Table of Contents The purpose of accounting 3 The objective of accounting 3 Important to the company 4 Accountant ’s integrity 5 Technologies impact on the accounting profession 5 Conclusion 6 Bibliography 7 Accounting for Non-Accounting Majors The purpose of accounting Is to gather and report financial evidence about the cash flow‚ performance‚ and financial position of that business. “Once this information has been entered into the accounting records‚ it is then made into a financial
Premium Balance sheet Income statement Generally Accepted Accounting Principles
“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
Premium Financial statements Balance sheet Generally Accepted Accounting Principles
As nursing professionals we must be guided by the Code of Ethics‚ which governs and guides us in the right way we should behave as professionals. According to the ANA there are nine provisions that rule the practice of the profession. These are: Autonomy that is the right to choose what happens to our own self. One must be capable to comprehend completely the informed information to make a choice with the four important components liberty‚ self-determination‚ independence and agency. Beneficence
Premium Health care Ethics Patient
Health care professionals are doctors ‚ nurses‚ surgeons and many more .Did you know that there are 13 characteristics of a health care professional‚ there is Empathy ‚ Honesty‚ Dependability‚ Willingness to learn ‚ Patience ‚ Acceptance of critism ‚ Enthusiasm‚ Self motivation‚ Tact ‚ Competence‚ Responsibility ‚ Team Player and Feedback. These characteristics are important to doctors ‚ nurses ‚ and surgeons because they need to understand the patients ‚ they also need to be honest
Premium Patient Health care provider Health care
Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
Corporate ethical breaches in recent times have raised questions about whether the current business and regulatory environment is conducive to ethical behavior. Cases leading to regulatory changes through scandalous financial reporting include Enron‚ Worldcom‚ Tyco‚ HealthSouth and others (Enofe‚ 2010‚ p.54). Since the barrage of scandals in the early 2000’s‚ regulatory bodies like the Federal Accounting Standards Board (FASB)‚ Securities and Exchange Commission (SEC)‚ and law reform like the Sarbanes-Oxley
Premium Enron Accounting scandals Fraud
costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
Premium Balance sheet Inventory Manufacturing
Careers in Accounting One of the major careers being practiced today is accountancy. Thousands of people are completing their degrees in accounting because there seems to be a bright future for accountants with the appropriate qualifications. Accountants‚ in their career‚ help ensure that the organizations are running more efficiently‚ public records are kept more accurately‚ and taxes are paid properly and on time. They perform important functions by offering a wide volume of business and accounting
Premium Certified Public Accountant Accountant Finance
STATUS OF THE PROFESSION Dr. Flynn enters the room of a patient who was recently admitted to University Hospital complaining of severe abdominal pain. Several interns follow Dr. Flynn to the patient’s bedside. Dr. Flynn begins to ask the patient a series of questions. After the patient responds‚ Dr. Flynn turns to one of the interns and asks for a diagnosis. The intern gives a diagnosis. Dr. Flynn follows with a series of questions related to the basis for the diagnosis and possible treatment
Premium School Certified teacher Teacher
Ethical Dimensions of Financial Accounting with Respect to the Keeping of Two Sets of Records. Ateneo Graduate School of Business Managerial Accounting Assignment 1 Submitted to: TSMANACC By AR2012 Financial accounting serves to provide useful financial information to help stakeholders make economic decisions through financial reports. There are various stakeholders that use financial reports to promote their varying interests. Among the various stakeholders with varying
Premium Taxation in the United States Balance sheet Tax