Financial Statements are described as the language of business. These statements tell the condition and performance of a business historically‚ currently and prospectively. The main objective is to provide information about financial position‚ financial performance and cash flows of an entity used in making economic decisions. ELEMENTS OF FINANCIAL STATEMENTS Financial Statements portray the financial effects of transactions and other events by grouping them into broad classes according to their
Premium Balance sheet Generally Accepted Accounting Principles Asset
Effectiveness of an ERP Vendor’s Customer Support E-system By Sofia S. Zuberi Supervisor: Peter Steverin Master’s Thesis in Business Administration 27 June 2010 Abstract In today’s business climate many organizations are implementing ERP systems to connect all their processes into one system thereby hoping to benefit off the resulting efficiencies. ERP Vendors are trying to best cater to the needs of their customers‚ and this extends into the post-implementation period where customers
Premium Case study Enterprise resource planning Qualitative research
Financial accounting is one kind of accounting different from the management accounting in the accounting system. As management accounting is for “internal” whereas financial accounting is for “external”. The following is a detailed explanation and analysis of the major objective and role of financial accounting. The purpose of financial accounting is to measure the performance of the entity and therefore provides the financial information to different stakeholders. Stakeholders will have their
Premium Balance sheet Resource allocation Economics
Basic Bookkeeping - Assessment 1 Will Oliver 1. An example of daily financial records that you would have to maintain is any transaction (in monetry terms) made by an organisation which encompasses the cash and cash equivalant you receive or spend on any day. It is essential to keep separate evidence of each transaction. This evidence is called a source document i.e invoices‚ reciepts‚ cheques etc. Also‚ maintaining and updating your accounts receivable and accounts payable daily is another
Premium Management Economics Bookkeeping
Unit 210 Support Learning Activities Outcome 1 Support the teacher in planning learning activities 1.1 Teaching assistants should be a lot more actively involved in delivering learning activities. This may be by setting up the room with the correct resources before the lesson takes place and laying out the tables and chairs etc. One to one support may be needed for some pupils; this should have been discussed before the lesson. It may be that the T.A is put to work
Premium Education Psychology Thought
Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers‚ such as stockholders‚ suppliers‚ owners and other stakeholders. The fundamental need for financial accounting is to reduce
Premium Asset Accountancy Management accounting
Australian School of Business School of Accounting ACCT5930 FINANCIAL ACCOUNTING Course Outline Semester 2‚ 2014 Part A: Course-Specific Information Part B: Key Policies‚ Student Responsibilities and Support Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 1 STAFF CONTACT DETAILS 1 2 COURSE DETAILS 2 2.1 Seminar Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning
Premium Financial statements Cash flow
Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
Premium Bookkeeping Generally Accepted Accounting Principles Balance sheet
Support Backgroung of organ donationin HK Despite medical advancement‚ organ transplant has become the only hope for some patients with organ failure in order to live on. However‚ the limited supply from donation of transplantable organs has made some 2000 local patients and their family waiting desperately‚ as the patients count their days in the fight against death. It is more regretful that many patients would die before the right organ match comes. To shorten patients’ waiting time for organ
Premium Organ transplant Death Organ
Dear Honorable delegates of the World Trade Organization‚ Germany would like to first proclaim our support to the Australian confederation‚ and agree that tobacco should be packaged with health hazards. Insuring better health and safety are crucial beliefs and aid in improving the longevity of every citizen’s life span. However‚ as members of the World Trade Organization‚ we must enforce smooth trade among all nations. Germany can speak from experience when we say that placing health warnings on
Premium European Union Tobacco Europe