General ledger

Chapter 4  Recording Transactions and Adjustments and Performing Month-end and Year-end Closing Procedures Options A, B, and C. This chapter has three options depending upon your previous experience with a manual version systems project called the Systems Understanding Aid, written by the same authors as this computerized project. Option A is for students who have not used the Systems Understanding Aid before. Option B is for students who have completed the Systems Understanding Aid before

1) Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process? A. Analysis B. Identification C. Communication D. Recording 2) Which list below best describes the major services performed by public accountants? A. Cost accounting, production scheduling, recruiting B. Bookkeeping, mergers, budgets C. Employee training, auditing, bookkeeping D. Auditing, taxation, management consulting 3) Which of the

Unit 6 Assignment Eddie Mathis AC410-01, Unit 6 Professor Cochran 12–21. Nolan Manufacturing Company retains you on April 1 to perform an audit for the fiscal year ending June 30. During the month of May, you make extensive studies of internal control over inventories. All goods purchased pass through a receiving department under the direction of the chief purchasing agent. The duties of the receiving department are to unpack, count, and inspect the goods. The quantity

ACC 290 Final Exam Study Guide Let’s get started… Q 8 – Under IFRS Comparative prior-period information must be presented and financial statements must be provided annually. Explanation: See IFRS financial reporting requirement here: http://www.iasplus.com/en/standards/ias/ias1 Q 10 - Similarities between International Financial Reporting Standards (IFRS) and U.S. GAAP include all of the following except: Both IFRS and U.S. GAAP allow revaluation of items such as land and buildings to fair

JUBILEE INSURANCE Use of Actisure Medical Accounting. Alfred Kipruto 4/30/2015   Document Information & Sign-off Sheet About this Document: This document identifies the current system challenges and proposals on the way forward on the Actisure receipting and payment. Author: Alfred K. Kipruto – Project Manager Financial Systems Related Documents: Revision History: Version Changed By Date Revision Description 1.0 Alfred Kipruto 10th April 2015. 1.1 Alfred Kipruto 29th April 2015.

Chapter 7 Homework These problems are not in My Accounting Lab. They can be found in the Textbook Material beginning on page 379. Complete homework using Excel or PDF Working papers (below). Check your work against the homework solutions (below). Turn in your printed homework in class. Practice Problems: Quick Check #1-10 Assigned Problems: E7-13, 19, 20, P7-26A, P7-28A (14 points) Extra Credit: P7-29A (2 points) Accounting Information Systems √ Quick Check Answers: 1. a 2. d 3. b 4. c 5

that are of unusually high value, the auditors will likely spend extra time counting them in inventory, ensuring that they are valued correctly, and tracing them into the valuation report that carries forward into the inventory balance in the general ledger. Test error-prone items. If the auditors have noticed an error trend in prior years for specific inventory items, they will be more likely to test these items again. Test inventory in transit. There is a risk that you have inventory in transit

Action Plan Academic Performance Action Plan My academic performance goal for my Senior year is to maintain a GPA of 3.5. To achieve that, I have determined myself to achieve as minimum grades, two B+ and three A- for this semester and for Spring and Fall of 2017. So far, I have performed quite well on my exams and projects this semester. However, on one class I barely passed my first exam with a 70 even though I felt I was prepared to obtain a much better grade. Therefore, to achieve my goal

Abstract It is career day at school and I have been personally asked to make a presentation to high school students in my hometown about my role as an accountant. Although many of the students will not become accountants, the majority of them will all have to deal with money sometime in their life and they will need to know how to keep track of their money one way or another. That is where accounting will play a role in their lives. The students will know the primary objectives when it comes to

Accounting I (ACCT201 -1503B -08) Instructor: Wendy Aoki Phase 3- Discussion Board Amanda Kranning September 2, 2015 Closing entries is the last part to closing accounts for any type of business. This will allow a company to ready itself for its next fiscal year. When doing so, a business must transfer balances in revenues and expenses to an income summary to the retained earnings account. This will reset all temporary accounts to zero permitting new transactions to occur for the next