Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310. Course Goals/Objectives This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to: • provide a more extensive understanding of financial accounting principles and procedures
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standard-setting processes. The introduction of IFRS in Australia replaced the original accounting standards and brought several brand new standards. Until now‚ Australia was the first country with a tradition of its own standard-setting to implement international accounting standards for general purposes. Therefore‚ the adoption is unexpected and controversial. This essay mainly focuses on the negative side of this accounting standard conversion‚ which points out a number of potentially serious problems
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—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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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
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http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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• What is the purpose of major crime-reporting programs? What makes a successful crime-reporting program in the United States? The purpose for major crime-reporting programs is to try to improve the methology and to publish the collective data. So by having major crime-reporting programs the law enforcement agencies are able to get information and also collect data to figure out the crime patterns of the nation instead of just one spot. This is hard though because not all of the crimes that end
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Laurie is a misbehaving student who had often been disrespectful and also severely injured young children! “Charles” a passage written by Shirley Jackson is a story about a young boy named Laurie who avoids getting in trouble by referring to himself by the name of Charles. Laurie is a sly young child further more he can act quite mischievous. The story is set in the 1950’s around a few locations Laurie’s home along with his Kindergarten where most of the story takes place. The main conflict is that
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Why did the New Zealand government offer Warner Brothers incentives to film “The Hobbit” in New Zealand? Analyse how this will affect the New Zealand film industry and New Zealand society. Warner Brothers‚ one of Hollywood ’s most famous studios‚ was founded in 1923 by four actual brothers: Jack‚ Sam‚ Harry & Albert Warner. On April 4‚ 1923‚ with help from a loan given to Harry Warner by his banker Motley Flint‚ they formally incorporated as Warner Bros. Pictures‚ Inc. I believe that production
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Percy Jackson and the Olympians: The Lightning Thief by Rick Riordan was an exciting book from start to finish. This fiction book takes you on the adventures of the twelve year old Percy Jackson as he discovers who he really is. Being a demigod‚ a child of a Greek god and a mortal woman‚ Percy is in for the ride of his life. Percy Jackson is not what you would consider to be normal; aside from having ADHD and dyslexia strange things just seem to happen to him and no one seems to understand. His
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