Statement of Purpose “Don’t go through life‚ grow through life.” These words have inspired me to take all decisions in my life. I firmly feel that graduate studies in my field of interest will be a fitting tribute to my belief. It will help me achieve my professional and career goals as well as will allow me to contribute to the society in a better way. The intensive search done during presenting a paper titled‚ “Towards a Grid Applicable Parallel Architecture
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USES OF FINANCIAL STATEMENTS The financing‚ investing‚ and operating activities of a company are recorded by accounting systems in the form of detailed transactions. To effectively communicate a company’s activities to decision-makers‚ these detailed transactions are summarized and reported in a set of standardized reports called financial statements. The role of financial statements is to provide information that will help investors‚ creditors‚ and others make judgments and predictions that serve
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Throughout high school‚ the four pillars of the National Honor Society – scholarship‚ leadership‚ service‚ and character – have shaped growth‚ pushing me to learn more each and every day. It gave me a new perspective in life. With a passion to pursue biology‚ I have spent the last here years actively learning about the human body; from the types of functions it processes to the chemicals in the brain that create emotion. As a student‚ I understood very early in high school that success is not knowledge
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Discuss management accounting as an effective tool of financial control. 2. What do you mean by cash from operating activities? How is it calculated? 3. The “volume-cost-profit relationship provides management with a simplified framework for organizing its thinking on a number of problems.” Discuss 4. Recently a conference speaker discussing budgets & standard costs made the following statement- “Budgets & standard costs are not the same things‚ they have different purposes & are set up & used
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Financial Accounting Summary Financial Accounting – Summary Notes Financial Accounting – Summary Notes 1 Financial Statement Basics 3 Understanding of the 3 financial statements – (balance sheet‚ income statement and statement of cash flows). What does each financial statement represent? 3 What is the structure of each statement? 3 What is the link between the three statements? 4 Understanding of the basic mechanics of financial accounting – (debits‚ credits‚ transaction journal entries‚ adjusting
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cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this project has helped me to understand the techniques‚ applications and usefulness of financial statements to understand the performance of a particular company or enterprise without much difficulty and also understand how to prepare them in future. I came to the following conclusion while preparing this project. Purposes of Financial
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An asset is anything that will give me some value in the future - So Cash and Accounts Receivables are assets‚ and so are machines‚ buildings‚ etc. FINANCIAL STATEMENTS The income statement reflects conditions over a period of time (say Q1 2013)‚ while the Balance sheet reflects the state of the business at a specific point in time (say‚ at end of Q1 2013) Equity is what the owners/stakeholders of the company really have‚ of value. Equity = Assets - Liabilities Asset: Anything that will
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Post Graduate School‚ Nigeria Defence Academy‚ Kaduna‚ Nigeria. Course: DAF 501 Assignment: Write on accounting concepts. Answer to Question. Accounting concepts and conventions: Can be defined as the ground rules of accounting that are followed in the preparation of all accounts and financial statements of an entity. In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly
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STATEMENT OF PURPOSE Having been ward of an army officer. I have been exposed to different places‚ cultures and diverse experiences. So valuable in building all round developed personality and a good citizen. I graduated with honours in psychology and economics‚ which I am sure will help me understand the needs of people as a Fund Manager. I have a deep interest in management and leadership having seen it up close in the army‚ where use of men and material along with leadership are used to create
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ACCT1501 ACCOUNTING & FINANCIAL MANAGEMENT 1A SEMESTER 1 2008 COURSE NOTES Last Revised: 13th August 2008. kaheiyeh.web.officelive.com Contents Page 3: The Nature of Accounting Page 5: The Balance Sheet & Transaction Analysis Page 8: The Income Statement & Transaction Analysis Page 13: Financial Reporting Principles Page 18: Adjustment to Accounting Entries Page 23: Completing the Accounting Cycle Page 26: Accounting for Cash Holdings & Receivables Page 30: Accounting for Inventory Page 37:
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