FTMS International CollegeIntermediate Financial Accounting 1: ACC122 Revision Question 1: The bank columns in the Cash Book for July 2009 and the bank statement for that month for Sunrise are: Cash Book 2009$2009$ Jul 1Balance b/d110Jul 4Moore 70 Jul 5Peggs 80Jul 21Nower100 Jul 14Hughes120Jul 24Davies160 Jul 25Palmer190Jul 28Balance c/d320 Jul 26Thompson 60 650650 Bank Statement Dr.Cr.Balance 2009 $ $ $ Jul 1Balance b/d110
Premium 1966 1982 1967
Managerial Accounting Vs Financial Accounting Management Accounting is used primarily by those WITHIN a company or organization. Reports can be generated for any period of time such as daily‚ weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within the company. Financial accounting is used primarily by those OUTSIDE of a company or organization. Financial reports are usually created for a set period of time‚ such as a fiscal year or period. Financial
Premium Management accounting Accountancy
achieving future cash flows. Limitations * Companies omit items that cannot be measured reliably. * Income is affected by the accounting methods employed. * Income measurement involves judgment. Earnings Quality Companies have incentives to manage income to
Premium Revenue Income statement Generally Accepted Accounting Principles
Who Is Justin De La Rosa? I am Justin D Delarosa‚ I’m a 6’3‚ Mexican American‚ with a little Native American. I enjoy being with friends and making jokes. Some may say that i’m not special‚ but I would like to say that I am. I’d like to say that i’m a natural cook. Since I began cooking in 2009‚ I would usually make good food‚ though I made a few mishaps‚ there would usually always be good meals and desserts. Such as; Mexican food‚ cakes‚ cookies‚ lasagna‚ and many other dishes. While growing
Premium Family Food Eating
Rosa parks has had a lot of accomplishments in her life. She is once of the African Americans who changed history. Most people when they think of Rosa parks they think of how she changed racial segregation. she changed it by not giving her seat up to a white man on a bus. Rosa is most known for the time she would not give up her seat to a white man on the buss. When Rosa was little she had it hard. She had a job as a seamstress but also a activist. A activist is a person who campaigns for some
Premium African American Black people Montgomery Bus Boycott
Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
Premium Balance sheet Asset Generally Accepted Accounting Principles
Accounting plays an important role in the life of organizations. There are several types of accounting such as financial‚ management and governmental accounting‚ taxation‚ audit. These types are usually focusing on different types of users that are interested in different types of information. In this essay I will examine the differences between financial accounting and management accounting. The basic difference between financial and management accounting is their target group. Management accounting
Premium Management Future Decision making
simply repeating previous posts and agreeing. Discuss the pros and cons of accural accounting versus cash accounting methods. All discussion forums must require at a minimum: 1-Research (at least 2 citations) 2-Critical Thinking 3-Opportunity for dissent. Accrual Accounting versus Cash Accounting Ok‚ if we are to attain our career goals we need to understand these two methods of accounting. This topic is very important in almost any field that one chooses to fashion their
Premium Generally Accepted Accounting Principles Accounts receivable Accounting software
accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
Premium Financial statements Balance sheet International Financial Reporting Standards
customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
Premium Management accounting Income statement Management