...they are not able to then the creditors would want the company sell of its assets so that they can gain back the principal plus interest of the loan. - Management o Management would be interested in their financial reporting because they would need to see whether company is making profits or not. This is important because it reflects their performances. Good performances would mean they have done their job properly and may be able to get yearend bonuses. Moreover, they wouldn’t be losing their jobs due to poor performances done as the CEO can see these results in the financial reports. - Auditors o Auditors would be interested in their financial reporting because they would need to see whether company’s financial report follows the accounting rules they are reporting under in,...
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...D.E.A.L.O.R Divdends Expenses Assets Debit Liabilities Owners' equity Revenues Credit Debit Credit General Form Date Account name Debit Account name Credit Initial Investment in a Company Date Cash Assets Debit Common Stock Liabilities + + Cash Owners' Equity + Common Stock Credit Purchase Building with a Loan Date Buildings Assets Debit Notes Payable = +Buildings Liabilities + Owners' Equity + Note Payable Credit Purchase Equipment for Cash Date Equipment Assets Debit Cash Credit Pay one year's Rent Date Prepaid Rent = Debit Provide Business Services on Credit Date Accounts Recievable Debit Service Revenue Credit Liabilities + Owners' Equity = Liabilities + Owners' Equity = Liabilities + Owners' Equity +Buildings -Cash Assets Cash = +Prepaid Rent -Cash Assets +Accounts Recievable Credit +Service Revenue (Revenue increases NI increases RE) Provide Business Services for Cash Date Cash Assets Debit Service Revenue = Liabilities + +Cash +Service Revenue (Revenue increases NI increases RE) Credit Pay for Advertising with Cash Date Advertising Expense Cash Assets Debit = Liabilities + -Cash Purchase Supplies on Account Assets Debit Accounts Payable = +Supplies Liabilities + Purchase Supplies Assets Debit Cash Credit ...
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...MANAGERIAL ACCOUNTING 00819 MANAGERIAL ACCOUNTING A 11:0 - 12:30 MW 142 00820 MANAGERIALACCOUNTING B 12:30 - 2:0 ST 142 00821 MANAGERIAL ACCOUNTING C 2:0 - 3:30 MW 142 00825 MANAGERIALACCOUNTING G 9:30 - 11:0 MW 142 00826 MANAGERIAL ACCOUNTING H 11:0 - 12:30 ST 142 00827 MANAGERIAL ACCOUNTING I 12:30 - 2:0 MW 142 00828 MANAGERIAL ACCOUNTING J 2:0 - 3:30 ST 142 00829 MANAGERIAL ACCOUNTING K 3:30 - 5:0 MW 142 MACRO ECONOMICS 01263 MACRO ECONOMICS A 5:0 - 6:30 MW 7072 01265 MACRO ECONOMICS C 9:30 - 11:0 MW 7072 01266 MACRO ECONOMICS D 11:0 - 12:30 ST 7072 01267 MACRO ECONOMICS E 12:30 - 2:0 MW 7072 01268 MACRO ECONOMICS F 2:0 - 3:30 ST 7072 01269 MACRO ECONOMICS G 3:30 - 5:0 MW 7072 01270 MACRO ECONOMICS H 5:0 - 6:30 ST 7072 BEHAVIORAL SCIENCE 00783 INTRODUCTION TO BEHAVIORAL SCIENCE A 3:30 - 5:0 MW 154 00784 INTRODUCTION TO BEHAVIORAL SCIENCE B 5:0 - 6:30 ST 154 00785 INTRODUCTION TO BEHAVIORAL SCIENCE D 9:30 - 11:0 ST 154 00787 INTRODUCTION TO BEHAVIORAL SCIENCE E 11:0 - 12:30 MW 154 00788 INTRODUCTION TO BEHAVIORAL SCIENCE F 12:30 - 2:0 ST 154 00789 ...
