page366, Q 30.4A
The bank columns in the cash book for June 2007
and the bank statement for that month for D Hogan
are as follows:
page 389, Q 32.3A
Identify the following errors and
show the journal entries needed to correct the following errors
Purchases $1,410 on credit from A Ray had been
entered in B Roy's account
error of commission
First, the limitation arise from base on the historical cost method. Since the financial
position are set up on the premise of historical cost or original cost. The estimation of
benefits reductions with the progression of time current value changes a
Why accounting is important?
Accounting is the information system that:
Measures business activities
Processes the information into reports
Communicates the results to decision makers
Accounting is the language of business. Understanding the lan
Assets = Liabilities + Equity
The account equation.
The basic tool of accounting.
It contains 3 categories: Assets, Liabilities, and Equity.
Each category contains account.
The detailed record of all increases and decreases that have
The Adjusting Process
How to update the accounts at the end of the period. This process is called adjusting the books, and it
requires special journal entries called adjusting journal entries.
Accrual Accounting VS Cash-Basis Accounting
There are two ways
Chapter 13: Statement of cash flows
Q: Why we have statement of cash flows?
A: Because the statement of financial position, income statement, and retained earnings statement provide only limited information
about a company's cash flows (cash receipts and
SYLLABUS - PLAN DE COURS 2016-2017
A0. Program name
A3. Track / Delivery mode
Principles of Business Law
Principles of Business Law | English
A4. a. Course titles / language
Chapter 9 : Plant Assets, Natural Resources, and
have a physical substance (a definite size and shape)
are used in the operations of a business
are not intended for sale to customers.
are also called property, plant, and e
Date: November 18, 2016
Name: Papawee TRIRANAOPAS.
1. Please explain which method of motivation you would employ for your staff? Please
give examples how they would be motivated.
I would employ Maslows hierarchy of needs fo
Foreign Direct Investment (FDI)
The ownership and operation or control of a business by an individual or corporation who is a
resident of another country.
Purchase of physical assets or significant amount of the ownership (stock) of a compa
ACFI1003 Tutorial 3 Non Bank Financial Institutions
In this tutorial we will be completing a problem set based on Topic 3 NonBank Financial Institutions .
Topic 3 covered the following learning objectives:
Understand the different types of NBFIs and their
TUTORIAL 4 - CHAPTER 2 Conceptual Framework
1) What is a conceptual Framework?
A conceptual framework is a set of guiding principle. It is a normative theory that
sets out the basic principles to be followed in preparing financial statements. It also
1) The implication of accounting in many of the major corporate collapses has
implications for the theoretical and professional bases of accounting. What are
these implications? Explain how they impact both the theoretical basis of
P( X < 95) = 0.0062
P(95 < X < 97.5) = 0.0994
P( X > 102.2) = 0.1357
For samples of 16 days at the South Asian airport, the sampling distribution of sample
means is the distribution of means from all possible samples of 1
1)Explain what you understand by theory. Would you reject a theory of
accounting on the basis that a particular research study found results
that failed to support the theory? Explain your answer, with particular
reference to Watts & Zimmermans PAT, inclu
TUTORIAL 10 MANAGEMENT ACCOUNTING RESEARCH
1) On what do management accountants spend most of their time? How
does this contradict the traditional view of a management accountant?
The IMA study found that, increasingly, management accountants spent more
GNI data for all countries in Asia
1. Stem and leaf the GNI data for all countries of Asia, describe the shape skewness of the plot,
Stem unit = 1,000
Exercise Operation Activities
Cash from Operating Activities
Josh's PhotoPlus reported net income of 73,000 for 2014. Included in the income
statement were depreciation expense of 7,000 and a gain on disposal of plant
assets of 2,500. Josh's comparative s
You and several classmates are studying for the next accounting examination. They
ask you to answer the following questions.
1. If cash is borrowed on a $50,000, 6-month, 12% note on September 1, how
much interest expense would be incu
A trial balance was extracted from the books of V Baker
and it was found that the debit side exceeded the credit side
by $40. This amount was entered in the suspense account.
The following errors were later discovered and corrected: