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Introduction y Principle Involved: Periodicity- entity s life can be subdivided into equal time periods for reporting purposes. y Problems: 1. Users need timely information…

Business Acc week 7

1.TOPIC 7 PRINCIPLES OF INTERNAL CHECKS2. In Your Textbook... Roshayani Arshad, et al. (2007),Financial Accounting An Introduction , 2 ndEdition, Malaysia, McGraw Hill .…

Documents The Adjusting Process ACG 2021 Chapter 3. Accounting period concept: Cash basis –Revenues and...

Slide 1The Adjusting Process ACG 2021 Chapter 3 Slide 2 Accounting period concept: Cash basis –Revenues and expenses are reporting the income statement in the period in…

Documents Copyright © 2007 Prentice-Hall. All rights reserved 1 The Adjusting Process Chapter 3.

Slide 1 Copyright © 2007 Prentice-Hall. All rights reserved 1 The Adjusting Process Chapter 3 Slide 2 Copyright © 2007 Prentice-Hall. All rights reserved 2 Objective 1…

Documents Chapter 17 Statement of Cash Flows Slides Authored by Brian Leventhal University of Illinois at...

Slide 1 Chapter 17 Statement of Cash Flows Slides Authored by Brian Leventhal University of Illinois at Chicago FINANCIAL REPORTING & ANALYSIS 2e REVSINE – COLLINS…

Documents © The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 3-1 3 Reporting and Preparing...

Slide 1 Slide 2 © The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin Slide 3-1 3 Reporting and Preparing Financial Statements Slide 3 © The McGraw-Hill Companies,…

Documents Adjusting Entries and Closing Process Module 4. SAP 2007 / SAP University Alliances Introductory...

Slide 1 Adjusting Entries and Closing Process Module 4 Slide 2 SAP 2007 / SAP University Alliances Introductory Accounting Explain the purpose of adjustments.Outline the…

Documents Chapter 3 Preparing Financial Statements. 123456789101112 1234 Annually 12 Monthly Quarterly...

Slide 1 Chapter 3 Preparing Financial Statements Slide 2 123456789101112 1234 Annually 12 Monthly Quarterly Semiannually The Accounting Period Jan FebMar Apr MayJunJulAugSepOctNovDec…

Documents Chapter 3. Differentiate between accrual and cash-basis accounting 2Copyright (c) 2009 Prentice...

Slide 1 Chapter 3 Slide 2 Differentiate between accrual and cash-basis accounting 2Copyright (c) 2009 Prentice Hall. All rights reserved. Slide 3 3 Accrual Basis Revenues…

Documents Managerial Accounting - 2.1 Measuring Business Income: The Adjusting Process Chapter 3.

Slide 1 Managerial Accounting - 2.1 Measuring Business Income: The Adjusting Process Chapter 3 Slide 2 Managerial Accounting - 2.2 It’s Just Lunch ä Disappointed by blind…