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...Business Administration office to arrange a meeting with a faculty advisor to discuss the impact of the change. Generally you graduate under the rules in place when you enter or re-enter the BBA program. You have entered the BBA program when you declare your major on MyTrent. You should retain a copy of the declaration for your records. Level 1000 Courses Normally Offered Completed, In Progress, Plan to take in (term): Required FA WI ADMN 1000H - Contemporary Issues in Mgmt X ADMN 1021H- Financial Accounting I X X ECON 1010H - Intro micro economics X X ECON 1020H- Intro macro economics X X Electives Level 2000 Courses Normally Offered Completed, In Progress, Plan to take in (term): Required FA WI ADMN 2010H - Management Skills X ADMN 2021H- Financial Accounting II X X ADMN 2100H - Intro to marketing X X ADMN 2220H- Organizational Behaviour X X ADMN 2510H - Organization Theory X X ADMN-ECON 2200H- Intro to...
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...PMR Week 12 – Write and debrief Mock Exam #2 and #3 Management Decision MakingPart 1 Intro 55 minPart 2 Various subjects 62 minPart 3 Various subjects 41 minPart 4 Information Technology 42 minPart 5 Various subjects 36 minPart 6 Various subjects 56 min | FinancePart 1 Intro and various subjects 43 minPart 2 Various subjects 62 minPart 3 Various subjects 50 minPart 4 Various subjects 72 min | TaxationPart 1 Intro 67 minPart 2 Various subjects 65 minPart 3 Various subjects 77 minPart 4 Various subjects 58 minPart 5 Various subjects 42 minPart 6 Various subjects 35 min | GSRMGovernance, strategy and risk management is a short 45 minute lecture with 18 embedded multiple choice questions. There is approximately 1.5 hours of learning time in the GSRM area. | PMRPMR 1 Intro 5 minPMR 2 Conceptual Framework 12 minPMR 3 FS Presentation 12 minPMR 4 Statement of Cash flows 36 minPMR 5 Revenue 52 minPMR 6 Accounts Receivable 13 minPMR 7 Notes Receivable 21 minPMR 8 Inventories 34 minPMR 9 Property, Plant and Equipment 65 minPMR 10 Borrowing Costs 12 minPMR 11 Intangible Assets 32 minPMR 12 Impairment of Assets 25 minPMR 13 Investment Property 13 minPMR 14 Agriculture 9 minPMR 15 Non-Current Assets Held for Sale 17 minPMR 16 Liabilities and Contingencies 48 minPMR 17 Shareholder’s Equity 25 minPMR 18 Employee Benefits 58 minPMR 19 Leases 51 minPMR 20 Income Taxes 80 minPMR 21 Accounting Policies 23 minPMR 22 Events After the Reporting Period 5 minPMR 23 Government Grants 15 minPMR...
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...Financial Statements ACC 290 Mrs. Evans October 5, 2014 Assets, liabilities, expenses, and revenues are of interest to users of accounting information. This information is arranged in the format of four different financial statements, which form the backbone of financial accounting (Intro. to Financial Statements, 2010). Businesses and organizations simply cannot do business, make money, or grow without proper accounting and record keeping. This summarization will identify the four basic financial statements, the purpose of each statement, how they are useful to internal users, such as managers and employees, and how they are useful to external users, such as investors and creditors. Chapter 1 states, “To present a picture at a point in time of what your business owns (assets) and what it owes (liabilities), you prepare a balance sheet. To show how successfully a business performed during a period of time, a report of its revenues and expenses must be made in an income statement. To indicate how much of previous revenue was distributed to the owners of the business in the form of dividends, and how much was retained in the business to allow for future growth, a retained earnings statement is presented. To show where a business obtained cash during a period of time and how that cash was used, a statement of cash flows is presented.” As you can see, each area of a business is accounted for through financial statements. Now that we have seen a brief summary of the four...
