The Accounting Process (Textbook Libby et al. Chapters 1 and 2). Objectives: When you have successfully completed this lesson‚ you will be able to... Define accounting and explain its purpose Define business and identify the different types of businesses Explain the accounting equation: Assets = Liabilities + Owner’s Equity Visualize the start of a business‚ create accounting transactions for it‚ and prepare simple financial statements Reading Assignment Please read chapters 1 and
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making across the various functional areas of an organization Managerial accounting: the form of accounting concerned with providing information to managers for use in planning and controlling operations and for decision making Financial accounting: the form of accounting concerned with providing information to shareholders‚ creditors‚ and others outside the organization The work of managers and their need for managerial accounting information Every organization has managers – someone must be responsible
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Horngren‚ C.T.‚ Datar‚ S.M. and Foster‚ G. (2003) Cost Accounting - A Managerial Emphasis‚ Pearson Education‚ Inc.‚ New Jersey‚ Eleventh Edition CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-1 The five steps in the decision process outlined in Exhibit 11-1 of the text are: 1. 2. 3. 4. 5. Obtain information Make predictions about future costs Choose an alternative Implement the decision Evaluate performance to provide feedback 11-2 Relevant costs are expected future costs that differ
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ACC 2242 Assign#4.. Due Date …..Wednesday…Aug 07‚ 2013 8-35B 8-40B Fibre Systems Best Use of Facilities Analysis Make Buy and Use Facilities for Other Product Variable unit cost of obtaining the optical switches $ 13 $ 11 Number of optical switches × 80‚000 × 80‚000 Total variable cost of obtaining 80‚000 optical switches $1‚040‚000 $880‚000 Expected profit contribution from the other product — (130‚000) Expected
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Chapter 5 Obtaining energy and nutrients for life CHAPTER REVIEW Key words absorption alimentary canal amylase anus autotrophic autotrophs bile bile duct bolus carnivores cellular respiration chloroplasts chyme colon cystic fibrosis digestion digestive system duodenum emulsification enzymes faeces foregut fermenters gall bladder gastric juice herbivores heterotrophic heterotrophs hindgut fermenters ileum jejunum lacteals large intestine liver mucus oesophagus omnivores pancreas pepsin
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II. Accounting and Auditing in the Philippines T his chapter presents an overview of Philippine accounting and auditing arrangements. It provides context for the following chapters on professional infrastructure‚ accounting and auditing standards‚ accounting and auditing training‚ and government budgeting and accounting arrangements. The chapter comprises eight sections‚ as follows: Part One: Accounting 1 – Introduction – identifies historical factors that have influenced accounting arrangements
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|ACC601: Managerial Accounting | | | | | |Role and Practices in Management Accounting Today | | | |
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A) it typically focuses on a single subject area or line of business. B) all of the information belongs to a single company. C) it uses a Web interface. D) all the information is historical. 5) Which of the following is not a characteristic of packet switching? 5) __D____ A) Packets travel independently of each other. B) Packets are routed through many different paths. C) Packets include data for checking transmission errors. D) Packet switching requires
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Theory: Solution Focus Key Concepts Solution Focus therapy is illustrated by techniques The miracle question Exception questions Scaling questions Presupposing change. Moving towards solution Goal formulation Solution focus therapy is grounded on a positive orientation. The view of solution focus is people are healthy‚ competent‚ and resourceful‚ and have the ability to construct solutions to enhance their lives. This therapy is concerned with looking for what is working
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C8-5 (P.162) Determine likely significant audit risks and key accounts at risk Audit risk: risk that auditor has not uncovered a material misstatement in the financial statements Potential accounts at risk: Provision for compensation claims/litigation Inventory Accounts receivable Accounts payable Brand name PRACTICE EXAM 2‚ QUESTION 3‚ PART 1 (PP.240-241) Identify 5 business factors and explain their impact on risk of material misstatement Also identify account balance most affected
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