Unit 2 Financial Transactions
•Download as PPTX, PDF•
1 like•885 views
The document discusses key accounting concepts like assets, liabilities, equity, income, and expenses. It provides examples of how business transactions affect accounts - such as taking out a loan which increases assets and liabilities, or an owner withdrawing cash which decreases assets and equity. It also defines important terms like profit as income exceeding expenses, and explains the differences between income/expenses and cash received/paid.
Report
Share
Report
Share
Recommended
03.the accounting equation
The document discusses key accounting concepts including the accounting equation, assets, liabilities, owner's equity, revenues, expenses, and transactions. It also summarizes how companies use this accounting information to prepare four core financial statements: the income statement, statement of financial position, statement of cash flows, and owner's equity statement. Each financial statement serves a distinct purpose in analyzing a company's financial performance and position over a given period of time.
Internal and external users of financial information
This document discusses the internal and external users of accounting information. External users such as creditors, stockholders, vendors, and government agencies rely on accounting information to make important financial decisions but have limited access to it. Internal users directly involved in running the business use the information to improve performance and profitability. The needs of internal users include employees, purchasing managers, and production managers who use it to monitor costs and ensure quality.
1 ledger posting
The document summarizes journal and ledger posting concepts and procedures. It provides examples of journal entries for capital contributions by partners and transactions involving cash, purchases, sales, and other accounts. It then explains the key aspects of ledger accounts including their format and the posting process to transfer journal entries to respective accounts in the ledger. Procedures for compound journal entries and advantages of the ledger are also outlined.
Accounting cycle
The accounting cycle describes the process of recording, classifying, and summarizing business transactions. It involves sourcing documents, recording transactions in a journal, posting entries to ledgers, preparing a trial balance, and ultimately generating financial statements including a trading and profit/loss account and balance sheet. These steps ensure accuracy and equality between debits and credits.
Receivables
The document discusses various topics related to reporting and analyzing receivables:
1. It identifies the different types of receivables as accounts receivable, notes receivable, and other receivables.
2. It explains how accounts receivable are recognized in accounts through journal entries and discusses methods for valuing and accounting for bad debts, including the allowance and direct write-off methods.
3. It describes how notes receivable are recorded through journal entries, including recognizing, valuing, and disposing of notes receivable.
Rules of debit and credit
The document is a chapter from an accounting textbook that discusses analyzing transactions and the basics of double-entry accounting. It introduces accounts, the rules of debit and credit, and how transactions are recorded in journals and T-accounts to update the balances of asset, liability, equity, revenue and expense accounts. It provides examples of common transactions recorded, such as cash deposits and withdrawals, purchases, expenses and revenue. The overall purpose is to teach students the fundamental principles and mechanics of double-entry accounting.
Financial reporting presentation_1
The document discusses key concepts related to financial reporting including:
1) Financial reporting provides formal records of a company's financial activities primarily for external users like shareholders and internal users like management. Annual reports contain key documents like directors reports and financial statements.
2) There are various forms of business organization but joint stock companies have features like limited liability, transferable shares, and elected management through directors.
3) The objective of financial reporting is to provide useful information to investors and creditors to make decisions about providing resources to an entity. Reports are limited and users need other sources of information as well.
Ch07
This chapter preview discusses cash and receivables. It begins by defining cash as the most liquid asset and examples of cash. It describes how to report cash and related items such as cash equivalents, restricted cash, and bank overdrafts. It then defines receivables as claims against customers and others. It identifies the different types of receivables such as accounts receivable and notes receivable. It discusses accounting issues related to recognition and valuation of accounts receivable and notes receivable. Finally, it outlines the learning objectives of the chapter which include identifying cash items, reporting cash and receivables, and understanding special topics related to receivables.
Recommended
03.the accounting equation
The document discusses key accounting concepts including the accounting equation, assets, liabilities, owner's equity, revenues, expenses, and transactions. It also summarizes how companies use this accounting information to prepare four core financial statements: the income statement, statement of financial position, statement of cash flows, and owner's equity statement. Each financial statement serves a distinct purpose in analyzing a company's financial performance and position over a given period of time.
Internal and external users of financial information
This document discusses the internal and external users of accounting information. External users such as creditors, stockholders, vendors, and government agencies rely on accounting information to make important financial decisions but have limited access to it. Internal users directly involved in running the business use the information to improve performance and profitability. The needs of internal users include employees, purchasing managers, and production managers who use it to monitor costs and ensure quality.
1 ledger posting
The document summarizes journal and ledger posting concepts and procedures. It provides examples of journal entries for capital contributions by partners and transactions involving cash, purchases, sales, and other accounts. It then explains the key aspects of ledger accounts including their format and the posting process to transfer journal entries to respective accounts in the ledger. Procedures for compound journal entries and advantages of the ledger are also outlined.
Accounting cycle
The accounting cycle describes the process of recording, classifying, and summarizing business transactions. It involves sourcing documents, recording transactions in a journal, posting entries to ledgers, preparing a trial balance, and ultimately generating financial statements including a trading and profit/loss account and balance sheet. These steps ensure accuracy and equality between debits and credits.
Receivables
The document discusses various topics related to reporting and analyzing receivables:
1. It identifies the different types of receivables as accounts receivable, notes receivable, and other receivables.
2. It explains how accounts receivable are recognized in accounts through journal entries and discusses methods for valuing and accounting for bad debts, including the allowance and direct write-off methods.
3. It describes how notes receivable are recorded through journal entries, including recognizing, valuing, and disposing of notes receivable.
Rules of debit and credit
The document is a chapter from an accounting textbook that discusses analyzing transactions and the basics of double-entry accounting. It introduces accounts, the rules of debit and credit, and how transactions are recorded in journals and T-accounts to update the balances of asset, liability, equity, revenue and expense accounts. It provides examples of common transactions recorded, such as cash deposits and withdrawals, purchases, expenses and revenue. The overall purpose is to teach students the fundamental principles and mechanics of double-entry accounting.