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...| UCSI UNIVERSITYFACULTY OF BUSINESS AND INFORMATION SCINECE (FoBIS) | Teaching Plan 1. | Unit Code &Unit Title: | BA106 INTRODUCTORY ACCOUNTING | 2. | Course of Study: | BACHELOR OF ACCOUNTING AND FINANCE, BACHELOR OF ACCOUNTING, BACHELOR OF FINANCE AND INVESTMENTS | 3. | Year of Study: | 1 | 4. | Year and Semester: | JAN 2015 | 5. | Credit Hour & Contact Hours: | 3 credit hours Lecture: 3Tutorial: 3Practical: | 6. | Lecturer: | SHAKERIN ISMAIL | 7. | Tutor: | SHAKERIN ISMAIL | 8. | Mode of Delivery: | LECTURE, TUTORIAL | 9. | Objective: | This subject would enable the students: 1. To understand and appreciate of the accounting concepts and accounting practice. 2. To prepare the recording process and understand the whole accounting cycle. 3. To possess the technical ability in preparing basic financial statements. | 10. | Learning Outcome: | At the end of the course, students should be able to:Knowledge 1. Distinguish different forms of business and its reporting environment. 2. Explain the accounting principles and the role of accounting reports.Thinking Skills 3. Use accounting equation to analyse the economic effect of a transaction. 4. Use double entry system of accounting to record business transactions.Subject-based Practical Skills 5. Prepare trial balance. 6. Prepare adjusting entries and closing entries. 7. Prepare entry for special journals and subsidiary...
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...Behavioral Sciences ECO 201 and ECO 202 One more class of choice from list (3 courses) Area E- Humanities and Fine arts Class of your choice from list (3 courses) Area F-Contemporary Global Studies Class of your choice from list (1 course) Total must add to approx. 40 Credits Electives- ANY OF YOUR CHOICE BUT THESE ARE RECOMNEDED FOR BACHELORS Accounting- ACC 153 and ACC 154 Business- BUS 101 and BUS 221 or BUS 225 Computer Science- CIS 101 or another accepted by University Mathematics- MAT 190 Total must add up to approx. 20 Credits Total to graduate min. 60 credits List of classes I still need that I can take from Core List Area C Life Sciences BIO 101 Intro to life Science w/lab, or BIO 104 w/o lab Human genetics Physical Sciences CHM 101 Intro to General Chemistry (preq. MAT 070 OR 114) or CHM 105 Elements of chemistry (same Preq.) PHY 115 w/o lab Descriptive astronomy, PHY 131 college Physics (Preq. MAT 122 or currently enrolled in MAT 122) or PHY 221 General Physics (Preq. MAT 250 with C or better) EAS 100 Intro Earth Science, EAS 101 Physical Geology, EAS 105 w/o lab Intro Weather and Climate or EAS 121 w/o Physical Geography Area E- Classes with bullet points will apply to both area E and F knocking out both areas (so take 1 classes instead of...
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...MANAGERIAL USES OF B ACCOUNTING INFO ACC 201 FINANCIAL ACCOUNTING I A AHRS EHRS QHRS Semester 15.0 15.0 15.0 Cumulative 30.0 64.0 30.0 Status Good Standing Status No Academic Honors CRS GEO MUS STA ACC NUM 160 100 291 202 CRS NUM A-S 280 Requested by: Jianan Sun -------------------------------------------Undergraduate Academic Record SCHOOLS ATTENDED Secondary Schools: Xi'an Gaoxin Tangnan High School Higher Education Institutions: Xi'an University of Finance & Econom 08/2009 - 05/2010 Issued to: HOURS 3.0 3.0 3.0 3.0 3.0 QPTS 45.00 84.00 QPTS 3.00 9.00 12.00 9.00 12.00 GPA 3.000 2.800 U N O F F I C I A L Test Scores: -------------------------------------------------------Transfer Credit Applied to 2011 Fall Semester Xi'an University of Finance & Econom 08/2009 - 05/2010 XICN001 FUNDAMENTALS OF COLLEGE C 3.00 NEEDEVAL XICN002 ADVANCED MATHS 1 (ECONOMI 3.00 MA 1--XICN003 INTRODUCTION TO LAW OF EC 3.00 ECO 4--XICN004 MORAL CULTIVATION AND BAS 3.00 GEED2--XICN005 PE (1) 1.00 KHP 1--XICN006 MICRO-ECONOMICS 3.00 ECO 201 XICN007 COLLEGE CHINESE 2.00 GEED1--XICN008 ADVANCED MATHS 2 (ECONOMI 3.00 MA 123 XICN009 MANAGEMENT 3.00 MGT 301 XICN010 MACRO-ECONOMICS 2.00 ECO 202 XICN011 PRINCIPLE OF MARXISM 3.00 GEED2--XICN012 DATABASE APPLICATION 2.00 NEEDEVAL XICN013 PE (2) 1.00 KHP 1--XICN014 OUTLINE OF CHINESE MODERN 2.00 GEED2--Total 34.00 2011 Fall Semester Program: College of Business and Economics Bachelor of Science in Accounting Major: Pre-Accounting CRS NUM COURSE TITLE...
