...ACC 250 Entire Course To purchase this Tutorial click below link: http://homeworkgallery.com/index.php/product/acc-250-entire-course/ ACC 250 Week 1 Assignment Accounting Memo. The software that we use for accounting applications is obsolete. Therefore new accounting software should be acquired as soon as possible. As a result our organization has made room in this year’s budget for the software. ACC 250 Week 1 Checkpoint Choosing Accounting Software. Accounting software is typically designed to handle the needs of four kinds of companies. These are (i) entry-level (entry) businesses with up to 20 employees and 5 million dollars in annual revenues (ii) small to medium businesses (SMB) with up to 100 employees and 100 million in annual revenues, (iii) small to medium enterprises (SME) with up to 500 employees and 500 million in annual revenues, and (iv) enterprise resource planning groups (ERP) with over 500 employees and annual revenues of over 500 million (Johnston, 2008) ACC 250 Week 2 Bellwether Garden Supply CheckPoint.pdf This work comprises ACC 250 Week 2 Bellwether Garden Supply CheckPoint ACC 250 Week 2 DQs. You have just completed training for your new position in a large accounting firm. The trainer has covered the difference between manual accounting and computerized accounting. What questions do you have regarding the differences? What are the advantages of computerized accounting versus manual accounting? What was the most challenging aspect...
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...ACC 250 Week 1 Assignment Accounting Memo. http://homeworkgallery.com/index.php/product/acc-250-entire-course/ http://homeworkgallery.com/index.php/product/acc-250-entire-course/ The software that we use for accounting applications is obsolete. Therefore new accounting software should be acquired as soon as possible. As a result our organization has made room in this year’s budget for the software. ACC 250 Week 1 Checkpoint Choosing Accounting Software. Accounting software is typically designed to handle the needs of four kinds of companies. These are (i) entry-level (entry) businesses with up to 20 employees and 5 million dollars in annual revenues (ii) small to medium businesses (SMB) with up to 100 employees and 100 million in annual revenues, (iii) small to medium enterprises (SME) with up to 500 employees and 500 million in annual revenues, and (iv) enterprise resource planning groups (ERP) with over 500 employees and annual revenues of over 500 million (Johnston, 2008) ACC 250 Week 2 Bellwether Garden Supply CheckPoint.pdf This work comprises ACC 250 Week 2 Bellwether Garden Supply CheckPoint ACC 250 Week 2 DQs. You have just completed training for your new position in a large accounting firm. The trainer has covered the difference between manual accounting and computerized accounting. What questions do you have regarding the differences? What are the advantages of computerized accounting versus manual accounting? What was the most challenging...
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...Code it now on your answer sheet! TEST FORM “A” York University AP/ADMS2500.03 Introduction to Financial Accounting Midterm Examination #1 Time: 3.0 hours - Winter 2015 - Questions: 40 Instructions 1. Submit • Only the pink mark sense sheet will be collected: you may keep this midterm examination paper. • Mark your answers on it for later reference. Ensure your name is on the pink mark sense sheet. 2. Mark Sense Sheet • Record your name and student number and answer all questions on the computer mark sense sheet provided with an HB (soft lead) pencil. Bring several pencils in case one breaks. The computer will not recognize ink or hard lead pencils. • Test Form is for the exam version you are writing (A, B or C) and Code is your Section (in the left column). • Fill in the bubbles for your name and student number in pencil (your phone number is not required). Leave the last column of the student number BLANK . • If you change an answer, use a high quality eraser to completely remove the previous mark. If the computer senses two answers to a question, only the first scanned will be recognized. 3. Exam Aids • Only calculators without alphanumeric programmable memories are allowed. It is strongly suggested you bring a couple of cheap 4 function computers to the exam in case one fails. Be prepared to be challenged by invigilators if you bring a “fancy” calculator. • Compact foreign language/English dictionaries may be used. However, these will...
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...ACC 290 Week 3 WileyPLUS – 100% Correct To Buy This material Click below link http://www.uoptutors.com/acc-290-new/acc-290-week-3-wileyplus-new Question 1 Ken Lumas started his own consulting firm, Lumas Consulting, on June 1, 2014. The trial balance at June 30 is as follows. LUMAS CONSULTING Trial Balance June 30, 2014 | | | Debit | | Credit | Cash | | $ 6,850 | | | Accounts Receivable | | 7,000 | | | Supplies | | 2,044 | | | Prepaid Insurance | | 3,480 | | | Equipment | | 15,000 | | | Accounts Payable | | | | $ 4,280 | Unearned Service Revenue | | | | 5,200 | Common Stock | | | | 22,134 | Service Revenue | | | | 8,000 | Salaries and Wages Expense | | 4,000 | | | Rent Expense | | 1,240 | | | | | $39,614 | | $39,614 | In addition to those accounts listed on the trial balance, the chart of accounts for Lumas also contains the following accounts: Accumulated Depreciation—Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. | | Supplies on hand at June 30 total $850. | 2. | | A utility bill for $181 has not been recorded and will not be paid until next month. | 3. | | The insurance policy is for a year. | 4. | | Services were performed for $4,370 of unearned service revenue by the end of the month. | 5. | | Salaries of $1,338 are accrued at June 30. | 6. | | The equipment has a 5-year life with no salvage...
