User Account

All Pages

Way to explain accounting to a non-accountant

Assignment Help Accounting Basics
Reference no: EM1365166

What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?

Reference no: EM1365166

Questions Cloud

How three-fourths of them agreed with a number of statement : A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
Evolution of health care economics : Describe the history and evolution of health care economics and the timeline of health care funding, using the terms economics, supply and demand, microeconomics, macroeconomics, elasticity, inelasticity, and Gross Domestic Product.
Compute effective annual interest rate : A bank offers your Corporation a revolving credit arrangement for up to $60 million at an interest rate of 1.52% per quarter. The bank also needs you to maintain a compensating balance of 6% against the unused portion of credit line.
Elucidate how industry consolidation has impacted : Elucidate how industry consolidation has impacted the company and make projections about the long-term prospects for the company.
Way to explain accounting to a non-accountant : What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?
Healthcare organization and traditional businesses : For many years, healthcare organizations, as well as traditional businesses, have been frustrated that high customer satisfaction scores do not necessarily lead to higher levels of profitability or sales. Explain why this inconsistency tends to ex..
Calculate eps and cash dividend : Calculate the firm's 2003 earnings per share (EPS). How large a per share cash dividend did the firm pay on common stock during 2003?
Market growth of a neighborhood urgent care medical center : Use the wheel of retailing concept to explain the evolution and market growth of a neighborhood urgent care medical center that treats minor emergencies. You may want to include an attachment with the visual of the wheel with your response.
Find the time that the arrow spends in the air : Find out the time that the arrow spends in the air.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cash and stock dividend journal entries

The books of Conchita Corporation carried the following account balances as of December 31, 2010. Prepare the journal entries required for the dividend declaration and payment assuming that they occur simultaneously.

  Refunding of note payable

Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.

  Write the appropriate audit report

Write the appropriate audit report, assuming you believe the departure from GAAP is material but not enough to cause you to give an adverse opinion.

  Sox framework-business model fraud in financial accounting

Examine how the SOX framework can prevent business model fraud in financial accounting and managerial accounting.

  Petty cash transactions for rockin gyrations

Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Michael Martell, fund custodian, signs the following petty cash tickets:

  Determining projected ending retained earning balance

What is the projected ending retained earning balance of march 31, 2012, assuming that 2010 was their worst year of business?

  Accounting rate of return

What is the internal rate of return? What is the accounting rate of return based on the initial investment? What is the payback period?

  Alpha and beta divisions of fraternity corporation

The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.

  Economic order quantity-cater company

Carter Company orders 250 units at a time, and places 15 orders per year. Total ordering cost is $1,100 and total carrying cost is $1,100. Which of the following statements is true?

  Bond entries-held-to-maturity securities

On January 1, 2006, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. Prepare the journal entry at the date of the bond purchase.

  Evaluate performance by accrual basis

How does the use of the accrual basis help organizations to better evaluate their performance over time? What protection could financial statements generated under the accrual basis have to a potential donor in the organization?

  Physical counts of inventory

Periodically reconciling the physical counts of inventory to total counts reflected in accounting records by using someone who does not handle inventory or record purchases is considered to be:

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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