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...BUSINESS ADMINISTRATION - HUMAN RESOURCES DIPLOMA PROGRAM (BHR) Starting before Fall 2014 Semester 1 Fall, Winter ICA001- 2 hours Intro. to Computers Semester 2 Semester 3 Winter, Summer Fall SMS 202 - 3 hours Microcomputer Business Applications II Also available in Part-time Studies SMS212 SSC100 - 2 hours College Success Strategies ACC 106 *- 3 hours Accounting I MSC 310 - 4 hours Decision Analysis I Also available in Part-time Studies MSC312 Semester 4 Semester 5 Winter Fall HRA 722 - 4 hours Personnel Research Techniques and HRIS BUS 401 - 3 hours Economics for Human Resources Equiv. HRM722 (Part-time Studies) HRA 734 *- 4 hours Intro. Management Accounting HRA 782 *- 4 hours Recruitment and Selection Techniques Equiv. HRM732 (Part-time Studies) Equiv. BUS400 in Full-time Studies HRA 831 *- 4 hours Equiv. HRM782 (Part-time Studies) Design and Administration of Compensation Plan Equiv. HRM831 (Part-time Studies) Also available (Part-time Studies) ACC120 or ACC106 equiv. available in Part-time Studies) CAP 501 - 1 hour HRA: Career Planning Equiv. CAP500 (Full-time Studies) HRA 822 *- 4 hours HR Planning & Development HRM822 (Part-time Studies) HRA 845 *- 4 hours Industrial Relations Equiv. HRM845 (Part-time HRA 701 *- 3 hours Intro. to Human Resources Management BUS106- 3 hours Introduction to Business (BAM101 Semester 6 Winter Equiv. HRM701 (Part-time...
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...accounting + auditing Intro to XBRL Patricia Francis xbrL Is resHApING tHe FINANcIAL reportING LANDscApe WorLDWIDe, AND LooKs set to Do tHe sAme IN mALAYsIA oNce FuLLY ImpLemeNteD bY LocAL reGuLAtors AND busINesses. Are You xbrL reADY? The objectives of SSM’s SDP II are: • To enhance delivery and improve accuracy of information; • To achieve a standardised and consistent mode of reporting with enhanced analytical capabilities; • To promote data usability and exchange flow with external stakeholders. According to Nor Azimah, SSM also promotes the adoption of XBRL as a nationwide format to be used by key agencies such as the Inland Revenue Board (LHDN), Securities Commission (SC) and Bursa Malaysia and the building of extension taxonomies by the mentioned agencies. The said adoption will provide SSM, other regulators and businesses with detailed data which can be aggregated and made available to stakeholders in the form of industry analysis for industrial benchmarking. The move to XBRL-based reporting is also in line with plans to transform Malaysia into a digital country by 2020, as XBRL reports form part of the digital reporting chain. At the recent Digital Malaysia Press Conference held on 5 July 2012 by the Ministry of Science, Technology and Innovation (MOSTI) along with Multimedia Development Corporation (MDeC), Datuk Badlisham Ghazali, CEO of MDeC told the media that Digital Malaysia will help drive automation and technology adoption to ensure productivity and...
