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
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succeed over the long haul. | | | | |2. Instructions |Students must adhere to following:- | | |Must come prepared for the class. | |
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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Managerial and Financial Accounting ACCT/300: Principles of Accounting April 9‚ 2008 Managerial and Financial Accounting This paper will attempt to differentiate between managerial and financial accounting‚ the users of managerial and financial accounting and what type of business decisions would be made with the information. Managerial Accounting Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations
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environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy‚ these factors include employee‚ customer‚ suppliers‚ shareholder‚ banker etc. External environment comprises those factors and trends outside the organization that might have an influence upon an organization and its future. Many external factors can have an effect upon an organization - from changes in government
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3 SaleSoft‚ Inc (A) CASE FACTS: The main objective of SaleSoft (SS) is of becoming a leader in the high end of the Sales Automation (SA) software industry for which they introduced PROCEED which had very little competition and high demand. Now‚ SS needs to decide whether or not to introduce a Trojan Horse (TH) product which could potentially distract SS from its primary objective. There is a risk that if SS launches TH then the sales of PROCEED might get affected. PROCEED had received
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LAB 13 CONFIGURING SECURITY SETTINGS This lab contains the following exercises and activities: Exercise 13.1 Installing Internet Information Server Exercise 13.2 Testing IIS Connectivity Exercise 13.3 Allowing a Program through the Firewall Exercise 13.4 Creating Windows Firewall Rules SCENARIO You are a Windows 7 technical specialist for Contoso‚ Ltd.‚ a company with workstations in a variety of different environments. You have been assigned the task of building a test
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and carried out by different people in the organisation‚ it is called ____________. a. Co-existence of authority and responsibility b. Division of labour c. Unity of command d. Unity of direction 6. When the workers are encouraged to do things which are not defined but add to productivity‚ it is called as ___________. a. Equity b. Order c. Initiative d. Overtime 7. Planning should always end in _________ because that is the purpose of planning. a. Structuring b. Decision c. Profits d. Staffing
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Framework states that the objective of financial statements is to provide information about the financial position‚ performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions." What is meant by saying that accounting information should be decision useful’? As stated in the AASB Framework‚ financial statements play an utmost important role to a variety of users‚ which mainly consist of the investors‚ employees‚ lenders‚ suppliers and
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Internal Control and Bank Reconciliations Athena Jackson ACC/225 November 10‚ 2013 Scott Flynn Problem 8-1A 1. The principle of internal control violation is separation of duties. The person that records the incoming cash receipts should not be the same person that is posting the customer payments to their accounts. My recommendation to the business would be that they have one person recording the incoming cash receipts‚ and they should assign another employee to take
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