the deal? Clubs are very common establishments in our society. Firstly‚ before I further explain all the required information‚ we have to understand that a club operates differently as compared to a normal business/enterprise. The most imperative difference between a business and this sports club is that a business is established with the aim of generating profit which the owner is entitled to because the owner is the person who provides the start-up capital. The low down A sports club on the other
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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ACCT 3512 Chart of Accounts Accounts & 4 Characteristics by 6 Acct Types: FS‚ Real vs. Nominal & Normal Acct Bal (NAB) mjm cpa 9/13 (Contra Accts) [Historical Cost Exceptions] (ACCT 3512 emphasized accts in italics) by Marco J. Malandra‚ CPA 1. ASSETS: BS‚ Real‚ Dr NAB‚ (Cr if contra) 3. SHs’ EQUITY: BS‚ Real‚ Cr NAB (Dr if contra) Current [generally]: IC accts: Preferred Stock [at Par Value] Cash (Money Orders‚Checks‚Checking‚ Savings‚ Petty) Additional-paid-in-capital
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can take place on the following occasions : l LEARNING OBJECTIVES After studying this chapter‚ you will be able to : l Explain the concept of reconstitution of partnership firm; Describe the accounting implications of change in profit sharing ratio amongst existing partners; Explain the accounting implications for change in capital contributions; Describe the need for revaluation of assets and reassessment of liabilities; Carry out the treatment for reserves/accumulated profits or losses among
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National Accounts • Gross Domestic Product (GDP) measures the final value of all goods and services that are produced within a country in a given time period. • There are 4 types of expenditure: 1. 2. 3. 4. Consumption: expenditure by domestic residents Investment: expenditure by firms on plants & equipment Government purchases: expenditure by governments on goods and services Net exports (exports minus imports): net expenditure by foreigners on domestic goods and services 1 GDP
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promised ourselves‚ and sometimes others‚ that we would do‚ and they cannot be forgotten. As Key Club representatives‚ we have a duty to keep our club running smooth throughout the year and finish out the year strong. It is important to fulfill end-of-the-year obligations for Key Club because others are dependent on us. We are a team and we all depend on each other in order to have a successful club. Officer elections being held mean that there is now a new staff‚ a new team‚ a new group of people
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Membership Card In Queen Club‚ we have provided a membership card for all of our members. This membership card is for individual. This membership card is easier for our staff to recognize the member’s personality detail and the behavior of the members. In additional‚ the member also can enjoy the member prices when dining in our restaurant and collect the point too. Once the member has collected the point until the target‚ they may get a free gift from our club such as they may get a free voucher
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3/15/2013 3/15/2013 STUDENT ACCOUNT INFORMATION MANAGEMENT SYSTEM STUDENT ACCOUNT INFORMATION MANAGEMENT SYSTEM Submitted by: Michelle Aiko M. Castañeda Arian Pearl Bagangan Christian Ian Labsang Lady Lou Loluquisen Edmar Samortin Submitted to: Prof. Verdict Gonzales EXECUTIVE SUMMARY Students Account Information Management System is for the accountant to know if the students still have their balances. This also helps the
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The Breakfast Club Reaction Paper The Breakfast Club is a 1985 film based on five students from entirely different social groups forced to spend an eight hour Saturday detention together for their own individual reasons. The five students were all given the same assignment‚ to write an essay about “who you think you are" and the acts they committed to end up in Saturday detention. As high school students of course they put off the assignment until the last minute and instead they passed the hours
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__ COURSE CODE : BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such‚ it differs from other accounting courses learnt previously. It is designed to further enhance students’ understanding of the concepts and issues in accounting theory and practices. This course involves
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