the accounting practices that impact your business‚ the controls needed to safeguard assets‚ and which accounting system will produce accurate and relevant financial information. Write a six to eight (6-8) page business plan in which you: 1. Describe the type of business you have created including: a. The product or service‚ and general staffing plan. Provide a rationale for your plan. b. The form of your business and the benefits it offers your particular business‚ c. A chart of accounts specific
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16. Which of the following federal officials is a "principal" of the Joint Financial Management Improvement Program who considers and approves or disapproves accounting and reporting standards recommended by the Federal Accounting Standards Advisory Board? A. Chair of the Federal Accounting Standards Advisory Board. B. Secretary of the Interior. C. Comptroller General. D. All of the above. Content: Concept Level: Easy Wilson - Chapter 12 #16 17. FASAB has identified four major
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TEST PAPER 1 Subject: Hotel Accounting 1 Serial No: 72367B Test No: 1 Edition: 1 Student Name: Cosme‚ Felicia Student Number: 10011439164 Question 1: Assets Liabilities Owner’s Equity 1. Cash (Example) √ 2. Bank Overdraft √ 3. Capital √ 4. Loans √ 5. Salaries Payable √ 6. Land and buildings √ 7. Telephone payable √ 8. Advertising payable √ 9. Stock on hand √
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The role of accounting is to allow business owners to make informative decisions. The main objectives of accounting are to maintain a record of business transactions‚ calculate profit and loss and depiction of financial position. Recording business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet
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The speech therapist work with children who have problems with understanding‚ communicating and expressing themselves.The therapist will take into account any reasons for children difficulties and will help the children to overcome them. The educational psychologist assess any developmental or learning needs of the child ‚ and work closely with the parents and teacher in order to help the child to cope
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2.) Explore Aristotle’s account of happiness. Do you agree with him‚ that moral activity is secondary? In Book X of Nicomachean Ethics by Aristotle‚ he writes about pleasure and happiness. Aristotle makes the point that happiness and pleasure should not be confused with each other. He argues that pleasure is not good‚ but a good. Pleasure is not a process‚ and not all pleasures are desirable‚ so pleasure is not the supreme Good. However‚ happiness is not a process. It is an activity that
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depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash basis implementation with its advantages and disadvantages also discuss in this paper. An alternative method to improve fair and just between bank and customer is proposed. 1. Introduction The growth of Islamic financial market and institution create the need for different accounting requirement. This
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ACCOUNTING CONCEPTS What are the Account Concepts? In order to maintain uniformity and consistency in preparing and maintaining books of accounts‚ Certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. “Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts
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Reflective account (J) Record of event: Date: 8/10/12 Numeracy was being taught in the lesson and the teacher had asked me to sit with Boy F has trouble concentrating and has an IEP. The children had rearranged the tables in the classroom so that everyone was facing forward and two children were sat together at a desk. From the very start of the lesson Boy F couldn’t sit still. He was messing with his chair‚ his tie and pencil
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Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
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