (60% of respondents from a recent survey) to not want to buy a Skoda irrespective of
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Chronic wounds‚ such as pressure ulcers‚ diabetic foot ulcers and venous leg ulcers‚ constitute an internationally recognised medical condition‚ affecting millions annually (Keogh‚ Nelson‚ Webster‚ Jolly‚ Ullman‚ & Chaboyer‚ 2013). Currently‚ healthcare systems are seeking out effective treatment options‚ such as hydrocolloid dressings‚ to promote healing of chronic wounds. The application of hydrocolloid dressing has been compared with other dressing types in recent literature to determine the most
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Accounting Practice Legislations‚ Procedures and policy Report Introduction This report contains detail compliance analysis of the Accounting Practice‚ which undertakes Accounting and Bookkeeping services for Travel agent. The Agent provides Community services as well‚ along with day to day Travels and Tour services such as overseas workers sponsorship‚ Manage Payroll for overseas workers and provides Money transfer. This report outlines the regulations and the practice procedures and Manuals
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1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate‚ as accurate as possible‚ the effect of these on the company’s 1984 reported profits. Changes that affect the Harnischfeger Revenues: • The company started to account Kobe Steel sales in US‚ previously it only added the gross margin in the financial statement. (this sales represented $28 million) • Sales to a foreign subsidiary started to be consolidated as a net revenues (this
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Evaluation has been a natural thing to do since human beings started their civilization. In different branches of disciplines‚ various evaluations changed spontaneously to cater to the need of development. In the college education‚ evaluation of professors has been based on the reflection of students for hundreds years. However‚ student evaluation has become very high-stakes for professors in recent decades‚ because the evaluation result is highly related to professors’ future career. Many scholars
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Chapter 3 The Balance Sheet and Financial Disclosures Questions for Review of Key Topics Question 3-1 The purpose of the balance sheet‚ also known as the statement of financial position‚ is to present the financial position of the company on a particular date. Unlike the income statement‚ which is a change statement that reports events occurring during a period of time‚ the balance sheet is a statement that presents an organized array of assets‚ liabilities
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