Valdez‚ Victoria Janina V. FM42FC3 REACTION PAPER: ACCOUNTING IN 2015 What Will the Next 15 Years Bring?” By: Michael Alles‚ Alexander Kogan‚ and Miklos A. Vasarthelyi (Faculty members of the Rutgers University‚ Neawark‚ New Jersey‚ USA) The paper focused on single greatest change agent facing accounting in the next 15 years which is technology. Emerging trends in technology will fundamentally alter the way in which both business and accounting will be conducted. The measurement and reporting
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2. Accounting functions This chapter will discuss the organization of Dell in general and provide insights about the Dell business. Will discuss the different stakeholders who are interested in Dell Company and what the key resources of Dell are. Will see the role of accounting within the organization and the accounting software‚ if any‚ they use. 2.1. About Dell Michael dell is the founder for Dell Company. Michael‚ with twenty seven years old‚ was the youngest CEO of a fortune 500company in
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UNIVERSITY OF THE EAST College of Business Administration-Manila UESONs’ PRE-MIDTERM EXAM -FUNDAMENTALS OF ACCOUNTING 1&2- NAME: ___________________________ SECTION: ___________ CELL LEADER: ______________________ WS: ___ CG: ___ SS: ___ DIRECTION: Write your FINAL ANSWERS on the ANSWER SHEET provided. USE CAPITAL LETTERS. NO ERASURES! NO CHEATING! 1. | 26. | 51. | 76. | 2. | 27. | 52. | 77. | 3. | 28. | 53. | 78. | 4. | 29. | 54. | 79. | 5. | 30. | 55. |
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Discuss how the accounting course has affected you in your professional development as a student and as a person as well as encouraging you on your academic path. During my younger days‚ I used to take principle of account (POA) in my secondary school. I could neither understand the subject nor know the important of how accounting will impact my career path. I have stop studying for 2 years due to national service and when I know that basic accounting was one of my foundation subjects‚ I was so
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ATOM Atoms are the basic building blocks of ordinary matter. Atoms can join together to form molecules‚ which in turn form most of the objects around you. Atoms are composed of particles called protons‚ electrons and neutrons. Protons carry a positive electrical charge‚ electrons carry a negative electrical charge and neutrons carry no electrical charge at all. The protons and neutrons cluster together in the central part of the atom‚ called the nucleus‚ and the electrons ’orbit’ the nucleus. A
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against another currency. Depression: A severe contraction in the level of economic activity resulting in many business failures; high and sustained levels of unemployment and sometimes-falling prices. Foreign debt: The amount of money a country has borrowed from overseas sources. Foreign exchange (forex or fx) market: This market determines the price of one currency‚ relative to another. Foreign exchange rate: The ratio of one currency to another. Investment: The purchase of new
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E1-3. The Long Run Golf & Country Club details the following accounts in its financial statements. Accounts payable and accrued liabilities a) liability (L) b) operating activity (O) Accounts receivable a) asset (A) b) operating activity (O) Property‚ plant‚ and equipment a) asset (A) b) investing activity (I) Food and beverage operations revenue a) revenue (R) b) operating activity (O) Golf course operations revenue a) revenue (R) b) operating
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5. In accrual-basis of accounting‚ revenues are recorded when a service is performed. 6. Current liabilities are expected to be paid off or eliminated in the next 12 months. [pic] 7. Each time a business records revenue the account Cash is increased. 8. Accumulated depreciation of an asset – its depreciation expense = book value. 9. Financial accounting provides information for people inside the company while managerial accounting focuses on information for
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Pioneer 10 was the first attempt by the National Aeronautics and Space Administration (NASA) to send a mission into space that would surpass the distance what had previously been explored. In these missions‚ the spacecraft had made it as far as Mars‚ to understand the planet and atmosphere of Earth’s neighbor. Yet‚ Pioneer 10 had three primary goals: make in situ measurements of Jupiter‚ study the asteroid belt‚ and investigate the planetary medium. The first‚ to make in situ measurements of Jupiter
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● the motion for debate today is principles based accounting provide/not provide greater opportunity for manager to manage earnings defining the motion: ● Now we as today’s proposition strongly believe that this is true that principle based accounting provide greater opportunity for manager to manage earnings‚ but before we come to our actual argumentation‚ let us first define some important terms in this debate. ● We believe that what is meant by principle based accouting is that Almost
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