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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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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State of Arkansas Office of Information Technology 124 W. Capitol Ave. Suite 990 Little Rock‚ AR 72201 501.682.4300 Voice 501.682.4020 Fax http://www.cio.arkansas.gov/techarch Best Practices Statement – Project Management Title: Best Practices for Managing State Information Technology Projects Document Number: BP33-001 Effective Date: 09/01/2003 Published by: Office of Information Technology 1.0 Purpose 1.1 This best practice document was created to a) assist agencies in their project
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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he/she wants to study. There are two choices on how one can attain education. It is through attending schools or homeschooling. Homeschooling is the process of studying in your own home. Despite the many benefits of homeschooling‚ there are some disadvantages to it. The amount of sacrifice of a person can affect him/her physically‚ emotionally‚ and financially. How would you think a child gain friends if he/she is homeschooled? We must know that homeschooling affects a student’s development of social
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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Advertisement? Advantages and disadvantages. . . There is several definition of advertisement but we can simply define it in following Words Advertising is the paid‚ impersonal‚ one-way marketing of persuasive information from an identified sponsor disseminated through channels of mass communication to promote the adoption of goods‚ services or ideas. Objectives of advertisement. Advertisers want to generate increased consumption of their commercial products and services. Advertising messages
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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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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FIELD STUDY 1 THE LEARNER’S DEVELOPMENT AND ENVIRONMENT Episode 2 LEARNER’S CHARACTERISTICS AND NEEDS Name of FS Student: JOEL J. PATROPEZ Course : BACHELOR OF ELEMENTARY EDUCATION Year and Section: 4A Resource Teacher: ANITA R. AYONG Signature : _________________ Cooperating School: CALBAYOG PILOT CENTRAL SCHOOL Your Target At the end of this activity‚ you will gain competence in differentiating the characteristics and needs of learners from the different developmental levels
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