...Over the last 500 years, the double-entry system of accounting has provided the accounting profession with a reliable and accurate way of tracking the economic events of companies. However, with the implementation of computer-based accounting systems over the last few decades, event based accounting has gained popularity. The theory behind event based accounting is that each business transaction can be broken down into one, or a combination of three types of events: economic, business, and information. An economic event is one in which the quantity of resources change, such as selling an item or purchasing a service. Events like receiving an invoice from a supplier, or sending out a purchase order to a vendor are examples of business events. They are necessary to the company even though they are not the monetary or physical transactions for goods or services. Tasks like creating reports and inputting new customers are considered information events. Information events provide the necessary data for the economic or business events that transpire. The double-entry system of accounting focuses on taking those separate events and aggregating them into journal entries. By aggregating them, a great deal of the total information of the event is left out. Under an event based accounting system each event is recorded with as much of the information as possible, and then stored in tables of data that allow the user to recall and compile this information into usable reports. This...
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...Accounting is the most basic framework of business. People use accounting in their daily lives when they study financial statements to make investment decisions, assess interest rather to pay off their house mortgage and calculate rates for car payments. God himself recognize accounting, for he said in his Holy Bible that everyone would be accountable before him when this world comes to an end.(Matthew 12:36) The practice of accounting can be traced back to ancient times, with "accounting books" of various forms discovered as early as 3500 B. C. From the time of 3500 B. C., accounting has progressed slowly through the development of the modern double-entry system published by Luca Paciolo in the fifteenth century until the advent of the computer. In 1581 the first college of accountants was organized with power to regulate entry into the field. Along with the development of modern accounting, a stereotypical image of the accountant was developed, because of its task being routine and purity mathematical in function. The accountant is view as a dull person that is chain to his desk all day. A survey of college students proved that accounting is treated with mental formulaic concepts, thus it has a stereotype image. Accounting may be defined as an information system that provides reports to various individuals or groups about economic activities of an organization or other entity. Accounting is information sciences used to collect, classify, and manipulate financial data for...
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...Journal Entries: Reflection and Reader Response • Journal Entry 1: “What does it mean to be a soldier?” (Reflection/RR) • Journal Entry 2: “Only the dead see the end of war…” (Reflection/RR) • Journal Entry #3: “How does being a solider change a man (or woman)? Are people changed for better or worse or both? What is the effect on the person, and what is the effect on the nation?” (Reflection/RR) • Journal Entry #4: “Reflect on the duality of words. How do words hold infinite power in their ability to simultaneously create and destroy? How do words affect conflict? How do they affect people?” (Reflection/RR) • Journal Entry #5: “Who or what determines our respective identities? Who or what makes you who you are? Why? How? Is it fair? Do we have control over who we are? Who we are perceived to be?” (Reflection/RR) • Journal Entry #6: “What does Oscar Schindler prove about people amid war and destruction? What characters have we encountered thus far in the semester who could also fit into this category? Why is it so important we remember them and tell their stories?” (Reflection/RR) • Journal Entry #7: “What does it mean to have courage? Is it truly more honorable to die than to live? Is this always the case? If not, reflect on the ambiguity of such a statement.” (Reflection/RR) • Journal Entry #8: “What tangibles and intangibles do you carry with you every day? Why are they important to you?” (Reflection/RR) • Journal Entry #9: “In your opinion, can there...
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...ACCT290 WEEK 4 REVERSING ENTRIES JOAN GAPP Journal entries are used to change accounting information in financial systems. Following the double-entry system used in modern accounting, these entries always affect at least two accounts -- one account is debited, while another account is credited. A reversing entry is a journal entry that inverts a previously recorded "regular" entry. The use of reversing entries is optional, but it offers certain advantages, making them very popular in the accounting world. When you reverse an entry made in a prior period, you prevent duplication of revenues or expenses, which improves accuracy. For example, you made an entry to recognize a phone expense last month as part of the closing of the month process. Now the bill has been entered in the accounting system, and an expense was again recognized. The reversing entry will zero out the expense, correcting the situation. Reversing entries related to period closing always are paired with entries from the past. You can enter a journal entry in January and reverse it in February to avoid duplication in February. You don't normally go back to January to reverse an entry done in February. Reversing entries is a simple process that can be performed by any employee without much knowledge of accounting. Basically, the account originally debited is now credited and vice versa. There's no need to research or conduct any calculations -- all you need to do is reverse the original entry using the same exact...
