The accounting cycle is a systematic process used to help perform the basic function of accounting, which is to identify, record, and communicate information. A business or organization may have its own unique way of performing its accounting cycle, but each must perform the task in one way or another. Alvarez Bookkeeping Services, a small family operated business, has a very simplified version of the […]

Grade 45/50 Managerial Accounting 505 Case Study Week 3 A. What is the break-even point in passengers and revenues per month? Total Per UnitPercent Sales: 160 X 90 $14,400$ 160100% Less variable costs/expenses: . 70 X 90 $ 6,300 $7044% Contribution margin: $ 8,100$9056% Less fixed costs/expense: $3,150,000 Net operating income: $3,141,900 8,100 /14,400 = 56% 100 – 56 = 44% BEP in passengers (fixed […]

The Financial Accounting Standards Board (FASB) developed the United States Generally Accepted Accounting Principles (GAAP) has been used in US corporations for over 75 years. It allows financial statements from all corporations to be compared accurately and efficiently, and serves as a guideline for accountants. GAAP is slowly being taken out for the International Financial Reporting Standards (IFRS) as global business goes across the world. […]

Sage Tutorial Release 5. 3 The Sage Development Team September 10, 2012 CONTENTS 1 Introduction 1. 1 Installation 1. 2 Ways to Use Sage . . 1. 3 Longterm Goals for Sage . . 3 4 4 4 7 7 9 10 13 18 21 24 26 29 33 38 39 41 51 51 53 54 54 55 56 57 58 60 61 62 65 […]

Every day you are faced with many choices – trying to figure out how to best fit in, and at the same time, how to best get discovered. You realize that to advance in your career, you must alignment how others perceive you with the expectations you can be counted upon to consistently deliver. As the workplace evolves, your success is highly dependent upon the […]

I will investigating about two businesses. I will be talking about their ownership, liabilities, main industrial sectors, their core business activities, location, stakeholders, and conflicts of interest. BRIEF DESCRIPTION ABOUT TESCO The tesco I am investigating about is located at Beckton. It is a public limited company that is can sell its shares to the public. This tesco branch has over 150 staff. The reason […]

IS IFRS a better Accounting Standard than US GAAP for achieving good financial reports? This research paper delivers an analysis of determining whether the International Financial Reporting Standards, hereafter known as IFRS, is a better reporting standard than the US Generally Accepted Accounting Principle (GAAP). Financial Statements have to provide high quality financial reporting information with regards to economic entities, primarily financial in nature, which […]

Why does budgeting so of import for an organization? It is a planning and commanding agency for an administration. This tool works successfully merely when it is implemented with due concern. The budget is non merely a cost supervising method but besides a built-in portion in footings of planning and control parts of an administration. It ever aims to accomplish organizational ends and besides motivates […]

1. I don’t think that Jack Bass “entrapped” his students; it just was an excuse for covering the guilty of cheating on the exam for students. Those students should know that cheating on the exam wasn’t fair for any other students who were be honest during the exam and result a failing grade which will be entered and averaged into the final semester grade or […]

What are the attributes of a high quality accounting standard? Globalization is a fact of life in today’s worldwide economy. They are many barriers to achieving a true global market; one of these barriers has to do with accounting standards or the presentation of accounting information. Various users have diverse needs for financial information. Companies in different parts of the world had their own methods […]