ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries
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Porumbeanu Andra-Irina Aspects of memory The way in which the human mind functions has always held a place among the most controversial issues‚ highly debated across the world. Mainly due to their very complex nature‚ some of the brain’s processes have not yet been fully understood and explained. The memory is probably the most fascinating of them all because of the vast number of factors involved in creating a single piece of information which has to be stored for a short or long term. It is
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Project part 2 Student name Professor Institution Course Date Why is frictional unemployment important to have in any economy? Frictional unemployment is the kind of unemployment that arises as a result of people moving from one job to another‚ career or location. It involves people who have both the competencies and skills of getting a job and in the stages of getting one though they have not become successful in finding one1. For those people looking for new jobs while still continuing
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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ETHICAL ISSUES IN MANAGERIAL ACCOUNTING The aim of this paper is to highlight in the light of the empirical researches conducted previously the presence of ethical issues and dilemmas in managerial accounting. The implications of which can be disastrous bringing colossal giants crumbling to their knees. The prime aim is to throw light at the subtle inconsistencies that can cost the companies far more than just money but their entire image. The asset of ‘good will’ has its nemesis in these unethical
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but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received. An obligation and certainly of payment differ‚ as payment for
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INTRODUCTION Marketing is an ongoing process of planning and executing the marketing mix (Product‚ Price‚ Place‚ and Promotion often referred to as 4Ps) for products‚ services or ideas to create exchange between individuals and organizations.[1] Most people think that marketing is only about the advertising and/or personal selling of goods and services. Advertising and selling‚ however‚ are just two of the many marketing activities. In general‚ marketing
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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 Internal Controls for e-Commerce * Stolen credit card
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Part II. Marketing Aspect Marketing is the science of meeting the needs of a customer by providing valuable products to customers by utilizing the expertise of the organization‚ at same time‚ to archive organizational goals. It is the activity‚ set of institutions‚ and processes for creating‚ communicating‚ delivering‚ and exchanging offerings that have value for customers‚ clients‚ partners‚ and society at large. It is important to realize that the customer can be an individual user
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INTRODUCTION Counseling means professional guidance of the individual by utilizing psychological methods especially in collecting case history data‚ using various techniques of the personal interview‚ and testing interests and aptitudes. Support process in which a counselor holds face to face talks with another person to help him or her solve a personal problem‚ or help improve that person’s attitude‚ behaviour‚ or character. Counseling Psychology is a field of psychology that focuses on everyday
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