This is a PowerPoint I created for grade 10 on my second prac. I decided that having students just sit there and listen to me talk about accounting would not create the best learning outcome. Whilst the first few slides of the PowerPoint are them sitting there listening and copying information into their books further down in the PowerPoint the students are getting up from their seats and writing on the white board where the power pint is displayed. This is part of a game where they must fill in the blanks left on one of the 'game slides'. The PowerPoint has also left blanks where the teacher can write on the white board. For example when the class is solving problems for the first time the teacher shows an example of how to do it by writing on the white board, then the class does one together where the teacher writes on the board but with class input.
I hope this example of my previous use of ICT can help other pre-service teachers understand how ICT's can be used in a collaborative matter.
Enjoy! Jescynda.
This is a PowerPoint I created for grade 10 on my second prac. I decided that having students just sit there and listen to me talk about accounting would not create the best learning outcome. Whilst the first few slides of the PowerPoint are them sitting there listening and copying information into their books further down in the PowerPoint the students are getting up from their seats and writing on the white board where the power pint is displayed. This is part of a game where they must fill in the blanks left on one of the 'game slides'. The PowerPoint has also left blanks where the teacher can write on the white board. For example when the class is solving problems for the first time the teacher shows an example of how to do it by writing on the white board, then the class does one together where the teacher writes on the board but with class input.
I hope this example of my previous use of ICT can help other pre-service teachers understand how ICT's can be used in a collaborative matter.
Enjoy! Jescynda.
An expanded version of the accounting equation could be A + .docxikirkton
An expanded version of the accounting equation could be:
A + Rev = L + OE - Exp
A - L = Paid-in Capital - Rev - Exp
A = L + Paid-in Capital + Beginning Retained Earnings + Rev - Exp
A = L + Paid-in Capital - Rev + Exp
In the seller's records, the sale of merchandise on account would:
Increase assets and increase expenses.
Increase assets and decrease liabilities.
Increase assets and increase paid-in capital.
Increase assets and decrease revenues.
In the buyer's records, the purchase of merchandise on account would:
Increase assets and increase expenses.
Increase assets and increase liabilities.
Increase liabilities and increase paid-in capital.
Have no effect on total assets.
A debit entry will:
Decrease an asset account.
Increase a liability account.
Increase paid-in capital.
Increase an expense account.
A credit entry will:
Increase an asset account.
Increase a liability account.
Decrease paid-in capital.
Increase an expense account.
A credit entry to an account will:
Always decrease the account balance.
Always increase the account balance.
Increase the balance of a revenue account.
Increase the balance of an expense account.
A debit entry to an account will:
Always decrease the account balance.
Always increase the account balance.
Increase the balance of a revenue account.
Increase the balance of an expense account.
Sage, Inc. has 20 employees who each earn $100 per day and are paid every Friday. The end of the accounting period is on a Wednesday. How much wages should the firm accrue at the end of the period?
$2,000.
$1,000.
$0.
$6,000.
Which of the following is not one of the 5 questions of transaction analysis?
What's going on?
Which accounts are affected?
Is this an accrual?
Does the balance sheet balance?
Does my analysis make sense?
The effect of an adjustment is:
To correct an entry that was not in balance.
To increase the accuracy of the financial statements.
To record transactions not previously recorded.
To close the books.
A journal entry recording an accrual:
Results in a better matching of revenues and expenses.
Will involve a debit or credit to cash.
Will affect balance sheet accounts only.
Will most likely include a debit to a liability account
Wisdom Co. has a note payable to its bank. An adjustment is likely to be required on Wisdom's books at the end of every month that the loan is outstanding to record the:
Amount of interest paid during the month.
Amount of total interest to be paid when the note is paid off.
Amount of principal payable at the maturity date of the note.
Accrued interest expense for the month.
The accounting concept/principle being applied when an adjustment is made is usually:
matching revenue and expense.
consistency.
original cost.
materia.
ACC 201 Accounting Data Appendix The following events.docxstandfordabbot
ACC 201 Accounting Data Appendix
The following events occurred in March:
·
March 1: Owner borrowed $125,000 to fund/start the business. The loan term is 5 years.
·
March 1: Owner paid $250 to the county for a business license.
·
March 2: Owner signed lease on office space; paying first (March 20XX) and last month’s rent of $950 per month.
· March 5: Owner contributed office furniture valued at $2,750 and cash in the amount of $15,000 to the business.
·
March 6: Owner performed service for client in the amount of $650. Customer paid in cash.
· March 8: Owner purchased advertising services on account in the amount of $500.
· March 10: Owner provided services to client on account, in the amount of $1,725.
· March 15: Owner paid business insurance in the amount of $750.
·
March 20: The owner received first utility bill in the amount of $135, due in April.
·
March 20: Office copier required maintenance; owner paid $95.00 for copier servicing.
