Why is it important for you to learn accounting

Assignment Help Accounting Basics
Reference no: EM133506328

Question: Why is it important for you to learn accounting? just pick one for example apply correct balance to accounts transaction and explain why it is important that this transaction be recorded correctly ( what does it affect if the transaction is not recorded or recorded incorrectly)

Reference no: EM133506328

Questions Cloud

Discuss how the accountant can use job order costing : Discuss how the accountant can use job order costing during the production cycle and why it is critical to closely manage cost flow from the manufacturing cost
About managing inventory : Shinji Suzuki would like your help in figuring out the following about managing inventory.
Do you think gaap has ethical implications : Give a brief summary of the article and state if you agree or disagree with the author. Make sure to note your sources and include a complete library
Identify organization in healthcare : Identify an organization in healthcare. (Mayo Clinic), This can be a provider entity, a payor, a professional society, an advocacy group, or government agency.
Why is it important for you to learn accounting : Why is it important for you to learn accounting? just pick one for example apply correct balance to accounts transaction and explain why it is important
Explain why you selected that strategy combination : Explain why you selected that strategy combination. Identify how this strategy will improve operations moving forward
Discuss the necessity of a database administrator : create-a memo to the top management team explaining FIVE (5) advantages of a database management system. Also, discuss the necessity of a database
Discuss two interventions which could be implemented : Critically discuss two interventions which could be implemented to assist Mr Butterworth to achieve this goal. You must explain what is involved in implementing
Discuss three potential exposures or risks within : Discuss THREE (3) potential exposures or risks within the general ledger and financial reporting system, and the FIVE (5) main control issues within that same

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find the net taxable capital gain for tax purpose

Loss on sale of shares : ($4,000) (Cost was 6,000 and proceeds of sale was: $2,000). Find the net taxable capital gain for tax purpose

  Compute amount pina should report as deferred tax liability

Compute the amount Pina should report as a deferred tax liability at December 31, 2017. Deferred tax liability at December 31, 2017.

  Determine the importance of creating and managing health

what is the importance of creating and managing health care revenue centers? select a specific health care revenue

  Closing entries for the capital projects fund

You are a Hometown accountant. The Capital Project Fund has just been created to account for resources received and expended for the construction of a new Health Center.

  Who among the partners will get the first distribution

Under a safe cash distribution plan, who among the partners will get the first distribution? Justify your answer by showing your solution.

  Prepare the closing entries

Rent Expense, $400; Wages Expense, $900; Utilities Expense, $200; and Telephone Expense, $50. Prepare the closing entries

  Calculate the company dividend yield

A company's stock is selling for $108.30 per share at year-end. Calculate the company's dividend yield

  Prepare the journal entry to write off the entire account

Prepare the year-end adjusting journal entry to adjust the Allowance for Doubtful Accounts to the balance you calculated above. Assume the allowance account has an unadjusted credit balance of $ 8,000. Of the customer account balances shown above on ..

  Occurance of future taxable amount

At the December 31, 2007 balance sheet date, Garth Brooks Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2008, a future taxable amount will occur and

  Identify and explain the accounting practices

Identify and explain the accounting practices California Sutter Health used in defining and solving its collection problems

  Determine the amount of joan caregiver tax credit

Joan Barton lives with her husband. His Net Income For Tax Purposes for 2011 is $15,600. Determine the amount of Joan's caregiver tax credit, if any, for 2011

  Compute the estimated inventory

Compute the estimated inventory at May 31, assuming that the gross profit is 25% of sales. Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost.

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