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...ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A) For more course tutorials visit www.tutorialrank.com ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A) E1-5 E1-5 Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. 1. Property taxes on the factory building. 2. Production superintendents’ salaries. 3. Memory boards and chips used in assembling computers. 4. Depreciation on the factory equipment. 5. Salaries for assembly-line quality control inspectors. 6. Sales commissions paid to sell laptop computers. 7. Electrical components used in assembling computers. 8. Wages of workers assembling laptop computers. 9. Soldering materials used on factory assembly lines. 10. Salaries for the night security guards for the factory building. The company intends to classify these costs and expenses into the following categories: (a) Direct materials, (b) Direct labor, (c) Manufacturing overhead, (d) Period costs. List the items (1) through (10). For each item, indicate the cost category to which it belongs. E1-9 E1-9 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. E1-10 E1-10 Manufacturing cost data for Copa Company arc presented below. Case A Case B Case C Direct materials used $ (a) $68,400 $130,000 Direct labor ...
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...Working with Financial Statements Team Paper ACC/300 Accounting is the lifeline to any successful business trying keep up with the competition. Accounting is used to record items that over a period of time a business pays for or receives. Accounting provides a tool for businesses to continue thriving and maintain sustainability, without these tools a business will fail and people will out put out of work. Proper accounting record keeping is obtained so management can review data and information regarding business expenses and daily revenue so proper insight can be given on how the direction of the company should move forward. This data is needed to not only inform the employees of the business, but also the investing parties of that business as well. Success in business is equated to being accountable of all aspects of revenue and expenses. To help aid in the understanding of the practice of accounting, Team C will discuss the subjects of revenue and expense recognition principles. We will also discuss the importance of journal adjustments that are prepaid, unearned, and accrued for both revenues and expenses over time. Each section this team will discuss aids in providing and maintaining the integrity for financial statements to become properly completed. Providing information is correctly entered permits businesses to see a clear and precise accounting picture of the efforts to maintain a company. The revenue recognition principle requires the company to only recognize...
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...Case 1-1 Prepared by Chien-Chih Liu for Professor C. E. Reese in partial fulfillment of the Requirements for ACC 770 – Managerial Accounting School of Business/ Graduate studies St. Thomas University Miami Gardens, FL Term A2/ spring, 2011 `March 19, 2011 Table of Contents Issues..........................................................................................................................................3 Facts...........................................................................................................................................3 Analysis......................................................................................................................................5 Conclusions/solutions/recommendations...................................................................................8 Issues: 1. a. How would you report on the three-month operations of Ribbons an' Bows, Inc., through June 30? b. Was the company profitable? (Ignore income taxes.) c. Why did its cash in the bank decline during the three-month operating period? 2. How should you report the financial condition of the business on June 30, 2010? 3. Do you believe Carmen's first three months of operation could be characterized as "successful"? Explain your answer. Facts 1. Carmen Diaz decided to open a small ribbon shop. Two of her cousins agreed to loan the business $10,000 for one year at a 6 percent interest rate. 2. On March 1,...
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...DEPARTMENT OF ACCOUNTING ACCOUNTING 101 JUNE 2012 EXAMINATION SUGGESTED SOLUTIONS | MARKS | QUESTION | POS | ACT | 1 | 35 | | 2 | 20 | | 3 | 20 | | 4 | 15 | | 5 | 10 | | TOTAL | 100 | | Question 1 /35 | Pre-Adjustment Trial Balance | Adjustments | Post Adjustment Trial Balance | | | | Dr | Cr | Dr | Cr | Dr | Cr | | | Accrued Rent Receivable (01/01/2010) | 1 700 | | 7 900 | 1 700 | 7 900 | | ½,½ | | Acc Depreciation: Office Equip | | 4 300 | | 550 | | 4 850 | ½ | | Administrative expenses | 31 000 | | | 5500+250 | 25 250 | | ½,½ | | Bank (favourable) | 5 800 | | | | 5 800 | | | | Capital (01/01/2010) | | 112 100 | | | | 112 100 | | | Cost of sales | 135 000 | | 600 | 600+600+100 | 134 300 | | 1,1,1,1 | | Depreciation expense | 3 800 | | 550 | | 4 350 | | ½,1 | 5500*.2*6/12 | Drawings | 18 000 | | 100 | | 18 100 | | ½,1 | 150*2/3 | Interest expense | 8 250 | | 1 500 | 3 750 | 6 000 | | ½,1,1 | 50000x.12 | Inventory (31/12/2010) | 38 800 | | | | 38 800 | | | | Land & buildings, at cost | 84 300 | | | | 84 300 | | | | 12% Loan from Loan Anonymous | | 50 000 | | | | 50 000 | | | Office equipment | 20 000 | | 5 500 | | 25 500 | | ½ | | Prepaid interest (01/01/2010) | 1 500 | | 3 750 | 1 500 | 3 750 | | ½,½ | | Rent revenue | | 15 400 | 1 700 | 7 900 | |...
