Financial Accounting vs. Bookkeeping Accounting is the art of recording financial or business transactions in a methodical manner. So as to show their relation to each transaction and the state of the business in which they occur; summarizing‚ analyzing‚ verifying‚ and reporting the results. Accounting is the art of keeping accounts. It is a ridged definition‚ but it is exactly what accounting is‚ it is more than just memorizing terms and procedures; it’s a whole new way of thinking about
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UNIKL BUSINESS SCHOOL ______________________________________________________________________ EXECUTIVE SUMMARY “ANROIDS UNDER ATTACKS” GROUPS 6 : RITA BINTI MOHD AMIN (62288211023) : NURUL NABILAHUDA BT MOHD MOKHLIS (62288211195) : SHAFIQA NABILA BT MOHD SUJAK (62288211229) : AZMAATUL NURSHAZREEN BT AHMAD (62288211155) LEC NAME : SIR. AMIRUL (AC20) EXECUTIVE SUMMARY Organization
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Nowadays‚ accounting scandal or financial statement fraud has increasingly become a serious issue and it threatens to undermine the profession of accountants and auditing companies. Therefore‚ I think that this has affected the way future accountants view the importance of accounting principles‚ future accountants will tend to neglect and disregard accounting principles even more regarding the present accounting scandals. I plan to start my introduction by explaining briefly what accounting is and
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AFFIRMATION AND ACKNOWLEDGEMENT I hereby declare that this report is my original research work compiled and has never been submitted to any organization for the fulfillment of internship requirements and other requisites. Every good work is certainly impossible to accomplish single-handedly.Therefore‚ it is with heartfelt gratitude that I convey my sincere thanks to my family‚ and best friends for the great encouragement and support that you have given to me again and again. I would like to
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Accounting Exploration To most people being an accountant means sitting in an office crunching numbers all day and having little to no people skills. This could not be further from the truth. I have only recently decided that I would like to pursue a career in accounting after spending two years as a pre-medical student and realizing that I no longer had the desire to spend another ten years in school and residency programs. Accounting grabbed my attention because it does deal with a lot of numbers
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Purpose and requirements for keeping financial records Keeping accurate and properly managed records will contribute the success of business in following ways: • Highlights the financial problems and enable remedies to be put in place • Provides valuable information for the future sale of your business where that is required • Helps to mange things shortly and saves your time • Fulfils the obligations as to taxation law • Provides information of management and helps to take further decisions
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Question 1 Before Kim Fuller start to manage his business‚ he need to identify two kinds of information which is can categorized to accounting information and non-accounting information. Accounting Information Accounting Information is a set of financial data indicating an organization’s resources‚ revenues‚ debts or expenses. Information about accounting information system is responsible for providing timely and accurate financial and statistical reports for internal management decision making
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Kieso‚ Weygandt‚ Warfield‚ Young‚ Wiecek‚ McConomy Intermediate Accounting‚ Tenth Canadian Edition CHAPTER 1 THE CANADIAN FINANCIAL REPORTING ENVIRONMENT ASSIGNMENT CLASSIFICATION TABLE Topic Brief Exercises Writing Assignments 1. Financial statements and financial reporting. 2. Capital allocation. 1 4 3. Stakeholders. 2 4 4. Objectives of financial reporting. 3 5. Management bias in financial reporting. 1 6. Importance of
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1. Frame the ethical issue Should Giles and Regas have a serious relationship while working on a same case or within the same accounting firm? 2. Gather all the facts: The couple spends personal time together during the workday Regas is having a three hours long lunch break Regas is being distracted from work Team members are aware of the relationship between two Regas and Giles have tried to be discreet about their relationship 3. Identify the Stakeholders and their obligations Mark
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I need you to write an article on what you understand by Bank Reconciliation and under this topic I also want you to discuss about COMPARING THE BANK STATEMENT TO THE CASH and how to HOW TO DO A BANK RECONCILIATION...minimum of 2pages The procedure of comparing the account balance by the bank with that of the company’s book of accounts and explaining any discrepancy is bank reconciliation. The discrepancy in the balances may be due to the different timing of registering the data in the bank’s
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