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Accounting and Bookkeeping: D. Bookkeeping and Accounting Cycle

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D Bookkeeping and Accounting Cycle. Bookkeeping and Accounting Cycle. Accounting Cycle: Step One. Accounting Cycle: Step Two. In addition to the general ledger. May also be kept for the wages paid to each employee, for each building or machine owned by the company, and for amounts owed to each of the enterprise's creditors. Accounting Cycle: Step Three. This procedure and those that follow it take place at the end of the fiscal period. Once the trial balance has been prepared successfully, the bookke...

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Accounting and Bookkeeping: I- INTRODUCTION ( ACCOUNTING)

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I- INTRODUCTION ( ACCOUNTING). Is an art (as defined by the some Accountants in the Philippines). Why do accounting was defined as an art? Think of an art or an artist, how could you compare it to accounting? Accounting reports as long as it is accurate, comprehensible, presentable, and not violating. The International Accounting Standards (AIS). And Generally Accepted Accounting Principle or GAAP. Personal record keeping often uses a simple single-entry system. Subscribe to: Post Comments (Atom). B The ...

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Accounting and Bookkeeping: II- HISTORY

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Bookkeeping and record-keeping methods, created in response to the development of trade and commerce, are preserved from ancient and medieval sources. Double-entry bookkeeping began in the commercial city-states of medieval Italy and was well developed by the time of the earliest preserved double-entry books, from 1340 in Genoa. Starting in the mid-20th century, machines—particularly computers—performed many of the bookkeeping functions that are vital to accounting systems. The widespread...Junior Philip...

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Accounting and Bookkeeping: C. Other Financial Statements

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C Other Financial Statements. A third important activity-oriented financial statement is the statement of cash flows. Subscribe to: Post Comments (Atom). What's New in JPIA. Junior Philippine Institute of Accountants. Nepal – South Korea Tax Treaty. JPIA Junior Philippine Institute of Accountants. JPIA Junior Philippine Institute of Accountants. Workers' Compensation Partner - PBOA :. National Federation of Junior Philippine Institute of Accountants Official Website. The American Accounting Association.

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Accounting and Bookkeeping: A. Specialized Accounting

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The second specialized area of accounting is income taxation. Not all accounting involves for-profit organizations. A third area of specialization is accounting for non-business organizations. It is not my first time to pay a quick visit this website,. I am visiting this web page dailly and obtain good data from. My blog post click this site. May 18, 2013 at 2:21 AM. Subscribe to: Post Comments (Atom). What's New in JPIA. Junior Philippine Institute of Accountants. Nepal – South Korea Tax Treaty.

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Accounting and Bookkeeping: A. The Balance Sheet

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A The Balance Sheet. Of the two traditional types of financial statements, the balance sheet relates to an entity's financial position at a point in time. And the income statement relates to its activity over an interval of time. The balance sheet provides information about an organization's assets, liabilities, and owners' equity as of a particular date—namely, the last day of the accounting or fiscal period. The format of the balance sheet reflects the basic accounting equation: Assets equal equities.

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Accounting and Bookkeeping: A. Accounting Reforms

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The SEC selects the chairperson and the other four members of the oversight board. To insulate the board from influence by the accounting profession, only two members may be CPAs, and the chairperson cannot have been a practicing CPA for at least five years prior to the appointment. All board members must work exclusively for the board, and their terms are staggered over five-year periods. March 12, 2012 at 2:16 AM. December 21, 2012 at 11:38 PM. December 24, 2012 at 1:47 AM. June 27, 2013 at 11:32 PM.

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Accounting and Bookkeeping: V- REGULATIONS AND STANDARDS

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V- REGULATIONS AND STANDARDS. Subscribe to: Post Comments (Atom). What's New in JPIA. Junior Philippine Institute of Accountants. Nepal – South Korea Tax Treaty. JPIA Junior Philippine Institute of Accountants. JPIA Junior Philippine Institute of Accountants. Workers' Compensation Partner - PBOA :. National Federation of Junior Philippine Institute of Accountants Official Website. The American Accounting Association. Http:/ www.acaus.org. Subscribe To Accounting updates. I- INTRODUCTION ( ACCOUNTING).

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Accounting and Bookkeeping: B. The Income Statement

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B The Income Statement. In addition to disclosing revenues and expenses (the principal components of income), the income statement also identifies gains and losses from other kinds of transactions, such as the sale of plant assets (for example, a factory building) or the early repayment of long-term debt. Gains or losses that are deemed to be extraordinary—that is, both unusual and infrequent—is so labeled. Subscribe to: Post Comments (Atom). What's New in JPIA. Junior Philippine Institute of Accountants.