ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010
Premium Generally Accepted Accounting Principles Balance sheet Asset
1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: • • • Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions of a business The reporting of results Providing financial information as a basis for decision making 3 main processes define the accounting process: 1. IDENTIFYING: Selecting evidence of economic / financial activity (transactions) 2. RECORDING transactions to provide a permanent
Premium Balance sheet Generally Accepted Accounting Principles Inventory
Many businesses are faced with situations that need critical analysis‚ compilation of raw data‚ circulation of precise documents and effective utilization of computer systems. Frito Lay is an example of a company who implemented various decision support systems (DSS) into their business model. A DSS is a “highly flexible and interactive IT system that is designed to support decision making when the problem is not structured.” (Haag‚ Cummins p.162) Managers require information to guide their organization
Premium Artificial intelligence Decision support system Decision theory
Introduction‚ Review of Accounting Process and Financial Statements Abstract This paper explains different types of accounting phrases and how they directly affect the accounting field. Phrases which are included and defined in the paper are Generally Accepted Accounting Principles‚ Contra-Asset Accounts‚ Historical Cost‚ Accrual Basis vs. Cash Basis Accounting‚ and Accounting Standards Codification. Definitions and examples of these terms are included as well as explanations of how they are
Premium Balance sheet Generally Accepted Accounting Principles Financial statements
. Describe what your role‚ responsibilities and boundaries would be as a teacher in terms of the teaching/training cycle. Recommended word count: 300-500 words. The teaching / training cycle is a simple way of looking at all the aspects of teaching and how they are evaluated using five stages; Identifying needs‚ Planning learning‚ Enabling learning‚ Assessing learning‚ Quality assurance and evaluation. Each of the five stages listed above flow from one to the other. The cycle is
Premium Education Intelligence Evaluation
This essay is to critically evaluate the usefulness of the accounting theory to practicing accountants today. It will provide a general assessment of information asymmetry and the fundamental problem of accounting‚ and it will also briefly discuss the normative and positive accounting theories and their usefulness to practicing accountants. After those discussions‚ it will specifically discuss the strength and limitation of positive accounting theory and assess its usefulness to practicing accountants
Premium Scientific method Information asymmetry Costs
Bookkeeping Essay Sarah Kloft Kaplan University Professor Yancy July 17‚ 2012 Bookkeeping Essay Bookkeeping is an important aspect of any business. Bookkeeping can be defined as the practice of keeping the company’s books or records in an up-to-date and accurate manner (WiseGEEK‚ 2012). This allows the company to track in income and expenses of every day operations. Although bookkeeping is time consuming‚ it is the most important part of the business (WiseGEEK‚ 2012). One type of
Premium Double-entry bookkeeping system Balance sheet Bookkeeping
Decision Support Systems Marek J. Druzdzel and Roger R. Flynn Decision Systems Laboratory School of Information Sciences and Intelligent Systems Program University of Pittsburgh Pittsburgh‚ PA 15260 {marek‚flynn}@sis.pitt.edu http://www.sis.pitt.edu/∼dsl To appear in Encyclopedia of Library and Information Science‚ Second Edition‚ Allen Kent (ed.)‚ New York: Marcel Dekker‚ Inc.‚ 2002 1 Contents Introduction Decisions and Decision Modeling Types of Decisions . . . . . . . . . . . . .
Premium Decision theory Decision making
ENDORSEMENT I hereby endorse that this research has been carried out by‚ WOMEI BRIAN YUH‚ a student teacher of Saint Andrew‚s Bilingual Teachers Training College‚ Bamenda‚ in partial fulfillment of the requirements for the award of a teachers grade one certificate . I find it complete and fit for presentation before the competent jury. SUPERVISOR SEIDOU MELLO SIGNATURE ……………………………………….. DATE………………………………………………
Premium Maslow's hierarchy of needs
Introduction | 2 | Financial statements | 3 | types of financial statement | 4 | relationship between financial statement | 5 | financial statement in practice | 6 | | | | | Introduction Financial Statement In the name of Allah most gracious most merciful. In this essay I will take about financial statement. Trying to write everything I knew about it‚ starting with the types of financial statement‚ relationship between financial statement and financial statement in practice. I will
Premium Income statement Financial statements Saudi Arabia