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...Personal Budget, Balance Sheet, and Cash Flow Statement ACC/547 January 21, 2013 Personal Budget, Balance Sheet, and Cash Flow Statement Memo: Some people save less than their financial capacity is and this fact leads them to serious financial problems and lack of financial security. Therefore, successful money management should be a life decision undertaken at the early adulthood in order to plan money distribution effectively that would eventually provide financial prosperity. The purpose of this memo is to analyze my client's financial situation, their personal budget, balance sheet, and cash flow statement and give them recommendations and support for improving their financial situation. My client, John Morgan is a 49 year old engineer who is married and has two dependents. Kate Morgan, John's spouse is a 43 year old teacher and the mother of those two children. My client and his family live in a gorgeous 4-bedroom house, in a nice neighborhood with a good school district. Although, the family leads a peaceful life their financial situation is in a great disarray. Though, John and Kate make together close to $140,000 a year they don't have much of a life savings, or emergency fund, and too much credit card debts. In order to help them understand the significance of saving more money instead of spending it, personal balance sheet, cash flow statement, and budget need to be prepared. Personal balance sheet reflects their assets and liabilities and determines...
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...Comparing IFRS to GAAP Donald Cleveland University of Phoenix Kurt Meyer ACC/290 Author Note [Include any grant/funding information and a complete correspondence address.] Abstract [The abstract should be one paragraph of between 150 and 250 words. It is not indented. Section titles, such as the word Abstract above, are not considered headings so they don’t use bold heading format. Instead, use the Section Title style. This style automatically starts your section on a new page, so you don’t have to add page breaks. Note that all of the styles for this template are available on the Home tab of the ribbon, in the Styles gallery.] Keywords: [Click here to add keywords.] Comparing IFRS to GAAP In the financial industry there is a well-known difference between how the United States operates, and how the rest of the world conducts accounting practices. Generally Accepted Accounting Principles (GAAP) is the accounting standard practiced in the US. International Financial Reporting Standards (IFRS) is the accounting standard used around the world. GAAP is known to have more rules, while IFRS is based more on principle and general acceptance. In this paper GAAP and IFRS will be compared and contrasted in a brief overview. IFRS 2-1 The main difference between the formatting of IFRS and GAAP statement of financial of position and a GAAP balance sheet is the ordering of liquidity. IFRS does not require a particular order or any classification of accounts. It is common for companies...
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...com/downloads/acc-202-complete-course-acc-202-entire-course/ http://homeworktimes.com/downloads/acc-206-entire-course-new/ http://homeworktimes.com/downloads/acc-206-new-week-1-assignment-chapter-one-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-assignment-chapter-two-three-problems/ http://homeworktimes.com/downloads/acc-206-new-week-2-journal-institute-management-accounting/ http://homeworktimes.com/downloads/acc-206-new-week-3-assignment-chapter-four-five-problems/ http://homeworktimes.com/downloads/acc-206-new-week-3-journal-hershey-company/ http://homeworktimes.com/downloads/acc-206-new-week-4-assignment-chapter-six-seven-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-chapter-eight-problems/ http://homeworktimes.com/downloads/acc-206-new-week-5-assignment-final-paper/ http://homeworktimes.com/downloads/acc-212-financial-accounting/ http://homeworktimes.com/downloads/acc-250-complete-course-acc-205-entire-course/ http://homeworktimes.com/downloads/acc-290-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-291-complete-course-acc-290-entire-course/ http://homeworktimes.com/downloads/acc-340-entire-course-acc-340-complete-course/ http://homeworktimes.com/downloads/acc-400-complete-course-acc-400-entire-course/ http://homeworktimes.com/downloads/acc-407-entire-course/ http://homeworktimes.com/downloads/acc-455-complete-course/ http://homeworktimes.com/downloads/acc-492-complete-course-acc-492-entire-course/ ...
