ACCA F3 FINANCIAL ACCOUNTING International Stream TUITION CLASS NOTES Appendix The following notes are suitable for both the international and UK streams. There will some terminology differences between the two streams. These are summarised below: |International |UK | |Statement of comprehensive income |Profit and loss
Premium Balance sheet Double-entry bookkeeping system Generally Accepted Accounting Principles
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 how
Premium Double-entry bookkeeping system Bookkeeping Asset
in such a way that limits the possibility of argumentive outbreaks. The NGT should produce a good mixture of quality ideas and help everyone to feel the involvement of working together as a group. The article‚ Nominal Group Technique: An Alternative to Brainstorming‚ lists some basic steps to follow when using this technique. The steps are (1) Individuals should be groups by five or six people. (2) Position question in open-ended format‚ ex: How can we best facilitate new changes within departments
Premium Time Social psychology Creativity
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
Alternative Energy Alternative Energy Alternative energy refers to energy sources that have no undesired consequences such for example fossil fuels‚ nuclear energy and falling water. Fossil fuels are coal‚ petroleum and natural gas. There are some characteristics of the fossil fuels that made the concept of alternative energy come into place. (Alternative Energy) One of the fossil fuels‚ Petroleum‚ forms a thin film around the grains of the rock where it formed. Pressure from the overlying rock
Premium Energy development Wind power Fossil fuel
Alternative medicine‚ also known as a holistic approach‚ has been around since ancient times. It has a longer history of healing than many of the traditional medicines commonly prescribed and available today. Being dominated by pharmaceutical creations in the last century‚ alternative medicine is making a fast comeback these days. People are becoming increasingly aware of medical practices from different cultures. Many are frustrated with the damage that conventional medicine can do‚ its severe side
Premium Alternative medicine Medicine
ALTERNATIVE MARKETING I. Introduction: TRADITIONAL MASS MEDIA faces many challenges. Although advertisers are not ready to abandon traditional media alternative forms of media and marketing arises. This alternative marketing will be discussed in this chapter. II. ALTERNATIVE MARKETING PROGRAMS In developing Alternative Marketing Programs it requires creativity and imagination. Marketers seek to identify new places where a consumer’s path intersects with a brand’s presence‚ or create a new
Premium Marketing Advertising
Alternatives to Layoffs Layoffs‚ a short term fix‚ detrimental to the company‚ should be the last resort Layoffs are done to save money. Unfortunately‚ they are usually a short term fix‚ detrimental to the company. So why do so many companies persist in using layoffs as a first choice for cutting costs‚ and what are some of the alternatives. Sometimes things don’t work out as forecast. Clients delay purchases. Suppliers raise prices. Competitors steal market share. Quarterly‚ at least in
Premium Layoff Termination of employment Investment
provisions it provides citizens with the ability to hold the state responsible for infringement upon their fundamental rights which subsequently creates an effective system of restraint on government action. However this essay will further highlight the limitations of the Constitution such as its inability to enforce respect for the rights
Premium Law United States Constitution
Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements that summarize a large
Premium Balance sheet Generally Accepted Accounting Principles Income statement