Nine Steps of Accounting Cycle William Watkins XACC/280 March 6‚ 2012 Donna Adams Nine Steps of the Accounting Cycle Screen Shot 08 March 2012 [pic] The nine steps of the accounting cycle ae generally described as follows. These steps are designed to follow a logical sequence to record transactions and prepare financial statements‚ and begins with transaction analysis and ends with closing of the books. Step 1. Collect and analyze the transactions
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Financial Analysis Coca-Cola and PepsiCo XACC/280 Financial Analysis An official financial analysis for a specific company needs two years of financial data from the company and from a competitor in the same industry. This financial analysis is between PepsiCo‚ Inc. and Coca-Cola. Pepsi and Coca-Cola dominate the beverage market worldwide. In addition to sodas‚ they also distribute a variety of water and energy drinks. Based
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Ratio‚ Vertical‚ and Horizontal Analyses Regina Stewart XACC/280 February 3‚ 2012 Jose Rodriguez Ratio‚ Vertical‚ and Horizontal Analyses A detailed examination of the tools used in financial analysis‚ in addition to their various functions‚ is provided within this paper. The current ratio and calculations on the questions are provided herein. A variety of tools are used to assess the importance of financial data. Frequently used tools of financial statement analysis consist of horizontal
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Financial Analysis XACC/280 February 05‚ 2012 The two major companies that manufacture beverages are PepsiCo and the Cocoa-Cola Co. These two companies have been in competition for many years and both companies have a variety of choices when purchasing one of their beverages. These companies can be identified through their products such as; if a person were to buy a Pepsi the person
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someone decide which is more successful and financially stable. While we look at these statements I would like to keep in mind how good it is to look at trend over time. This opens our next concept which is vertical and horizontal analysis. By taking a step back and going over the ratio analysis which is composed of the three main characteristics‚ we are able to see what has happened during the time period we compare with. Hence us making our intelligent investment decision. Going back‚ ratio analysis
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Internal Controls Xacc/280 Connie Hardgrove Axia College By: Billie Grimes
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Internal Controls Your Name XACC/280 Date Instructor Name Internal Controls Internal controls are an essential asset to any company that wishes to maintain their company’s security and accuracy. These controls help to protect the assets belonging to a company from unforeseen events such as employee theft‚ robbery‚ or any sort of unauthorized use (Weygandt‚ Kimmel‚ & Kieso‚ 2008). They also create the opportunity for accounting records to be more accurate and reliable by limiting the possibility
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Hinduism Paper Hinduism is one of the world’s largest and oldest religions. Although Hinduism withstood the test of time and has millions of followers‚ there are several misapprehensions about the Hindu religion. The history of the Hindu religion can be traced back to 5000-10‚000 B.C. It has been stated that Hinduism lacks a uniting belief system‚ has cultural and societal influences and desires liberation from earthly existence. These are all things that make Hinduism a unique and interesting
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The Nine Steps of Accounting Cycle CheckPoint Step 1 in the accounting process is to analyze the transactions. This would include revenue‚ expenses‚ etc.‚ anything that the company received or paid during the time period. Step 2 is to journalize these transactions. To take the information and correctly post each transaction with a debit and credit line item. Step 3 is to post the journal information into an accounting ledger that shows all of the line items as totals in their respective
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have treated such disbursements as normal operating costs. If I had been forced by management to indulge in such an unethical behavior‚ I would see myself enforced to have reported the company to the authorities as this is a serious violation of accounting ethics‚ and I would not want to be part of such violations. WorldCom’s reaffirmation of earnings had put the company in default of bank agreements. Such default resulted in loans being called in for immediate payment. WorldCom’s financial problems
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