ACCT 2102 EXCEL ASSIGNMENT 1 SUMMER SEMESTER 2014 This assignment must be entered into a spreadsheet and emailed to me by WEDNESDAY JULY 2‚ 2014‚ midnight. Please use Excel to solve the textbook Case (pp 152-153). Please use the ABC template as illustrated on page 139 of your textbook in your solution (ALL of the account and product names will have to be changed to the Case question descriptions). The paper is worth a possible 25 points toward your grade. All work must be your own and please
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CHAPTER 15 MANAGING CURRENT ASSETS (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Working capital Answer: c Diff: E [i]. Other things held constant‚ which of the following will cause an increase in working capital? a. Cash is used to buy marketable securities. b. A cash dividend is declared and paid. c. Merchandise is sold at a profit‚ but the sale is on credit. d. Long-term bonds are retired with the proceeds of
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
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Introduction Traditionally‚ cash basis of accounting has been used in the public sector; however‚ in recent years extensive debates have emphasised whether a move to accruals basis of accounting would be more feasible. The proponents argue for such a change due to the benefits accruals basis has to offer. There are still heavyweight supporters for cash basis such as IFAC – a body that issued 21 IPSAS based on IMF‚ EU Commission‚ and IFRS / IAS (Jorge Faustino‚ 2008). Moreover‚ there are several organisations
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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Analyzing Managerial Decisions: Rich Manufacturing Johann Davisson MBA540: Managerial Economics September 9‚ 2012 Saint Leo University Prof. P. Wiseman Abstract Gina Picaretto‚ a production manager at Rich Manufacturing‚ has been tasked to evaluate a $3 increase in the price of parts supplied by Bhagat Incorporated. The price increase is a result of a new labor contract entered into by Bhagat with a union (Brickley‚ Smith‚ & Zimmerman 2009). The contract between Rich Manufacturing
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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Accounting and Profiling Information Management System A System Proposal Presented to the Faculty of the Information Technology Education Program University of the Immaculate Conception Fr. Selga St.‚ Davao City _________________ In Partial Fulfilment of the Academic Requirements for the Subject SYSTEMS ANALYSIS AND DESIGN (SAD) By: Dayrit‚ John Paul N. Evasco‚ Allan Christopher G. Mendoza‚ John Mark N. September 2013 Table of Contents Part I SYSTEMS ANALYSIS
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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