CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems 5‚ 6‚ 7‚ 11 1A‚ 2A‚ 4A 1B‚ 2B‚ 4B 3 6‚ 7‚ 8‚ 10‚ 11 1A‚ 2A‚ 4A‚ 5A 1B‚ 2B‚ 4B‚ 5B 4 8‚ 9‚ 12‚ 13‚ 2A‚ 3A‚ 14‚ 15‚ 16‚ 17 4A‚ 5A 2B‚ 3B‚ 4B‚ 5B Learning Objectives Questions Do It! Exercises 1. Explain what accounting is. 1‚ 2‚ 5 1 1 2. Identify the users and uses of accounting. 3‚ 4 1 2 3. Understand why ethics is a fundamental business concept. 4. Explain accounting standards
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Offering Support (York SOS) to accompany our ACTG2011 Exam-AID session. It is intended for students enrolled in any sections of 2012/2013 INTRODUCTION TO FINANCIAL ACCOUNTING II-ACTG2011 course who are looking for an additional resource to assist their studies in preparation for the exam. References Friedlan‚ John (2010). Financial Accounting: A Critical Approach – 3rd Ed. McGraw Hill. What is Students Offering Support? Students Offering Support is a national network of student volunteers
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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losing its functions. For many years‚ the family has had a set of functions that every family has had to follow in order to fit in with society. Some of these functions include social control and the gender-role socialisation. Some Sociologists that have explored these functions are Murdock and Parsons. Murdock looks at reproductive‚ sexual and economic functions. Whereas‚ Parsons looks at the primary socialisation of children and the warm bath theory. I will be looking at these functions and assessing
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Producing the Payroll o Managing Payroll Information Systems o Managing the Payroll Function o Managing the Payroll Staff 5. Competence Framework for “Member – Payroll Manager” Level o Supporting the Organisation o Producing the Payroll o Managing Payroll Information Systems o Managing the Payroll Function o Managing the Payroll Staff 6. Competence Framework for “Member – Working at Strategic
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Financial Analysis Before we start the analysis lets define what we’re looking at‚ We are looking at what impact the trend towards smart cars had‚ for Ford in the UK. The problem with this is that Ford has chosen not to release an annual budget for every country but instead an overall annual report for the company as a whole. We can argue though‚ that the change in trend in the UK will have a greater impact than just for the UK operations more so it would translate into the major financial picture
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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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Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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