HISTORY OF ACCOUNTING Primitive Accounting Traced as far as 8500 BC in Mesopotamia through the use of clay like: a. Record for paid wages b. Record purposes‚ as general Pyramids in Egypt‚ for the costs of structures Other places like China‚ Babylon‚ and Greece Middle Ages More formal account-keeping methods were developed by the merchants and banks. Double-entry records first appeared in Genoa in 1340 AD. First accounting book was written by Contrugli in Naples Summa de Arithmetica
Premium Financial statements Balance sheet Economics
2. General Electric uses a multifaceted approach to help make them one of the industries leaders in engine production. This approach includes resources both financially and managerially. Financially General Electric has invested $50 million in new engine technology‚ with an additional $1.2 billion to $1.4 billion being required to help them bring new engine designs to the forefront. General Electric has also received a $20 million grant from NASA in order for them to create the first tester UDF
Premium Internal combustion engine
Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
Premium Balance sheet Finance Asset
General Welfare General welfare provides health‚ safety‚ and education for all Americans. These are all factors we need for the daily functions of life. It provides is all with equal opportunity‚ blessing of liberty‚ Common Defense‚ Domestic Tranquility‚ and Justice are all extremely important to America‚ but without General Welfare none of these would be possible. To begin with‚ without General Welfare we would not have Education‚ and education is the key to everything. All of us are guaranteed
Free High school Education
Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
Premium Balance sheet Income statement Financial statements
Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
Premium Variable cost Cost Costs
General Anesthesia When someone faces surgery‚ they most likely have many concerns. Among them usually include going under anesthesia. They may worry about losing consciousness‚ how they may feel afterward‚ or if it is even safe. There are several types of anesthesia that can be used depending on the needs of the surgery‚ such as: general‚ local‚ regional‚ and conscious sedation. In this paper‚ I will focus on discussing general anesthesia’s history‚ purpose‚ effects‚ and safety. History of Anesthesia
Premium Anesthesia
BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
Premium Variable cost Revenue Management accounting
Visit www.examsbook.com for GK‚ Current GK of each month‚ Reasoning and math’s questions for All Exams Current Affairs and Gk – Jan 1- 15‚2014 1. In which of the following years government of India constituted the Cauvery Water Dispute Tribunal? [A]1986 [B]1990 [C]1995 [D]1994 Answer: 1990: The Cauvery Water Dispute Tribunal was constituted by government of India on 2nd June 1990 to adjudicate the water dispute regarding inter-state river Cauvery and the river valley thereof. 2. Recently
Premium India Government of India Christopher Nolan
Tax accounting 1.461-2(c)(1) 1.461-4(d)(1) through (6) 1.461-4(e) 1.461-4(g)(1) through (7) 1.461-5 (a) through (c) Garber Abbey B [Abbey.B.Garber@IRSCOUNSEL.TREAS.GOV] Monday‚ February 04‚ 2013 11:30 PM Here are a few regulations Treas. Reg. sec. 1.461-1(a)(2)(i) Reg. sec. 1.461-1(a)(2)(ii) Reg. sec. 1.461-1(a)(3) Reg. sec. 1.461-1(c) We’ll work through these and more Thursday. Initial assignments for February 7: I.R.C. section 461 Look at Treas. Reg. Section 1.461-0
Premium Tax Taxation in the United States Income tax in the United States