• Accounting is the system that measures business activities and process information into reports. • Accountant maintain‚ audit and prepare financial records for a person or a company. • Main careers in accounting - bookkeeper‚ auditor‚ financial advisor‚ taxation‚ carbon accountant and accountant etc… • Bookkeeping is recording financial recorders and summaries of financial transaction. Accounting is measuring business activities and process information into reports. • Main professional accounting
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Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
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All‚’ explores the divides between our community and the issues that prevent us as a nation from achieving reconciliation. Ultimately‚ throughout his exordium Pearson is excessively humble‚ ‘it is my honour to have been invited… Alas‚ I cannot promise my teacher’s rigour ‚’ this diminution of his prominent political position equalises Pearson with his audience. He successfully characterises himself as being selflessly modest‚ a successful tool in capturing our attention‚ his choice to do this in the
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fair value accounting. Fair value accounting is to measure selected assets at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The objective of fair value accounting is linked with the objective of ‘decision usefulness’ of general purpose financial reporting. That is‚ to provide relevant information that is representationally faithful for users. IASB’s (and FASB’s) accounting standard
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Keller Graduate School ACCT 593 Financial Accounting and Reporting NOVEMBER 2012 Syllabus Important Deadlines Course Start Date 10/29/2012 Course Completion Date 1/6/2013 Portal Access Deadline 02/28/13 Discussions Required on a Weekly Basis By its nature‚ the evaluation of participation in the threaded discussions will be subjective based both on quantity and quality of contributions. Not all threads will require
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HSA 500 Paper #2 Jennifer M. Smith Dr. Robert Lindsey Health Service Organization February 17‚ 2013 1. Compare the three (3) main types of health insurance in the U.S. and assess the solvency of each. Make a prediction regarding the longevity of each type over the next 30 years. Indemnity or fee-for-service plans‚ Health maintenance organizations (HMOhmo)‚ and Preferred provider organizations (ppoPPO) are three types of health insurance in the U.S. According to (Williams
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01 MCQ FOR IMT 57 – FINANCIAL ACCOUNTING Test : (Journal‚ Ledger‚ Trial Balance‚ Errors) Name: _________________ Fundamentals of Accounting Max. Marks: 30 1. RPC Ltd. follows the written down value method of depreciating machinery year after year by applying the principle of (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above. 2. A change in accounting policy is justified
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1. The cost of health care has skyrocketed and the quality of care has plummeted. A. The high costs are driven by greed by drug companies‚ hospitals‚ medical equipment and insurance companies. 1. Values are compromised B. 65% of citizens are concerned that they will not be able to afford the health care that they need 1. 47 million Americans are without health insurance 2. Citizens are worried about making decisions of whether to pay for health care or food. 3. Most people
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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| SET 1 1. An independent financial statement audit is important to financial statements users because it: a. Objectively examines and reports on special-purpose financial statements. b. It reduces cost of capital c. Objectively examines and reports on general-purpose financial statements. d. Objectively reports on the accuracy of information in the financial statements. 2. In relation to auditing‚ which of the following is a correct
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