EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement income statement
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forms. Organizational charts are used to visually summarize the structure of a business. By using charts to study the overview of a business’ structure‚ owners can analyze how effective operations run. By identifying bottlenecks and redundancies‚ organizations ensure smoother operations and increased efficiencies. Organizational charts display businesses from different aspects depending on the nature of the business and the needs of the chart creators. When creating charts‚ it is essential to think
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all the client’s financial statements are prepared and submitted to the relevant authorities on time (1e) To whom is the internal auditor primarily accountable? A The audit committee of the company B The company as a separate entity C The shareholders of the company D The employees of the company (2) Identify any four user groups of financial statements and explain what information that is of interest to them. (3) Your colleague‚ senior manager of Sales & Marketing‚ is confused with
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Cost accounts are not preserved under Management Accounting but analyses necessary data from financial statements and cost ledgers. | Legal/rules | Drafted according to GAAP - General Accepted Accounting Procedure. | Drafted according to management suitability. | Users | External users‚ such as shareholders‚ bank and creditors. | Internal users such as managers and employees. | Mandatory Vs. optional | Preparing financial accounting reports are mandatory especially for limited companies | There
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A guide to Consolidated accounts A SIMPLE GUIDE TO CONSOLIDATED ACCOUNTS This is a basic guide prepared by the Technical Advisory service for members and their clients. It is an introduction only and should not be used as a definitive guide‚ since individual circumstances may vary. Specific advice should be obtained‚ where necessary. Requirement to Prepare The Companies Act 2006 gives exemption from the requirement to prepare group accounts to small groups but not medium sized groups
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Background of the Project The company was founded on February 11‚ 2009 with the Mission: To change the riding culture of a sports motorcycle enthusiast‚ and Vision: To become the number one sports motorcycle distributor in the country. With Filipino sports motorcycle enthusiasts’ desire and with VAMA’s realization‚ the company is using its engineering skills to make sports motorcycles reachable and affordable for everybody. Inspired by its Mission and Vision and supported by its engineering profession
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All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks‚ financial institutions and non-banking finance companies (RBI‚ AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010‚ ING ’s total assets exceeded 1247 billion euros‚ with an underlying
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47 handy Facebook stats and charts A publication of 47 Handy Facebook Stats and Charts By Amanda Sibley Amanda Sibley is a member of the paid marketing team at HubSpot. She helps create and manage paid advertisements and external vendors to help generate leads across various platforms. Amanda is also a regular contributor to the HubSpot blog‚ where she writes about various topics across inbound marketing. FOLLOW ME ON TWITTER @AMANDASIBLEY1 HuBSpOT’S ALL-IN-ONE MARkETINg SOFTWARE
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REFLECTIVE ACCOUNT UNIT 6 ROLE OF A HEALTH AND SOCIAL CARE WORKER AT 7.15AM I CLOCK IN AND TAKE MY COAT AND BAG OFF AND LOCK THEM IN MY LOCKER SO I AM READY TO START MY SHIFT STRAIGHT AWAY‚ EVEN THOUGH I SOMETIMES SOCIALISE WITH SOME OF THE STAFF I WORK WITH I ENSURE I AM IN THE RIGHT FRAME OF MIND TO WORD PROFFESIONALLY WITH THEM AND NOT PERSONALLY SO THAT WE ARE ABLE TO WORK AS PART OF A TEAM AND ARE ABLE TO DO THE JOBS THAT WE ARE EMPLOYED TO DO‚ THEN I WILL WALK INTO THE DINING ROOM
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