Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
Premium Generally Accepted Accounting Principles Accounts receivable Revenue
Mental Disorders A mental disorder is a mental or behavioral pattern‚ is an anomaly that causes distress and disability. Mental disorders are defined by a combination of how a person feels‚ acts and thinks‚ according to the World Health Organisation (WHO)‚ over a third of people in most countries have problems at some time in their life (diagnosis of one or more of the common types of mental disorders)‚ and the causes of mental disorders in some cases are unclear. According to: http://en.wikipedia
Premium Bipolar disorder
8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
Premium Generally Accepted Accounting Principles Balance sheet Asset
MRP starts with customer orders and forecast demand (see p. 439). Analyse how your case company gets data about (potential) future orders‚ and indicate which of the two sources above is more important. The “Early Booking” Bonus In recent years‚ Club Med has practiced a deliberate policy of “early booking”‚ an incentive well-received by customers which was stepped up in 2008. On the strength to this approach‚ bookings for winter 2009‚ like those for summer 2008‚ got off to a fast start initially
Premium Management Marketing Customer service
FACULTY OF BUSINESS & MANAGEMENT SEMESTER: MEI 2013 BBAP 2103 COURSE: BACHELOR (HONS) MANAGEMENT (BIM) (A7470) COURSE TITLE: MANAGEMENT ACCOUNTING MATRICULATION NO : RF179118001 IDENTITY CARD NO : RF179118 TELEPHONE NO : 0167386906 E-MAIL : vnod_86@yahoo.com LEARNING CENTRE : SEAMEO RECSAM LEARNING CENTRE Table of Contents 1.0 Introduction of the company 2.0 Explanation on the purposes of product cost information is
Premium Cost accounting Costs Cost
101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
Premium Income statement Financial statements Balance sheet
Types of Information Security Controls Harold F. Tipton Security is generally defined as the freedom from danger or as the condition of safety. Computer security‚ specifically‚ is the protection of data in a system against unauthorized disclosure‚ modification‚ or destruction and protection of the computer system itself against unauthorized use‚ modification‚ or denial of service. Because certain computer security controls inhibit productivity‚ security is typically a compromise toward which security
Premium Access control Computer security Physical security
The history of accounting is as old as civilization and is among the most important professions in economic and cultural development. Much of what we know about the daily lives of ancient people comes from accounting records‚ such as inventories and sales records‚ found at archeological sites. People in all civilizations have maintained various types of records of business activities and the earliest known records kept are the clay tablet records for the payment of wages in the Mesopotamian Valley
Premium Leonardo da Vinci Double-entry bookkeeping system Accountant
different business organisations‚ used manual method of recording and control over any transaction relating to financial and other activities. With the expansion of those sectors the number of transactions increased. The manual method of recording‚ manipulation‚ producing‚ distributing and maintaining records found as to be unmanageable. With the introduction of computers in those activities‚ the manual method of accounting is being gradually replaced. And finally‚ the database technology
Premium Accounting software
Internal Control Definition Internal control is broadly defined as a process‚ effected by an entity’s board of trustees‚ management‚ and other personnel‚ designed to provide reasonable assurance regarding the achievement of objectives in the following categories: 1. Effectiveness and efficiency of operations 2. Reliability of financial reporting 3. Compliance with applicable laws and regulations 4. Safeguarding of assets Internal control consists of five interrelated components:
Premium Internal control