2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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Financial Accounting Part I Textbook for Class XI © no N C tt E o R be T re pu bl is he Accountancy d ISBN 81-7450-507-5 First Edition February 2006 Phalguna 1927 Reprinted October 2006 Kartika 1928 October 2007 Kartika 1929 January 2009 Magh 1930 January 2010 Magha 1931 January 2011 Magha 1932 PD 90T RPS © National Council of Educational Research and Training‚ 2006 ALL RIGHTS RESERVED No part of this publication may be reproduced‚ stored in a retrieval system or transmitted‚
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The Glory Field The Glory Field is a story of a black family who was fighting for freedom and equality. The story starts with Mohammad Bilal who was the founder of the Lewis family. The eleven years old‚ Mohammad Bilal was captured in 1753 as a slave. Mohammad Bilal’s difficult journey started from the ship when they brought him from Sierra Leone to South Carolina. In 1864‚ Joshua and Lem who were the great grand children of Mohammad Bilal tried to run away from slave. However‚ Lem was caught
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I always been interested in track and field. It’s Great to see many different cultures joining together battling out to be number one. It amazes me because at one point in life track and field was just a thing. people not realizing what it was they would just run to one point to another or even jump in sand just for the fun of it having no idea what they was doing till a man came to name it track and field. For me I love it because of the challenges it comes with and the excitement i get out of
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More than Just a Run Running a race well in track and field is not just going out and running‚ there are many things that go behind running a race. Track and field is often looked at as a sport that everyone can go out and do without training or any true commitment. The first thing that goes behind running a race‚ whether it is a short distance or a long distance race is training. “ Training is a systematic process of repetitive‚ progressive exercise or work involving learning and acclimatization”
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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Field Visit Form Project ID: C143 Intern Name Intern ID Mentor Name Time Duration Date of the Visit Suggested/ Referred by Location of Visit More trips needed? Sandhya Chandramohan 13100353 Shri Ranjan Dwivedi Start Time: 10 am 4th June‚ 2013 Mentor National Institute of Public Finance And Policy‚ New Delhi Yes End Time: 1. Contact Information of the People met during Field Visit Full Name Designation Contact No. Time Duration Email Address Prof. Mukesh Kumar Anand Assistant Professor‚ NIPFP
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Lilies of the Field Introduction A novel named "Lilies of the Field" was written by an American author William Edmund Barrett‚ in the year of 1962. With the assistance of the idea from Barrett ’s novel Ralph Nelson made a tremendous movie in 1963. Discussion A small but excellent novel "Lilies of the Field" made into an excellent and educational movie‚ the main subject of the novel and movie is bless the children and creatures even Charles‚ it is a fact that in the twentieth-century there are
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