Accounting Major Journal Summary

ChaNoel A. Torres Acevedo Intermediate Accounting I Homework: Exercise 3-1: Apr. | 2 | Cash | 30,000 | | | | Equipment | 14,000 | | | | Christine Ewing, Capital | | 44,000 | | | | | | | 2 | No entry—not a transaction. | | | | | | | | | 3 | Supplies | 700 | | | | Accounts Payable | | 700 | | | | | | | 7 | Rent Expense | 600 | | | | Cash | | 600 | | | | | | | 11 | Accounts Receivable | 1,100 | | | | Service Revenue | | 1,100 | | | | | | | 12 | Cash | 3,200 | | | | Unearned Service Revenue | | 3,200 | | | | | | | 17 | Cash | 2,300 | | | | Service Revenue | | 2,300 |

The purpose and goal behind researching the income statements and balance sheets then calculating the ratios is mainly to help creditors and investors make their decisions easier and faster. The way we are presenting our research results helps the investors and creditors make the decision which of the companies is more worthy to invest in or loan money too without taking a risk, and lowering the chances that they will be disappointed by the results of their investment, or in the creditors case they can be almost certain the company they are loaning the money to would be worthy enough of paying the money back without a hassle.

Before reading this book titled Accounting Now by Mark Sasscer, I was merely familiar with a few elements of leadership skills that I obtained from my professional experiences. I recognized that becoming a great leader; one must be confident, communicate effectively, compassionate and be able to solve problems. However after reading this book, I discovered it was essential to have these elements along with other essentials and approach that will improve and reinforce my leadership skills now and in the future. According to Mark Sasscer, there are “Ten principles of Personal Leadership” that a leader can abide in order to be a successful leader. I will describe the ten principles, including my thoughts and the elements that significantly impacted my perception of accountability and leadership.

Thank you for your response. As mentioned previously, I continued to monitor my account through the portal thoughout the previous session. I did not receive an invoice, and was not aware of one until you called. Also, I have access to the ledger, the information requested was the fees per class. You addressed that in the email, thank you. However, I am still not clear on the accounting. If the clas is $561.00 per credit hour, and this course is a 3 hour course, how did you arrive at $2,100.00? The invoice I need is for the class most recently

The importance of the accounting cycle is very significant, when a business, whether it’s a small mom and pop shop or a large corporation, doing the finances will allow them to be able to see where the money is leaving and entering to affect the bottom line income. “So then using step one is key to be able to divide up what was earned and loss into assets, liability, stock holders and so on helps keep one organized. Then after that step is done it is key to keep re checking and confirming everything so that it all makes sense and that there is balance”.

Real Future Accounting, founded by Michael Kummer April 2014, is a new accounting firm located at 5268 Canal Drive in Kennewick Washington. We are Open Monday thru Friday, 8am-8pm. Our professional accountants are standing by, ready to answer any questions that you may have, or to perform any services that you may require. You may also contact us at +1 (509) 555-2525/5252 or through our web page, www.RealFutureAccounting.com. Our mission statement is to ensure that our clients prosper while receiving professional services. We strive to keep our clients informed on any new advances in technology in regards to their finances, such as new apps, or finance software that they can use from their home computers.

In 1973, the Financial Accounting Standards Board (FASB) was created and their mission is “to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.” (FASB.org, 2009a). The FASB is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. Therefore, the FASB plays a vital and important role in protecting the financial well being and the overall stability of our

QuickBooks and Sage 50 Accounting are both great options for small business accounting. These programs help manage business finances which can drastically save time that may have been spent creating Excel spreadsheets and more. However, while both programs are sufficient for small businesses, the programs differ based on what they can offer your company.

3. Out in the business world almost all projects are completed by some type of team or collaborative group of individuals. At the University of Phoenix, you will gain experience with project collaboration in a safe and supportive environment. These skills will carry you through teamings and collaborations on future real world’s projects where success may mean more pay, a promotion, or another major reward or compensation. To assist in the areas involved in teamwork and team building the University of Phoenix provides you with the Learning Team Toolkit. This Learning Team Toolkit is your gateway to materials that will help you achieve greater professional competence as a member and leader of work teams. Go to the Library tab in your student portal and select the link, Read all Aspects of Teamwork located on the right side of the webpage under Learning Team Toolkit. Then, under the category Toolkit Essentials, open the Learning Team Handbook and select which Purpose for Learning Team Benefits is listed.

CHAPTER 12 Statement of Cash Flows Study Objectives 1. Indicate the usefulness of the statement of cash flows. 2. Distinguish among operating, investing, and financing activities. 3.

BSE Veterinary Services is a specialist laboratory that carries out tests on cattle for any possible infection. An increasing demand in beef herd has created an increase in the number of tests that the company needs to carry out. The normal capacity of the company is 12,000 tests while the demand has increased to 18,000 tests, which the laboratory is considering to accommodate. One possible option is to extend the working hours of the technicians by creating an additional shift.

The problem is deciding which of the two companies to invest money in their stock. With so many different stocks to choose from, there is a need to get the most out of investments these days. In order to come up with this decision, research is pertinent. Extensive research must be done by looking at both companies’ financial information in the form of statement analysis, ratio analysis, financial leverage, and comparative analysis, along with a SWOT analysis of both companies and comparing their strategies. The problem is having two very similar companies to choose from, and deciding which is going to be worth investing in the short and long term.

A little business is an undertaking that is typically little in scale as far as number of representatives and/or deals incomes. An expansive lion's share of the organizations in the United State are little business. These organizations are normally enrolled as sole proprietor, which means one individual claims it, or association, which means 2 or more individuals possesses the business.

This report contains information relating to accounting. It talks about the writing and job prospects of accounting and concludes with if I think this career is suitable for me. I will go into detail on why I chose it. I looked up various websites, used a few writing centers, and watched a lecture for an Accounting 121 class and used the information obtained to provide an overview of what accounting requires and what it is like. From this information, I concluded that education is a very important part of becoming an accountant because it is a major part of advancement and promotion. I also found that this is a job I would enjoy doing and that I need to work on my writing and my communication skills in order to get certified and to be more competitive so I can be hired by a good firm.

Organization money is a term that incorporates a sufficient scope of exercises and orders rotating around the administration of cash and other important resources. Financing, essentially lay, is to do something with bringing capital into an association. Organizations can be financed in various courses, each of which gimmicks its own particular focal points, inconveniences and different peculiarities. Basic systems for financing an organization incorporate tackling obligation and exploiting credit game plans, financing through value venture or acquiring pay through speculation items that bear investment or increment in quality. Companies’