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PHILADELPHIA ART MUSEUM
Security Operations Budget
June 15, 2017
Building Acct. Codes
o An org which basic resources (inputs) are assembled and processed to provide goods or
services (outputs) to customers
o Difference between the amounts received from customers and the amounts paid for the
inputs to provide the
Class, in order to earn full credit in the discussion threads each week, youll
need to post three high-quality responses. This will include on main
response (to one of the discussion options below) and two peer responses
(my follow-up questions count as w
Merchandizers accounting is more complex than service businesses, since service businesses have no
o The process by which a company spends cash, generates revenues, and receives cash
either at the time the revenues are
Chapter Three The Adjusting Process
Revenue should be recorded when its earned
Accounting Period Concept
o Requires that revenues and expenses be reported in the proper period
o GAAP used to determine the proper period
Requires the accrual basis of accou
Hi Bala. You did a great job distinguishing between temporary and permanent accounts! Temporary
accounts include our income statement accounts as well as withdrawals or dividends. Meanwhile, our
permanent accounts are basically our balance sheet accounts.
Pg 153, example of how adjusted balance, balance sheet, statement of owners equity, and income
statement flow together
Prepared directly from the adjusted trial balance
Shows the revenues and the expenses
Expenses are usually list
Basic Accounting Systems
The methods and procedures for collecting, classifying, summarizing and reporting a
businesss financial and operating information
3 Step process which accounting systems change as business grows
Chapter 13 Discussion Options
1. Discuss the characteristic of corporations and their related organization
There are five main characteristics of a Corporation concerning accounting.
Limited liability What this means is that the owners of the corporation,
Chapter 2 Analyzing Transactions
o The record that shows the increases and decreases in each accounting equation element
as a separate record
o Has 3 Parts (Called a T account)
Name of the accounting equation element
A space for recordi
Class, how might a company with a long operating cycle need to manage their working capital differently
than a company with a short operating cycle?
The operating cycle is roughly the amount of time it takes for a firms cash to be
converted into products,
Chapter 1 Discussion Options
1. Describe the types and forms of businesses, how businesses make
money, and business stakeholders.
There are three types of businesses: service, merchandising, and manufacturing
businesses. Service businesses, as the name im
Principles of Accounting
S1 External 2013
Accounting and Corporate Governance
Delivery and Resources
Policies and Procedures
Dr. Turners statement seems to be missing some information. It is highly unlikely
that a new business had $100,000 in pure profit. Bank statements are based on
reported earnings and conform to GAAP standards. However, there is more too
Unit 8 Assignment 2
May 17, 2016
Sanders Construction Co. specializes in building replicas of historic houses. Brett Sanders, president of
Sanders Construction, is considering the purchase of various items of equipment on July 1, 2014
Arlington Company is constructing a building. Construction began
on January 1 and was completed on December 31. Expenditures
were $4,000,000 on March 1, $3,300,000 on June 1, and
$5,000,000 on December 31. Arlington Company borrowed
1. Question :
For share appreciation rights, the measurement date for computing
compensation is the date
the rights mature.
the shares price reaches a predetermined amount.
0 of 4
Your answer is correct.
Busytown Corporation, which manufactures shoes, hired a recent college graduate to
work in its accounting department. On the first day of work, the accountant was
assigned to total a batch of invoices with the use o
These are the automatically
computed results of your exam.
Grades for essay questions, and
comments from your instructor, are
in the "Details" section below.
Grade Details - All Questions
Date and Time Started:
*Brief Exercise 11-2
Lockard Company purchased machinery on January 1, 2014, for $162,640. The
machinery is estimated to have a salvage value of $16,264 after a useful life of 8 years.
Your answer is correct.
Compute 2014 depreciation expense using the st
Berry & Associates LLP
March 7, 2017
AC555: Accounting Information Systems
Unit1 Assignment 1
Berry & Associates LLP 1-21
Berry & Associates LLP
Would it make the most sense for Robert to consider developing new types of clients
or to consi
Go to the Course Resources page within the CourseSpecific Resources section. The Course Resources
page is under Course Home.
Complete your Title page on this tab.
Please include your name, the course, the date,
9. Explain Common Organization Controls-Financial
Liquidity-The ability to generate cash to pay bills.
Leverage-The ability to earn more in returns than the cost of debt.
Asset management-The ability to use resources efficiently and operate at minimum
In the project, we have discussed the growth performance of the two companies
named as Oxley Holdings Limited and Wing Tai Holdings Limited. In the group
study, a major focus is given over assessing various aspects of the companies such as
its liquidity p