Accounting Summary Report Angelique Gares BUS599 Introduction to Quantitative Principles Dr. Raju Singh April 12, 2010 . This report is the study of a six day season of a company Tropical Thirst’s lemonade stand and to create a journal of its transactions and produce an income statement and balance sheet into the operation of the business. The summary report will explain the nature of the business based on the number as it relates to the health of the operation. Based on the findings of the
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Managerial accounting is concerned with providing information to managers-that is, people inside an organization who direct and control its operation. In contrast, financial accounting is concerned with providing information to stockholders, creditors, and others who are outside an organization. Managerial accounting provides the essential data with which the organizations are actually run. Managerial accounting is also termed as management accounting or cost accounting. Financial accounting provides
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Accounting Summary Report Curline Registe BUS 599 Instructor Roberts July 14, 2015 Accounting Summary Report Write a three- to four-page accounting summary report (not including the title page) that presents the financial reports for the Lemonade Stand Business. As part of your report include a journal, Income statement, and Balance Sheet. In the business world, Accounting Summary has proven to be a big part of the daily activities of a company. An Accounting Summary can consists of a Journal
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Your friend, Mike, has just purchased a business. Because Mike knows that you have just received your Associate's Degree in Accounting at Kaplan University, he has asked for your help in evaluating the firm. Mike is not asking you to make a decision for him; he just wants you to help provide him with facts as you see them. Your task is to analyze the business and report your findings to Mike. Be sure to tell Mike everything that you can think of that will aid him once he takes over ownership
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assessing the report in its relevant sections. Firstly, the cover sheet identifies the key element of the business name. However, other relevant details such as the author – assumed to be the joint owners Michael Chapman and Elliot Berkley – contact details and a brief statement of the purpose have all been incorrectly omitted. Accordingly, it appears that the cover page of the report is not fulfilling its objective and providing the reader with a comprehensive understanding of the report when first
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| | |Principles of Accounting | Copyright © 2011, 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on the enterprise. Financial information
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R. Jones Strayer University Accounting I Professor Togbenou November 25, 2013 1. Identify and explain the main sections of the annual report. The main sections of the McDonalds Corporations annual report consist of a 6 year Summary which provides the user with a brief overview of how the corporation has done over the previous 6 years which also includes the current year’s annual report. The report shows items that are on other parts of the annual report such as total revenues, net income
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1. Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. True False 2. Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users. True False 3. The primary objective of financial accounting is to provide general purpose financial statements to help external users analyze and
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Job Analysis Title: Assistant Manager Reports to: Owner, Supervisor Summary: The assistant manager at Wagon Wheel will direct and supervise employees engaged in sales, inventory taking, or in performing services for customers. ‘This position will monitor sales activities to ensure that customers receive good service and quality goods. This manager will watch the inventory stock and reorder when inventory drops to a specified level. Hire, train, and evaluate the workers in sales or marketing
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resembles the basic format of the accounting equation, with assets on the left side and liabilities and stockholders’ equity sections on the right side. Account Payable The liability created by a purchase on account. Account Receivable A claim against the customer created by selling merchandise of services on credit. Accounting An information system that provides reports to stakeholders about the economic activities and condition of a business. Accounting Equation Assets = Liabilities
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