2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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After reading the New York Times article‚ When the Patient Is ‘Noncompliant’ by Dr. Danielle Ofri‚ I found it was quite relatable to the activity we were given in our experiential pharmacy class. Taking three different types of medication didn’t seem that much at first‚ but after having to do it for seven days myself‚ I might be considered “noncompliant”. As stated in the article‚ it is not just simply having to take the pills. In addition to taking medication‚ patients have an social and work life
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Being assigned to read the article‚ there was uneasiness on my part. What is this article a? What is white privilege? Somehow I have a general idea of what the article would be. Being a person of a different race‚ I always had this preconceived notion that people of the developed countries like the United States - the white-skinned‚ always feel superior over people from the third world; that this superiority comes from the inherent privilege that they have‚ that irrespective of the fact that a
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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On April 15‚ 2013 I remember hearing from Mr. Ham that the Boston marathon had been bombed at the finish line. The only knowledge I had of this incident before I read about it— was that it was a terrorist attack. After reading this article explaining about the convictions of the two terrorists Dzhokhar and Tamerlan Tsarnaev‚ there isn’t any sort of bias that I can see going on in this topic. Although the author doesn’t have her own argument about the situation‚ she talks about the dispute between
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Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative and other operating
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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Rathel R.‚ McCrary‚ Dr. Steven W.‚ Callahan‚ Dr R. Neal‚ 2007‚ Gauge Repeatability and Reproducibility Studies and Measurement System Analysis: A Multimethod Exploration of the State of Practice. Journal of Industrial Technology. 23 (1)‚ 2-12. The article is about a survey of manufactures concerning the actual use of Gauge Repeatability and Reproducibility (GRRS) studies‚ and other recognized quality approaches. Specifically‚ the authors surveyed 30 participants of a total of 60 invited. The participants
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