ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Extraverted Intuitive Thinking Judging. ENTJ’s are described as “focused individual that on the most efficient and organized mean of performing a task”. (http://typelogic.com/entj.html). This quality‚ along with their goal orientation‚ often makes ENTJs superior leaders‚ both realistic and visionary in implementing a long-term plan. ENTJs tend to be fiercely independent in their decision making‚ having a strong will that insulates them against external influence. Generally highly competent‚ ENTJs
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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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
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Life and Times of the Four David Artists Through out the years there were many great artists who created many great works of art‚ but only four Italian artists really stick out for creating the same piece all with different points of views. These artists were Donatello‚ Verrocchio‚ Michelangelo‚ and Bernini‚ all of who created a David sculpture. Each one very unique and different. These four artists all stand out in there own individual ways. David who was supposed to be the second
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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There is no doubt that this book won’t be read 100 years from now. The book‚ “Uglies” By: Scott Westerfled is truly a great novel. This book determines that beauty is not all that proves you as a person. Beauty belongs to everyone‚ everywhere. In a world of extreme beauty‚ anyone normal is ugly. Tally must figure herself out before she undergoes surgery at the age of sixteen to become “pretty”: or what is so called pretty. Tally and Peris are the best of friends‚ but when Peris becomes pretty‚ Tally
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One of the most important and influential skeptics and empiricists of his time was David Hume. His thinking lead him to be one of the greatest philosophers that we will ever read about. David Hume and John Locke as philosophers‚ both believed in naturalism and having proof and evidence to verify reasoning in existence. It was Hume that exclaimed the sources for cause and effect. He said that cause and effect are essential in reasoning‚ (the things we think of mentally) and that we must find an association
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A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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