Effective communication is important in business dealing with employees and outsiders‚ such as vendors and clients. Because accounting is an intrinsic part of any business‚ good communication skills are vital in this area. Important financial tasks such as budget preparation and reporting‚ bill paying‚ payroll and recording income need to be presented properly to management and others to be useful and meaningful. Ads by Google Business Tax Advice Accounting & bookkeeping services Business reporting
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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A person may not use a form of communication not based on formal language system because: They are deaf and may have to use hearing aids. When communicating a Professional should then make their body in a position that is important. A professional should make sure they are facing the person and they can see their mouth. A person should speak clearly‚ slowly and distinctly –a Professional should not shout as this might distort communication and make it harder to lip read A professional
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Management‚ Inc. I initiated a complete new computer system installation and conversion‚ a reorganization and overhaul of the accounting management systems‚ and innovative payroll tracking system. KSA # 3: Skill in coordinating multiple activities‚ organizational skills and ability to solve problems independently and to prioritize workload. I have strong organizational skills with the ability to quickly diagnose unproductive processes and
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Effective negotiation skills are becoming increasingly important for today’s global business. A lot of time is spent negotiating in a global setting as companies and individuals conduct business. This paper will attempt to critically assess the significance of cross cultural negotiation skills for the success of international mergers and alliances. To begin with let the definition of negotiation be deduced. Daniels‚ Radebaugh and Sullivan (2004) identify negotiation as a sequence of actions in
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Reflection Paper‚ Listening Skills Davenport University MGMT535 4/7/2013 When it really comes down to listening‚ individuals are so self-absorbed that they fail to effectively listen to what others have to say. Listening is not just being able to hear what was said‚ it also involves the ability to understand the information being presented by the person communicating known as the speaker. Listening can be broken down into visualizing and feeling what the other person is experiencing when
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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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Employability Skills From Framework to Practice An Introductory Guide for Trainers and Assessors © Commonwealth of Australia 2006 Developed by: Precision Consultancy Suite 2‚ Level 5‚ 167–169 Queen Street Melbourne VIC 3000 Tel: 03 9606 0118 www.precisionconsultancy.com.au Precision Project Team: Mitch Cleary Rosalie Flynn Seth Thomasson © Commonwealth of Australia 2006 The views expressed in the copyright work do not necessarily represent the views of the Commonwealth
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