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...Association web site on the MLA Style.. This site includes Frequently Asked Questions about MLA Style which includes basic information on citing internet sources. • For further information, see both: Gibaldi, Joseph. MLA Handbook for Writers of Research Papers. 4th ed. New York: Modern Language Association of America, 1995. Gibaldi, Joseph. MLA Style Manual and Guide to Scholarly Publishing. 2nd ed. New York: Modern Language Association of America, 1998. NOTE: • • Before you compile your list of works consulted (bibliography) check with your lecturer/tutor for the bibliographic style preferred by the academic department to whom you are submitting your work. The MLA style requires all titles to be italicised or underlined. In this publication we have used the underline option. Check with your Department for the preferred option. • MLA requires that the start of each new entry must be flagged. You can use any of the following: 1. Hanging indents (ie 1st line set flush left with 2nd and subsequent lines indented) 2. Indent the first line only 3. A clear line space between each new entry (In this publication we have used hanging indents – option no.1. Check with your academic supervisor for the preferred option) • In the body of your work, the MLA citation style requires only enough information to find the source in the list of works consulted list (bibliography) - usually author and, if a particular passage is being referred to, page numbers. This parenthetical reference...
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...Debra Scott ESL-223N April 12, 2015 Prof. Christine Burke Mr. Gallon Man SIOP Lesson Plan Grade Level: 2nd Grade Students at the 2nd grade level are starting to learn and understand how liquid is measured and how to solve measurement problems. Unlike kindergarten and 1st grade level students, 2nd grade students are beginning to understand and start wondering about how liquids are measured Theme: “Mr. Gallon Man” Exploring measurements of liquid using Gallons, quarts, pints, and cups. Standards: State Level Standard for 2nd Grade Level students such as; II-LS, II-R, II-W, II-L, AZ-CCS 3.MD.A.2, and AZ-CCS 2.OA.A.1. Background Building: For the past month, students have had been learning about measuring liquid using cups, pints, quarts, and gallons. They have watched the “Gallon Man song” video during carpet song time. During carpet time, students listen and sing the song, while the visual video is displayed on the smart board. In the “Gallon Man song”, students learn about how two cups equal 1 pint, two pints equal 1 quart and how four quarts equal 1 gallon. English proficiency levels: beginning through advanced Lesson Topic This lesson will be completed in three days, and students will learn measurements by learning that: 2 cups = 1 pint 2 pints = 1 quart 4 quarts = 1 gallon The first day students will be paired to create Mr. Gallon man using cups, pints, quarts, and gallons. The second day students will create...
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...Running Head:JOURNAL ENTRY WEEK 4 #5&6 Reflective Journal Entries Liberty University Running Head: JOURNAL ENTRY WEEK 4 #5 1 Week4 #5 In chapter 5 I realized that in my listening assessment that I need to listen for unidentified markers and meanings that are not readily apparent. I also need to show more empathy and be careful of rash labels that could hinder my ability to see meanings of what is being said. My goal from this is to build relationships based on trust and understanding. The response categories can map out a pattern for me to use in listening. The text labeled these response categories as empathetic, recommendation and asking for more information(Allen,1995) My ultimate goal after this weeks assignments is to be a more empathic listener. The guidelines I identified with is to be an active listener. The active listener will demonstrate interest in what the talker in saying. The goal will be to actively listen and to create a chain of events in the communication cycle that will allow the talker to open up and share more as I actively listen. As the talker gives more valid information I will apply the response category of asking for more information by asking valid questions. This empathetic listening skill will allow for a more complete communication model. Good communication skills can also help with those emotional situation and...
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...-Recurring (Standard) Journal Entry cut-off is Sunday, August 19th at 3:00 p.m. (ET) -Reconciler (add/delete) cut-off is Monday, August 13th at 3:00 p.m. (ET) -Allocator change cut-off is Wednesday, August 8th at 3:00 p.m. (ET) September 2012 Cut-offs: -Structure changes including add/delete/modify cut-off is Wednesday, September 5th at 3:00 p.m. (ET) -Recurring (Standard) Journal Entry cut-off is Sunday, September 16th at 3:00 p.m. (ET) -Reconciler (add/delete) cut-off is Monday, September 10th at 3:00 p.m. (ET) -Allocator change cut-off is Wednesday, September 5th at 3:00 p.m. (ET) General Accounting will only process structure maintenance from Entity Management & Allocator/Reconciler maintenance if received by the cut-off date. Late forms will be held and processed in the next month. NOTE: Oracle Module entries (except Projects) will be pulled for the last time for August activity on Wednesday, September 5th at 5:00 AM (ET). On Line Error Correction and ADI will be closed on Thursday September 6th at 10:00 PM (ET). The Hyperion Availability Schedule is: 2nd Fiscal Saturday: FDM/Interactive Reporting (IR) - Not available from 6:00 p.m.-9:00 p.m. (ET) for the history load Schedule for Early Morning Runs: ADI and Oracle Module entries will be pulled at...
