Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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inggLecturer’s Guide Accounting for Non-accounting Students Sixth edition J R Dyson ISBN 0 273 68301 2 © Pearson Education Limited 2004 Lecturers adopting the main text are permitted to download the manual as required. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies around the world Visit us on the World Wide Web at: www.pearsoned.co.uk First published in Great Britain under the Pitman Publishing imprint in 1997 Second edition published
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Public Health - Unit 12 - Petra P1 Public health is "the science and art of preventing disease‚ prolonging life and promoting health through the organized efforts and informed choices of society‚ organizations‚ public and private‚ communities and individuals" (1920‚ C.E.A. Winslow). This therefore infers public health is the preventing and controlling of disease within communities‚ to prolong life and promote health through organised society. The keys aspects of public health … -Monitoring the
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P2‚ P3‚ M2 & D1 ‘The Zone’ A report about all the different types of therapies of which will be used This report seeks to help find out about all the different types of therapies in which could be used within ‘The Zone’. These therapies will be used to help reduce some of the problems within the local area‚ and due to the fact that ‘The Zone’ is located within a deprived area I will be researching about therapies of which could help individuals with substance misuse‚ dysfunctional family issues
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BTEC LEVEL 3 NATIONAL IN BUSINESS (The Business Environment). P1: Describe the type of business‚ purpose‚ and ownership of two contrasting businesses. Sainsbury’s: Sainsbury’s is the UK’s third largest chain of supermarkets‚ it’s also the longest standing major food retailing chain‚ which was founded by John James Sainsbury’s in 1869 as a partnership with his wife Mary Ann. The holding company J Sainsbury’s PLC‚ is split into three divisions which are: Sainsbury’s Supermarket Ltd‚ Sainsbury’s Local
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P2 Describe the limitations and constraints of marketing Businesses need to ensure that their marketing plans and activities are within the limits of the law. These laws are called the consumer laws they make sure that the businesses do not do anything illegal. There are five main consumer laws these are The Sale of Goods Act 1979 The Trade Description Act 1968 The Consumer Credit Act 1974 and 2006 The Data Protection 1998 The Consumer Protection from Unfair Trading Regulations 2008 I will be
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is provided for general guidance only and on the understanding that it does not represent‚ and is not intended to be‚ advice. Whilst care has been taken in its preparation‚ it should not be used as a substitute for consultation with professional accounting‚ tax‚ legal or other advisors. Before making any decision or taking any action‚ you should consult with an appropriate specialist or professional. No warranty is given to the correctness of the information contained in this document‚ or its suitability
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