2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
Premium Balance sheet Double-entry bookkeeping system Generally Accepted Accounting Principles
would be the balance sheet because it is important to know what you have and what you owe at all times. • In your opinion‚ how are financial statements useful to managers and employees? How are financial statements useful to investors and creditors? Explain. Financial statements are useful to both managers and employees because as a manager you need to know if there is sufficient cash and to see what they can afford. As an employee it is important to know what is going on in the business and
Premium Balance sheet Income statement Generally Accepted Accounting Principles
of commercial aircraft in the United States and is a major employer in Seattle‚ Washington. Explain why each of the following individuals or organizations would be interested in financial information about the company. a. California Public Employees Retirement System. One of the world’s largest pension funds. They would be interested in Boeing’s financials to see how much the company contributes to their employee’s 401K plans. b. Chinese Airlines‚ a rapidly growing airline serving the
Premium Balance sheet Generally Accepted Accounting Principles Finance
Chapter 3-1 The Accounting Information System Chapter 3-2 Financial Accounting‚ Fifth Edition Study Objectives 1. Analyze the effect of business transactions on the basic accounting equation. 2. Explain what an account is and how it helps in the recording process. 3. Define debits and credits and explain how they are used to record business transactions transactions. 4. Identify the basic steps in the recording process. 5. Explain what a journal is and
Premium Double-entry bookkeeping system Bookkeeping Asset
Training and Developing Employees Multiple Choice: 1. Once employees have been recruited and selected‚ the next step would be: a. discipline and counseling. b. orientation and training. c. hiring and firing. d. socialization. 3. The ongoing process of instilling in all employees the prevailing attitudes‚ standards‚ values‚ and patterns of behavior that are expected by the organization and its departments is: a. values projection. b. orientation. c. socialization.
Premium Management Training
Motivating Employees in an Organization S Santosh Contents Chapter 1 2 Chapter 2 5 Chapter 3 10 Chapter 4 15 Chapter 1 Motivation: Concepts and Theories Defining motivation The word "motivation" comes from the Latin word movere - "to move." And managers often view motivation in exactly those terms ("I need to get my people moving!"). Motivation is the psychological feature that arouses an organism to action toward a desired goal; the reason for the action. General motivation
Premium Motivation
Dan Foreman‚ currently in his 50s was the head of sales and also an advertising executive of a major sports magazine‚ Sports America. He and the company faces a life changing event when it is being bought down by an international company that encourages the corporate concept “Synergy”‚ GlobeCom. Dan‚ is demoted to the wingman of his new business school prodigy boss‚ which is half of his age‚ Carter Duryea and he is also forced to fire some of his colleagues that were working in the company for half
Premium Family Marriage Mother
Seasonal Resort Employers; Hiring Seasonal Employees Seasonal Resort Employees; Hiring Seasonal Employees Scott Eipperle Kaplan University AB203: Human Resources Management Professor Hannon 01/03/2013 Seasonal Resort Employees; Hiring Seasonal Employees Many resorts like The Broadmoor‚ High Sierra Pools and Bubala’s by the Bay have difficulty finding summer employees for the tourist season. At the current time the use of H-2B visas have brought people
Premium Human resource management Human resources Employment
References: hiavenato‚ Idalberto. “Introduction to the General Theory of Management.” McGraw Hill 1982.George‚ Claude S. “History of Managerial Thinking.”Kanigel‚ Robert. “Frederick Taylor’s Apprenticeship.” The Wilson Quarterly Summer 1996: 44.Weisbord‚ Marvin R. “Productive Workplaces”. San Francisco: Jossey-Bass
Premium Frederick Winslow Taylor Management Science
as it is not ordinary for someone to choose an easy major because they are not determined to follow their passions. But people need to realize that if that is truly a passion in life‚ they will have enough grit to achieve their passion. The author‚ Angela Duckworth describes what grit is by giving an example in the novel “Grit” which one girl named‚ Chia had a strong passion for music ever since she was a little girl. Chia would practice the piano quite frequently even when her strenuous school schedule
Premium English-language films Psychology Time