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...Journaling for Yourself 1. 1 Find something that can become your journal. You can use a notebook, legal pad, blank book, word processor or whatever you like for your journal. Just make sure that it contains blank pages you can write on, and that the pages are bound up so they won't scatter and get lost. Ads by Google One Man's Story Life was good but then it started falling apart. Then dad died. www.thoughts-about-god.com 2. 2 Find a writing tool. If you chose to use a word processor in Step 1, you can skip this step. If you're using an actual book, locate a pen you like. (You can use pencil to write in your journal, but it will fade dramatically over time.) Some journal-keepers have a particular brand of pens that they prefer, or they favor a certain style (such as gel pen over ballpoint). Either way, your writing implement should feel comfortable in your hand and help you write at a pace you enjoy. 3. 3 Set up a routine. You might want to carry your journal with you wherever you go, so that you can write down your thoughts as they strike you. Or you might choose a particular time each day to sit down and clear your head. Whatever you decide, make it a habit. Journaling as part of a routine will make you more likely to stick with it. 4. 4 Chose a setting that's conducive to writing. Place yourself in an environment that makes you feel like writing, whether it's the privacy of your own room or a busy coffee shop. If you're not sure where you like to...
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...for the first 10 years of its incorporation were taken into consideration. Here, assets including cash and liabilities are recorded in a single account “A and CL” which denotes assets and current liabilities. In the year 2000, the firm began its business with 3 partners Able, Baker and Cabot each contributing capital amounting to $ 1 Lakh. The journal entries for capital invested is 2000 Jan.1 Assets and Current Liabilities…dr 300,000 To Able, Capital a/c 100,000 To Baker, Capital a/c 100,000 To Cabot, Capital a/c 100,000 On the 1st April, 2000, the partners arranged for a five year ‘ballon’ note at 8% on $1 Lakh which meant that the firm has to pay quarterly interest for 5 years to the partners with, the principle amount due in full at the end of 5th year. The journal entries for this is, April.1 Assets and Current Liabilities…dr...
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...properly reflect balances at the end of the period. • Creation of Financial Statements • Completion of the Closing Process with appropriate closing entries and posting to T accounts • Determination of Book Value for Fixed Assets • Discussion of the Company’s financial position As you work through this problem please refer to the Penn State rules regarding Academic Integrity. You must cite any source that was used in completing this assignment. PART 1. 5% Bob loves construction and wants to start his own company. He is married, 30 years old and lives with his wife in their house in Goodville. He currently has a full time job for a local architect that supports the family. His dream is to restore old houses and bring them back to their original status. He has saved $20,000 to start this business. He knows nothing about accounting and has hired you to provide him with accounting services as well as guidance in starting this business. The first task is to determine what business form Bob should choose. Explain the different business formats to Bob and which one you recommend for Bob’s new business: “Builder Bob” (BB) PART 2. 90% Bob has followed your advice and on January 7, 2014 he deposited $20,000 into a business bank account for BB and started pursing his dream. It has been a hectic 6 months and on July 2nd Bob contacts you for help. Bob hands...
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...1 APA Documentation in Research Papers (2014-2015) The Purpose of Referencing/Documentation A. to identify (cite) other people’s ideas and information used within your essay or term paper, and B. to indicate the sources of these citations in the References list at the end of your paper. APA Format The APA format is only one of many methods of documentation. Details about the format are found in the Publication Manual of the American Psychological Association (6th ed.) (at MRU Bookstore and MRU Library) the APA Style Guide to Electronic References (6th ed.) (referred to in this handout as Electronic Guide) the APA website at http://apastyle.apa.org/ (including Frequently Asked Questions [FAQ]) and the APA Style Blog NOTE: The APA manual is not designed specifically for students. These guidelines have been adapted to fit the needs of MRU students. Please consult with your professors if you have any questions about referencing guidelines for specific courses. Avoiding Plagiarism – Citation Principles for Essays and Term Papers [APA pp. 169170] Within essays, term papers, and any other written assignments (as in all academic work), you must identify (i.e., reference, document, cite) all quotations, paraphrases, ideas, and images from someone else’s work. You must name the original author or source and surround quoted material with quotation marks or set it in a block format as described in this handout (p. 2). Copying any material and ...
