He is grateful to Timothy Miller and Mario Beltran of NOVA Information Systems for explaining important institutional details and to Lee Cohen and Victoria L. Messman for research assistance. L ike most consumers, you probably take your credit and debit card transactions for granted. You and others like you carry millions of cards and use them billions of times annually. But unless a transaction goes awry, you rarely think about how your cards work. In fact, a great deal happens after you produce
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What is accounting? 1. Bookkeeping 2. Users of accounting information 3. The accounting equation Assets = Fixed Assets + Current Assets • Fixed assets = Land & Building, Plant & Machinery, Furniture & Fitting, Equipment, Motor Vehicle & etc. • Current assets = Stock, Debtors, Bank & Cash Liabilities = Current Liabilities + Long Term Liabilities • Current liabilities = Creditor, Short term loan (less than one year) • Long term liabilities = Long term loan
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Pre-Test 1. Financial accounting is an information system that: tracks and records an organization's business transactions 2. Jeff Brown is the sole owner of Shoe Central, a small shoe shop. One day, he buys a used car for his personal use, and pays $2,000 from his checking account. The fact that this transaction has no effect on Shoe Central's financial accounts is an application of the: 3. Jeff Brown, owner of Shoe Central, a small shoe store, buys cleaning supplies for his store once
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------------------------------------------------- http://www.realestateindia.com/home-loans/home-loan-procedure.htm ------------------------------------------------- Home Loan Procedure With the increasing competition in the market for offering Home Loans, the otherwise tedious process of availing loans has gone a tremendous change in the recent years. However, there is still some process involved in the procurement of Home loan. It is advisable for you to first look at the different stages required
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Introductory Accounting TOPIC: What is Accounting Lecture 2: The Accounting Cycle COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been reproduced and communicated to you by and on behalf of the University of New South Wales pursuant to Part VA of the Copyright Act 1968 (the Act). The material in this communication may be subject to copyright under this Act. Any further copying or communication of this material by you may be the subject of copyright
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Oracle® Inventory Consigned Inventory from Supplier Process Guide Release 12 Part No. B31583-01 December 2006 Oracle Inventory Consigned Inventory from Supplier Process Guide, Release 12 Part No. B31583-01 Copyright © 2003, 2006, Oracle. All rights reserved. Primary Author: Susan Saperstein Contributing Author: Greg Comlish, Janardhan Gidijala, John Salvini, Lina Valesquez The Programs (which include both the software and documentation) contain proprietary information; they are provided
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bookkeeping and the process is called double entry. Particular method follows the rule of accounting equation and maintains that every debit has a corresponding credit entry. Source documents Source documents are the original evidences in which all the information about business transactions are documented. The examples of this kind of documents are listed below. • • • • Sales invoices Cash receipts Credit notes Deposit slip Original books of entry All data from the source
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2013 Ric Hedges Accounting Cycle Houston Federal Credit Union is a financial institution in Sugar Land, TX and is responsible for providing financial services for its members. The accounting cycle at the organization is a typical cycle of any standard financial institution. The procedures of the accounting cycle must be in the guidelines set forth by GAAP. The employees of the organizations accounting department confirm with the rules and standards within GAAP, and each employee is responsible
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Publishing Publishing F3 INT Study Text Financial Accounting ACCA Publishing ACCA Distance Learning Courses Learn quickly and efficiently Using a blended learning approach, our distance learning package will steer you towards exam success. Our aim is to teach you all you need to know and give you plenty of practice, without bombarding you with excessive detail. We therefore offer you the following tailored package: • Access to our dedicated distance learning website – where
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Accounting Cycle Paper ACC/421 September 12, 2011 Accounting Cycle Paper The accounting cycle is very important to maintaining orderly transactions within an organization’s accounting records. Companies can simply not just give and receive money without recording the events that lead to the transaction otherwise they would be faced with a night mare when trying to reconcile their records. In my company the accounting cycle is used for accounting transactions that affect the comings and
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