VIDEO CASE 7 MASTERCARD: GOING UPSCALE Check, cash, or credit card? How many times have you heard that question and replied “credit card” without even thinking about it? When you do think about it, however, credit cards are a relatively new phenomenon. Yet when it comes time to pay, it seems we’re more likely to use the credit card (and to have several of them) than checks or cash. Indeed, some writers have even suggested that, in the not so distant future, we will all operate with “plastic
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Topic Eight: Direct Deposit and Payroll Cards Course Manual for Payroll Practice and Management Online Series 2010 All rights reserved Author: Vicki M. Lambert, CPP Vicki M. Lambert, LLC Introduction Direct deposit is an application of the system known as Electronic Funds Transfer (EFT). This is a system by which commercial payments are made electronically instead of using paper instruments such as checks or drafts. Direct deposit of an employee's wages is extremely popular among employers
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CASE STUDY 1: FLAT CARGO BERHAD: AN AUDITOR’S CONUNDRUM A. INTRODUCTION OF THE CASE There are many puzzling issues that could occur in the process of auditing a listed company. These issues could be created either intentionally or the other way around. Therefore, an objective analysis is needed to clear the puzzles especially if the auditors wish to curb fraud cases among their clients. In the case of Flat Cargo Berhad (FCB), the auditor has found some inconsistencies in
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equipment, natural resources, and intangible assets FASB 147 specifies that intangibles from the banking industry are covered by FASB 144 rules: Long-term customer relationship assets such as Depositor-relationships intangible assets Borrower-relationships intangible assets Credit card holder Intangible assets When should impairment be recognized? Testing each asset each period would be too costly
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period, so , accountant has to pass them when these actually occurred . Adjusting entry of closing stock is needed to determine the correct value of gross profit and cost of goods sold . After passing this adjusting entry , closing stock will go to credit side of trading account and after this gross profit can be calculated . Adjusting entry of depreciation is needed to determine the correct value of net profit , fixed asset and financial position. Because we can not pass this entry regularly because
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Accounting Demystified This page intentionally left blank Accounting Demystified Jeffry R. Haber, Ph.D., CPA American Management Association New York • Atlanta • Brussels • Chicago • Mexico City • San Francisco Shanghai • Tokyo • Toronto • Washington, D.C. Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association
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Chapter-1 INTRODUCTION 1.1 Background of the Study The MBA Dissertation program is a required course for the students who are completing MBA from Stamford University Bangladesh. In our economy, there are mainly three types of schedule commercial banks are in operation. They are Nationalized Commercial Banks, Local Private Commercial Banks and Foreign Private Commercial Banks. All Bank has discovered a new horizon in the field of banking area, which offers different General Banking
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profit-sharing ratio. Step3. Close such assets and liabilities accounts as have been taken over by the firm: for closing the assets account that have been taken over by the new firm, we need to debit new firm account and credit the respective assets account. For closing the liabilities account, debit liabilities and credit new
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completion is actually a permanent process. Here are the main rules of leading a General Journal * The General Journal is called the book of original entry. * A journal is a chronological record of transactions - they are in date order. * Each entry is called a journal entry, and represents a different business transaction. Each transaction is recorded once, and only once. * All journal entries follow the rules of debit and credit. Here is legal aspect of making General Journal entries
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STENEFORD MANJENGWA 520151129C742F1EE6368 COURSE NAME: DEVELOPMENT OF CURRICULUM DESIGN Financial Accounting ATLANTIC INTERNATIONAL UNIVERSITY TABLE OF CONTENTS Introduction ………………………………………………………….3 History ……………………………………………………………….3
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