Financial reporting presentation_1
The document discusses key concepts related to financial reporting including:
1) Financial reporting provides formal records of a company's financial activities primarily for external users like shareholders and internal users like management. Annual reports contain key documents like directors reports and financial statements.
2) There are various forms of business organization but joint stock companies have features like limited liability, transferable shares, and elected management through directors.
3) The objective of financial reporting is to provide useful information to investors and creditors to make decisions about providing resources to an entity. Reports are limited and users need other sources of information as well.
Ch07
This chapter preview discusses cash and receivables. It begins by defining cash as the most liquid asset and examples of cash. It describes how to report cash and related items such as cash equivalents, restricted cash, and bank overdrafts. It then defines receivables as claims against customers and others. It identifies the different types of receivables such as accounts receivable and notes receivable. It discusses accounting issues related to recognition and valuation of accounts receivable and notes receivable. Finally, it outlines the learning objectives of the chapter which include identifying cash items, reporting cash and receivables, and understanding special topics related to receivables.
CHAPTER 2 Recording Business Transactions
This document discusses key accounting concepts such as accounts, ledgers, debits and credits, journals, and trial balances. It provides examples to illustrate how to record business transactions using double-entry accounting. Specifically, it shows a journal entry to record an initial investment in a business. It also demonstrates how to post journal entries to accounts in the general ledger and prepare a trial balance to check the equality of debits and credits.
Sole Trader & Partnership.pptx
1. A business is an organization that offers goods and services in exchange for money. Businesses have key functions like production, marketing, financing, managing human resources, and research and development.
2. There are three main categories of businesses: sole proprietorships, partnerships, and limited companies. A sole proprietorship is owned and run by one person who has unlimited liability. Partnerships are owned and managed by two or more people who share profits and responsibilities.
3. A partnership agreement jointly shares decision making. Partners have unlimited liability and must share profits. While partnerships have more access to financing than sole proprietorships, they also have to share profits.
Introduction to Financial statements - Accounting
Financial statement introduction and its elements.
There are three fundamental financial statements used in accounting.
The income statement shows revenues and expenses.
The balance sheet is a listing of all asset, liability, and equity account balances that do not appear on the income statement.
The statement of cash flows shows how the company receives and spends its cash.
Accounting equation
Basic Accounting Equation
Assets
Liabilities
Owner’s Equity
Investment
Drawing
Revenue
Expenses
Explanation of the transaction
Introduction to accounting
Accounting is the technique of recording, classifying, and summarizing financial transactions and interpreting the results. It involves recording business transactions in journals and ledgers, grouping like transactions, and preparing financial statements like the trial balance, income statement, and balance sheet. The double-entry system records both aspects of each transaction to ensure accuracy and allow calculation of profit and financial position. Financial accounting focuses on external reporting while cost and management accounting support internal decision making.
Chapter 2.statement of financial position clc
Here are the issues I see with Pete's balance sheet:
1. Drawings should be shown as a reduction to capital, not as an asset.
2. The title should specify it is a balance sheet "as at" December 31, 2005 rather than "for the year ended".
3. The accounting equation is not balanced. Assets should equal the sum of liabilities and capital.
Please let me know if you would like me to review the corrected balance sheet.
Basics of accounting
This document provides definitions and explanations of key accounting concepts and terms. It discusses accounting as a system to record and communicate financial information. Key topics covered include the accounting equation, double-entry bookkeeping system, types of accounts, accounting cycle, journals, ledgers, debits and credits, balancing accounts, and more.
Accounting for General and Special Revenue Funds.ppt
This document discusses accounting for expenses and revenues in governmental funds and at the government-wide level using the modified accrual basis of accounting. It covers recording the budget, encumbrance accounting, accounting for expenditures including payroll, and accounting for revenues and expenses in the governmental funds and activities.
Accounting - Chapter 1
This document provides an overview of key accounting concepts and principles including:
- Accounting measures and communicates financial information as the language of business. It has internal and external users.
- There are three main fields: management, financial, and public sector accounting. Standards are set by groups like FASB, SEC, and AICPA.
- Business organizations can be proprietorships, partnerships, or corporations, each with advantages and disadvantages.
- Key concepts include the accounting equation, GAAP, revenues/expenses, and preparing financial statements like the income statement, balance sheet, and statement of cash flows to evaluate business performance.
governmental and Non profit Accounting chapter 1
This document discusses the key differences between governmental/not-for-profit (NFP) entities and business enterprises. Governmental and NFP entities operate under different legal and financial constraints compared to businesses. They rely on involuntary taxes and voluntary donations rather than sales. Budgets are legally binding for governments and donor restrictions apply to NFPs. Financial reporting focuses on accountability, compliance with budgets/restrictions, and measuring service efforts rather than profitability. Fund accounting and modified accrual basis are used by governments.
Introduction to accounting
This document provides an introduction to the concepts of accounting. It defines accounting as a system that collects and processes financial information to allow informed decisions by users. It discusses the need for accounting to determine results of business transactions and the financial position. It outlines the key functions of accounting like identifying, recording, classifying, summarizing, analyzing, interpreting and communicating financial information. It also discusses the accounting cycle and different branches and users of accounting information. Finally, it provides definitions of some basic accounting terms.
Account
The document defines accounting as recording, classifying, and summarizing financial transactions and events to prepare financial statements. It discusses the basic accounting concepts like the accounting equation, assets, liabilities, equity, revenues and expenses. It also explains the key steps in accounting cycle which includes recording transactions, posting to ledger accounts, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance and financial statements, and closing temporary accounts. The accounting cycle aims to generate useful financial information for decision making in the form of income statement, balance sheet, and other financial reports.
