What is accounting? Accounting is an administrative tool for recording financial transactions, so that a summary of what has happened to the business money can be traced. Every financial transaction should be recorded and entered into accounts that can be summarized into financial reports. Financial reports and statements provide information about the trading period. These statements are set out in a standard format that is easy to read and understand. The main types of financial reports and statements
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INTRODUCTION International Financial Reporting Standards (IFRS) In 2011, international financial reporting standards (IFRS) will replace generally accepted accounting principles (GAAP). This means Canadian publicly-traded companies will be required to present financial statements in accordance with IFRS. This change will not only affect those involved in the development of financial information but also those who use this information. Economic globalization brings increased demand for high quality
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(NYSE), MSFT (NYSE), INTU (NASDAQ), and SGPYY (LSE) in daily historical price from 3/1/11 through 5/31/11. 1 - The summary various accounting systems that each firm provides: ➢ Peachtree is a Sage product that and use by SGPYY, MSFT, and SAP AG ➢ QuickBook is an Intuit product that use by APPL, NIKE, and INTU QuickBooks holds 89 percent of the small business accounting software market in the United States. However, Sage’s small business product, Peachtree, is another popular product
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Sage Peachtree Accounting Complete and Microsoft Dynamics GP Software Evaluation Sage Peachtree Accounting Complete and Microsoft Dynamics GP are among the most widely used accounting software. An analysis of these two accounting software packages follows. Sage Peachtree Accounting Complete Peachtree is an accounting software program available to small and large businesses to include specialties for certain industries; is it ranked amongst the top accounting software program in the market
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computer skills to contribute towards efficient running of the organization. SKILLS: • Have knowledge in Accounting system (SAP Business One and Bix Box) • Possess strong analytical and problem solving skills • Hardworking and highly trustworthy • Resourceful in the completion of projects and effective team player WORK EXPERIENCE: Accounting Assistant (Accounts Payable) Regent Foods Corporation #80 Elisco Road, Kalawaan Sur, Pasig City July 2012
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Financial Report Student’s Name Institution Components of the Annual Report Accounting inputs are records of business and transactions. They arise from sales, purchases, investments and other financial activities. To ensure the success of the financial report, you need to record these transactions as they happen and process them accurately in order. Income statement, stockholders equity, cash flow statements and balance sheets are financial reports you can prepare using these accounting inputs
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JMJC Chocolates Partnership Business Simulation In Partial Fulfilment of the Requirements for the Fundamentals of Accounting 2 By: Joan Patricia Castillo Meg Angeli R. Llanto Joshua Rusit Carlie Loyola ACKNOWLEDGEMENTS This partnership is made possible through the help and support from everyone, including professors, friends and family. First of all we would like to thank God for the strength, clear of mind and guidance to make this business. We would like to offer our
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TERMS TO LEARN Accounting The Information system that measures business activities, processes the information into reports, and communicates the results to decision makers. Accounting Equation Assets=Liabilities+Equity Accounts Payable A short term liability that will be paid in the future Accounts Receivable The right to receive cash in the future from customers for good sold or for services performed Assets Economic resources that are expected to benefit the business in the
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expressing an opinion on the financial statements. The objective of our audit is the expression of opinions as to whether your basic financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles, the objective also includes reporting on: • Internal control related to the financial statements and compliance with laws, regulations, and the provisions of contracts and grant agreements, noncompliance with which could have a material
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11/17/2013 The Accounting Cycle AC114 Accounting has three basic activities; it identifies, records, and communicates the numbers to the interested parties of the company. The internal users who rely on accounting information are the people who plan, organize, and run the business. The most common external users that rely on the accounting information are investors and creditors, because neither of the two would invest into a business with inaccurate accounting information. To ensure accuracy
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