Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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References: Warren‚ C.‚ Reeve‚ J.‚ and Duchac‚ J (2007). Accounting. 23rd ed South-Western‚ cengage learning in thousands except share data | January 3‚ 2009 | December 29‚ in thousands except share data | December 29‚ 2007 | December30‚
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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In this assignment I am going to look at two contrasting organisations‚ one that makes a profit and another that doesn’t make a profit‚ in which case I am looking at Tesco a profit making organisation and Oxfam which is a non-profit making organisation. For these two organisations I am going to describe the type of business activity‚ describe the business purpose of each organisation‚ describe the main differences in type of ownership between the two organisations‚ describe the owners’ liability
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Case Studies 1. A small family was traveling in its van and had a minor accident. The children in the back seats were wearing lap belts‚ but still sustained numerous bruises about the abdomen‚ and had some internal organ injuries. Why is this area more vulnerable to damage than others? Name specific organs that would be injured‚ as well as the abdominopelvic quadrant and region in which they are found. What injuries might you suspect in the damaged organs? The area is vulnerable because
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This is a SMART target because it is Specific‚ Measurable‚ Attainable‚ Relevant and Time-bound‚ I have these to produce as evidence. This target is specific because it is to the point and I have specified how many I’m going to do. And it is time bound because it is a sensible amount of time for me to do them in. This is a SMART target because it is Specific‚ Measurable‚ Attainable‚ Relevant and Time-bound because I set a plan out on how and what I was going to do to achieve stage one‚ I didn’t
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Tissues Tissues are sets of the same cells carrying out particular functions these include; epithelial‚ connective‚ muscle and nervous. Epithelial tissues are the inside layer of internal and external surfaces and body cavities‚ including ducts carrying secretions from glands. They may be composed of some layers of cells‚ called compound epithelia or just a single layer which is known as simple epithelia. The lowest or bottom layer of cells is attached to the basement membrane for support and
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Explain how organisations use information The way they use information is so that they can plan better and also exploit the business better monitoring and controlling on how they run the business and by using certain types of activities Some organisations use business information to help them become more effective for them. Four of the most important ways are operational support‚ analysis‚ decision making and gaining advantage. There is a bit of information on these types down below in the table
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Ideas about the solar system Our understanding of the solar system has changed over many centuries. Scientists such as Ptolemy‚ Copernicus and Galileo added their ideas to our changing understanding. We observe the universe using a variety of equipment‚ from telescopes to orbiters and landers. Models of the solar system The planets and the Sun orbit the Earth in Ptolemy’s model. Our understanding of the universe has changed over time. Different civilisations have created different models to
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Nutritional Health Explaining the terms: food‚ diet‚ meals and snacks‚ nutrients Food: Food is a nutritious substance that people or animals eat or drink in order to carry on life and growth. Food has been categorised as carbohydrates‚ including fibre‚ protein‚ fat and vitamins and minerals. Food allows us to keep on living. For example bread contains carbohydrate‚ meat contains protein‚ milk contains fat but it depends what milk you take‚ fruit and vegetables both contain vitamin and minerals
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