The purpose of this assignment is to select a step in the accounting cycle that is not currently automated at one of our team members ’ organization. The place of business we have selected is an independent financial brokerage firm‚ LPL Financial. The firm places a strong emphasis on the recruiting of established financial advisors throughout the country. When a financial advisor joins LPL Financial‚ so does their clients. One of our team member ’s works in the transfer department. The transfer
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I never understood adults. They drink water that burns your throat and set straws on fire and sip the air. When they get together they are always loud and they pay me less attention. Yes‚ I thought all adults were weird‚ until I met my Uncle Clinton. He liked to play the drums and he wore army pants and t-shirts with funny quotes or pictures. Uncle Clinton had a funny cartoon giggle when he laughed and love to eat all kinds of junk food. We always had fun together. We watched cartoons and played
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OPERATING CYCLE The way working capital moves around the business is modeled by the working capital cycle.This shows the cash coming into the business‚what happens to it while the business has it and then where it goes.the term operating cycle otherwise known as “cash cycle”.In order to earn sufficient profits‚a firm has to depend on its sales activities apart from others.The continuing flow from cash to suppliers‚to investors‚to debtors and back in cash.The time gap is technically termed as
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When it comes to Accounting there are nine steps that one must follow. The nine steps as followed in the accounting cycle are: 1. Analyze Transactions 2. Journalize Transactions 3. Post to Ledger Accounts 4. Prepare a Trail Balance 5. Journalize and Post Adjusting Entries 6. Prepare an Adjusted Trail Balance 7. Prepare Financial Statements 8. Journalize and Post Closing Entries 9. Prepare a Post Closing Trail Balance In the first step of accounting the analyze
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Elena Chen CH 221-227 November 3rd‚ 2009 Lab Report #3: Copper Cycle Abstract: The purpose of the experiment is to cycle solid copper through a series of five reactions. At different stages of the cycle‚ copper was present in different forms. First reaction involves reaction between the copper and nitric acid‚ and copper changed from elemental state to an aqueous. The second reaction converted the aqueous Cu2+ into the solid copper (2) hydroxide. In the third reaction Cu(OH)2 decomposed into
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Carbon Cycle Living organisms are significant in the recycling of numerous elements contained in an ecosystem. One of the elements is carbon. Carbon is nonmetal‚ forms over ten million different compounds‚ found in minerals‚ oceans‚ and is the main component of biological compounds. So how do living organisms and their biochemical reactions contribute to the recycling of carbon? Carbon moves through the ecosystem in a cycle‚ in which the living organisms take and release
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where does the water cycle gets its energy from? the water cycle gets the energy from the sun. why do we need the water cycle? since 97% of the earth is covered by salt water we can not drink it. we can remove salt from water but it could be very expensive. how does water get into oceans? when clouds can’t hold any more water it comes as precipitation and lands in the ocean. what is the water cycle made up of? it is made up of six different traits. condensation‚infiltration‚runoff‚ evaporation‚ precipitation
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Learning to do‚ doing to learn‚ earning to live‚ living to serve. Growing up in a family that has a huge background in the FFA I have become very familiar with it’s motto. My father and brother were both highly involved in FFA and as have I. This organization has been a huge contributor to the development of my leadership skills. Starting in the eighth grade I joined my local FFA chapter. Once I got involved I started to attend Leadership camps on the local‚ state‚ and even at the national level
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THE ROCK CYCLE ● ● ● ● There are three main types of rocks: igneous‚ sedimentary‚ and metamorphic. Each of these types of rocks are formed in different ways and each type of rock can be changed into the other types of rock. This process is called the Rock Cycle. The rock cycle is the process that makes and recycles rocks. IGNEOUS ROCKS ● ● ● ● ● ● Igneous rocks are formed from magma. Magma cools and solidifies into rock. When igneous rocks are exposed on the surface‚ time and weather break the
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The Accounting Cycle Five Cycles of Accounting The accounting cycle consists of five components: revenue‚ expenditures‚ financing‚ conversion‚ and fixed assets (Bagranoff‚ Simkin‚ & Strand‚ 2008). There are many business activities within a company that will take place in each of these cycles. The revenue cycle incorporates sales and cash receipts. Expenditures are the decrease in cash assets to acquire goods or services necessary to operate. The conversion cycle is a continual process that
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