1 Balance Sheet
3 Income Statement
4 Income Statement
6 Balance Sheet
7 Statement of Owners Equity
8 Income Statement
income statement,statementof retained earnings, balance sheet and statement of cash fows.
Revenues and Expenses
Assets and Liabilities
Balance Sheet, increases are assets, decreases are liabilities
Abalance sheetwith classifications (gr
The statement of cash flows is used by managers in evaluating past operations and in planning future investing and financing a
Cash flows from operating activities. Cash flows from investing activities. Cash flows from financing activities
The direct and
Safeguard assets, Accurate Information, Compliance
The objective is to cut down on fraud and theft. Yes because it establishes a baseline for all to follow.
Employee fraud is the intentional act of deceiving an employer
Ethics are moral principles that guide the conduct of individuals. The two factors include "Failure of Individual Character" a
The business entity concept limits the economic data in an accounting system to data related directly to the activities of th
Under the cash basis of accounting, revenues and expenses are reported on the income statement in the period in which cash
Under the accrual basis of accounting, revenues are reported on the income statement in the pe
Advantage - Multi step includes gross profit in relation to sales. Disadvantage - Multi Step are more complicated and the to
Subtract the total costs of your goods from the revenues the sales generate to find your gross profit. ros
In a perpetual inventor
Short-term debt, such as purchasing goods or services on account. Long-term debt, such as issuing bonds or notes
a form of an interest-bearing note. Like a note, a bond requires periodic interest payments, with the face amount to
Netincome - preferred Div
1 Safeguarding the inventory from damage or theft. Reporting inventory in the financial statements.
2 A physical inventory or count of inventory should be taken near year-end to make sure that the quantity of inven
3 FIFO LIFO and Weighted Average
Fixed assets are long-term or relatively permanent assets such as equipment, machinery, buildings, and land.
Long-term assetsare those held on a company's balance sheet for more than one year.
Vandalism, Mistakes in installation, uninsured theft, damage d
Total wage payment
Federal income tax witholding
Social security tax
Social Security Tax Payable
Medicare Tax Payable
THE LOCAL GOVERNMENT (URBAN AUTHORITIES)
ARRANGEMENT OF SECTIONS
Short title and commencement.
4. Minister to work for meaningful, democratic local government in urban a
Definition of Government:
Government is a supreme body of the
country dealing with all financial,
administration, legal and liberty issues.
Deals with the overall Countrys issues .
GUIDE TO PREPARING
Financial Policy Assurance Unit
Ministry of Finance
Ro Lalabalavu House
The Fiji Government has adopted a new financial management reform
framework that adopts a performance focus and strengthens account
How to Interpret a Correlation Coefficient r
By Deborah J. Rumsey, PhD from Statistics For Dummies, 2nd Edition
In statistics, the correlation coefficient r measures the strength and direction of a linear
relationship between two variables on a scatter pl
Models, Testing, and Correction of Serial Correlation
James L. Powell
Department of Economics
University of California, Berkeley
First-Order Serial Correlation
The general problem of serially correlated disturbances in the linear regression model
yt = x0t
Accounting for Government Units
Accounting for the Governmental units begins
with the adoption of a budget by the responsible
The budget lists the proposed expenditure and
also the source for the financing those
PUBLIC SECTOR ACCOUNTING
Public sector accounting is necessary because of the central role it plays both politically and in economic terms.
The public sector is composed of the following:
UNIVERSITY OF IRINGA
FACULTY OF BUSINESS AND ECONOMICS
BACHELOR OF ACCOUNTING AND FINANCE (BAF)
PUBLIC SECTOR ACCOUNTING
YEAR THREE - FIRST SEMISTER
29th December 2015
This assignment is a group work of a
Illustration No. 01 (Flash Report):
The following relates to Ministry X during the three months ending 30 th September, 2012.
Meaning of Parliamentary Control of Finances
The Parliamentary Control of Finance
means that it is the Legislature which
controls the Financial affairs of the
This involves controlling the
Public Finance and
THE PUBLIC FINANCE AND ACCOUNTABILITY ACT, 2003
ARRANGEMENT OF SECTIONS
PART I PRELIMINARY.
Short Title and Commencement.
PART II - CONTROL AND MANAGEMENT OF PUBLIC FINANCE.
Payments out of Public Funds may only be made
The Expenditure is Statutory.
The purpose for which the Expenditure is incurred
has been approved by the Parliament through any
Appropriation Act, Supp
A multinational corporation (MNC) or multinational enterprise is an organization that owns or
controls production of goods or services in one or more countries other than their home country.
MNCs are mainly characterized
From the SelectedWorks of riccardo pelizzo
Report on the Public Accounts Committee in
Start Your Own
of New Work
Available at: http:/works.bepress.com/riccardo_pelizzo/63
Country report: The PAC f
Understanding the Budget
Process in Tanzania
A Civil Society Guide
HakiElimu & Policy Forum
The writing of this guide was truly a collaborative effort. A preliminary outline and draft
was written by William
The Government Budget is an
important tool for implementation of
policy decisions to achieve social,
economic and political objectives.
Essentially it involves the
determination of resources and
their use for a
Form of ownership of Business Units.
Business Units in East Africa may be classified into two main groups or
(a) The Private Sector: This consists of business Units owned by private