UNIVERSITY OF LONDON 279 0025 ZA 996 D025 ZA BSc degrees and Diplomas for Graduates in Economics‚ Management‚ Finance and the Social Sciences‚ the Diploma in Economics and Access Route for Students in the External Programme Principles of Accounting Wednesday‚ 5 May 2010 : 10.00am to 1.15pm Candidates should answer FOUR of the following SEVEN questions: QUESTION 1 of Section A‚ QUESTION 2 of Section B‚ ONE question from Section C and ONE further question from either Section B or
Premium Balance sheet Generally Accepted Accounting Principles Asset
PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has
Premium Generally Accepted Accounting Principles Balance sheet Inventory
Performance OF THE FIRM – ACCOUNTING Professor Hsihui Chang Date‚ Time and Location Office: 3600 Market Street‚ Room 71l Monday‚ 6:00 – 8:50pm Telephone: 215.895.6979 Email: hc336@drexel.edu Office Hours: By Appointment Course Description The course objective is to provide prospective users of financial accounting information with an understanding of accounting fundamentals and the ability to evaluate the quality of financial accounting information for use in business
Free Academic dishonesty Plagiarism Financial statements
112: PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting Standards
Premium Balance sheet International Financial Reporting Standards Generally Accepted Accounting Principles
change recorded in the value of the asset since acquisition. In this manner‚ the accounting report does not demonstrate genuine value of assets. Historical cost is reprimanded for its mistake since it may not reflect current market valuation. As indicated by GAAP standards‚ fixed assets ought to be at historical cost less accumulated depreciation.
Premium Generally Accepted Accounting Principles Balance sheet Investment
Final Exam ACC/340 Accounting Information Systems I Week 5 The point value for the Multiple Choice is 1 point per question each for a grand total of 20 points. If you have any questions please let me know. Thank you and good luck. 1. The “S” in the acronym “AIS” stands for: a) Standard b) System (X) c) Symbol d) none of these 2. Which of the following is true? a) An AIS must be computerized to be useful b) An AIS always produces useful information
Premium Balance sheet Accounting software Internal control
ACC/291 - Final Exam Study Guide 1. Ordinary repairs are expenses to keep a plant asset functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15‚000. Allowance for Doubtful Accounts = $3‚000 What is the amount of bad debts expense? $12‚000 Explanation: This entry simply requires you to subtract 3‚000 from
Premium Expense Generally Accepted Accounting Principles Operating expense
IFRS 8-1: “Basic accounting and reporting issues related to recognition and measurement of receivables‚ allowance accounts‚ recording discounts‚ the allowance method to account for bad debt and factoring are basically the same between IFRS and GAAP. However‚ the FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are taking steps by working to implement fair value measurement‚ the amount they currently could be sold for‚ for financial instruments. “The
Premium Depreciation Asset Balance sheet
In this essay I will be looking into how Shakespeare conveys evil in the scenes‚ conveys their guilt‚ how he creates suspense and shows the relationship between Macbeth and Lady Macbeth. I will also be describing how the characters progress in the scenes. Both Act 2‚ scene 2 and Act 5‚ scene 1 are important scenes in this Shakespeare play as it demonstrates how both of the main characters were at the beginning of the story and towards the end. Shakespeare conveys evil in the aforementioned scenes
Premium Macbeth Anxiety
Globali | Test | Final Exam | Started | 9/14/12 7:22 PM | Submitted | 9/14/12 8:45 PM | Status | Completed | Score | 260 out of 300 points | Time Elapsed | 1 hour‚ 22 minutes out of 2 hours. | Instructions | This final exam consist of 30 multiple choice questions and covers the material in chapters 8 through 17. There are three questions from each chapter and the questions are in chapter order. Be sure you are in the correct Chapter when you take the exam. | * Question
Premium Transaction cost Net present value Contract