According to the American Accounting Association, accounting is a process to measure, identify and communicate to show economic information by the user. ( http://tutor2u.net/business/accounts/intro_accounting.htm). Besides that accounting also can be define as the language of business because it is a system to record , analyse and summarize of financial transaction ( http://www.cliffsnotes.com/study_guide/Introduction-to-Accounting.topicArticleId-21081,articleId-21001.html). Accounting is a transaction of
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Profits: Accounting Report: Mr. Alan Longer’s “Revive Marketing” Submission Date: May 6th, 2014 Submitted to: Mr. Alan Longer Owner of Revive Marketing Submitted to: Mr. Alan Longer Owner of Revive Marketing Submitted by: Diogo De Sousa Silvério 08735093 Chris Lam 08696055 Submitted by: Diogo De Sousa Silvério 08735093 Chris Lam 08696055 Executive Summary: The purpose of this report is
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Running head: IMPORTANCE OF ETHICS IN ACCOUNTING Importance of Ethics in Accounting Everest University Importance of Ethics in Accounting Accounting fraud is common but is not as trivial as the common cold; a typical organization loses annual revenues of nearly 5 percent to fraud. In addition, almost one-quarter of reported fraud is exceeding $1 million dollars. The accounting industry is constantly growing and changing. Consequently, difficult decisions have to be made every day.
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Memorandum To: Mr. Johnson From: Aislan Sartori Subject: Derivatives Date: October 2, 2014 Executive summary To understand if derivatives are risky or not, it is necessary to first understand the role of derivative. Derivatives are instruments that are derived from variables; interest rate, commodity price, or foreign exchange are all examples. It also allows entities to speculate on or hedge on future market factors changes at very low no cost. So, the derivative will raise and fall with
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Supandji Table of Contents EXECUTIVE SUMMARY 3 Factors in understanding company and business risk before accepting as New Client 4 Comparison of the Overall Financial Conditions of BHP Billiton Ltd and Rio Tinto Limited during the GFC 6 Explanation of risks associated with BHP and Rio Tinto Ltd during GFC 8 Managing Business Risk: BHP Billiton Ltd Vs Rio Tinto Limited 10 CONCLUSION 11 EXECUTIVE SUMMARY There are four purposes for this report. It attempts to provide description of
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BACK FLUSH ACCOUNTING 1.0 Introduction Back flush accounting is one of the accounting systems that support Just in Time system. Just in time is the inventory system that produced the required items at the right time and the right place. Accounting was delay the recording of transaction during process is known as back flush accounting. The system is the transaction was only recorded once the product was completed. Back flush accounting is the system that focuses on the output of organization
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You have requested that we audit the financial statements of Peach Blossom Cologne Company for 2009, which consist of the balance sheet, income statement, statement change in equity, and cash flow statement for the year. Also, the summary of significant accounting policies and other explanation notes. We are pleased to confirm our acceptance and our understanding by means of this engagement letter. We are responsible for the objectivity
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for the period;c) A statement of changes in equity for the period;d) A statement of cash flows for the period;e) Notes, comprising a summary of significant accounting policies andother explanatory information; andf) A statement of financial position as at the beginning of the earliestcomparative period when an entity applies an accounting policyretrospectively or makes a retrospective restatement of items in itsfinancial statements, or when it reclassifies items in its financialstatements
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business. One of these statements is called a balance sheet. A balance sheet reports the firm’s financial condition on a specific date. Secondly, you have an income statement. An income statement summarizes revenues, cost of goods, and expenses, for a specific period and highlights the total profit and loss from that particular period. Lastly, you have what’s called a statement of cash flows which provides a summary of money coming into and going out of the firm. (Understanding Business, p.472)
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jsmith@nowhere.com Career Objective Versatile team player eager to contribute a strong finance, accounting, & administrative background toward actively supporting the success of a progressive organization offering opportunities for growth in exchange for superior performance. Profile ➢ Offer a 10-year background in accounting and finance, with experience ranging from P&L/financial statements, management reports, general ledger, and journal entries to multi-state payroll, accounts payable/receivable
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