Catherine Gamero 4/26/12 Week One Discussion Questions • What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion‚ which financial statement is the most important? Explain why. The four basic financial statements are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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I will be explaining what equality‚ diversity and right mean in health social care I will start with the definition and then give an example for each different term. P2- describes discriminatory practice in health and social care. This topic will focus on discrimination and discriminatory practice. When discriminations happen it can have a very negative effect. When people discriminate they treat the individuals they are discriminating against differently from others. People can be discriminated
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-assets and liability accounts are closed to the balance sheet. -the post-closing trial balance shows the updated capital account balance. -the financial statements are prepared from the adjusted trial balance. -accumulated depreciation is a permanent account and does not close at the end of the period and the balance sheet is carried forward into the next period. -capital is a permanent account. -the closing process zeroes out all revenues and expenses. -current assets will be used up or converted
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Describe the requirements for a health and safe workplace in terms of the physical environment and the equipment at a selected work organisation. Physical Environment. .Potential for falling objects – The employer or employee must make sure that all items of equipment‚ materials and tools that are not in use must be stored/stacked correctly and securely. Otherwise‚ there is a potential that the item/item may fall and injure a person. .Sharp edges and trailing leads – Sharp edges
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When applying for a job‚ it is necessary that a person has employability‚ personal and communication skills‚ in order to obtain the job. Employability skills are general skills that are needed to get most jobs‚ but they also represent the skills that would help a person keep the job and improve their position. For example‚ an employer would look at skills like experience in similar role; knowledge of products/services; experience of specific industry; effectiveness in meeting personal and team/departmental
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Unit6 – Preparing for Employment in Travel and Tourism P1‚ P2 & M1 Marites Marzan T&T L3 Yr1 GrpB Harish Tutor P1 - Describe career opportunities within different industries in the travel and tourism sector. Tour Operators A tour operator requires a holiday representative to work throughout the summer and winter season to ensure that holiday makers have an enjoyable trip. They are the first point of contact for customers so a holiday representative needs to be prepared to answer
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors reflect the true and current financial performance of the company‚ in which the management heavily relies on
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have been given‚ describe the necessary skills required to fulfil the role. Job Role: Employability Skills Merit Activity [pic] |Skills required |What is the skill? And why do they require it? (P2) |Analyse the importance of this skill to the business i.e. why is it key to the| | | |operation of
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