Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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1. Describe the four management functions and the type of management activity associated with each. 2. Explain the difference between efficiency and effectiveness and their importance for organizational performance. Answer T for True and F for False for the following questions. 3 Only the top managers in organizations need conceptual skills since it involves planning. 4. Human skills are the manager’s ability to work with and through other people and to work effectively
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Udupi (is a town in the south-west Indian State of Karnataka. Udupi is notable for the Krishna Temple‚ and lends its name to the popular Udupi cuisine. Udupi means the land of the "lord of the stars‚" the moon. Most Indians know of Udupi as the type of an inexpensive restaurant that generally serves vegetarian food in the South Indian style.Still fewer know of its reputation as the location of a Krishna temple with rich history While the temple is believed to be in existence for over 1500 years
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Vigneshwara‚ one of the popular deities worshipped by members of most Indian religions. It is Maharashtra’s most important festival. Ganapathy is also the God of Knowledge and is invoked at the commencement of any function. He is the god that protects his devotees from any obstacles (vighnam). Hence the name Vighneswara. He is also described as the Supreme Leader ( Vinayaka). Ganapathy is said to have had two spouses. Buddhi (intellect) and Siddhi (achievement). Thus he is the master of knowledge
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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ĐỀ THI KIỂM TRA GIỮA KỲ Môn học: KẾ TOÁN QUẢN TRỊ (Managerial Accounting) Lớp: KT302DV01‚ HK10.1 Thời lượng: 6 0 phút (Không kể thời gian phát đề) Không được tham khảo tài liệu‚ Chỉ được sử dụng từ điển Anh – Việt‚ không sử dụng Kim từ điển Sinh viên làm bài trên đề thi Đề thi gồm 07 trang Họ tên sinh viên: …………………………………………………. Chữ ký và họ tên cán bộ coi thi 1 Chữ ký và họ tên cán bộ coi thi 2 Đ iểm thi Bằng số Đ iểm thi b ằng chữ ………………………………………………… MSSV: ………………………………………
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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The advent of computers has revolutionized the workplace and redefined operational practices. The use and deployment of computers‚ computer systems and information technology (IT) applications in every aspect of business is now commonplace. The recent application and adoption of Web-based‚ information and telecommunication technologies has force-multiplied the capabilities and benefits of computers. The importance of computers in business cannot be overstated. Collaboration o Businesses are using
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Introduction to computer Basics Background This topic will discuss the introduction to the use of the computer in the business area‚ including the basic hardware and software concepts. Information technology (IT) is one of the key resources in the modern business environment. We have lived during the past 20 years in a period that has strongly emphasised the strategic importance of information technology. Consequently‚ those currently involved in management have a clear vision of the technology’s
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The age of electronics and more precisely‚ computers‚ has caused a huge impact on the way we do business today. Just 15 years ago‚ innovations such as the FAX machine‚ and the Personal Computer(PC) were top-of-the-line and were considered to be cutting edge. The growth and innovations of the computer brought along with it many aspects of the business world. Today‚ many business people would not be able to function effortlessly without computers. Communication is an example of one of these business
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