Subject: Basic Accounting Batch: 2010-12 Foundation Program Faculty: S. Vijayakumar Bharathi Session Date | Session Details | Plan | Session Method | Session 1-3 | Pre-session preparation | Read from the book Accounting for Management | Syllabus discussion‚ PPTs / Videos on relevant topics | | Session | Introduce Accounting to the students | | | | PPT on basic concepts of Accounting. | | | | GAAP (concepts and conventions in accounting) | | | Post-session assignment
Premium Financial statements
conditions. Technicians must have a good base of knowledge about how vehicles components work and interact‚ as well as the capability to work with electronic diagnostic equipment and computer based vehicles. The most important system of your vehicle would definitely be the electrical system; the electrical system maintains almost everything in you car; from climate control to just adjusting your seat. There are many components to an electrical circuit that many people don’t know of. There are tons
Premium Electric charge Electric current Electron
line item under assets because we used cash and credit $100‚000 under liability because we now owe a debt. After fully balancing the equation‚ we had $200‚ 00 in assets (what we invested) and $100‚000 in liabilities and shareholder’s equity. Chapter 1 Accounting in Action: E 1-5 pg. 34 Instructions: For each of the three situations‚ say if the accounting method used is correct or incorrect. If correct‚ identify which principle or assumption supports the method used. If incorrect‚ identify
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
$34‚000. d. $178‚000. In the U.S.‚ generally accepted accounting principles are established: a. directly by the 1933 Securities Act. b. by the Public Company Accounting Oversight Board. c. by the Financial Accounting Standards Board. d. by the Association of Certified Public Accountants. On March 1‚ 2006‚ the premium on a two-year insurance policy on equipment was paid amounting to $1‚800. At the end of 2006 (end of the accounting period)‚ the financial statements for 2006‚ would report
Premium Balance sheet Generally Accepted Accounting Principles Revenue
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
Premium Economics Decision making Small business
Basic equations of fluid statics | | | | | | | | | | | | | | | | An equation representing pressure field P = P (x‚ y‚ z) within fluid at rest is derived in this section. Since the fluid is at rest‚ we can define the pressure field in terms of space dimensions (x‚ y and z) only. Consider a fluid element of rectangular parellopiped shape( Fig : L - 7.1) within a large fluid region which is at rest. The forces acting on the element are body and surface forces. | | Body force
Free Force Classical mechanics Derivative
rent of $1‚000 30-May Smith paid dividends to himself of $1‚400 Requirements: 1 Enter the transactions for May into the accounting equation‚ calculating new balances after each entry. Assets = Liabilities + Stockholders’ Equity Cash + Accounts receivable + Supplies + Equipment Accounts payable Common stock + Service revenue - Salaries expense
Premium Balance sheet Generally Accepted Accounting Principles Revenue
Components of Accounting Systems Accounting information systems consist of records‚ methods‚ and equipment. These are designed to capture information about a company’s transactions and to provide output including financial‚ managerial‚ and tax reports. All accounting information systems have these same goals‚ and thus share some basic components. These components apply whether or not a system is heavily computerized‚ yet the components of computerized systems usually provide more accuracy‚ speed
Premium Input device Information Information system
promotional strategies you should think of its many facets. A promotional strategy cannot live on only a few components. It must live on most if not all‚ including advertising‚ sales promotion‚ publicity‚ personal selling‚ and direct marketing. Each of these factors plays a key role in positioning the seller into an area where consumers are more than willing to buy their products. Looking at these components and how they are used in certain situations will teach even more about the best ways for any company
Premium Marketing
Corporation in Indian passenger car manufacturing is often pointed as the first sign of India turning to a market economy. Since then the automobile sector witnessed rapid growth year after year. By late-90 the industry reached self reliance in engine and component manufacturing from the status of large scale importer. With comparatively higher rate of economic growth rate index against that of great global powers‚ India has become a hub of domestic and exports business. The automobile sector has been contributing
Premium Marketing