Contract Costing is a difficult one for accounting.
Basics of which, can be seen in this PPT. I hope it will help to understand what is Contract Costing and how its accounting can be done. Please Like if it proves to be helpful for you.
Contract Costing is a difficult one for accounting.
Basics of which, can be seen in this PPT. I hope it will help to understand what is Contract Costing and how its accounting can be done. Please Like if it proves to be helpful for you.
TAG Presents Construction Job Costing and Accounting for AGCTAG
TAG | The Accounting Group | TAG provides outsourced accounting and software for the construction industry. As part of the Construction Financial Management Series, TAG hosted "Job Costing and Accounting" for the San Diego Chapter of the Association of General Contractors. visit www.teamtag.net to learn more about services for the construction industry.
The article gives an overview of what are accounting source documents and what are their goals, content, and examples.
#manufacturing #manufacturer #accountingsource #mrpeasy #manufacturingsoftware #mrp #erp #erpsystem #mrpsoftware
The Accounts Payment Cycle represents the sequence of all essential steps that must be followed by the production, purchasing/procurement, and accounting departments to complete all activities required for the procurement of goods and services comprising three major phases.
Part of the induction course for students undertaking diploma and degree in environmental lab science, public health, Analytical Chemistry, Applied Biology, Medical Lab Sciences and Food Technology.
TAG Presents Construction Job Costing and Accounting for AGCTAG
TAG | The Accounting Group | TAG provides outsourced accounting and software for the construction industry. As part of the Construction Financial Management Series, TAG hosted "Job Costing and Accounting" for the San Diego Chapter of the Association of General Contractors. visit www.teamtag.net to learn more about services for the construction industry.
The article gives an overview of what are accounting source documents and what are their goals, content, and examples.
#manufacturing #manufacturer #accountingsource #mrpeasy #manufacturingsoftware #mrp #erp #erpsystem #mrpsoftware
The Accounts Payment Cycle represents the sequence of all essential steps that must be followed by the production, purchasing/procurement, and accounting departments to complete all activities required for the procurement of goods and services comprising three major phases.
Part of the induction course for students undertaking diploma and degree in environmental lab science, public health, Analytical Chemistry, Applied Biology, Medical Lab Sciences and Food Technology.
Accounts Payable/Accounts Receivable
Special Project
Policies and Procedures for Ensuring the 3-Way Match Occurs before Paying Invoice
This Special Project is worth 100 points and is due no later than June 7th, the date of the final exam. This is not a group project. Each student is required to prepare individual responses. A deduction of 20 points will be made for evidence of joint preparation. Late assignments will be given no points.
I would expect responses to vary in length but do not anticipate anything less than 3 pages.
Instructions:
Now that you are somewhat familiar with the payables function in QuickBooks, you no doubt realize that the software does not include a feature that ensures a three-way match is made/has been made prior to paying an invoice. It is largely a manual process.
You first job as the newly appointed head of the Accounts Payable department is to devise an internal process (i.e. “desk procedures”) to ensure that invoices are not paid unless and until a three-way match happens. You have access to company purchase orders and the shipping/receiving department forwards you the packing slips with the quantities verified (or discrepancy reports when the received quantities do not agree with purchase order quantities). Choose a company that you want.
The policies and procedures should be drafted as follows:
Responsibilities
The Controller/Chief Accountant is responsible for …..
The Head of Accounts Payable (you) is responsible for …..
Accounts Payable Personnel are responsible for ….
Shipping and Receiving is responsible for ….
Purchasing Department is responsible for ….
Procedures (Procedures usually follow the process flow)
1. The Purchasing Department will ensure that copies of all executed purchase orders are entered into the “Vendors/Create Purchase Orders” section of QuickBooks within two working days from date of execution. Purchase order information will contain, at a minimum,
a. Inventory item number and description
b. Unit price
c. Expected ship date
d. Terms of the sales
e. All agreed to additive costs including freight-in, handling, sales tax, etc.
f. The buyer name and phone number
g. The seller contact name, phone number, and email.
2. The Shipping/Receiving Department will ….
3. Etc etc
Here is just an example, yours should not be totally the same. For the exactly similar one I will not grade you.
Accounting 215 – Accounts Receivable/Accounts Payable – Spring 14 2
Page 1 of 4
AP-101
Processing Payments
Prepared By: Accounts Payable
Approved By: Brian Laffey
Effective Date: 10/31/2011
Purpose
• Safeguard the university’s assets by preventing duplicate payments;
• Manage negotiated pricing arrangements
• Process payments in a timely manner to take advantage of earned discounts;
• Comply with escheat laws
• Manage the university’s operating cash for maximum benefit.
Policy
Accounts Payable has the sole authority to process payments using the IIT Banner System except for .
Accounts Payable is the liabilities that a company bears for a short period of time. There are numerous advantages of automation within organizations- especially when it comes to processes involving accounts payable programs. For more information, visit https://www.mastersindia.co/
Even if you did want to branch out into finance and economics, a background in accountancy lays the valuable groundwork for developing broader monetary theories. Accountants can hone their craft through the application of known methodologies.
An accountancy certification is always valuable. You’ll learn how to focus on money management, financial recording and reporting, and the best processes to save cash for a business or sole traders. These skills are desired in every industry. For most accountants, it’s never hard to find work.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
3. Construction Administration
Documents
Construction administration documents are
forms which must be kept as evidence of a
transaction having taken place.
When work is completed, or safety checks
carried out, or material ordered and delivered,
the relevant paperwork must be completed and
copies kept.
These copies become documents and are vital
records which must be filed and stored until an
audit of the job has taken place.
4. Typical examples of these
documents include:
• Order forms.
• Delivery notes.
• Invoices.
• Timesheets.
5. Order Forms
Most builders have accounts with various suppliers
to supply them with the necessary materials to
carry out their work. Usually the builder comes to
an arrangement with the supplier and agrees to
pay their bills within 30 days of receiving the
goods. If that is so, the builder receives a discount
on the bill. This acts as an incentive to the builder
to pay within the agreed time.
To ensure that both people, keep true records the
builder uses an order form. This is completed every
time an order is placed, and a copy is sent to the
supplier and the builder for future reference keeps
copies.
7. Delivery Note
When deliveries are made to a building site or workshop,
they are checked against the order form by someone
designated to do so. This may be a store person, charge
hand or foreman. Each item and quantity is ticked off, and
any mistakes noted.
All materials are checked for damage, and the order number
checked against the delivery note.
Only after everything is checked should the note be signed
and the delivery accepted.
Any discrepancies in the delivery are noted on the delivery
note and the supplier informed.
Copies of the note are kept and filed in the office.
9. Invoices
Once the delivery has been made, the
supplier will send an invoice or bill to the
builder for payment to be made.
The invoice is checked against the delivery
note, then payment is made and the account
settled.
It is common for suppliers to offer a discount
to clients if the bill is paid promptly.
11. Time Sheets
Most firms have some means of recording
the time employees spend at work. The
most common way is a time sheet. Each
employee has to complete a time sheet
every week, so that his employer has a
record of the time he has spent at work.