Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
Free Accountancy Accountant Leonardo da Vinci
A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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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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To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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Chapter 1 Question 1-18 Consumers Union is a nonprofit organization that provides information and counsel on consumer goods and services. A major part of its function is testing of different brands of consumer products that are purchased on the open market and then the reporting of results of the tests in Consumer Reports‚ a monthly publication. Examples of the types of products it tests are middle-sized automobiles‚ residential dehumidifiers‚ flat-screen TVs‚ and boys’ jeans. a.) In what ways
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Discuss the overall importance of motivation as it relates to management. What are the benefits of having a fully motivated staff‚ and what are the potential consequences of not having motivated staff? What do contemporary theories tell us about the significance of motivation as a function of employee needs‚ extrinsic and intrinsic factors? How do we motivate across generations? In your response‚ please be sure to identify and address at least two theories. Motivation is the act or process of
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presented not only substantial opportunities but also some challenges for domestic and international companies (Watchravesringkan 2011). The aim of this essay is to discuss the importance of culture difference to MNEs. In this essay‚ culture and society will be discussed in the first part. The following part is about the importance of cultural difference to international managers. Finally‚ it will discuss the methods to understand cultural difference. Dowling & Liesch (2009) state that culture is
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Importance of EEOC HRM210-1202A-04 April 23‚ 2012 Importance of EEOC The U.S. Equal Employment Opportunity Commission (EEOC) is responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person’s race‚ color‚ religion‚ sex‚ national origin‚ age‚ disability or genetic information. Applying toward all types of work situations‚ including; hiring‚ firing‚ promotions‚ harassment‚ training‚ wages‚ and benefits. Organizations
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ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries
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the Seattle area. Increased sales would mean the hiring rate would rise to meet workflow demands. This would be valuable because employees would need to relocate and would be looking for housing. d. Boeing’s management Reviewing the company’s financials allows the management to see where their losing or gaining money. It also allows them to assess in what areas they could possibly make investments. e. International Aerospace Machinists‚ a labor union representing many Boeing employees
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