Financial Reporting
The document provides information about financial reporting and annual reports for companies. It discusses key components of annual reports including the director's report, financial statements, audit report, income statement, balance sheet, cash flow statement, and statement of owner's equity. It also covers notes to the financial statements, stakeholders' interests in financial statements, qualities and limitations of financial statements, responsibilities for financial statements, misleading financial statements, and consequences of unreliable financial statements.
Assets and liabilities
The document defines assets and liabilities according to a business's balance sheet. Assets are resources owned by the business, such as cash, equipment, inventory, and property. Liabilities are amounts owed, including loans, overdrafts, and unpaid expenses. The accounting equation shows that assets equal liabilities plus equity/capital invested in the business. Examples are given of common assets and liabilities to consider when starting a barber shop or beauty salon business.
Rules of debit and credit
The document discusses the rules of debit and credit in accounting. It defines debit as meaning the left side of an account and credit as meaning the right side of an account. It then provides examples of transactions and whether they are debited or credited according to standard accounting practice. Specifically, it discusses purchases on account or cash, services rendered on account, paying accounts and suppliers, and paying salaries. In all cases, debits increase assets or expenses and credits increase liabilities, revenues, or decrease assets.
ANALYSIS OF FINANCIAL STATEMENTS ch# 03
This document discusses various tools and techniques for analyzing financial statements, including ratio analysis. It explains that ratio analysis involves expressing logical relationships between financial statement items through calculations like percentages. Some common ratios mentioned include current ratio, quick ratio, inventory turnover, debt ratio, and times interest earned. The document also categorizes ratios and discusses what types of questions different ratios can help answer regarding a company's liquidity, asset management, debt, profitability, and market value.
Cash Flow Statement PPT
Cash Flow Statement PPTWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
The Cash Flow Statement translates earnings in the Income Statement into cash inflows. Explained in detail above as a part of the topic “Financial accounting”, is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLPUnderstanding Basics of Financial Statements
Understanding the basic concepts and term used in the Financial Statements.Understanding the ratios used for analyzing the Financial Statements.Discussing factors that drive corporate valuations.
Introduction To Accounting
The document provides an overview of accounting, including its objectives and uses. It discusses that accounting involves recording, classifying, and summarizing financial transactions. It notes that accounting is required wherever money is involved to account for economic resources. The document also outlines the basic accounting equation of Assets = Liabilities + Owner's Equity and discusses key accounting concepts such as revenues, expenses, assets, liabilities, the double-entry system. It explains that accounting provides important financial information to various stakeholders like owners, management, creditors, investors, and governments.
Analyzing and Recording Transactions
Here are the journal entries for the transactions:
A. Debbie ordered shelving worth $750.
Debit: Shelving $750
Credit: Accounts Payable $750
B. Debbie's selling price on a gallon of milk is increased to $3.25.
No journal entry needed.
C. A customer buys a gallon of milk paying cash.
Debit: Cash $3.25
Credit: Sales $3.25
D. The shelving is delivered with an invoice for $750.
Debit: Accounts Payable $750
Credit: Cash $750
The accounting events that will be recorded are transactions A, C, and D since they involve
Financial transaction tax small is beautiful (english)
The document discusses financial transaction taxes and makes three key points:
1) The volume of financial transactions has grown rapidly in recent decades, reaching about 70 times world GDP in 2007. However, the financial crisis reduced trading volumes by around half.
2) Only a few countries currently have financial transaction taxes in place. Proponents argue they could raise revenue and reduce harmful transactions, while critics say the costs outweigh benefits.
3) A small financial transaction tax may be justified to limit socially undesirable transactions that contribute to systemic risk. However, targeted remedies are preferable to address specific issues.
4chapter38
The document summarizes the digestive and excretory systems. It describes the stages of digestion starting in the mouth and continuing through the esophagus, stomach, pancreas, liver, and small and large intestines. It then discusses the key roles and structures of the kidneys in the excretory system, including filtration and reabsorption of waste, and how the kidneys help regulate water content in the blood and maintain homeostasis.
More Related Content
What's hot
CHAPTER 2 Recording Business Transactions
This document discusses key accounting concepts such as accounts, ledgers, debits and credits, journals, and trial balances. It provides examples to illustrate how to record business transactions using double-entry accounting. Specifically, it shows a journal entry to record an initial investment in a business. It also demonstrates how to post journal entries to accounts in the general ledger and prepare a trial balance to check the equality of debits and credits.
Sole Trader & Partnership.pptx
1. A business is an organization that offers goods and services in exchange for money. Businesses have key functions like production, marketing, financing, managing human resources, and research and development.
2. There are three main categories of businesses: sole proprietorships, partnerships, and limited companies. A sole proprietorship is owned and run by one person who has unlimited liability. Partnerships are owned and managed by two or more people who share profits and responsibilities.
3. A partnership agreement jointly shares decision making. Partners have unlimited liability and must share profits. While partnerships have more access to financing than sole proprietorships, they also have to share profits.
Introduction to Financial statements - Accounting
Financial statement introduction and its elements.
There are three fundamental financial statements used in accounting.
The income statement shows revenues and expenses.
The balance sheet is a listing of all asset, liability, and equity account balances that do not appear on the income statement.
The statement of cash flows shows how the company receives and spends its cash.
Accounting equation
Basic Accounting Equation
Assets
Liabilities
Owner’s Equity
Investment
Drawing
Revenue
Expenses
Explanation of the transaction
Introduction to accounting
Accounting is the technique of recording, classifying, and summarizing financial transactions and interpreting the results. It involves recording business transactions in journals and ledgers, grouping like transactions, and preparing financial statements like the trial balance, income statement, and balance sheet. The double-entry system records both aspects of each transaction to ensure accuracy and allow calculation of profit and financial position. Financial accounting focuses on external reporting while cost and management accounting support internal decision making.
Chapter 2.statement of financial position clc
Here are the issues I see with Pete's balance sheet:
1. Drawings should be shown as a reduction to capital, not as an asset.
2. The title should specify it is a balance sheet "as at" December 31, 2005 rather than "for the year ended".
3. The accounting equation is not balanced. Assets should equal the sum of liabilities and capital.
Please let me know if you would like me to review the corrected balance sheet.
