2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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Terms & Definitions for Famous Speeches Repetition: Repeating a word or phrase‚ either to draw extra attention or to emphasise the importance of it. Analogy: A comparison of two things‚ based on the similarities between them; in this case‚ telling a story with a similar sort of message in order to make a related point clear. Rhetorical Questioning: Questions that the speaker might ask‚ but which do not actually require an answer. Rhetorical questions are used to make the audience think a little
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The Audit Firm Culture and its Affects on Quality Audits By Danielle Reynolds A company’s culture has a large impact on the ethical behavior of employee’s and an employee’s ethical behavior plays an important role in the quality of the audit. Now‚ there are several factors that affect the quality of an audit but the one that will be focused on in this paper is the effect the audit firm culture has on the audit quality. Audit firm culture effects so many different things at a firm including
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Financial Accounting Part I Textbook for Class XI © no N C tt E o R be T re pu bl is he Accountancy d ISBN 81-7450-507-5 First Edition February 2006 Phalguna 1927 Reprinted October 2006 Kartika 1928 October 2007 Kartika 1929 January 2009 Magh 1930 January 2010 Magha 1931 January 2011 Magha 1932 PD 90T RPS © National Council of Educational Research and Training‚ 2006 ALL RIGHTS RESERVED No part of this publication may be reproduced‚ stored in a retrieval system or transmitted‚
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1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
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used to link group of devices‚ where protocols allow one master device to interconnect with up to seven active slaves Bluetooth Profiles Bluetooth Profile is a specification regarding an aspect of Bluetooth based wireless communication between devices Bluetooth Architecture two specifications: the core and the profile specifications The core specification discusses how the technology works profile specification focuses on how to build interoperating devices using the core technologies
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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University of Ljubljana – Faculty of Economics Graduate Programme Course: Globalization and Multinational Firms Mentor: Črt Kostevc Ph.D. Academic year: 2012/2013 Globalization and Multinational Firms Seminar paper MNCs and the role of the state Author: Aljaž Bešter Cerar – 19489662 Ljubljana‚ 10.6. 2013 Summary The seminar paper is logically divided into two related parts. The first part of the paper looks at a multinational corporation (MNC) as a principally passive object
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two firms with similar problems from different countries. It will conduct a comparative analysis of the two firms. In addition‚ it will discuss political‚ social‚ ethical‚ and legal differences facing both organizations and determine the impact these differences have on management making decisions. Also‚ it will provide a substantive conclusion and recommendations. Two Firms I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being
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employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and its liabilities total $85‚000. What is the amount of Amber’s
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