8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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Net loss $2‚439 c. Net income $28‚157 d. Net loss $4‚146 2. Correct answer: c Correct answer: cYour answer: Land‚ originally purchased for $26‚241‚ is sold for $78‚161 in cash. What is the effect of the sale on the accounting equation? a. assets increase $78‚161; stockholder’s equity increases $78‚161 b. assets increase $78‚161; liabilities decrease $26‚241; stockholder’s equity increases $51‚920 c. assets increase $51‚920; stockholder’s equity increases
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EFFECT OF MERGERS ON EMPLOYEES Apoorv Choudhary IIPS-DAVV INTRODUCTION There are contrasting views on the impact of mergers and acquisitions on employees. Many times field level and management level employees react differently to a merger. Mergers are a form of consolidation where two or three companies merge and the identity of only the largest company remain intact and the smaller companies losses their identity. MERGER- The combining of two or more companies‚ generally by offering
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Dollar General Case Analysis Dollar General (DG) has succeeded in becoming a prominent competitor in the extreme value retail market segment in the United States. Throughout the years‚ DG has executed key business initiatives that have led to major advantages. They have implemented a low cost business model that targets smaller communities‚ which in turn allows for lower prices on products that consumers consider essential. By using the low cost business model‚ DG has been able to sustain a
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Question 1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors
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sit in darkness and the shadow of death ‚ To guide our feet into the way of peace.” Luke 1:79 In Dan Millman’s Way of the Peaceful Warrior the main character has taken this amazing journey with Socrates. Where the protagonist has learned much about himself and how he has faced life ‚ dealing with his emotion ‚ action and his perception of life itself. In this novel Millman has taken Dan on this journey to find himself and grow to become that peaceful warrior. In the Bible verse above it
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Florida Teacher Certification Examinations Test Information Guide General Knowledge Test FLORIDA DEPARTMENT OF EDUCATION http://www.fldoe.org Second Edition Developed‚ produced‚ and printed under the authority of the Florida Department of Education Authorization for reproduction of this document is hereby granted to persons acting in an official capacity within the Florida K-20 education system‚ as enumerated in Section 1000.04‚ Florida Statutes. Permission is NOT granted for
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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“The Leadership of General David H.Petraeus” Wilma Denise Dowdell‚ Ivy L. Dawson‚ Katie Powell‚ William Waterworth‚ Chris D. Dozier Webster University Introduction to Human Resources Development 5000 David Howell Petraeus was born in Cornwall-on-Hudson‚ New York on November 7‚ 1952 to Mariam (Howell)‚ an American Librarian and Sixtus Petraeus‚ a Sea Captain emigrated to the United States from Franker‚ Netherlands‚ during the initial phase of World War II. Sixtus settled in Cornwall-on-Hudson
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