Basics of accounting
This document provides definitions and explanations of key accounting concepts and terms. It discusses accounting as a system to record and communicate financial information. Key topics covered include the accounting equation, double-entry bookkeeping system, types of accounts, accounting cycle, journals, ledgers, debits and credits, balancing accounts, and more.
Accounting for General and Special Revenue Funds.ppt
This document discusses accounting for expenses and revenues in governmental funds and at the government-wide level using the modified accrual basis of accounting. It covers recording the budget, encumbrance accounting, accounting for expenditures including payroll, and accounting for revenues and expenses in the governmental funds and activities.
Accounting - Chapter 1
This document provides an overview of key accounting concepts and principles including:
- Accounting measures and communicates financial information as the language of business. It has internal and external users.
- There are three main fields: management, financial, and public sector accounting. Standards are set by groups like FASB, SEC, and AICPA.
- Business organizations can be proprietorships, partnerships, or corporations, each with advantages and disadvantages.
- Key concepts include the accounting equation, GAAP, revenues/expenses, and preparing financial statements like the income statement, balance sheet, and statement of cash flows to evaluate business performance.
governmental and Non profit Accounting chapter 1
This document discusses the key differences between governmental/not-for-profit (NFP) entities and business enterprises. Governmental and NFP entities operate under different legal and financial constraints compared to businesses. They rely on involuntary taxes and voluntary donations rather than sales. Budgets are legally binding for governments and donor restrictions apply to NFPs. Financial reporting focuses on accountability, compliance with budgets/restrictions, and measuring service efforts rather than profitability. Fund accounting and modified accrual basis are used by governments.
Introduction to accounting
This document provides an introduction to the concepts of accounting. It defines accounting as a system that collects and processes financial information to allow informed decisions by users. It discusses the need for accounting to determine results of business transactions and the financial position. It outlines the key functions of accounting like identifying, recording, classifying, summarizing, analyzing, interpreting and communicating financial information. It also discusses the accounting cycle and different branches and users of accounting information. Finally, it provides definitions of some basic accounting terms.
Account
The document defines accounting as recording, classifying, and summarizing financial transactions and events to prepare financial statements. It discusses the basic accounting concepts like the accounting equation, assets, liabilities, equity, revenues and expenses. It also explains the key steps in accounting cycle which includes recording transactions, posting to ledger accounts, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance and financial statements, and closing temporary accounts. The accounting cycle aims to generate useful financial information for decision making in the form of income statement, balance sheet, and other financial reports.
Financial Reporting
The document provides information about financial reporting and annual reports for companies. It discusses key components of annual reports including the director's report, financial statements, audit report, income statement, balance sheet, cash flow statement, and statement of owner's equity. It also covers notes to the financial statements, stakeholders' interests in financial statements, qualities and limitations of financial statements, responsibilities for financial statements, misleading financial statements, and consequences of unreliable financial statements.
Assets and liabilities
The document defines assets and liabilities according to a business's balance sheet. Assets are resources owned by the business, such as cash, equipment, inventory, and property. Liabilities are amounts owed, including loans, overdrafts, and unpaid expenses. The accounting equation shows that assets equal liabilities plus equity/capital invested in the business. Examples are given of common assets and liabilities to consider when starting a barber shop or beauty salon business.
Rules of debit and credit
The document discusses the rules of debit and credit in accounting. It defines debit as meaning the left side of an account and credit as meaning the right side of an account. It then provides examples of transactions and whether they are debited or credited according to standard accounting practice. Specifically, it discusses purchases on account or cash, services rendered on account, paying accounts and suppliers, and paying salaries. In all cases, debits increase assets or expenses and credits increase liabilities, revenues, or decrease assets.
ANALYSIS OF FINANCIAL STATEMENTS ch# 03
This document discusses various tools and techniques for analyzing financial statements, including ratio analysis. It explains that ratio analysis involves expressing logical relationships between financial statement items through calculations like percentages. Some common ratios mentioned include current ratio, quick ratio, inventory turnover, debt ratio, and times interest earned. The document also categorizes ratios and discusses what types of questions different ratios can help answer regarding a company's liquidity, asset management, debt, profitability, and market value.
Cash Flow Statement PPT
Cash Flow Statement PPTWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
The Cash Flow Statement translates earnings in the Income Statement into cash inflows. Explained in detail above as a part of the topic “Financial accounting”, is brought to you by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideshareFaccounting
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLPUnderstanding Basics of Financial Statements
Understanding the basic concepts and term used in the Financial Statements.Understanding the ratios used for analyzing the Financial Statements.Discussing factors that drive corporate valuations.
Introduction To Accounting
The document provides an overview of accounting, including its objectives and uses. It discusses that accounting involves recording, classifying, and summarizing financial transactions. It notes that accounting is required wherever money is involved to account for economic resources. The document also outlines the basic accounting equation of Assets = Liabilities + Owner's Equity and discusses key accounting concepts such as revenues, expenses, assets, liabilities, the double-entry system. It explains that accounting provides important financial information to various stakeholders like owners, management, creditors, investors, and governments.
Analyzing and Recording Transactions
Here are the journal entries for the transactions:
A. Debbie ordered shelving worth $750.
Debit: Shelving $750
Credit: Accounts Payable $750
B. Debbie's selling price on a gallon of milk is increased to $3.25.
No journal entry needed.
C. A customer buys a gallon of milk paying cash.
Debit: Cash $3.25
Credit: Sales $3.25
D. The shelving is delivered with an invoice for $750.
Debit: Accounts Payable $750
Credit: Cash $750
The accounting events that will be recorded are transactions A, C, and D since they involve
What's hot (20)
Accounting for General and Special Revenue Funds.ppt
Accounting for General and Special Revenue Funds.ppt
Viewers also liked
Financial transaction tax small is beautiful (english)
The document discusses financial transaction taxes and makes three key points:
1) The volume of financial transactions has grown rapidly in recent decades, reaching about 70 times world GDP in 2007. However, the financial crisis reduced trading volumes by around half.
