Let’s get one thing clear from the outset…this book was written by
someone (me) who has never taken an accounting course in his life.
For that matter I have never had any formal accounting or bookkeeping
Why is this so important to tell you upfront? Because it will either cause
you to throw down the book in disgust and write-off the investment that
you just made, or it will immediately get the message to you that you
don’t need to have an accountant by your side in order to take charge
of the finances of your business! It is absolutely within your grasp.
This book has been written for people whose first language is not English, and who need to use
English in the context of banking and finance. It covers language useful for working in retail
banking, company finance departments and other situations involving financial transactions.
There is a strong focus on the language needed to communicate on financial topics, discuss
financial problems and plan projects. It does not cover rarely-used terms, or academic terms used
by economists. All the language in the book is intended to be accessible to intermediate level
students and above....
revised and updated Second Edition of the guide that lets you turn your adequate practices into Best Practices
Accounting Best Practices provides you with the most advanced techniques and strategies available today to help your business cut costs and improve accounting operations-regardless of your company's size or holdings. Accounting expert Steven Bragg has updated the Second Edition to include fifty new best practices, expanded appendices, and a new chapter on finance.
This paper describes an architecture for differentiation of Quality of Service in heterogeneous wireless-wired networks. This architecture applies an “all-IP” paradigm, with embedded mobility of users. The architecture allows for multiple types of access networks, and enables user roaming between different operator domains.
Advances in Quantitative Analysis of Finance and Accounting (New Series) is
an annual publication designed to disseminate developments in the quantitative
analysis of finance and accounting. It is a forum for statistical and quantitative
analyses of issues in finance and accounting, as well as applications of
quantitative methods to problems in financial management, financial accounting
and business management. The objective is to promote interaction between
academic research in finance and accounting, applied research in the financial
community, and the accounting profession....
This volume provides an analytical framework and operational approaches needed for the implementation of results-based accountability. The volume makes a major contribution to the literature on public management and evaluation. Major subject areas covered in this book include: performance based accountability,
The great Italian Gestalt psychologist Vittorio Benussi was one of the first to be initiated into
the mysteries of experimental psychology by Witasek. Benussi was influenced in particular by
the topic of Witasek's habilitation thesis, which had defended the view that optical illusions
cannot be illusions of judgment, since the same illusion can be present even when we
deliberately do not allow our judgments to be misled by the appearances.
In earlier book chapters, it was noted that the accounting profession uses an “all inclusive” approach
to measuring income. Virtually all transactions, other than shareholder related transactions like
issuing stock and paying dividends, are eventually channeled through the income statement.
However, there are certain situations where the accounting rules have evolved in sophistication to
provide special disclosures.
As the central bank of the United States, the Federal Reserve performs
services for foreign central banks and for international organizations such
as the International Monetary Fund and the International Bank for Re-
construction and Development. The Reserve Banks provide several types
of services to these organizations, including maintaining non-interest-
bearing deposit accounts (in U.S. dollars), securities safekeeping accounts,
and accounts for safekeeping gold. Some foreign off icial institutions direct
a portion of their daily receipts and payments in U.S.
An operating budget is a combination of known expenses, expected future costs, and forecasted income over the course of a year. Operating budgets are completed in advance of the accounting period, which is why they require estimated expenses and revenues. This lecture introduces you to operating budgets. This chapter presents the following content: Purchases budget, cost of goods sold budget, cost of goods sold budget, specialised service industry budgets, budgeted statement of financial performance.
Chapter 14 - Contemporary approaches to measuring and managing performance. This chapter presents the following content: The purposes of performance measurement, conventional performance measurement, contemporary performance measurement, non-financial measures for operational control, strategic performance measurement systems, does non-financial performance lead to financial performance? benchmarking, warning signs of an inadequate performance measurement system, designing and effective performance measurement system.
Chapter 8 - Testing and documenting systems. In this chapter, you will learn: To understand the need for testing a computer system in an operational environment, to discover the different types of testing, to learn about documenting a system before implementation and training, to learn about the different media used for documentation,...
Chapter 8 - Segment and interim reporting. After studying this chapter, you should be able to: Understand how an enterprise determines its operating segments and the factors that influence this determination, apply the three tests that are used to determine which operating segments are of significant size to warrant separate disclosure, list the basic disclosure requirements for operating segments,...
When you finish this chapter, you should: Identify and describe fixed, variable, and mixed cost behavior; demonstrate the effects of operating leverage on profitability; prepare an income statement using the contribution margin approach; calculate the magnitude of operating leverage;...
Chapter 3 - Operating decisions and the income statement. In this chapter we will discuss how business activities affect the income statement of a company. We will also look at how these activities are recognized, recorded and measured. Finally, we will look at the preparation of an income statement.
Chapter 5: Activity-based costing and management. After completing this chapter, you should be able to: Compute product costs under a traditional, volume-based product-costing system; explain how an activity-based costing system operates, including the use of a two-stage procedure for cost assignment, the identification of activity cost pools, and the selection of cost drivers; explain the concept of cost levels, including unit-level, batch-level, product-sustaining-level, and facility-level costs;...
Chapter 12: Responsibility accounting, operational performance measures, and the balanced scorecard. After completing this chapter, you should be able to: Explain the role of responsibility accounting in fostering goal congruence, define and give an example of a cost center, a revenue center, a profit center, and an investment center; prepare a performance report and explain the relationships between the performance reports for various responsibility centers,...
This chapter explains why managerial accounting is important to the future careers of all business students. It answers three questions: What is managerial accounting? Why does managerial accounting matter to your career? What skills do managers need to succeed? It also discusses the importance of ethics in business and corporate social responsibility.
Alberto Condor has an eye for quality. He recently formed an art gallery where he allows artists to display their artwork for sale. Customers buy the artwork through the gallery, but payments are actually made payable directly to the originating artist. Artists, in turn, pay Albert a 20% commission that is appropriately reflected as revenue of the gallery.
Following is Albert’s trial balance after the first year of operation. This trial balance does not reflect the adjustments that are necessary, as described by the additional infomation....