Intro to accounting Business Activites Financing Investing Operating Types of Financing Equity investors: Stockholders Hope to receive dividends or increase in stock price—no guarantees! Public versus private company Debt investors: Creditors of the business Expect principal and interest payments SEC (Securites and exchange commission) Established in 1933 Requires of public companies: Form 10-K (annually) Form 10-Q (quarterly) Audited financial statements (annually) by an “independent
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Review of Accounting Fundamentals The Accounting Equation Assets = Liabilities + Equity Equity = Contributed Capital + Retained Earnings Retained Earnings = Beginning Retained Earnings + Net Income for the Period – Dividends Net Income = Revenues – Expenses + Gains – Losses Assets ( Probable future economic benefits obtained or controlled by a particular accounting entity as a result of past transactions or events Liabilities ( Probably future sacrifices of economic benefits
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1) As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. 2) What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
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TAKE HOME EXAMINATION MAY 2012 SEMESTER SUBJECT CODE : MAF656 SUBJECT TITLE : ADVANCED ACCOUNTING AND FINANCE LEVEL : DOCTOR OF BUSINESS ADMINISTRATION STUDENT’S NAME : SARAVANAN KOLAN DE VELU MATRIC NO. : M70205120002 PROGRAMME : DBA ACADEMIC FACILITATOR : PROF. DR.MOHAMMAD ADAM BAKAR LEARNING CENTRE : KL-HEAD OFFICE INSTRUCTIONS TO STUDENTS 1) This assignment consists of THREE (3) questions. Answer ALL questions. 2) Plagiarism in
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STUDENT NO: …………………………... SEMINAR TUTOR …………………………... Introduction Accounting is concerned with providing both financial and non-financial information that will help decision makers to make good decisions. An understanding of accounting therefore requires an understanding of the decision making process and an awareness of the users of accounting information. The major purposes of accounting are to formulate overall strategies and long-run plans. Resource allocation decisions such
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ACCOUNTING FOR INCOME TAXES F 1. Taxable income is a tax accounting term and is also referred to as income before taxes. F 2. Pretax financial income is the amount used to compute income taxes payable. T 3. Deferred tax expense is the increase in the deferred tax liability balance from the beginning to the end of the accounting period. T 4. A deferred tax liability represents the increase in taxes payable in future years as a result of taxable temporary differences existing at the end
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IDEA OF WRITING A NOVEL IN THE PHILIPPINESUncle Tom’s Cabin by Harriet Beecher Stowe - The book that inspired Rizal to write a novel about the suffering of the Filipinos to the Spaniards.Central University in Madrid – where Rizal started writing the novelJuly 2 1884 – Rizal proposed the writing of a novel about the Philippines 5. THE WRITING OF NOLITowards the end of 1884 – Rizal began writing the novel in Madrid and finished ½ of it.1885 – he was in Paris‚ he coninued writing the novel‚ finishing
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Stefonn Pinkston SOC 215 Sports in Society Instructor-Mark Zane The Last Shot By Darcy Frey Paper # 1 October 2‚ 2012 Growing up in Coney Island seemed to be no easy task. For many‚ basketball may have been the only way out. For Russell‚ Tchaka‚ Stephon‚ and Cory it was the way out. It was a way for them to escape the rough environment and the poverty stricken streets that they were forced to reside in during their youth. Though each individual had their own destinies
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The book I decided to do my book report on is The Last Olympian‚ written by Rick Riodarn. This book is set in Manhattan. There is a camp of halfbloods‚ or people with one mortal parent and one immortal parent. The titan lord‚ Kronos‚ has just been reborn and is trying to kill the people at Camp Halfblood. The main characters of the book are Percy‚ Annebeth‚ Nico‚ Luke‚ Kronos and other assorted campers. Luke had been taken over by the titan lord‚ Kronos. He was trying to
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Accounting Regulation With the recent accounting discrepancies that have taken place in some of America’s largest and well known corporations greater importance is being placed on the creation and monitoring of financial reports. Some of these organizations which regulate how financial reports and compiled are private‚ given a charter by a federal agency‚ others were born from the creation of new laws and regulations‚ some are state agencies‚ and many more are private organizations made up of academics
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