Xuelian Li Week 2 Assignment ACCT 525 Professor Bender March 13‚ 2015 United Kingdom Adopted IFRS IFRS is a set of accounting standards promulgated by the International Accounting Standards Board (IASB)‚ an international standard-setting body based in London. It was designed as a common global language for business affairs so that company accounts are comparable and understandable across international boundaries (Ghosh‚ 2010). In June 2002‚ the European Union (EU) adopted an IAS Regulation requiring
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- General Business DEVRY ECON 545 Week 1 DQ 1 Supply and Demand DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis DEVRY ECON 545 Week 2 DQ 2 Controlling Costs DEVRY ECON 545 Week 2 Project Part 1 DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and Microsoft DEVRY ECON 545 Week 3 Quiz Imperfect Competition DEVRY ECON 545 Week 4 DQ 1 Macroeconomic
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Reserve’s Balance Sheet Assets Liabilities Securities + $1 billion Reserve acct. of securities dealers’ banks + $1 billion _____________________________________________________________________________________________
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consecutive years‚ dividend payments were distributed to shareholders • • • • ACCT 551 Financial Accounting & Reporting‚ Fall 2014 Group-2 2 INTRODUCTION cont. • More than 37‚000 employees worldwide • Approximately 7‚900 employees engaged in research and development • Clinical research conducted in more than 55 countries • Research and development facilities located in 9 countries • Manufacturing plants located in 13 countries ACCT 551 Financial Accounting & Reporting‚ Fall 2014 Group-2 3 INDUSTRY
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Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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CURRICULUM ACCORDING TO CATALOGUE 2005 - 2006) NAME: ID #: Tel #: P.O.Box: E-mail: MAJOR REQUIREMENTS CR CORE BUSINESS COURSES ACCT 210 CONCENTRATION 3 BUSS 200 BUSS 211 ACCOUNTING CR 3 3 ACCT 215 ACCT 217 to ACCT 250 3 ACCT 217 to ACCT 250 3 2 ACCT 217 to ACCT 250 3 BUSS 230 3 ACCT 217 to ACCT 250 3 BUSS 239 0 0 Any business elective Total Crs 3 15 BUSS 240 BUSS 245 1 BIDS CR BUSS 248 0 INFO
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00 11‚087.00 (501) CASH PAYMENTS JOURNAL Account Debited Post. General Ref. Debit Rent Expense √ 1‚235.00 Acct Pay Debit Belk Suppliers Greene Inc. Harris Co. √ √ 4‚552.00 2‚158.00 3‚877.00 10‚587.00 (202) GENERAL JOURNAL Oct Oct 10 17 Purchases Debit Purch Disc Credit 1‚995.00 1‚235.00 (√) Date Page 3 Acct Pay Credit 4‚552.00 2‚658.00 3‚877.00 11‚087.00 (202) Description Accounts Payable Purchases Returns & Allowances
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ACCT 3512 Chart of Accounts Accounts & 4 Characteristics by 6 Acct Types: FS‚ Real vs. Nominal & Normal Acct Bal (NAB) mjm cpa 9/13 (Contra Accts) [Historical Cost Exceptions] (ACCT 3512 emphasized accts in italics) by Marco J. Malandra‚ CPA 1. ASSETS: BS‚ Real‚ Dr NAB‚ (Cr if contra) 3. SHs’ EQUITY: BS‚ Real‚ Cr NAB (Dr if contra) Current [generally]: IC accts: Preferred Stock [at Par Value] Cash (Money Orders‚Checks‚Checking‚ Savings‚ Petty) Additional-paid-in-capital
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Business Administration: Diploma Description The two year diploma in Business Administration will prepare you for an entry level management position. Courses provide basic business skills‚ a solid grounding in economics‚ and a foundation in calculus appropriate for advanced studies in economics and operations research. It offers a business diploma with a solid exposure to the liberal arts. Completion of this diploma (with a minimum grade point average of 2.7 and a minimum grade of C+ in Accounting
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ CR Retained
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