2) Only a few countries currently have financial transaction taxes in place. Proponents argue they could raise revenue and reduce harmful transactions, while critics say the costs outweigh benefits.
3) A small financial transaction tax may be justified to limit socially undesirable transactions that contribute to systemic risk. However, targeted remedies are preferable to address specific issues.
4chapter38
The document summarizes the digestive and excretory systems. It describes the stages of digestion starting in the mouth and continuing through the esophagus, stomach, pancreas, liver, and small and large intestines. It then discusses the key roles and structures of the kidneys in the excretory system, including filtration and reabsorption of waste, and how the kidneys help regulate water content in the blood and maintain homeostasis.
International Credit and Collections
The document provides tips for establishing an effective international credit policy and managing international debt collections. It recommends treating international credit differently than domestic credit due to additional risks. It also stresses the importance of using trusted and reputable sources for international credit reports and debt collection agencies that have local networks and understanding of laws and customs in other countries.
Foreign Currency Transactions and Financial Instruments
This document discusses foreign currency transactions and financial instruments. It begins by explaining foreign exchange rates, including direct and indirect exchange rates. It then provides examples of how exchange rates impact transactions when a currency strengthens or weakens. The document outlines the accounting for foreign currency transactions, including recording transactions at the spot rate on the transaction date and adjusting balances to the current rate on the balance sheet date. It provides an example to illustrate this two-transaction approach. Finally, it introduces how entities can use foreign currency forward exchange contracts to hedge against currency risk from international transactions.
International Financial Analysis
This document discusses some of the challenges involved in analyzing financial statements from companies operating in different countries. It notes that accounting methods, tax laws, financial systems, and terminology can vary significantly between countries due to differences in social, legal, and accounting policies. To accurately compare companies, one must understand these differences and how they can impact reported values. The document also discusses some international financial reporting standards and challenges analysts face in forecasting earnings per share for foreign companies.
Foreign currency transactions and financial instruments
The slides present lecture on the topic foreign currency transaction. This topic discuss types of foreign currency transactions and their accounting procedures. Further in the discussion financial instruments generated as hedge strategy to foreign exchange transactions is also presented. The slides are intended for students of the subject of Advanced Financial Accounting
Factoring ppt 2003 (1)
The document provides information about factoring and HSBC's factoring services. It defines factoring as the financial transaction where a business sells its accounts receivable to a third party called a factor. It then discusses the key parties and processes involved in factoring transactions, as well as the types of factoring services offered by HSBC, including domestic and international factoring. HSBC aims to be an active partner in managing customers' supply chains and receivables through these factoring products.
Money laundering
Money laundering refers to disguising illegally obtained money to make it appear legitimate. It involves three steps - placement, layering, and integration. Criminals like drug dealers, mobsters, corrupt politicians, and terrorists engage in money laundering to hide the source and destination of funds from illegal activities. Key causes of money laundering include tax evasion, increasing profits from crime, and limited risks of exposure. Money laundering distorts economies, increases corruption and crime, undermines financial market integrity, and risks countries' reputations.
International Business Strategies for Credit Professionals
International Business Strategies for Credit Professionals was presented at the annual Legal Seminar For Credit Professionals, hosted by Kegler Brown in conjunction with NACM – Great Lakes Region and American Subcontractors Association. Kegler Brown global business attorneys Luis Alcalde and David M. Wilson joined Andy Arduini, senior vice president and director of structured trade finance at Huntington National Bank, in presenting the seminar. The presentation covered a multitude of topics, including: due diligence on the foreign borrower/customer; understanding the business and corporate structure of the foreign borrower to better cross-collateralize and obtain guarantees of payment; letters of credit; and export credit insurance.
5. Methods of Payment in International Trade/Export and Import Finance
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
Viewers also liked (10)
Financial transaction tax small is beautiful (english)
Financial transaction tax small is beautiful (english)
Foreign Currency Transactions and Financial Instruments
Foreign Currency Transactions and Financial Instruments
Foreign currency transactions and financial instruments
Foreign currency transactions and financial instruments
International Business Strategies for Credit Professionals
International Business Strategies for Credit Professionals
5. Methods of Payment in International Trade/Export and Import Finance
5. Methods of Payment in International Trade/Export and Import Finance
Similar to Unit 2 Financial Transactions
accountingequation-140308134603-phpapp02 (1).pdf
The document discusses the basic accounting equation of assets = liabilities + owner's equity. It explains that assets are what a business owns, liabilities are what a business owes, and owner's equity is what remains of the assets after subtracting liabilities. Every transaction affects at least two of these accounts to maintain the balance of the equation.
Accounting equation
The accounting equation states that assets are equal to liabilities plus owner's equity. It represents the relationship between what a business owns (assets), what it owes (liabilities), and the owner's claim on the assets (owner's equity). Every transaction affects at least two accounts to maintain the balance of the accounting equation. The equation ensures that the sources of a business's assets are identified as either belonging to creditors (liabilities) or the owner (owner's equity).
Untitled presentation-3.pdf
Accounting involves recording, classifying, summarizing, analyzing, and interpreting financial data. It is important for several reasons: to record transactions since it is not possible to remember all of them; to provide financial information about profits/losses, assets, liabilities, investments, and equity; to aid in decision making; and to provide financial evidence in legal disputes. Capital is the total amount invested in the business by owners and is equal to total assets minus total liabilities. Drawings refer to cash or assets withdrawn by the owner for personal use. Debtors owe money to the business, while creditors are owed money by the business. Bad debts are irrecoverable amounts from debtors and represent a revenue loss. Expenditures are
Introduction to accounting
This document provides an overview of accounting concepts including the five basic account types (assets, liabilities, equity, income and expenses), the accounting equation, and who uses accounting information. Key points include:
- Assets are resources owned that provide future benefits, liabilities are debts owed, and equity is the owners' claim on assets. The accounting equation is Assets = Liabilities + Equity.
