CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
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in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s equity accounts) except for the owner’s
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1. I am aware of several legal and organisational requirements relating to equality‚ diversity‚ discrimination‚ rights and confidentiality which may influence parts of my job role and contribute to health and safety practices within my in my workplace. All individuals have the right not to be discriminated against within my workplace: Equal Opportunities Act 2004‚ Race Relations Act 1976‚ Sex Discrimination Act 1975‚ Disability Discrimination Act 2005 All individuals within my workplace
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Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets? Fixed assets‚ Investment properties‚ Properties for sale. b) What are the differences among these accounts? Fixed assets: Known as a non-current asset or as property‚ plant‚ and equipment‚ is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts‚ which are described as liquid
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National Accounts • Gross Domestic Product (GDP) measures the final value of all goods and services that are produced within a country in a given time period. • There are 4 types of expenditure: 1. 2. 3. 4. Consumption: expenditure by domestic residents Investment: expenditure by firms on plants & equipment Government purchases: expenditure by governments on goods and services Net exports (exports minus imports): net expenditure by foreigners on domestic goods and services 1 GDP
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DEM 313 Equality‚ diversity and inclusion in dementia care practice Title DEM 313 Equality‚ diversity and inclusion in dementia care practice Level 3 Credit value 4 Learning outcomes The learner will: Assessment criteria The learner can: 1. Understand that each individual’s experience of dementia is unique 1.1 Explain why it is important to recognise and respect an individual’s heritage 1.2 Compare the experience of dementia for an individual who has acquired it as an older person
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Evaluation of the Effectiveness of Accounting Information Systems International Journal of Information Science & Technology‚ Volume 6‚ Number 2 July / December‚ 2008 49 International Journal of Information Science and Technology EVALUATION OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION SYSTEMS H. Sajady‚ Ph.D. M. Dastgir‚ Ph.D. Department of Economics and Social Sciences Department of Economics and Social Sciences Shahid Chamran University Shahid Chamran University Ahvaz‚ I. R. of Iran
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for this year‚ and wipe the slate clean and have a positive attitude to my coursework in terms of determination and willingness. This year it won’t be easy‚ but nothing comes easy in life‚ so I won’t settle for anything less. The reason why I found Level 3 Year 1 hard because I was doing another teacher’s work in my lesson which I shouldn’t have done. If I met deadlines and did work on time‚ I wouldn’t have got a pass overall. I have made a decision that whenever I am given work‚ I have to do it straight
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E1 The practitioner has many responsibilities‚ but the practitioner’s main responsibility is to safe guard the child and make the environment safe for themselves and the children in the setting. By doing this the parents know their children are in a safe environment and the practitioner will safe guard them. This will build a trusting relationship between the parent and the practitioner. Also when the practitioner is dealing with the child they would have to look at all areas of the child. For example
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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