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...MLA Style Citations, 7th ed. (Modern Languages Association) This guide provides basic guidelines and examples for citing sources using the MLA Handbook for Writers of Research Papers, 7th ed. (2009). MLA citation style requires that credit be given to sources in the text of an essay with parenthetical references. General guidelines for parenthetical references appear on the last page of this guide. While the following examples are single-spaced, the Works Cited page should be double-spaced throughout. Format: Author Last, First. Title. Location of Publisher: Publisher, Year of Publication. Print. Book: One Author Sample Citation: Welch, Kathleen E. Electric Rhetoric: Classical Rhetoric, Oralism, and a New Literacy. Cambridge: MIT, 1999. Print. Format: Author Last, First, and First Last. Title. Location of Publisher: Publisher, Year of Pub. Print. Book: Two Authors Sample Citation: Lunsford, Andrea, and Lisa Ede. Singular Texts/Plural Authors: Perspectives on Collaborative Writing. Carbondale: Southern Illinois UP, 1990. Print. Format: Author Last, First, Author First Last, and Author First Last. Title. Location of Publisher: Publisher, Year of Pub. Print. [Note: If a source has more than three authors, only the first author should be listed, with the Latin phrase “et al.” (meaning “and others”) following their name.] Book: Multiple Authors Sample Citation: Patten, Michael A., Guy McCaskie, and Philip Unitt. Birds of the Salton Sea: Status, Biogeography, and Ecology. Berkeley:...
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...REQUIREMENT #1: | | | | | | | | | | | | During its first month of operation, the Parkview Landscaping Corporation, which specializes in residential landscaping, | | | | completed the following transactions: | | | | | | | | | | | | | | | | | | | | | | | | | July 1 | x | Began business by making a deposit in a company bank account of $24,000, in exchange | | | | | | | for 4,800 shares of $5 par value common stock. | | | | | | | | | | | | | | | | | | | | | | | July 1 | x | Paid the premium on a one-year insurance policy, $2,400. | | | | | | | | | | | | | | | | | | | | | | July 1 | x | Paid the current month's rent, $2,080. | | | | | | | | | | | | | | | | | | | | | | | | July 3 | x | Purchased landscaping equipment from Brookwood Company, $8,800. Paid $1,200 down and the balance was | | | | | placed on account. Payments will be $400.00 per month for nineteen months. The first payment is due 8/1. | | | | | Note: Use Accounts Payable for the Balance Due. | | | | | | | | | | | | | | | | | | | | | | | July 8 | x | Purchased landscaping supplies from Lakeside Company on credit, $780. | | | | | | | | | | | | | | | | | | | | | July 12 | x | Paid utility bill for July, $308. | | | | | | | | | | | | | | | | | | | | | | | | July 16 | x | Cash landscaping revenue for the...
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...Journal Two: Identifying Conflict in Two Texts Read About Journals in ENG125: Introduction to Literature for more information about the purpose and expectations for journals. This week, you continue writing your journal entries. This journal entry is designed to help you document ideas about conflicts in literature, which will contribute to the information required for the Week Three Draft and the Week Five Literary Analysis. Recognizing conflict is essential to understanding the various commentaries literature can provide. In Journal One, you identified conflict as it might appear in our everyday world and from other sources. Now, consider the following definition of conflict and how it relates to literature from the textbook or the story/poetry links provided under the requirements for the Literary Analysis: Conflict is opposing actions, ideas, and decisions that hold a plot together...the struggle that shapes the plot in a story. Chapters 1-7 of our text contain a number of stories and poems, each of which rely on at least one conflict. Choose two of this week’s assigned literary works and write about the conflicts presented in each of them. In 250 to 500 words Individual versus Society --- “Still she had come down the road toward the big white church alone. Just herself, an old forgetful woman, nearly blind with age” (para 3.1,2) --- appears to be the main conflict in Alice Walker’s narrative ironically, yet metaphorically named "The Welcome Table”. The...
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