- Income increases assets and equity, expenses decrease assets. Common income examples are sales revenue and expenses include supplies and wages.
- Individuals, businesses, investors, creditors, governments and non-profits all use accounting information for purposes like managing finances, evaluating investments, and making decisions.
Accounting
The document provides an overview of accounting concepts including:
- Accounting involves identifying, recording, and communicating economic events through activities like recording transactions, classifying data, and preparing reports.
- Generally Accepted Accounting Principles (GAAP) are the standard framework and guidelines followed for financial accounting.
- The Sarbanes-Oxley Act established requirements for public company management and accounting to ensure accurate financial reporting.
- The basic accounting equation shows that assets must equal liabilities plus owner's equity.
Chapter 3 power point
The document provides instructions on comparing and contrasting the accounting equation with 85% accuracy by balancing the equation, listing and defining its parts, recording increases and decreases to each part, and identifying the effect of business transactions. It defines the parts of the accounting equation as assets, liabilities, and owner's equity. Examples are given of how common business transactions affect the accounting equation parts.
Reading financial statements
This document provides an overview of key financial statements and how to read them, including:
- The profit and loss statement (income statement) shows profitability over time by outlining revenues and expenses. It answers whether a business is making money.
- The balance sheet presents the financial position at a point in time by listing assets, liabilities, and equity (owner's claim on assets). Assets must equal liabilities plus equity.
- The cash flow statement tracks cash inflows and outflows from operating, investing and financing activities to determine if adequate cash is available.
- Financial statements communicate important information to owners, lenders, and investors to assess performance, risks and future potential.
Accounting basic -LFU.Erbil
1. Accounting provides financial information to internal and external users to help them make decisions. It involves recording, classifying, measuring, and communicating financial data.
2. The basic accounting equation is Assets = Liabilities + Owner's Equity. It shows the resources owned (assets), claims against assets (liabilities), and ownership interest (owner's equity) of a business.
3. Transactions affect the basic accounting equation by increasing or decreasing at least one item on each side of the equation.
Accounting
This document discusses accounting concepts and principles including invoices, books of prime entry, the cash book, VAT, financial statements, discounts, the trial balance, and payroll. It provides details on purchase invoices, sales invoices, books of prime entry like sales day books and purchase day books, how the cash book records receipts and payments, double-entry for VAT transactions, components of the statement of financial position, trade and cash discounts, the trial balance, and payroll accounting including wages, salaries, taxes, and benefits.
NCVPS Accounting Week 1
The document provides an overview of accounting concepts including:
1) Accounting involves analyzing, recording, reporting, and interpreting financial information for both internal and external users.
2) The basic accounting equation is Assets = Liabilities + Owner's Equity, which must remain balanced after every transaction.
3) Key transactions like generating revenue increase owner's equity, while expenses and owner withdrawals decrease owner's equity.
Pharmacy.pptx
The document describes three types of business activities:
1) Service businesses that provide services to customers and have no goods inventory, with a shorter operating cycle.
2) Merchandising businesses that buy and sell goods, having only finished goods inventory and a longer operating cycle.
3) Industrial businesses that transform raw materials into finished goods, having raw materials, work-in-process, and finished goods inventory, with restaurants and bakeries as examples. The type of activity relies primarily on the business's main source of revenue.
Accounting short notes
This document provides an overview of basic accounting concepts including:
- Accounting is the art of recording, classifying, summarizing and interpreting financial transactions.
- A transaction is any dealing between two persons involving money or a valuable thing.
- There are three main types of business organizations - sole proprietorship, partnership, and joint stock company.
A C C O U N T I N G F O R N O N C O M M E R C E S T U D E N T S
This document provides an overview of basic accounting concepts including debits and credits, the accounting equation, journal entries, trial balances, trading accounts, profit and loss accounts, and balance sheets. It explains that every transaction has two aspects - a debit and a credit that impact assets, liabilities, or equity. Examples are provided to demonstrate how to analyze transactions and prepare journal entries, trading accounts, profit and loss statements, and balance sheets. Adjusting entries for accrued expenses and revenues are also discussed.
Basics Of Accounting & Book Keeping
This document provides an overview of basic accounting concepts including debits and credits, the accounting equation, journal entries, trial balances, trading accounts, profit and loss accounts, and balance sheets. It explains that every transaction has two aspects - a debit and a credit, which are used to record increases or decreases in asset, liability, and equity accounts. Examples are provided to illustrate how to analyze transactions and prepare journal entries, trading accounts, profit and loss statements, and balance sheets. Adjusting entries for accrued expenses and revenues are also discussed.
B A S I C S O F A C C O U N T I N G & B O O K K E E P I N G
This document provides an overview of basic accounting concepts including debits and credits, the accounting equation, journal entries, trial balances, trading accounts, profit and loss accounts, and balance sheets. It explains that every transaction has two aspects - a debit and a credit that impact assets, liabilities, or equity. Examples are provided to demonstrate how to analyze transactions and prepare journal entries, trading accounts, profit and loss statements, and balance sheets. Adjusting entries for items like outstanding expenses and accrued revenues are also discussed.
Chap-1: Accounting in Action
We take references from The book of Accounting Principals which is written by (Weygandt Kimmel Kieso)
201 lec03
Transaction analysis involves collecting transaction data, determining the effects on accounts in the accounting equation, and recording debits and credits in the general journal. A transaction is an event that results in a change to at least one balance sheet item such as an asset, liability, or equity account. The accounting equation of Assets = Liabilities + Equity must be kept in balance by recording equal debits and credits for each transaction.
