The history of accounting is as old as civilization and is among the most important professions in economic and cultural development. Much of what we know about the daily lives of ancient people comes from accounting records‚ such as inventories and sales records‚ found at archeological sites. People in all civilizations have maintained various types of records of business activities and the earliest known records kept are the clay tablet records for the payment of wages in the Mesopotamian Valley
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Great Plains Microsoft Dynamics Great Plains is a mid-market business accounting software package that can run on a Microsoft SQL Server database. There are many companies that use different types of accounting software but one that I would suggest would be Microsoft Dynamics Great Plains. There are two companies that we work for that use this accounting software and are very impressed by what it can do compared to other accounting applications. After doing some research on what Microsoft Dynamics Great
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or Accounting Choosing a career is one of the most important decisions a person has to make in their life. It is so important because that is what people will have to do to support their selves throughout life. For the past ten years psychology and accounting were two of the top ten potential career choices. According to the U.S. Department of Education‚ National Center for Education Statistics up to 70‚000 bachelor’s degrees in psychology were awarded‚ and up to 30‚000 in accounting all around
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Accounting Theory Construction The function to study accounting theories is to classify them according to the assumptions they rely on‚ how they were formulated‚ and their approaches to explaining and predicting actual events. There are some classification which are pragmatic‚ syntactic‚ semantic‚ normative‚ positive‚ and naturalistic approaches. Pragmatic approaches are based on observing the behavior of accountants or those who use the information generated by accountant. Syntactic approaches
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of corporate performance’. Academy of Management Review‚ 4‚ 497–505. Clinebell‚ S. and Clinebell‚ J. (1994). ‘The effect of advanced notice of plant closings on firm value’. Doh‚ J. P. and Guay‚ T. R. (2006). ‘Corporate social responsibility‚ public policy and NGO activism in Europe and the United States: an institutional-stakeholder perspective’ Donaldson‚ L. and Davis‚ J. H. (1991). ‘Stewardship theory or agency theory: CEO governance and shareholder returns’ Donaldson‚ T. and Preston‚ L. (1995).
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Explain the following: (a) Financial accounting Is concerned with the provision of information to external parties outside the organization and also concerned with the classification and recording of financial transaction in monetary terms in accordance with the established concepts‚ principles‚ accounting standards and legal requirements and presents the effects of the transactions on the performance and financial position of the business. (b) Cost accounting Is concerned with the ascertainment
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CHAPTER 1 DECISION MAKING AND THE ROLE OF THE ACCOUNTANT DISCUSSION QUESTIONS SOLUTIONS 1. ‘Accounting is irrelevant in decision making because the information it provides relates only to the past.’ Discuss. Accounting is relevant to the decision-making process as it helps provide financial information as to the most efficient use of available economic resources. Although accounting provides financial information based on past financial transactions‚ it is useful in giving details on how efficiently
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paper will present some positive and negative examples of financial reporting results and offer analysis about them. These examples can incorporate both current events and historical events. Read more: Suggested Topics for Research Papers on Accounting | eHow.com http://www.ehow.com/info_7975932_suggested-topics-research-papers-accounting.html#ixzz2NNsEuqHq Auditing Collusion You will investigate the relationship between the owner and manager of a company and the auditor and owner of a company
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According to Weetman (2006 p25) ‘accounting is the process of identifying‚ measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.’ If we extract the suffix of the word‚ we are left with the word ‘account’. To account for something is to take something into consideration. In terms of finance‚ accounting for something can be seen as baring it in mind when compiling financial information. Synony mously‚ taking something
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Literacy in accounting Kierra Collins Florida State College of Jacksonville At least once in a life time a person will have to trust another with their financial wellbeing. People such as accountants who take care and manage the money of others. Accountants assist their clients with finical advice and make sure that all of their government work is in order. Others work for big corporations and the take care of their bookkeeping. Accountants have a very difficult job because not only do they have
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