ACCOUNTING SYSTEMS Tiffany Bullock HS210-02 March 21‚ 2013 The three types of bookkeeping systems are Pegboard‚ Single Entry‚ and Double Entry. The Pegboard system is also called the write-it-once system. This system is the most widely used manual method of accounting in the healthcare industry. The cost of using this system is a little more than the others. It is a lightweight board that uses pegs to hold all the different forms in place. This system can hold forms for the daily log sheet
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assets B. Subsidiary C. Service departments D. Exclusive cash generating unit 7. Assume that employees confessed to a P500‚000 inventory theft but are not able to make restitution. How should this material fraud be shown in the company’s financial statements? A. Classified as loss and shown as a separate line item in the statement of comprehensive income. B. Initially classified as an account receivable because the employees are responsible for the goods. Because they cannot pay‚ the loss
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playing very important role in supplementing overall development activities of Bangladesh thus the financial management has very significant role in ensuring productive delivery of this sector. In current days‚ the NGOs require to compete bidding process to acquire fund from external sources including Government. This process needs to prove its capacity and quality by qualifying itself in the current market approach of contractual bidding. The sound and professional financial management system of an organization
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Kayla Johnson Intermediate Financial Accounting I AC321 A Chapter 1: CE 1-1: Describe the main elements of the link labeled “Help‚ FAQ‚ Learning Guide‚ and About the Codification.” The “Help‚ FAQ‚ Learning Guide‚ and About the Codification” link describes how to navigate the website and answers questions about changing or updating your profile. CE 1-2: Describe the procedures for providing feedback. In the bottom right hand of the home page‚ you can select a link that will lead you to a
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Summer Training project Report PROJECT REPORT FOR THE PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR MASTER OF BUSINESS ADMINISTRATION ON “Analysis of Indian cement Industry & Financial performance of ACC LTD” IN “ACC CEMENT LIMITED” Submitted to: - Submitted by:SHIVALI KAMAL Semester -III RBS/PGPM/SPR09/006 Course: MBA+PGPM Batch: SPR-09/11 1 TABLE OF CONTENTS Sr. No. 1) 2) 3) 4) Contents Preface Acknowledgement Declaration Executive Summary Page No. 5) (A) (B) (C ) Introduction
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that refers to a code of moral system that provides criteria for evaluating right and wrong. An ethical dilemma is a situation in which an individual or group is faced with a decision that test this code. One of the elements that many believe distinguishes a profession from other occupations is acceptance by it members of a responsibility for the interest of those it serves. . Accounting ethics is a field of professional ethics which pertains specifically to accounting. For the public to rely on the
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Introduction to Financial Accounting ACCT6331 –Prior Year Suggested Time: 90 minutes 1. When the amount of expenses recognized for the purpose of financial reporting exceeds the expenses recognized for the purpose of tax reporting‚ a company will have deferred tax assets. Please indicate if the above statement is true or false. a. true b. false 2. BJ Services is an oil and gas service firm. The company does not issue any preferred stocks or convertible securities.
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01 MCQ FOR IMT 57 – FINANCIAL ACCOUNTING Test : (Journal‚ Ledger‚ Trial Balance‚ Errors) Name: _________________ Fundamentals of Accounting Max. Marks: 30 1. RPC Ltd. follows the written down value method of depreciating machinery year after year by applying the principle of (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above. 2. A change in accounting policy is justified
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1. The accounting process involves all of the following except a. identifying economic transactions that are relevant to the business. b. communicating financial information to users by preparing financial reports. c. recording nonquantifiable economic events. d. analyzing and interpreting financial reports. 2. Financial accounting provides economic and financial information for all of the following except a. creditors. b. investors. c. managers. d. other external users. 3.
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Introduction I am analysing the accounts of Pumpkin Patch for the year ended 31st of July 2011. This report is prepared for Patrice who is considering purchasing shares from Pumpkin Patch. Pumpkin Patch was established in New Zealand in 1990 and is known for its reputation for fashionable childrenswear. Pumpkin Patch now has developed itself further internationally with retail stores in New Zealand‚ Australia‚ UK‚ Ireland and the United States. Liquidity The current ratio of Pumpkin
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