2010-09-15 Accruals Question.doc I work for a governmental agency that uses what I have heard is called "modified" accrual accounting. Could you explain what would make it modified? Also, when we carry over expenses from one year to the next we "accrue" t
2010-09-16 Credits to Revenue Refunds and Rebates Questions.doc How do you handle refunds and rebates. are they a debit to revenue and a credit to cash (if cash was returned)? Could rebates be a contra account to revenue or would they be an expense? Is th
Retained Earnings vs Shareholders Earnings vs Owners Equity.doc
I have been trying to understand the difference between retained earnings and shareholders equity. From what I can find is: retained earnings is the amount (or is it a percentage) of net earn
2010-09-15 Temporary Accounts Question.doc Is there any exception to Temporary Accounts include all the accounts on the Income Statement and Owners Drawing? Would a Dividend or a Gain on the Sale of. Accounts also be close out? No, since all the accounts
design discipline is the set of activities that determine the structure of a specific information
system that fulfills the system requirements.
File or database design