A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
Premium Generally Accepted Accounting Principles Income statement Revenue
Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
Premium Generally Accepted Accounting Principles Depreciation
Phase 1 Discussion Board 2: Object Oriented Techniques IT110_1302A-01 Introduction to Programming Instructor: Steve Montgomerie Jeffrey Graham April 10‚ 2013 Colorado Technical University In order to better understand object oriented programming (OOP) this paper will discuss the similarities and differences between OOP and procedural programing (PP). It will also provide information on four basic object oriented concepts of objects‚ classes‚ methods‚ and polymorphism. The some similarities
Premium Object-oriented programming Programming language
Entrepreneurial Advisor Verner Richie MGT/418 June 1‚ 2015 Mr. Fernando Chavez Entrepreneurial Advisor Introduction A business consultant is an outside expert one hires to solve an internal business problem. A good consultant is viewed as and great source of specialized knowledge. Other attributes that a great consultant offers is knowledge‚ skills‚ experience‚ and the ability to improve the clients conditions. This is the service I will provide for the two new clients who have just acquired my
Premium Veteran Entrepreneurship Small business
CheckPoint: Object-Oriented Data and Processes Identify a task you perform regularly‚ such as cooking‚ mowing the lawn‚ or driving a car. Write a short‚ structured design (pseudocode only) that accomplishes this task. Think about this task in an object-oriented way‚ and identify the objects involved in the task. Identify how you can encapsulate the data and processes you identified into an object-oriented design. Describe the architectural differences between the object-oriented and structured
Premium Programming language Design Computer program
Reader-Oriented Criticism This essay will summarize what Reader-Oriented Criticism actually is and how it plays a role with in Friday Night Lights. First of all‚ Reader-Oriented Criticism is the interaction of what the text was written to mean and how the viewer reads it‚ also known as text-reader relationships. “As such‚ reader-oriented criticism is largely concerned with “potential” as opposed to “actualized” meanings of the text to an audience” (Vande 331). The text throughs out cues on how
Free Writing Literary criticism
FREQUENTLY ASKED QUESTIONS (JAVA) IN INTERVIEWS 1)What is OOPs? Ans: Object oriented programming organizes a program around its data‚i.e.‚objects and a set of well defined interfaces to that data.An object-oriented program can be characterized as data controlling access to code. 2)what is the difference between Procedural and OOPs? Ans: a) In procedural program‚ programming logic follows certain procedures and the instructions are executed one after another. In OOPs program‚ unit of program
Premium Java
Journal Entry 6-1-12 I learned that its not always about immediate profit. The purpose of business is to prolong your business while making a solid profit each year. If you make 100‚000 dollars for 3 years that does not exceed what your profits would be if you made 75‚000 dollars a year for 25 years. The peace of mind alone knowing you have a trust worthy business partner as well as a set in stone job/business for your lifetime and retirement is often a lot more rewarding than a quick buck. I
Premium English-language films Marketing American films
Strategic Planning for Profit and Non-Profit Organizations Name School Table of Contents Abstract 3 Introduction 4 Discussion 4 Role of government in regulation of non-profit fundraising 4 Demanding of disclosure statements 4 Provision of more funding 5 Appointment of external auditors 5 Role of states in regulating non-profit fundraising 6 Sarbanes-Oxley-type legislation in non-profit fundraising 8 Importance of Sarbanes-Oxley type legislation 8
Premium Non-profit organization Fundraising
honest‚ bright‚ hard-working and successful. People want to be entrepreneurs; policymakers are busy trying to find‚ encourage and grow entrepreneurs because of their positive effect on jobs and productivity. Greg Watson (2011) writes‚ “The entrepreneurial mind thrives in environments of uncertainty‚ diversity of culture‚ talent and opportunity. These three areas of characteristics provide broad insights into the mindset of the entrepreneur; perhaps the genetic makeup of the entrepreneur”. So‚ what
Premium Entrepreneurship Entrepreneur Joseph Schumpeter