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...Case Study: Lincoln Savings and Loan Association In 1978, Charles Keating, Jr. began focusing his time and energy on his business endeavours when he founded the real estate firm, American Continental Corporation (ACC). Six years later, ACC acquired Lincoln Savings and Loan Association, which was headquartered in Phoenix, although its principal operations were in California. In his application to purchase Lincoln, Keating pledged to regulatory authorities that he would retain the Lincoln management team, that he would not use brokered deposits to expand the size of the savings and loan, and that residential home loans would remain Lincoln's principal line of business. After gaining control of Lincoln, Keating replaced the management team; began accepting large deposits from money brokers, which allowed him to nearly triple the size of the savings and loan in two years; and shifted the focus of Lincoln's lending activity from residential mortgage loans to land development projects. On 14 April 1989, the Federal Home Loan Bank Board (FFILBB) seized control of Lincoln Savings and Loan, alleging that Lincoln was dissipating its assets by operating in an unsafe and unsound manner. On that date, Lincoln's balance sheet reported total assets of $5.3 billion, only 2.3 percent of which were investments in residential mortgage loans. Nearly two-thirds of Lincoln's asset portfolio was invested directly or indirectly in high-risk land ventures and other commercial development projects. At...
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...Campbellsville University School of Business and Economics SYLLABUS Course Title: ACC 601 Managerial Accounting Semester/Dates: Graduate Term 1: August 29, 2011 – October 23, 2011 (Traditional MBA) Meetings: Thursday (6:00 PM – 10:00 PM), AD 25 Faculty: Dr. Sunny Onyiri Office: AD 29-b Phone: (502) 365 4424 Email: soonyiri@campbellsville.edu Office Hours: Posted Required Materials: Textbook: Noreen/Brewer/Garrison. Managerial Accounting for Managers, With Connect Plus, 2nd ed McGraw-Hill, 2011. ISBN 9780077403485 Recommended: APA Manual, 6th edition Available at Barnes and Noble Bookstores Calculator: Much of this course involves problem-solving applications. You should have a calculator to make necessary computations in and outside classroom. Any calculator with math or business functions will do. Internet Access: Some of the course materials and problems will be posted and completed on the internet. It is therefore imperative that you have access to the internet in order to successfully complete this part of the class assignments. Individual assignments...
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...Cost-Volume-Profit Analysis Stephanie Bowens, Janette Cruz, Noelle Lang, Velavan Nedunchezhiyan, and Judy Robertson ACC/561 Accounting November 11, 2013 Grace Kalil Managerial accounting is key part of manager's jobs. Part of it is that managers need to forecast monthly, quarterly and yearly expenses, tracking their actual expenses at the end of each cycle and determine if they stayed within their budget. Typically managers in several departments need to report their expenses to an accounting department and managerial account will be maintaining these information. Business can use this information to find out their operational cost such as labor, raw material, manufacturing, advertisement, distribution and miscellaneous and will help them to stay in with their budgets, incase if they are over the budget it will help managers to make an educative decision on where to cut the cost and tally the budget. The expenses can be classified into two parts fixed cost and other as variable cost. Managers need the skills to identify them and manage them. Cost-Volume-Profit analysis, CVP analysis, helps in understanding the relationship of these two costs, volume of product sales required to cover manufacturing or servicing cost, and net profit. CVP analysis is used in managerial accounting to use the relationships between cost, volume and profit quickly to calculate metrics that provide insight into the current and future performance...
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...ACTG 2010 Group Assignment Shabih Rizvi – 214218978 Nicole Triumbari- 214218978 | General Journal | Page 1 | Date | Particulars | P.R. | Debit | Credit | November 2016 | 4 | Dr. Accounts Receivable | 102 | 100.00 | | | | Cr. Teaching Revenue | 301 | | 100.00 | | | Earned the revenue for October class | | | | | | | | | | | 8 | Dr. Cash | 101 | 250.00 | | | | Cr. Accounts Receivable | 102 | | 250.00 | | | Collected $250 from Neighbourhood school | | | | | | | | | | | 10 | Dr. Cash | 101 | 625.00 | | | | Cr. Unearned Revenue | 201 | | 625.00 | | | Received $625 in advance in teaching classes | | | | | | | | | | | 15 | Dr. Accounts Payable | 202 | 50.00 | | | | Cr. Cash | 101 | | 50.00 | | | Pays phone bill worth $650 | | | | | | | | | | | 16 | Dr. Accounts Payable | 202 | 600.00 | | | | Cr. Cash | 101 | | 600.00 | | | Pays his brother for a website design $600 | | | | | | | | | | | 18 | Dr. Cash | 101 | 50.00 | | | | Cr. Unearned Revenue | 201 | | 50.00 | | | Received $50 for photography class | | | | ...
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