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In accounting terms both M and K mean thousand?
K is the shorthand form for thousands, for example £27k = £27,000 M is the shorthand form for millions, for example $84.2M = $84,200,000
What is a synonym for novice?
rookie, inexperienced or not having knowledge of something. for example: a lawyer studying accounting will surely be a novice at first but he later learns
What is an example of a T diagram?
A T diagram, often used in accounting, is a visual representation of debits and credits in a ledger account. For example, a Cash account T diagram would have "Debit" entries on the left side, showing increases in cash, and "Credit" entries on the right side, indicating decreases. This simple format helps in tracking transactions and ensuring that the accounting equation remains balanced.
What is the difference between bachelor of science and a bachelor of business degree in accounting?
The "science" tag in the various degree programs denotes that the degree holder took a specified "block" of basic science courses such as, for example, Chemistry, Botany, Zoology, Physics, Geology, Mathmatics, etc. One could obtain an Accounting degree with either the "Science" or "Business" tag. If the basic courses prescribed for a Science degree are taken in addition to the Accounting courses, then it would be tagged as a Science degree. On the other hand, if that prescribed block of basic Science courses is not taken, then the degree would be in Business.j3h.
What does it mean to say net of something?
To say "net of something" means to describe a value or amount after accounting for certain deductions or exclusions. For example, "net income" refers to total income after taxes and other expenses have been subtracted. This term is often used in finance and accounting to provide a clearer picture of actual earnings or assets. Essentially, it highlights the result after all relevant costs or factors have been considered.
What is an example of a sentence using the word aspersion?
An aspersion is an attack on the reputation. Don't cast aspersions when you might be suspected of wrongdoing yourself.
What managerial assessments can you make about a company that has a profit and a negative cash flow in the same accounting period?
There are many managerial assessments you could make about a company that has a profit and a negative cash flow in the same accounting period. You could say that there is an error or that temperature changed dramatically for example.
What is a real world example of Managerial Accounting?
A real-world example of managerial accounting is a manufacturing company using cost analysis to determine the most efficient production methods. By analyzing fixed and variable costs associated with different manufacturing processes, the company can make informed decisions about resource allocation, pricing strategies, and budget planning. This information helps management assess profitability and improve operational efficiency, ultimately driving better financial performance.
Example of accounting equation?
The accounting equation is as follows: Assets = Liabilities + Stockholder's Equity
What are accounting entities?
accounting entities are for example a business do not get these mixed up with legal enities
Managerial economics is an art or science.explain?
Both! The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations. On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.
What is principal of accounting?
The most important of the accounting is to comply with generally accepted accounting principles and standards and norms that conducted by accounting organizations. Accounting must have qualities characteristics. With these characteristics, it will be useful to users. Example for characteristics: relevance, reliability and comparability
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
Some example of internal users of accounting information?
Managers
Example of unadjusted trial balance in accounting?
accounts payable
Do they offer online classes in accounting?
There are plenty of university, community college, and vocational schools that offer accounting class online. I look at the University of Phoenix for accounting classes as an example.
What are some providers of online accounting classes?
There are many providers of online accounting classes. For example, the website phoenix.edu provides online accounting classes and so does the website waldenu.edu.
