8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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–3– M12/5/MATSD/SP1/ENG/TZ1/XX Maximum marks will be given for correct answers. Where an answer is incorrect‚ some marks may be given for a correct method‚ provided this is shown by written working. Write your answers in the answer IGCSE Revision 3 boxes provided. Solutions found from a graphic display calculator should be supported by suitable working‚ 1. 1. The following six integers are arranged from smallest to largest 1 ‚ x ‚ 3 ‚ y ‚ 14 ‚ z The mode is 1 ‚ the median is
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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Pastoral Care Group: 10 Maximum mark Your mark Grade % mark Class average % 60 Graphics calculators are permitted provided you answer the questions as asked Show all working clearly. Unless otherwise stated in the question‚ all numerical answers must be given exactly
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the revenue generation * Inadequate system to monitor the expenses * All the expenses should go through an approval process which requires all the expenses should be properly documented and the need explained. This is not in place in Choice House 2. Identify ethical issues that Ashley should discuss with the Finance Committee? Which IMA Ethical Standards would apply to Ashley? Discuss. * Credibility: The ED should record all expenses and provide all information when I asked
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Rachel Cox Junior Project Mark Twain’s Satire in The Adventures of Huckleberry Finn The fictional book hit on religious views and racial beliefs that defined the South when the book was published. Twain writes with the individual characters speaking in their own Southern language and not just through Huck. This makes the ridicule more effective. “Huck’s early rejection of Heaven‚ his later decision to accept damnation- are further instances of Twain’s dialectical counterpoising of the frivolous
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WORD CHOICE A writer’s selection of words as determined by a number of factors‚ including meaning (both denotative and connotative)‚ specificity‚ level of diction‚ and tone. "Word choice often determines whether or not you get your message across. Making poor word choices and not writing appropriately for the audience can distract the reader so much that the message you intended to convey is missed." Definition of Slang: An informal nonstandard variety of speech characterized by newly coined
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question. [5 marks] 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. [10 marks] 3. Suppose that the T-account for The Open Campus National Bank (OCNB) is as follows: Assets Liabilities Reserves $100‚000 Loans 400‚000 Deposits $500‚000 (a) If the central bank requires banks to hold 5% of deposits as reserves‚ how much in excess reserves does OCNB now hold? [5 marks] (b) If OCNB
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PUNCTUATION MARKS EXCLAMATION MARK (!) 1. Use an exclamation mark after an interjection or after an exclamatory sentence. 2. Do not overuse exclamation marks because they will introduce an almost hysterical tone. PERIOD (.) 1. Use a period to indicate the end of a declarative or an imperative sentence. 2. Use a period or periods with a Latin abbreviation or abbreviations that appears or appear in lowercase. Do not use a period or periods with an abbreviation or abbreviations that appears
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