Dale Dickason Article #1- This article is about a software company that has switched it’s method of recording revenue from a conservative method to a sell-in method. Peregrine was originally recording revenue when the customers had received the software. They soon switched to a new method that allowed them to record revenue after shipping the software. The new method is very enticing for companies to commit a fraud to hide the fact that a quarter quota wasn’t met or to make the company appear to
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(COLLEGE OF TECHNOLGY EDUCATION, KUMASI) IMPROVING THE PERFORMANCE OF SECOND YEAR ACCOUNTING STUDENTS’ IN DOUBLE ENTRY PRINCIPLES THROUGH PARTICIPATORY METHODS OF TEACHING AND LEARNING: USING POPE JOHN SENIOR HIGH SCHOOL AND MINOR SEMINARY, KOFOFIDUA AS A CASE STUDY URIAH- ACQUAH PANFORD JUNE, 2015 IMPROVING THE PERFORMANCE OF SECOND YEAR ACCOUNTING STUDENTS’ IN DOUBLE ENTRY PRINCIPLES THROUGH PARTICIPATORY METHODS OF TEACHING AND LEARNING: USING POPE JOHN SENIOR HIGH SCHOOL AND
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Option #1: Budgeting for Radiology Facility The radiology department at Best Medical Care is developing a budget for DRG 250: Fracture, Sprain, Strain, and Dislocation of Forearm, Hand, and Foot. This year the department saw 2,200 admissions for DRG 250 analyzed in the following way: 40% for a hand X-ray (which takes five minutes); 30% for a foot X-ray (which takes 15 minutes); and 30% for a forearm X-ray (which takes 15 minutes). The budget committee is projecting a 12.1% change in DRG 250 for
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As many of you heard that, the Chief Financial Officer (CFO) for XYZ Construction Inc. has been promoted to the newly created position of Vice President of Overseas Operation. The CFO’s absence leaves a void in the knowledge base of the owners group regarding several key financial and accounting principles. There will be all hands training meeting on May 25 @ 1100 local time, expected to last until 1300 and will be held at the Denver Embassy Suites conference room. The hotel will provide the video
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The Harbor Company uses the allowance method in accounting for uncollectible accounts (bad debts). Harbor’s past experience indicates that 1% of a year’s net credit sales will eventually be uncollectible. Selected amounts at December 31, 2000, and December 31, 2001, appear below: | |12/31/00 |12/31/01 | |Net Credit Sales for the year |$500,000 |$600,000
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points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry. (10 points)(Points : 20) 1. As I understood in accounting a debit rises the balance and a credit cuts the balance, + or -. Using a double entry system, we would debit one account and credit the other to get the journal in balance. When we debit an account, we increase the balance. When we credit the account, we decrease the balance. The financial records that have a standard debit balance
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Accounting Equation ACC 300 April 28, 2014 Accounting Equation The accounting equation is an important part of a financial statement. It gives, at all times, proper information because it gathers the appropriate numbers that explain a company’s assets. A balance sheet portrays the financial situation of a company at any given point. The accounting equation is known as: Assets equals Liabilities plus Owner’s Equity. Assets refer to the resources that the business owns, such as accounts receivable
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JM Ferreira Student Nr: 10011678860 Hotel Accounting 1 P O Box 10278 Assignment Code: 72367 B Test: 1 Edition 1 FONTEINRIET 1460 Tel: 0829283527 15 March 2015 Question 1. The accounting equation: Indicate classification of the items presented below by a tick, see example 1. | Assets | Liabilities | Owner’s Equity | 1. Cash | | | | 2. Bank Overdraft | | | | 3. Capital | | | | 4. Loans | | | | 5. Salaries Payable | | | |
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| Debit | Credit | Payroll tax | | 352.16 | FICA tax | 198.40 | | State Unemployment tax | 133.92 | | Federal unemployment tax | 19.84 | | | $352.16 | $352.16 | E10-6 E10-8 1. True 2. True 3. False 4. True 5. False 6. False 7. True 8. True 9. True 10. True E10-18 A. | Debit | Credit | Cash | | 562,613 | Discount on Bonds Payable | | 37,387 | Bonds Payable | 600,000 | | | $600,000 | $600,000 | B. | Debit | Credit |
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PROJECT GOAL The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: ■ Balance sheet ■ Income statement ■ Statement of retained earnings ■ Post-closing trial balance The financial statements must be created in one Microsoft Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading. INSTRUCTIONS Read the following instructions thoroughly before
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