Accounting consists of basic assumptions‚ principles‚ and constraints. There are four basic assumptions of accounting that are the fundamental basis of any set of accounts. The four basic assumptions of accounting include: monetary unit assumption‚ economic period assumption‚ time period assumption‚ and going concern assumption. Monetary unit assumption states that only transaction data that is expressed in terms of money can be included in the accounting records. Economic period assumption states
Premium Generally Accepted Accounting Principles
There are three ways to analyze financial statements there is the vertical analysis‚ which uses the base percentage to express the assets or liabilities and stockholders’ equity. Horizontal analysis or the trend analysis is how someone can evaluate the financial statement over a period. With this method‚ one can determine an increase or decrease in assets liabilities or stockholders equity. This can be done in percentage or totals Horizontal analysis is used primarily with an intercompany comparison
Premium Balance sheet Generally Accepted Accounting Principles Coca-Cola
Situation 1 First I would greet the customer with a standard greeting. Thanking them for calling and asking how I may help them is usually a good way to start off the phone call. Susan is inquiring about some of the functions that PowerPoint has to offer. She has asked about how some of the features of PowerPoint can support her data that she has gathered. I will begin by repeating back her question to verify that we are on the same page. One of the challenges I will probably face is explaining
Premium Presentation Customer service Customer
ACC/291 March 25‚2012 Liquidity Ratios Current Ratio: Current Assets/Current Liabilities 2005 $14‚555‚092/ $6‚974‚752= 2.09:1 2004 $14‚643‚456/ $6‚029‚696=2.43:1 Acid Test Ratio: Cash+ Short-Term Investments + Receivables (Net)/ Current Liabilities 2005 $305‚563 + $283‚583 +$6‚133‚663/ $6‚974‚752= .96:1 2004 $357‚216 + $133‚504 + $5‚775‚104/ $6‚029‚696=1.04:1 Receivables Turnover: Net Credit Sales/ Average Net Receivables 2005 $50‚823‚685/ ($6‚133‚663 + 5‚775‚104/2) $50‚823‚685/
Premium Generally Accepted Accounting Principles Balance sheet
WriteLine(chr(7) & chr(7) & "Error‚ 100 to 105 Only!!!") WScript.echo End If Loop While room < 100 OR room > 105 Do WScript.StdOut.Write("Please Enter the Computer Number (1-4) ...... ") compStr = WScript.StdIn.Readline() computer = CInt(compStr) If computer < 1 OR computer > 4 Then
Premium IP address Web server
Throughout this week I have learned a lot more about liabilities and how to identify the major types of current liabilities. I have learned previously about currently liability and this week really gave me a fresh reminder on the two key features: A company will the debt within one year or the operating cycle (for which ever is the longest)‚ also the company is responsible expects to pay the debt from existing current assets or though the creation of other current liabilities (as mentioned in Chapter
Premium Balance sheet Asset Generally Accepted Accounting Principles
In the file ACC 291 Week 2 Discussion Question 2 there are right answers on the following questions: "What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements? What does your Annual Report say about unearned revenue?" Business - Accounting ACC 291 All Week 4 Assignments - Individual WileyPlus Assignment Includes: Week 4 Chapter 13 practice quiz 1 Week 4 Chapter 14 Practice
Premium Stock Stock market Par value
Financial Statement Differentiation A Financial Statement can be defined as‚ “Summary report that shows how a firm has used the funds entrusted to it by its stockholders (shareholders) and lenders‚ and what is its current financial position” (Business Dictionary‚ 2011). The Financial information is required for various users to make an informed Decision. “The purpose of financial information is to provide inputs for decision making” (Kimmel‚ Weygandt‚ Kieso‚ 2009‚ Para 1‚ p. 6). There are four
Premium Generally Accepted Accounting Principles Financial statements Balance sheet
University of Phoenix Material Ethical Dilemma Worksheet Incident Review 1. What is the ethical issue or problem? Identify the issue succinctly. The ethical issue is that sending the husband to prison may eventually cause more harm than good which can be very detrimental to him if he is locked up longer than a short period of time. This is mainly due to him having the mental capacity of a 10yr due to because of his imprisonment in Somalia. 2. What are the most important facts? Which facts
Premium Ethics Posttraumatic stress disorder Agency
How is a macro utilized within Microsoft® Excel®? Macro is designed for the do-it-yourselfer. The software program is ranked among the most useful tools of Microsoft programs. They took a task that would have been executed manually and made it automatic for many computer tasks. This can be from a simple task of creating spreadsheets or worksheets to a very complex task of exporting journal entries in an Excel program into an accounting package and the creating reports in Word. What makes Macros
Premium Spreadsheet Microsoft Office Microsoft Excel