Explain basic terminology of the accounting process

Assignment Help Financial Accounting
Reference no: EM13144603

You have been asked to speak at a career fair for high school students in your home town.

Specifically, you are making a presentation about your role as an accountant.

Describe for the students the primary objectives of accounting.

Explain the basic terminology of the accounting process or financial reporting.

Explain how accounting has affected your personal life emphasizing professional ethics.

Explain the role that technology has played in small business accounting.

Reference no: EM13144603

Questions Cloud

What is cost of abnormal loss : If the costs per equivalent unit are $2.50 and $4.50 for direct material and conversion, respectively, what is the cost of ending inventory? What is the cost of abnormal loss? How is this cost treated in May
Ideological and social climate : What does the Dreyfus Affair reveal about the ideological and social climate of the late 19th   –   early 20th century?
Produce a brief outline for such a project : Your superb PhD project has earned you a post-doctoral position in a top lab developing puffer fish as a system for studying gene organization. Your goal is to find a puffer fish homologue of a human oncogene (a gene that causes cancer).
Amount of net sales from the transactions : Gold Co. sold merchandise to Bronze Co. on account, $25,000, terms 2/15, net 45. The cost of the merchandise sold is $18,500. Gold Co. issued a credit memorandum for $2,500 for merchandise returned that originally cost $1,900. Bronze Co. paid the ..
Explain basic terminology of the accounting process : Describe for the students the primary objectives of accounting. Explain basic terminology of the accounting process or financial reporting.
Describe what are the molecular and mass densities : Consider H2, D2, and H20, treated as ideal gases at pressures of 1 atm and temperatures of 293.2 K.
Macro-trend analysis : Identify a product offered within an industry. Using the Macro-trend analysis from the readings, identify, discuss and analyze the macro-trends that may impact the industry over the next five years.
What are 3 structural adaptations of an octopus : What are 3 structural adaptations of an octopus and what are 3 behavioral adaptations of an octopus?
What is the half life of the phosphours 32 : After 42 days a 2.0 g sample of phosphorus 32 contain only 0.25 g of the isotopt. what is the half life of the phosphours 32 ?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much gain must the sa general partnership recognize

How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?

  Compute revenue associated with accepting the special order

Anderson Manufacturing makes a single product.  Budget information regarding the current period

  Determining current market yield

Nathan Akpan is planning to invest in a seven-year bond that pays annual coupons at a rate of 7 percent. It is currently selling at $927.23. What is the current market yield on such bonds?

  Determine the expected portfolio return

Determine the expected portfolio return, rp, for each of the 6 years. Evaluate the expected value of portfolio returns, rp, (line over the r) over the 6-year period

  Evaluate the investing cash flows

Evaluate the investing cash flows - consider there were no other non-current assets sold during the period or revalued.

  Prepare the detailed audit plan for examination

Prepare the detailed audit plan for the examination of the three accounts composing the stockholders’ equity section of Pate Corporation’s balance sheet.

  Journal entries required to create and close the warranty

Make the Journal entries required to create and close the warranty period

  Compute the minimum transfer price as well as indicate

Compute the minimum transfer price as well as indicate whether the internal transfer must occur for each of the following- Show your computations to receive credit for your answers

  What are differences in terms of limitations due to basis

S corps and partnerships are both pass through entities, but the pass through rules are NOT identical. What are the differences in terms of limitations due to basis?

  Show analysis of financial statements in terms of ratios

Analysis of Financial Statements in terms of Ratios whether positive or negative.

  Make the necessary adjusting journal entries at december

Make the necessary adjusting journal entries at December 31, 2007, and December 31, 2008 to record depreciation for each year using straight-line depreciation method.

  Decision on lease or buying the home

Decision on lease or buying the home - Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd