investigate the major I have chosen‚ Accounting. Because my goal is to become a Certified Public Accountant (CPA)‚ I would like to know more of what it entails. Dealing with numbers‚ and recording and projecting the earnings of a company‚ accountants are placed with the responsibility of keeping track of the moneys of a business. God has blessed me with skills in the areas of mathematics and organization‚ which caused me to look for an occupation that utilizes both. Accounting seemed a logical choice since
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change recorded in the value of the asset since acquisition. In this manner‚ the accounting report does not demonstrate genuine value of assets. Historical cost is reprimanded for its mistake since it may not reflect current market valuation. As indicated by GAAP standards‚ fixed assets ought to be at historical cost less accumulated depreciation.
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Explain the following: (a) Financial accounting Is concerned with the provision of information to external parties outside the organization and also concerned with the classification and recording of financial transaction in monetary terms in accordance with the established concepts‚ principles‚ accounting standards and legal requirements and presents the effects of the transactions on the performance and financial position of the business. (b) Cost accounting Is concerned with the ascertainment
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Queen Caffeine Staffing Organization I The purpose of this paper is to document how a gourmet coffee shop plan to staff and manage business for the next three years. The name of the business is Queen Caffeine (QC) and it will be open for business Monday through Friday from 6:00 am until 10:00 pm and from 7:00 am until 3:00 pm Saturday and Sunday. This paper will serve as documentation the type of employment relationship that will be established between the shop owner and employees. Ways to prevent
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Leadership within the Group The purpose of this paper will explain leadership within the group‚ the usage of power‚ and others that will cover this assignment. We will also be covering the key points of the group’s aspects and what role should be done in order to get the job done. There are a lot of steps to get through this process‚ but in order to have a team; there is always someone above the entire team that is in charge. My role is Director of women’s recovery housing. My duties lead and
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professional standards and practices based on internationally accepted guidelines as standards and By-Laws for members to comply within maintaining the integrity of the profession; * Having in place a robust disciplinary system for those who fail to comply with this standards BY-Laws; * To enhance the status of members. Question 2: Briefly explain the following users of accounting information: Question 2(a): Shareholders
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3101AFE Accounting Theory and Practice Tutorial Questions for Tutorials 1- 6: Semester 2 2014 TUTORIAL 1 - Semester 2 2014 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 - Question 1.8: What is the difference between developing a theory by induction and developing a theory by deduction? QUESTION 2 - Question 1.9: Is the study of financial accounting theory a waste of time for accounting students? Explain your answer. QUESTION 3 - Question 1.26: Would you
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lender or investor. To obtain funding‚ you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of your business‚ 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
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In the present day forensic accounting plays a huge role in many of the court cases publicized by the media. With the spotlight on the profession‚ this is a good opportunity to discuss the following topics: 1) Five skills that a forensic accountant needs to possess. 2) The role of a forensic accountant within a courtroom environment. 3) Analyze the legal responsibility a forensic accountant has while providing service to a business. 4) Examine two cases where forensic
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CHAPTER 1 The Accountant’s Role in the Organization If you have not already read the Introduction page‚ do so now. It describes the purposes and contents of the Student Guide and recommends a six-step approach for using the Student Guide with the textbook. Overview Welcome to the study of cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations
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