Chinese accounting system has a rapid changed during the past decades‚ whatever it changes‚ the identity of Chinese accounting form is obviously shown to the world. Professionalism vs. Statutory Control “Even after the recent reforms ···accounting practices remain that reflect the state-controlled nature of the Chinese economy”（Adhikari‚1995‚Accounting for China） In China‚ accounting law is established by The Department of Administration of Accounting within the Ministry of Finance‚ accounting profession
Premium Finance People's Republic of China Balance sheet
Internal Audit Report for ABC Company Abstract The purpose of this report is to notify the accounting department about an accounting error that was discovered in a recent audit. Because of a weak internal control system‚ an adjusting entry for prepaid insurance was not recorded for the first three months in the amount of $500 per month. This report will identify three limitations of the internal control system‚ it will identify and explain two examples of internal control procedures‚ find symptoms
Premium Internal control
1. An Accounting Information System (AIS) * collects and processes transaction data and disseminates the information to interested parties. * Helps management answer such questions as: * How much and what kind of debt is outstanding? * Were sales higher this period than last? * What assets do we have? * What were our cash inflows and outflows? * Did we make a profit last period? Basic Terminology (see Textbook for definitions) * Event * Transaction * Account
Premium Generally Accepted Accounting Principles Revenue Double-entry bookkeeping system
weeks back in school students set goals and aspirations run high‚ this attitude can be seen in many recorded aspects of the student’s life. Grades‚ for example‚ are better and the future of the school year looks promising. Then suddenly‚ every single day starts to become the same: students commute to school‚ learn‚ go home‚ eat‚ do homework‚ and sleep. Then they get up the next morning and do the same thing over again. This pattern reoccurs for many weeks with very little breaks in-between. Life
Premium High school Education School
Presentation of Financial Statements Indian Accounting Standard (Ind AS) 1 Presentation of Financial Statements Contents Paragraphs OBJECTIVE SCOPE DEFINITIONS FINANCIAL STATEMENTS Purpose of financial statements Complete set of financial statements General features Presentation of True and Fair View and compliance with Ind ASs Going Concern Accrual Basis of Accounting Materiality and Aggregation Offsetting Frequency of reporting Comparative Information Consistency of Presentation STRUCTURE
Premium Balance sheet Generally Accepted Accounting Principles Financial statements
February 06‚ 2012 Abstract The public school system in America is a topic that is surrounded by great debate. There are many questions that surround this topic. The research question for this paper was‚ is the public school system failing to prepare our children for the future? And‚ what solutions are available if the system is failing? The methodology the researcher used in this paper was literature review‚ and he also conducted an interview with someone working in the field. In this paper
Premium Alternative education Education High school
who excels at verbal learning. Noticing the varied differences‚ we can improve how we communicate with others and make sure every person is learning without struggling. To insure each of us enforces our learning to the best of our ability‚ we can evaluate our communication style. Evaluation can show where we might lack or exceed. Evaluation can happen in various ways‚ one way we evaluated ourselves was by the activity “Communications Style Inventory.” After the class was done completing the activity
Premium Education Teacher Learning
Personal Goal Setting - Planning to Live Your Life Your Way How to Use Tool: Goal setting is a formal process for personal planning. By setting goals on a routine basis you decide what you want to achieve‚ and then step-by-step move towards the achievement of these goals. The process of setting goals and targets allows you to choose where you want to go in life. By knowing precisely what you want to achieve‚ you know what you have to concentrate on to do it. You also know what is merely a distraction
Premium Goal Management Goal setting
Is ABC suitable for your company? --Using Estrin‚ Kantor and Albers’ contingency grid‚ If an organization’s score puts it in Quadrant three‚ Is ABC implementation recommended? Explain. Is their method "foolproof?" Abstract Nowadays‚ we know that activity based costing system assigns overhead costs to products or services products that using a two-stage process‚ which focuses on activities. ABC is a relatively new and very important topic in managerial accounting. ABC allows us to find a way
Premium Cost accounting Management accounting
Association of Tourism and Hospitality Executive (ATHE) ATHE level 5 Extended Diploma in Management Unit name: Finance for Managers Unit no: 4.9 Assignment title: An investigation report on accounting and financial control Submission date: 21st September 2012 Submitted by: Ahmed Shahir ATHE registration number: Table of contents Introduction 2 Purpose and requirements for keeping financial records 3 Techniques for recording financial information
Premium Financial statements Income statement Balance sheet