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FA2 Module 1. Financial reporting/accounting concepts
FA2 Module 1. Financial reporting/accounting concepts

... information about economic organizations (required by Canadian corporations legislation and securities commissions), but are only one of several, which include: •Other information in the annual report •Reports required by securities commissions •Reports/releases issued voluntarily ...
acc 492 - homework - Amanda Habenschuss
acc 492 - homework - Amanda Habenschuss

... Save time managing retail activities, tracking sales results and profitability Organize your customer information on one screen –see who’s paid and who owes you Gain greater insight with retail specific reports to help manage your business better Use tools to create and track service work orders Get ...
Elements of the Income Statement
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... each of the company’s stockholders’ equity accounts, including the change in the retained earnings balance caused by net income and dividends during the reporting period. STATEMENT OF CASH FLOWS – reports inflows and outflows of cash during the accounting period in the categories of operating, inves ...
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... Each transaction must identify the specific items affected and the net change on each item Each transaction has a dual effect on the accounting equation The two sides of the accounting equation must ...
Business Administration
Business Administration

... Business Law and Its Environment This course reviews the American legal process, commercial law and its development, and organizational structures, all in the context of the managerial challenges in today’s highly litigious environment. Topics include contracts; negligence; product liability; consti ...
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Internal Controls - Trans

... Statement of Financial Position Revenue and Expense Statements Aged Accounts Receivable Cash Flow Projections Utilization Reports (such as payroll and related employee benefit cost reports or similar usage reports) ...
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... shareholders’ equity or stockholders’ equity for a corporation. Increases in equity of a particular business enterprise resulting from transfers to it from other entities of something of value to obtain or increase ownership interests in it. Decreases in equity of a particular enterprise resulting f ...
Accounting Methods - Cash Basis and Accrual Basis
Accounting Methods - Cash Basis and Accrual Basis

... accessibility of financial data. Financial transactions should be recorded in such a way that a bookkeeper or successor treasurer will be able to both understand historical data and consistently process new transactions. Additionally, financial statements should be presented in such a way that they ...
AIS PowerPoint Presentations
AIS PowerPoint Presentations

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ACCT 108 Title: College Accounting Division
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Syllabus - Institute of Credit Management
Syllabus - Institute of Credit Management

... Accounting concepts: duality/dual aspect (as in 1 above), business entity, going concern, accruals, consistency and materiality. Different accounting treatments on monetary values contained in the financial statements. Accrued payables and prepaid receivables. ...
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1. Accountants refer to an economic event as a a. purchase. b. sale

... The conceptual framework developed by the Financial Accounting Standards Board a. was approved by a vote of all accountants. b. are rules that all accountants must follow. c. is viewed as providing a constitution for setting accounting standards for financial reporting. d. is legally binding on all ...
Developing a Cost Accounting System for First Government Contract
Developing a Cost Accounting System for First Government Contract

... to include identifying potential system gaps that the DCAA did not call attention to, and to determine the best methods for correcting DCAA audit deficiencies. Our effort was segregated into three phases. Phase I encompassed an initial risk assessment with a report citing accounting compliance probl ...
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... contemporray accounting profession. Such unethical practices have increased the demand for ethics within the accounting profession as well in the accounting literature in oredr to regain the trust in the accounting profession and to prevent future scandals. The purpose of this research is to investi ...
Statement of Owners` Equity
Statement of Owners` Equity

... Budget- planning and control tool that reflects a firm’s expected sales revenues, operating expenses, and cash receipts and outlays Management estimates of expected sales, cash inflows and outflows, and costs Budgets are a financial blueprint that serves as a financial plan Cash budget- tracks the f ...
Sharon - Accounting Solutions
Sharon - Accounting Solutions

... · A family illness required intervention into the entrepreneurial endeavors of this family. The first two businesses were established but the third was just in infancy. I stepped in to meet their accounting needs at a critical time deciphering what phase each were in and turning that data into valua ...
AIS PowerPoint Presentations
AIS PowerPoint Presentations

... Information The Sales Process The Purchasing Process Current Trends in Business Processes Chapter ...
UNIT 3 ACCOUNTING HOLIDAY HOMEWORK DUE 29/1/2015
UNIT 3 ACCOUNTING HOLIDAY HOMEWORK DUE 29/1/2015

... Bill works from the spare room in his home, and the firm’s only assets are a chair, desk and laptop computer. These cost a total of $8 000. Bill has a monthly gross profit of around $15 000. All customers pay at the completion of installation, and he pays his supplier within seven days of invoicing ...
Accounting Brief - Venture Mentors, LLC
Accounting Brief - Venture Mentors, LLC

... income statement. There are several other statements and management reports that should be created and used, however these two are the basic statements required for taxes and normal business operations. In setting up the accounting system, it is recommended that you have professional help. The owner ...
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(60) (AS - 1552030201) - Florida Department Of Education

... Prepare and use financial information about business organizations to support decision making – the student will be able to: 01.01 Demonstrate knowledge of the accounting cycle (including chart of accounts, use of t accounts, journalizing business transactions, preparation of trial balance, adjustin ...
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... To work closely with the Finance Manager in using detailed costing models to enable support and academic staff to make effective decisions, including the financial appraisal of new activities. To work closely with the Procurement team to establish procedures for contract development, review and moni ...
ADVANCED ACCOUNTING (02)
ADVANCED ACCOUNTING (02)

... 2. No equipment, supplies, or materials other than those specified for this event are allowed in the testing area. No previous BPA tests and/or sample tests or facsimile (handwritten, photocopied, or keyed) are allowed in the testing area. 3. Electronic devices will be monitored according to ACT sta ...
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DOC, 113 Kb

... the role of cost data in modern business management. Classifying costs according to the possibility of attributing them to a specific cost object: direct and indirect costs. Cost accounting methods: absorption and the variable costing (accounting for variable costs), their advantages and disadvantag ...
REPORTS TO: General Manager - California Special Districts
REPORTS TO: General Manager - California Special Districts

...  Oversee the purchasing system, consistent with the purchasing policy and systems of internal control.  Ensure the effective and timely completion of routine financial and human resource operations and transactions.  Manage fixed asset inventory system.  Perform those duties specified in County ...
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Microsoft Dynamics GP

Microsoft Dynamics GP is a mid-market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localizations. It uses either Microsoft SQL Server 2005, 2008, or 2012 to store data. It is one of four accounting packages acquired by Microsoft that now share the Microsoft Dynamics Business Solutions brand. Dynamics GP is written in a language called Dexterity.The Dynamics GP product was originally developed by Great Plains Software, an independent company located in Fargo, North Dakota, which was run by Doug Burgum. Dynamics Release 1.0 was released in February 1993. It was one of the first accounting packages in the USA that was designed and written to be multi-user and to run under Windows as 32 bit software. In late 2000, Microsoft announced the purchase of Great Plains Software for $1.1 billion. This acquisition was completed in April 2001.
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