| |1. |Which of the following is the best definition of personality? | | | |a. | | | |Personality is an aggregate set of traits that are mostly determined at birth. | |
Premium Personality psychology
The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
Premium Generally Accepted Accounting Principles
This refers to the way information is processed in a computers information management system. The information processing cycle consists of five specific steps: 1. Input – This is any kind of data- letters‚ numbers‚ symbols‚ shapes‚ images or whatever raw material put in to the computer system that needs processing. Input data is put into the computer using a keyboard‚ mouse or other devices such as the scanner‚ microphone and the digital camera. 2. Processing – This is the transformation‚ sorting
Premium Computer Personal computer Information
Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
Premium Accounting software Accounts receivable Accounts payable
Abbreviation ID Prefix Definition Word Root Definition(s) Suffix Definition n/a Definition (Technical) Pertaining to within the skin Definition (Layman) New Term from One Word Root Term: biopsy Prefix n/a Word Root(s) Bi Combining Vowel(s) o- Combining Form(s) Bi/o Suffix -ospy Analysis Diagram Bi/o/psy Plural Form Biopsies Abbreviation Bx Prefix Definition n/a Word Root Definition(s) Life Suffix Definition View of‚ viewing Definition (Technical) View
Free Inflection Word Lexeme
References: Warren‚ C.‚ Reeve‚ J.‚ and Duchac‚ J (2007). Accounting. 23rd ed South-Western‚ cengage learning in thousands except share data | January 3‚ 2009 | December 29‚ in thousands except share data | December 29‚ 2007 | December30‚
Premium Balance sheet Generally Accepted Accounting Principles
Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
Premium Balance sheet Generally Accepted Accounting Principles International Financial Reporting Standards
Codification A. Identify relevant Codification section that addresses transfers of receivables. The relevant codification section that addresses transfers of receivables is the following: FASB ASC 860-10-05-15. C. Provide definitions for the following: 1) Transfer: The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: selling a receivable‚ putting a receivable into securitization
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Business Cycle Defined The term business cycle refers to the rise and fall in economic activity over what can be several months or even years. These patterns of contraction and expansion occur around a long term growth trend of increased real gross domestic product. It was after World War II that the modern theory of business cycles came to its current evolution. (Sachese‚ Small & Small‚ 2009) Economists Arthur F. Burns and Wesley C. Mitchell have characterized business cycles in what many economists
Free Economics Unemployment Business cycle
The Business Cycle is “the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time.” (Market Economy) These fluctuations are due to supply and demand‚ availability of capital‚ consumer confidence‚ and other factors. Within the Business Cycle are four stages that describe the cycle. The four stages are expansion‚ peak‚ recession and trough. The expansion stage is the phase a business initially enters when coming into the market. This stage demand
Premium Economics Supply and demand Business cycle