PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting Standards (IAS’s)
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DEVELOPMENT OF COST ESTIMATION OF EQUATIONS FOR FORGING A thesis presented to the faculty of the Russ Engineering and Technology of Ohio University the Russ College ofCollege of Engineering and Technology of Ohio University In partial fulfillment of the requirements for the degree Master of Science John C. Rankin November 2005 APPROVAL PAGE This thesis entitled DEVELOPMENT OF COST ESTIMATION OF EQUATIONS FOR FORGING by John C. Rankin JOHN C. RANKIN has been approved for the Department
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—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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How to Calculate a Present Value Using Microsoft Excel I want to do this! What ’s This? Using Microsoft Excel to calculate the present value of a potential investment is a simple task once you learn the syntax of the required formula. Follow these easy steps and you can calculate present value using Microsoft Excel easily and quickly. Instructions 1. 1 Understand the concept of present value. Present value is one of the Time Value of Money calculations. Use it to answer questions
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Accounting and Life Paula Grace L. Emboltorio‚ BSA 1-5 The first semester is nearly ending and our final exams are coming soon. We have already encountered a lot of challenges‚ from floods on the roads to surprise exams from our professors. We have been surviving our course for more than five months now. We are closest to finishing our lessons but have we learned enough to apply accounting lessons into our life? Have we even thought that we can turn accounting lessons into life lessons? The first
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measurement. 3. Calculate expected rate of return given the probability of an outcome. 4. Given situational facts‚ compute present and future value. 5. Given business facts‚ calculate the return on investment. 6. Given investment details‚ calculate how Iong an initial investment was growing at a certain interest rate. 7. Given the probability of an outcome‚ calculate the expected return/rate of return. 8. Identify and calculate future and present value of an annuity. 9. Given certain facts‚ identify
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Introduction Thirty years ago‚ most financial accounting was done manually‚ leading to a great deal of paperwork. Currently‚ most accounting information is recorded via computers and wide area networks (Journal of Accountancy‚ 1994a). Technology has certainly changed the face of accounting over the years. While it is unclear whether technology’s impact on accounting has been positive or negative‚ it is clear that technology has drastically changed the accounting profession. Often a technological advance
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1. Accounting is an information and measurement system that: A. Identifies business activities. B. Records business activities. C. Communicates business activities. D. Helps people make better decisions. E. All of these. 2. Technology A. Has replaced accounting. B. Has not changed the work that accountants do. C. Has closely linked accounting with consulting‚ planning‚ and other financial services. D. In accounting has replaced the need for decision makers. E. In accounting is only
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Forum #2: Linear Equations in Real Life Pick one of the following problems. Show how you would solve it using a system of linear equations. 1) John spent $201 shirts and pants for work. Shirts cost $27 and pants cost $22. If he bought a total of 8 articles of clothing‚ then how many of each kind did he buy? 2) A school dance has 228 students. There are 63 fewer girls than twice as many boys. How many boys and girls attended the dance? 3) There are 15 animals in the barn. Some are ducks and some
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