ACC501: COMPUTERISED ACCOUNTING TUTORIAL 4 DISCUSSION QUESTIONS i. ‘Why are adjusting entries necessary? Surely they cause too much delay in preparing financial statements‚ and the financial effect of any entries made is immaterial in the long run.’ Respond to this criticism. ii. The owner of a business reviews the income statement prepared by you and asks‚ “Why do you report a profit of only $30 000 when cash collections of $100 000 were received and cash payments for the period totalled only
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Financial Data Analysis Daphnnee Johnson HCS 577 March 18‚ 2013 Sharon Gomes-Sanders Financial Data Analysis After reviewing the balance sheet for Patton-Fuller Hospital for 2008 and 2009‚ there are significant differences that are noticeable. The retained earnings (or "Net Worth" or "Unrestricted Fund Balance") drastically decreased from 2008 to 2009 (Apollo Group‚ 2006). The dollar amount
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I chose to write about Oprah Winfrey. I know that Oprah came from a very poor family. She had to overcome many adversities to get where she is today. Even though we overcome certain obstacles the cycle never seems to stop. My individual project is to show that. Oprah Winfrey‚ net worth 2.6 billion dollars‚ as we all know Oprah has not always been wealthy. It was that start of her uphill hill climb with the Oprah Winfrey show which aired every day. Oprah went thru many hardships she dealt with
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Using ArrayList<ITSystem>‚ Reading and writing Data to/from Files Note: slight changes were made on 11/14 (1 day after this was put up). Specifically‚ the source files are slightly different from the solution to p2. When comparing two ITSystems we are now only concerned with ID. Highlighted text reflects changes made to the assignment. For this assignment‚ we will continue to work with the SysInventory program we developed in the last programming project‚ with a few minor changes/additions. See
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discussed and all concluded that data analysis methods help us understand facts‚ observe patterns‚ formulate explanations‚ and try out the hypotheses. Not only does it help us understand facts‚ but they we also discovered that data analysis is used in science and business‚ and even administration and policy-making processes. We’ve found out the data analysis can be carried out in all fields‚ including medicine and social sciences. Once an analysis is conducted the data that is carried out is documented
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Analyzing Data Using Pivot Tables – An Example Remember assignment 5 where you were asked to compare Invoice amounts to Sales Order amounts? You had to create a query to join together 2 tables from an Access database. If the results of that query had been downloaded into an Excel file (a simple thing to do)‚ you could have used the Excel file and a Pivot table to help in the analysis. Before you try to follow this example‚ you should learn as much as you can about Pivot Tables from Microsoft’s
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Income statement: In the case of sole proprietary and partnership concerns there are no prescribed forms of the income statement and balance sheet. Their preparation is also desirable but not compulsory. However‚ they are generally prepared. In the case of trading concern‚ a trading account and in the case of a manufacturing concern‚ a manufacturing account and a trading account can also be prepared. In such a case‚ the account heading is mentioned as follows: Manufacturing/trading and profit and
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New Military Base There are many types of military bases; some have piers for ships and submarines‚ others have air strips for planes and others provide training for military members. A new military installation can provide employment opportunities for community members. A military base can increase the revenue generated by local businesses‚ create job opportunities for locals and even add revenue to our local government. A military base will be a good addition to the community. A new
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50‚000 Total Noncurrent Assets ……………………………………………………………………………… $1‚307‚100 Total Assets $2‚080‚554 Liabilities and Stockholder’s Equity Liabilities Current Liabilities Accounts Payable $197‚532 Income Taxes Payable 62‚520 Salaries Payable 52‚000 Notes Payable to Banks 50‚000 Mortgage Payable-current portion 18‚000 Accrued Liabilities 9‚500 Accrued Interest on Notes payable 500
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The three tools of the financial statement analysis are the company’s audited financials‚ exel templated specially designed for financial analysis or specialized software‚ and full information about the company’s profile. The tricky part about this would be putting all your skills together and analyzing all the different financials. PepsiCo‚ Inc 2005 Current Ratio= 10‚454 (Current Assets) = 1.11% 9‚406 (Current Liabilities) 2004 Current Ratio= 8‚639 (Current
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