A QUICKBOOKS ACCOUNTING PRIMER By Jeanie R. Hoshor, M.S. Accounting Introduction Businesses run on information: information about the purchase of goods and services from their vendors, about the sale of goods and services to their customers, about their inventories of products, about their employees and the services they perform and the wages they earn, about all the things (cash, buildings, equipment, patents, supplies, etc.) they use to carry on their operations and activities. Most of
Words: 14665 - Pages: 59
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 ledgers. 8. Prepare cash book and petty cash systems. 9. Value the stock using FIFO, LIFO and Weighted Average. 10. Prepare basic financial statements. 11. Prepare bank reconciliation. | 11. | Reading List: | Main Text:Andrew
Words: 643 - Pages: 3
PRINCIPLES OF ACCOUNTING Higher 2 (2016) (Syllabus 9755) CONTENTS Page INTRODUCTION 2 AIMS 2 ASSESSMENT OBJECTIVES 2 SPECIFICATION GRID 2 SCHEME OF ASSESSMENT 3 SYLLABUS OUTLINE 3 SYLLABUS CONTENT 5 SUMMARY OF COMMONLY USED RATIOS 15 RESOURCES 16 Singapore Examinations and Assessment Board MOE & UCLES 2014 1 9755 H2 PRINCIPLES OF ACCOUNTING (2016) INTRODUCTION Principles of Accounting aims to provide candidates with a foundation course in accounting at a breadth and depth
Words: 4608 - Pages: 19
YEAR COURSE OFFERED: 2015 SEMESTER COURSE OFFERED: Spring DEPARTMENT: ACCOUNTANCY AND TAXATION COURSE NUMBER: ACCT 3366 NAME OF COURSE: FINANCIAL REPORTING FRAMEWORKS NAME OF INSTRUCTOR: Vinita Ramaswamy, Ph.D Associate Dean, University of St.Thomas 713 525 6913 email: vram3368@yahoo.com (preferred) ****************************************************************************** The information contained in this class syllabus is subject to change without notice
Words: 2607 - Pages: 11
follows: supporting the Hard-line and Soft-line Stock ledger closing process, shortage reporting and analysis, assist in the month end or quarter end close consisting of journal entries, account analysis, bank schedules, and financial data uploads, ensure proper maintenance of Markdown Allowances, distribute copies of various reports to members of the department on a monthly basis, and maintain SOX control compliance, and participate in special projects required by senior management. The second
Words: 304 - Pages: 2
of general ledger, subsidiary ledgers, special journals and cash prelist General Ledger= contains summary level data for every asset, liability, equity and revenue, and expense account...(accounts receivable) Subsidiary Ledger= contains detailed data for any general ledger account with many individualized subaccounts.... (Separate account for each accounts receivable) General Journal= used to record infrequent or non-routine transaction, such as loan payments Specialized Journal= records
Words: 2842 - Pages: 12
Accounting Review for the CLEP Chapter 1 * Accounting “links” decision makers with economic activities and with the results of their decisions * Information Users * Investors * Creditors * Managers * Owners * Customers * Employees * Regulatory agencies * SEC * IRS * EPA * Cost & Revenue Determination * Job costing * Process costing * ABC * Sales * Assets & Liabilities
Words: 11031 - Pages: 45
Chapter – 1 Introduction to Accounting Origin and history of Accounting can be traced back to some 10,000 years ago. The population in the area known as Mesopotamia, later Persia, and today the countries of Iran and Iraq had an active trading between towns and cities up and down the two rivers started the accounting concepts. At that time there were no letters or numbers. The merchants had to ship their merchandise up and down the rivers. They have to trust the boat man with their goods
Words: 18820 - Pages: 76
position of the cash or inventory. It is a standardized sale processes and easily adopted by new sales resources. As we mention earlier, Point of Sales able integrate all functional areas such as sales system, inventory management system, and general ledger system. Point of Sales does help to streamline
Words: 1040 - Pages: 5
CHAPTER 2 Accounting for Materials Review Summary 1. Materials control includes physical control of materials and control over the investment in materials. Effective physical control of materials involves limiting the access to stored materials, segregating the duties of employees who handle materials and materials reports, and establishing an accurate recording system for materials purchases and issues. Only authorized personnel should be permitted in material storage areas, and procedures
Words: 3646 - Pages: 15
