ACCT1501 Notes Financial accounting Accounting is a process of identifying‚ measuring and communicating economic information to allow informed decisions by the users of that information. Financial accounting measures an enterprise’s performance over time and its position (status) at a point in time. Accrual accounting The method of making an economically meaningful and comprehensive measurement of performance and position by recognising economic events regardless of when cash transactions
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(1067.3 – 368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days | (368.3/2445) x 365 = 55 days | (309/2409.6) x 365 = 47 days | Trade Receivable Days | (645.6/3453.7) x 365 = 68 days | (616.6/3406.5) x 365 = 66 days | Trade Payable Days | (544.6/2445) x 365 = 81 days | (550.3/2409.6) x 365 = 83 days | SolvencyGearing | 727/232.4 = 3.13% | 802/133.4 = 6.01% | Interest Cover | 574.8/24.3 = 23.7 times | 529.8/25.3 = 20.9 times | Investors RatiosEarnings per Share | 401.1/180
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If All Else Fails 6 Common Mistakes 6 SECTION A - MYOB DATA FILE SETUP MYOB Workshop 1 – Setting up MYOB 7 Chapter 1 - Installing MYOB on your personal computer 7 Chapter 2 - File Creation‚ Security and Maintenance 7 Chapter 3 - Chart of Accounts 8 Chapter 4 - Cash Disbursement and Purchasing 9 Chapter 5 - The Setup of Inventory and Other Items 9 Quiz A 10 SECTION B - BUSINESS TRANSACTIONS MYOB Workshop 2 – Expenditure Cycle 12 Chapter 6 - Purchasing and Supplier Payments 12
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2011. BUG-OFF EXTERMINATORS December 31‚ 2011 Unadjusted Trial Balance Cash 17‚000 Accounts receivable 4‚000 Allowance for doubtful accounts 828 Merchandise inventory 11‚700 Trucks 32‚000 Accum. depreciation-Trucks - Equipment 45‚000 Accum. depreciation-Equipment 12‚200 Accounts payable 5‚000 Estimated warranty liability 1‚400 Unearned services revenue - Interest payable - Long-term notes payable 15‚000 D. Buggs‚ Capital 59‚700 D. Buggs‚ Withdrawals 10‚000 Extermination services
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Receivables 1. Types of receivables (1)Accounts receivable: the amounts owed to the firm by customers on account from the sale of goods or services (2)Notes receivable: the amounts owing to the firm outside normal trade for which formal instruments of credit are issued evidencing the debt‚ and on which interest is generally payable (3) Other receivables include non-trade receivables such as interest receivable‚ loans‚ advances and GST receivable. 2. Accounting for A/R Accounts receivables are the most significant
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Presentation reflective account Introduction I shall analyse my presentation‚ commenting on: • where I used my skills well; • my understanding of adaptations within my role; and • areas for improvement. Knowledge and understanding As feedback noted‚ I included a good level of information on my chosen client‚ (representing the diverse group - Older Adults). I presented knowledge and understanding on how I worked collaboratively to address barriers. My presentation highlighted
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management to record‚ plan and control activities to aid decision-making process | Accounting process | Follows a full process of recording‚ classifying‚ and summarising for the purpose of analysis and interpretation of the financial information | Cost accounts are not preserved under Management Accounting but analyses necessary data from financial statements and cost ledgers. | Legal/rules | Drafted according to GAAP - General Accepted Accounting Procedure. | Drafted according to management suitability
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EXAMINATION SEMESTER II ACADEMIC SESSION 2012-2013 MASTER IN BUSINESS ADMINISTRATION EXECUTIVE APRIL 2013 DURATION: 3 HOUR COURSE CODE : ZCZA 6213 COURSE TITLE : ACCOUNTING FOR DECISION MAKING INSTRUCTIONS : 1. There are FOUR (4) questions. 2. Answer ALL questions in the provided answer booklet. 3. Total marks are 100. This paper consists of 6 printed pages excluding this cover page 0 QUESTION 1 (25 MARKS) La Diva Dress Shop produces custom
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INTRODUCTION For this assignment I will be writing a reflective account which will identify a significant episode of care in which I had been involved with‚ by identifying the pathophysiology and the disease process for the chosen patient; this will be presented by giving a brief outline of the psychosocial influences of the illness for the patient and others who may have been involved with the care. I will also reflect upon this episode by using a reflective model and examining the nursing process
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+ (C) Owner’s Equity Assets = Liabilities + owner’s Equity what IS OWNED/ Owed to you Cash Loan Investments Accounts receivable Account payable Withdrawals Inventory Note payable Revenues Equipment Bond payable Expenses Prepaid Insurance Accrued liabilities 12month+ acc payable Description Principle 1. Usually created by a pronouncement from an authoritative body. 2. Financial statements reflect the assumption
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