On Friday‚ March 28‚ 2003‚ Richard Okumoto intently studied a set of hard-copy accounting documents called “adjusting journal entries” spread out on his desk. He had been appointed chief financial officer (CFO) of Electro Scientific Industries‚ Inc. (ESI)‚ a multi-million dollar equipment manufacturer‚ just a few weeks earlier. Okumoto was in the midst of closing the company’s books for the third quarter of fiscal year 2003‚ which ended February 28. An experienced executive who had served
Premium Corporate governance Chief financial officer Fiscal year
First of all‚ according to Vinod (2008 -2013) books of prime entry are books where transactions are first recorded. These may or may not be part of the double system. These are not accounts; they are simply books that record details of transactions. Books of prime entry are also known as books of original entry / subsidiary book/ daybooks among others. In any organization where company’s buy and sell goods‚ will need to divide the journal into subsidiary books. And they are as follows: Sales
Premium Accounts receivable Invoice Accounts payable
for us for selection‚ I have choose the question five for my assignment this time‚ this question is regarding to two areas‚ one is the market entry strategy and explain why no single strategy can be used in all circumstances; another one is explaining why franchising is popular method of entering markets abroad and describe its characteristic. 2 Market Entry Strategy Why firms go abroad First of all‚ we need to know why firms go abroad and looking for entering foreign countries’ market. In
Premium Franchising Marketing Investment
Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
Premium Depreciation Generally Accepted Accounting Principles Balance sheet
C. Journal Entries Discussion Most of my journal entries were about communicating with family members‚ friends‚ and group members for school projects. Throughout my journals‚ using my phone to text was the main means of communication. This makes sense since nowadays is mostly focused on smartphones. A thing I noticed‚ when I communicated with my family members‚ is the older generation prefer to call instead of text. As a response to your question on my September 2nd journal‚ both methods of communication
Premium Text messaging Instant messaging Learning
Journal entry #1 The world in which Winston Smith lives in is very frightening. It is very unlikely that people from the world we live in would survive for long living in it. I think it is an awful time to be alive because you have no freedom at all. Winston is in the worst possible position‚ he is in the Outer Party. He is being monitored at all times and he can only cooperate. It seems that the proles and the Inner Party are much better off. I think that this is true because nobody cares about
Premium Nineteen Eighty-Four
Joshua Stonehocker Steven Gibson English 1010 046 March 28th‚ 2005 Rhetorical Reading Essay(Revision) Since they started pouring the concrete for the dam Lake Powell has been a center of controversy. From nature preservationists to ancient ruins advocates the subject has been heated and intense. On the other hand‚ those who support Lake Powell are just as avid and active in their defense of the reservoir. One of the former‚ Edward Abbey‚ sets forth his plea‚ hoping it does not fall upon
Premium Glen Canyon Dam Colorado River Rhetoric
Entry 1 I plan on changing the name and possibly content of these in the future but for now these are basically monthly recordings of what is happening. We have finally completed construction of the island. We have already began to move people in. Everyone is very nervous so far but I have no doubt that they are safer now then ever. If you are reading this you are either a personal friend‚ or you are currently venturing off the island. If that is so‚ may god be with you. We currently have no clue
Premium English-language films Ocean Water
1 2 Content 1. Company Background 2. Scope of Business & Reason for International Operation 3. Strategic Goals & Choice of Entry Mode 4. Alternative market entry modes 5. Problems and challenges associated with different entering options in different location 6. Conclusion 7. Reference 3 Company Background Watson’s (Your Personal Store) or Watson’s is part of the Health and Beauty retail and consumer division of the Hong Kong-based A.S. Watson Group Timelines
Premium Strategic management Developing country
Ural School‚ Nevyansk‚ The Entry into Jerusalem‚ Late 18th- Early 19th Century‚ Oil and gold leaf on panel. In the Ural School’s portrayal of The Entry into Jerusalem on panel‚ we immediately look towards the focal point of the painting. There we see a man wearing red and blue drapery with an Aureole (decorated in gold leaf) around his head; the golden halo‚ the use of red color (symbolizing the presence of god and strength)‚ and blue color (symbolizing good health and human beings) allows us to
Premium Jesus Christianity New Testament