·
March 22: Owner withdrew $500 cash for personal use.
·
March 25: Owner paid $215 for office supplies.
·
March 25: Owner provided service to client in the amount of $350. Client paid at time of service.
·
March 30: Owner paid balance due for advertising expense purchase on March 8.
·
March 30: Received payment from customer for March 10 invoice in the amount of $1,725.
·
March 31: Last day of pay period; owner owes part-time worker $275 for the March 16 through March 31 pay period. This will be paid on April 5.
·
March 31: Provided service for client on account in the amount of $3,500.
·
March 31: Record depreciation of the office furniture at $45.83.
image1.png
Chart of AccountsThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you.Asset AccountsLiability AccountsEquity AccountsAcct #Acct #Acct #Cash101Notes Payable201Owner's Capital301Accounts Receivable102Accounts Payable202Owner Draws302Prepaid Rent103Wages Payable203Office Furniture104Office Supplies105Accumulated Depreciation (contra asset)106Revenue AccountsAcct #Service Revenue401Expense AccountsAcct #Rent expense501Business License Expense502Insurance Expense503Repairs and Maintenance504Advertising Expense506Wages Expense507Utilities Expense508Depreciation Expense509CashBaking SuppliesPrepaid RentPrepaid InsuranceBaking EquipmentOffice SuppliesAccounts ReceivableAccumulated DepreciationMerchandise InventoryNotes PayableAccounts PayableWages PayableInterest Payable Common StockDividendsBakery SalesMerchandise SalesBaking Supplies ExpenseRent ExpenseInsurance Exp.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
2. Table of Contents
The Need for Bad Debt Reserve
Accounts Receivable Aging
How to Calculate Bad Debt Reserve
Calculation Workshop
Bankruptcy
How to Lower the Expense
3. Bad Debt Reserve
Why do we reserve for delinquent
accounts?
FASB Statement No. 5 "Accounting for
Contingencies" requires that estimated
losses be accrued against income.
A percentage of outstanding accounts
receivable is our basis for estimating bad
debts. This results in reporting accounts
receivable at their expected net realizable
value on the balance sheet.
4. Bad Debt Reserve
How do we reserve for delinquent accounts?
All open invoices are aged after the branches
have completed month-end close.
Bad debt reserve percentages are then
applied to all open invoices.
A reversing journal entry is then uploaded
into JDE charging the Bad Debt Reserve
Expense you see on the P & L and crediting
allowance for doubtful accounts.
5. Mission Residential & Commercial Invoice
Aging Excluding Commercial Pest
Current
Past Due
Delinquent
Service Suspend
Bad Debt
0-30
31-60
61-90
91-120
121+
days
days
days
days
days
6. Mission Residential & Commercial
Invoice Bad Debt Reserve
Excluding Commercial Pest
0-30
31-60
61-90
91-120
121-150
151-180
181+
days
days
days
days
days
days
0%
X%
X%
X%
X % Manual Bad Debt
X % Manual Bad Debt
X % Manual Bad Debt
7. Example: $X Monthly Residential Pest continued
April month-end
April invoice 124 open ($X)
March invoice 123 open ($X)
Aging Bucket
April $X 0-30
March $X 31-60
Bad Debt Reserve
April
$X
March $X * X% = $X
P & L Impact
Charge to Bad Debt Reserve $X (Reversing
Entry)
9. $100 Monthly Commercial Pest (Auto Bad Debt)
April
$100 Monthly Service Performed
No Payments Received
$100 Monthly Service Performed
No Payments Received
$100 Monthly Service Performed
No Payments Received
$100 Monthly Service Performed
$100 Payment for May Invoice
$100 Monthly Service Performed
$100 Payment for June Invoice
May
June
July
August
Determine monthly P & L Impact, Aging Bucket for each
invoice and account status (i.e. current, past due, etc).
11. July Month-end Worksheet
Invoice Account
Month Status
Aging Current Month Prior Month
Bucket Bad debt
Bad Debt
reserve
reserve
Bad Debt
Write Off
P&L
Impact
July
Current
0 - 30
0
0
0
June
Past Due
31 - 60 $ 100 * X% =
$X
0
0
May
Delinquent 61-90
0
$X
0
$X
April
Service
Suspend
91 120
$ 100 * X% =
$X
- X
0
$X
0
0
13. Bankruptcy
Processing Responsibilities
The branches are responsible for filing proof of claim forms for
any bankruptcy notices they receive. Proof of claims need to be
filed by the date due.
Once a Proof of Claim has been filed with the bankruptcy court,
the branch will receive periodic notices from the court. The only
information you will need to keep is the proof of claim along
with its supporting data.
14.
15. Get Everyone Involved
Are your salesman
collecting the
initial?
Are your
technicians
collecting at the
time of service?
Who is making
collection calls?