Double entry systme
After reading this topic you should be able to understand
1-Double Entry System
2- Accounts and their classification
3- Rules of Debit and Credit
Accounting Equation
The accounting equation shows that a firm's assets are always equal to its liabilities plus owner's equity. It is based on the dual aspect concept where every transaction has equal debit and credit effects. The accounting equation always holds true as it is affected by transactions that may increase or decrease either one or two sides of the equation by equal amounts. Examples are provided to illustrate how common business transactions impact the accounting equation components of assets, liabilities, and owner's equity.
Similar to Unit 2 Financial Transactions (20)
A C C O U N T I N G F O R N O N C O M M E R C E S T U D E N T S
A C C O U N T I N G F O R N O N C O M M E R C E S T U D E N T S
B A S I C S O F A C C O U N T I N G & B O O K K E E P I N G
B A S I C S O F A C C O U N T I N G & B O O K K E E P I N G
More from Jenny Hubbard
CCA Chapter 7
The document discusses depreciation rates for three cars: a 2010 Fonda Concord EX depreciating at 6% per year, a 2010 Padillac Escalate depreciating at 22.5% per year, and a 1967 Fyord Rustang appreciating at 10% per year. It tasks the reader with generating representations of the value of each car over time and determining which car Jeralyn should buy based on value retention from 2010 to 2012.
Chapter 6 HW Answers
This document contains sample problems and solutions from a high school algebra 1 textbook chapter on statistics. It includes questions about analyzing scatterplots and linear models, finding patterns in sequences, solving systems of equations, factoring quadratic expressions, and other statistical and algebraic concepts. The problems range from 6-4 to 6-104 and cover topics such as linear and geometric sequences, linear and quadratic functions, factoring, systems of equations, and analyzing scatterplots and linear models.
Chapter 5 HW Answers
This document contains examples and exercises related to sequences from Chapter 5 of a Core Connections Algebra 1 textbook. It includes:
- Examples of sequences defined by explicit formulas with specified terms calculated
- Graphs of sequences
- Identifying patterns in sequences as arithmetic, geometric, or other
- Applying sequence formulas to word problems
- Determining domains and ranges of sequences
CCA Chapter 4 HW Answers
This document contains math problems and solutions from a high school algebra 1 textbook. It covers topics like systems of equations, functions, exponents, distributions, graphs, and word problems. The problems are presented along with the step-by-step work or solutions. Key concepts covered include solving linear equations, evaluating expressions, identifying functions, graphing lines, and applying algebraic rules and properties.
Chapter 2 Linear Functions
The document provides answers and solutions to problems from a chapter on linear functions in an algebra 1 textbook. It includes worked out solutions showing calculations and graphs for problems involving finding rates of change, calculating slopes and y-intercepts of lines, determining equations from graphs or tables of values, and applying linear functions to real-world word problems.
Chapter 1 Functions
The document provides homework corrections and answers for various algebra problems from Chapter 1 on functions from Orcutt Academy High School's algebra 1 course, including corrections to homework problems, lab answers, and additional practice problems with worked out solutions shown.
Unit 4 Saving and Investing PPT
This document provides an overview of an assignment for a high school accounting and finance class to create an investment plan project. Students will create a Google Slides presentation on their investment plan consisting of 13 slides covering topics like investment personality, retirement needs, asset allocation, stock and bond selections, index/mutual fund choice, and a conclusion. The project aims to teach students to analyze their financial goals and risk tolerance to develop a personalized, diversified portfolio. Students will present their plan to parents/guardians and submit an evaluation form for grading.
Unit 4 The Accounting Cycle
This document discusses the accounting cycle and key accounting documents and processes. It covers source documents like invoices and receipts, accounting journals that record transactions chronologically, T-accounts that make up the general ledger, balancing T-accounts, the trial balance process, and the four main financial statements: the income statement, statement of owner's equity, balance sheet, and statement of cash flows.
Unit 3 Debits and Credits
Here are the journal entries for Bell's Computers transactions:
1. Capital $60,000
Bank $60,000
2. Equipment $7,000
Bank $7,000
3. Drawings $200
Bank $200
4. Bank $14,000
Income $14,000
5. Debtors $30,000
Income $30,000
6. Bank $4,000
Rent Expense $4,000
7. Bank $1,500
Supplies Expense $1,500
Unit 6 Renting vs. Buying
This document discusses various factors to consider when deciding whether to rent or buy a home. It covers the advantages and costs of renting, as well as assessing readiness to buy a home and determining how much money can be borrowed for a mortgage. Key factors discussed include existing debt, income, interest rates, down payments, closing costs, and more. The document provides examples to calculate maximum borrowing amounts and estimates of various homeownership costs.
Unit 6 Renting vs. Owning
This document discusses various factors to consider when deciding between renting and owning a home. It covers the costs and advantages of both options over the long run. When considering buying a home, homeowners must determine how much they can afford to borrow from lenders. This depends on their income, existing debt, and interest rates. Buyers also need to save for a down payment, closing costs, and ongoing housing expenses like property taxes, insurance, and maintenance. Fixed-rate and adjustable-rate mortgages each have pros and cons to evaluate. Understanding total monthly costs is essential for determining readiness to purchase a home.
Calculating Simple and Compound Interest
This document provides information about simple and compound interest. It defines simple interest as interest paid only on the principal amount without considering accumulated interest over time. The simple interest formula is shown as Interest = Principal x Rate x Time. Compound interest is interest calculated on the initial principal and also on previously accumulated interest over multiple compounding periods. The compound interest formula is shown, which calculates the ending amount based on the principal, interest rate, time in years, and number of compounding periods per year. An example of using the compound interest formula to calculate the ending amount of $500 invested at 8% compounded quarterly over 2 years is provided.
Intro Unit Workforce Readiness
This document provides information about connecting personality types to career clusters. It discusses John Holland's theory that people are happier in careers that match their personality types. The document then defines six main personality types (Doer, Thinker, Creator, Helper, Persuader, Organizer) and provides descriptions and examples of careers that may match each type. Later sections guide students through identifying their own personality traits, interests, skills and choosing a career to research based on their identified personality type. It also provides instructions for creating graphs to display career data from websites like Salary.com.
