technology has had on accounting for business in Barbados; To fully understand the extent to which technology can be used in accounting; To satisfy my interests in this topic. INTRODUCTION This internal assessment focuses on the impact of technology on accounting. Accounting is the systematic process of collecting‚ recording‚ classifying‚ analysing and communicating financial information. Traditionally‚ accounts were prepared manually using ledgers‚ cashbooks etc. However in recent years‚ technology
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NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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controls‚ observance was used and applied additional theory of how a locally insurance company still initiates in their cultural practices to suit their short and long term expectations which so ever reflects on each department including the finance department. This paper would explore the pros and cons of Internal Controls. So too‚ this paper seeks to present the ways in which an insurance company i.e. COLFIRE utilized the various internal control principles effectively to execute their objectives. At
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for ways of managing financial products and services 2a P3 Describe financial products and services appropriate to self 2b P4 Construct a personal budget that takes account of personal remuneration and expenditure 3a M1 Explain the reasons for budgetary decisions 3b M2 Analyse the different features of financial products and services relating to current and savings accounts. 2c D1 Justify reasons for financial planning decisions.
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there is a minus . If we live in a slow city‚ our life will be not as convenient as a modern city. There are no supermarket in order to be quiet. To deal with this issue‚ I want to build some facilities‚ such as hotel‚ big restaurant and supermarket which make a lot of noise in one nucleated palce. In conclusion‚ I’ d like to make my city a slow
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CYP Core 33 6.3 Explain why it is important to work with the child or young person to ensure they have strategies to protect themselves and make decisions about safety All children and young people need strategies to make certain that they can protect themselves and make appropriate decisions about safety. Although it is important that children and young people learn to protect themselves taking their own risks are equally important as long as significant harm will not take place. Children
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go about saving your money. This way you will get an idea of how to save your money in a bank. First I will talk about a checking account. This is a type of account that is widely used by many to easily access their funds. Many different banks offer a wide variety of options. You should always carefully choose your account based on what your needs for the account will be. Another good option to look for is see what the required minimum balance is for each month. From personal experience‚ you need
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Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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References: Melvin‚ S. P. (2011). The Legal Environment of Business: A Managerial Approach: Theory to Practice. New York‚ New York: The McGraw-Hill Companies‚ Inc... When local customs and laws conflict with the customs and laws of ... (2013). Retrieved from http://wiki.answers.com/Q/When_local_customs_and_laws_conflict_with_the_customs_and_laws_of_an_organization_operating_abroad_which_should_prevail
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