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...Business 1050 – Miller Week 10 Accounting I. Accounting Introduction – When You Add, You Subtract A. Money – means of exchange B. Keeping of accounts – knowing where one stands financially II. Accounting Intro PPT (Canvas) and transparencies (study these on your own) III. Intro to Accounting Lecture A. Definition of accounting B. Accounting Equation Assets = Liabilities + Owners Equity dr↑ cr↓ dr↓ cr↑ dr↓ cr↑ C Asset accounts 1. Current: those expected to be realized/used within 12 months Example: cash, inventory, accounts receivable 2. Long Term: Those assets with long lives Example: buildings, land, patents D Liability accounts: debts 1. Short term: those paid in less than 12 months, e.g. accounts payable 2. Long term: those paid in longer than 12 months, e.g. home mortgage E. Double entry 1. For each transaction, must be two entries – a debit and a credit 2. Debits must equal credits F. T accounts: debits (dr) on the left; credits (cr) on the right IV. Accounting review A Definition B Financial Statements 1 Balance Sheet (BS) (accounting equation) 2 Income (Profit and Loss) Statement (IS) 3 Cash Flow Statement 4 Footnotes 5 Retained earnings (RE) links BS and IS C Accounting cycle V. Pacioli reading A. Father of accounting B. Chapter 1 1. Three things to run a business ...
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...purchasing or vendor/outside agency CT200, 201, 250; OM100 CT300 & 301; OM120, 260, 280, 300, 320, 340; OA100, 110, & 200 OM150 4. Office support duties Performs a variety of office support duties: Typing and correspondence; Filing folders; Records keeping/compilation /data entry; Preparing/processing forms, calendars, and scheduling; Mail distribution and outgoing mailings; Travel/expense vouchers; Telephone and greeting; Supplies/inventory; Updating Web site [HR410], HR295, HR420 PC965 OM150 TW100, 200; OM400 5. Administrative assistant May serve as the personal administrative assistant to an assistant dean, department head or manager Course Code Explanation Code Title CT200 Intro to Banner Admin: The Internet Native Banner Financial System CT201 Introduction to...
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...Intermediate Financial Acct 1 ACCT 351 Time Prof. FROM Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 002 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 351 003 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 352 001 Intermediate Financial Acct 2 Dec 21 9 am Cecere Aaa - Zzz ENGTR 0100 ACCT 354 001 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 354 002 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 361 001 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 002 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 003 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 362 001 Cost Accounting Dec 17 2 pm Levy Aaa - Zzz GYM Studio 1 1-3 ACCT 385 001 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 385 002 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 453 001 Advanced Financial Accountin Dec 14 9 am Scott Aaa - Zzz GYM main gym ACCT 463 001 Management Control Dec 11 2 pm Levy Aaa - Zzz GYM Studio 2 1-7 ACCT 463 002 Management Control Dec 11 2 pm Levy Aaa - Zzz GYM Studio 2 1-7 ACCT 475 001 Principles of Auditing Dec 16 6 pm Cecere Aaa - Zzz GYM Studio 1 1-4 ACCT 486 001 Business...
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...International Accounting Standards Intro to International Business – 1. Both business enterprises and investors can benefit from the adoption of international accounting standards because they do not have to worry about losing money due to different exchange rates. In regards to business ventures, it will help in the long run with a systematic way to compare prices. Although the process is held up slightly for United States entrepreneurs, the process is still great. According to an article published by the NYTimes, “American companies must use rules established by the Financial Accounting Standards Board, a group chosen by the S.E.C., and foreign companies that do not use international standards must reconcile their statements with the American rules before their securities can trade in American markets.” 2. Overstating a country wealth is one of the potentially negative risk associated with investing in a foreign country. A country could be worth 20 billion dollars according to their standards however, when invested in, it is only worth 10million American dollars. Such as when you are an internal user at a firm, you can easily access all correct financial data that is made available to investors and executives. External parties have to rely on information given to them by the company which could be falsified in regards to their financial statements. 3. The United States would cause revisions to the IASB accounting standards because they have general accepted accounting principles...
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