Intro Unit Workforce Readiness
This document provides information about connecting personality types to career clusters. It discusses John Holland's theory that people are happier in careers that match their personality. The six main personality types are described as Doer, Thinker, Creator, Helper, Persuader, and Organizer. Examples of careers that correspond to each personality type are listed. The document then guides the reader through an exercise to identify their own personality type and provides tips for researching careers that match their unique personality.
Unit 3 Debits and Credits
This document provides an overview of accounting concepts including financing, investing, the accounting equation, debits and credits, T-accounts, and different types of accounts. It discusses how financing occurs on the right side of the accounting equation and represents sources of money, while investing occurs on the left side and represents the use of money. The key accounting equation assets = liabilities + owner's equity is also explained. Common account types are defined including assets, liabilities, owner's equity, revenues/gains, and expenses/losses. The document also demonstrates how transactions are recorded using debits and credits in T-accounts and journals.
Unit 1 The Accounting Equation
The document discusses the accounting equation of Assets = Liabilities + Equity and key concepts related to the equation. It explains that the accounting equation must remain balanced at all times due to double-entry bookkeeping, where every transaction affects a minimum of two accounts. Assets are defined as resources controlled by a business that are expected to provide future economic benefits. Liabilities represent obligations that will require future outflows from the business. Equity belongs to the owners and represents their claim on any remaining assets after liabilities are deducted.
Unit 1 The Accounting Equation
The document discusses key concepts in accounting including the accounting equation of Assets = Liabilities + Equity, double-entry bookkeeping, and how various transactions affect the accounting equation. It provides examples of how an owner's investment, borrowing money, purchases, and expenses impact asset, liability, and equity accounts to maintain the balance of the accounting equation.
Unit 1 The Accounting Equation
The document discusses key accounting concepts including the accounting equation, assets, liabilities, and owner's equity. It explains that the accounting equation - assets = liabilities + owner's equity - must always balance due to the double-entry bookkeeping method where every transaction affects a minimum of two accounts. Examples are provided to illustrate how various business transactions impact the components of the accounting equation by increasing or decreasing accounts.
Unit 4 The Accounting Cycle
This document discusses source documents and accounting journals. It defines source documents as the original records of transactions, such as invoices and receipts. It describes the purpose and contents of accounting journals, which record debit and credit entries in chronological order. Journals include explanations of transactions and cross-references to source documents for verification. The different types of specialized journals are outlined.
Victoria and Vanessa Simpson University 2013
Simpson University is a private Christian university located in Redding, California. It has an enrollment of 1,297 students and an 82% acceptance rate. The university offers bachelor's degrees in subjects like psychology, business, communication, and nursing. It requires students to attend chapel twice a week and offers opportunities for missionary work abroad. Simpson University has various athletic teams and a 45% on-campus housing rate for its students.
More from Jenny Hubbard (20)
Recently uploaded
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(GU毕业证书)美国贡萨加大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
How will new technology fields affect economic trade?
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
5 Tips for Creating Standard Financial Reports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
Earn a passive income with prosocial investing
Invest in prosocial funds that earn you an income while improving the world
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptx
SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptxGodwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
An Overview of the Prosocial dHEDGE Vault works
How the prosocial dHEDGE earns you money while saving the world!
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Lecture slide titled Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria - Prof Oyedokun.pptxIndependent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Labour Market Information Council | Conseil de l’information sur le marché du travail
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.Role of Information Technology in Revenue - Prof Oyedokun.pptx
Role of Information Technology in Revenue - Prof Oyedokun.pptxGodwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Lecture slide on the Role of Information Technology in Revenue Generation and Collection
Recently uploaded (20)
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Role of Information Technology in Revenue - Prof Oyedokun.pptx
Role of Information Technology in Revenue - Prof Oyedokun.pptx
Unit 2 Financial Transactions
- 1. Orcutt Academy High School Accounting & Finance *
- 2. * * The owner invests $ *Asset- Bank/Cash increases (+) *Equity- Capital/Drawings (+)
- 3. *The business takes out a loan from a bank. *Asset – Cash increases (+) *Liabilities – Loan increases (+) *
- 4. *Buying equipment with cash *Assets- Cash decreases (-) *Assets- Equipment increase (+) *
- 5. *The owner withdraws cash for personal use. *Asset- Cash decreases (-) *Equity- Capital/Drawings (-) *
- 6. * *Profit *Income *Income on Credit (Debtor) *Accrual
- 7. *Profit: the positive amount you are left with when your total income exceeds your total expenses. *The Profit Motive: You start a business to make money! *Income – Expenses = Profit *Financial Performance *How well a business is doing *Based on profits *
- 8. *Profits belong to the owner, so… *More Profit = More Owner’s Equity *
- 9. *The event that results in money flowing into the business. *NOT the same as cash. *Examples of income: *Sales *Services rendered *Interest received *Rent received. *
- 10. *
- 11. *Income on Credit = Debtor *Remember… Debtors are assets *Example *“Services rendered on account” *Provided services, but were not paid cash yet *
- 12. *Income is recorded when the event (sale or service) occurs- not when cash is received. *If a sale is made in October, but cash is received in January, the income is recorded in October. *Income is NOT the same as cash. *
- 13. *The events that result in money flowing out of the business. *Examples of expenses: *Salaries and wages *Telephone *Water and electricity *Insurance *Repairs *
- 14. *Expenses are the opposite of income. *More expenses means less profit, which means less for the owner. *
- 15. *Just as income is not the same as cash received... *Expenses are not the same as cash paid... *
- 16. *Record expense when the event occurs. *Decrease Equity (-) *Increase Liabilities *Creditors (+) *
- 17. *“On account” refers to credit transactions *Income on account = debtor *Expense on account = creditor *