CHAPTRE ONE: ACCOUNTING THEORY Need for accounting ( as an introduction) 1-1Book keeping and accounting. Meaning and definition of book keeping Definition of accounting Differences between book keeping and accounting 1-2 accounting concepts and conventions and basis Accounting concepts Accounting conventions Basis of accounting 1-3the role of accountant in society and its relation ship with other disciplines relationship of accounting with other disciplines role of accountant in society
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✓ Definition of Accounting ✓ Development of Accounting Standard ✓ Purpose of Accounting ✓ Nature and Characteristics of Accounting ✓ Accounting as a Language of Business ✓ Distinction between Accounting and Bookkeeping ✓ Financial Accounting Vs Management Accounting ✓ Accounting Practice in Bangladesh ✓ Accounting Profession in Accounting Field ✓ Accounting Ethics ✓ History of Accounting ✓ Definition of Accounting
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Principles of Accounting Individual Project One XXXXXXXX XXXXXXXX Abstract Accounting has truly proven it’s self as an integral niche in society. Without personal bookkeeping you couldn’t track your bank accounts‚ how much you’re owed or owe to someone. You could not manage your taxes or even simple bills. These simple points alone show how much accounting has become important in the world. It drives business‚ government‚ and even the lowest levels of everyday life. Accounting In
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Differentiate between accounting and bookkeeping: ____accounting is a system of recording‚ classifying‚ ans summarizing financial transactions. Bookkeeping is the recording__part of te accounting process. Bookkeeping must be done daily. ____________________________________________________________________________________________________________________ ___________________________________________________________ 6. List three cardinal rules of bookkeeping: a. Use good penmanship
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Table of Contents Accounting Concepts and policies…………………………………………………………….. 3 – 7 Relevance of accounting concepts and policies on financial report…………….. 7 – 10 Discount allowed and received………………………………………………………………… 11 – 13 Difference between carriage inwards and carriage outwards……………………. 11 – 13 Differences between straight line and reducing balance methods……………… 11 – 13 References……………………………………………………………………………………………… 14 - 16 Introduction Accounting Concepts and Principles These are rules and
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may considered to fraud the public‚ ie) the wall street journal 3. What are the relevant non-ethical (including law and codes of ethics) issues in the situation? The issues in terms of how companies should choose and imply their accounting bookkeeping system. The industry was in a slump and WorldCom’s share price was facing problem. As mentioned by Vinson‚ the entries she was asked to complete is out of logic while the CFO still insisted to do so 4. Who are the relevant stakeholders? What
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The Impact of Modern Day Accounting Systems Mark A. Croskey ACC 205 Principles of Accounting I Instructor: Thomas Amsberry September 12‚ 2011 Accounting and bookkeeping haven’t always been particularly easy to accomplish. In the past‚ before there was mechanized bookkeeping‚ keeping track of financial transactions‚ and their ultimate effect on a business‚ was a matter of sorting transactions into the proper category and recording them by hand into paper ledgers‚ using specialized paper to
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History of Accounting The Origins of Accounting The origins of accoun/ng are in prehistory. Cave dwellers bartered meat for berries and or stone tools and weapons. ??????? • What would you give for 6 Brontosauras steaks? – 4 flints? – 1 spear? – 6 rabbit hides? • The process of
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Service Issues • Pricing Questions • Customer Ordering • Customer Purchase Analytics • Product On Time/Complete Measurement • Product Delivery Complaints • Product Defect Complaints • Customer Record Management Accounting Services • Basic Bookkeeping • Pay Roll • Invoicing • Data Entry • Utility Payments • Billing & Follow Up | Phone Services • Taking Messages • Call Answering & Transfer • Order Taking & Processing • Customer Service • Telephone Support E-mail/Chat Management • Sending
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business world. Without mathematics businesses wouldn’t be able to operate effectively. In order to run a restaurant math plays an important role in a lot of different areas. For instance the items on the menu may change due to the way it sells. Bookkeeping and math allow you to both figures out what items are profitable and what items are selling. The business world revolves around math‚ from profit and loss statements‚ to graphs‚ to taxes. Everything in business requires mathematics. Owning a
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