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ACC700 Principles Of Accounting For Accountant Skills And Ethics  

Pages : 17 | Type : Essay

Answer: Introduction Accounting is said to be the language of business for it identifies, analyses, verifies and records the financial transactions in figures and evaluates the net profits and cash flows and brings out the true and fair view of the performance and financial position of the organization. The numbers evaluated helps in understanding the worth of the organization. Hence, it translates the performance of a business from numbers t...

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userWritten By : Mark     postPosted On : Oct 11, 2020     downloadDownload : 0
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ACC700 Principals Of Accounting  

Pages : 9 | Type : Essay

Answer: The customer profitability reports for all the 5 customers of Louise Fairbern is shown below. The reports include activity-based customer-cost report, distribution channel cost report and a customer-profitability analysis for the five customers. Customer Profitability Analysis Particulars Adams Betz Chatham Dedham Elm            ...

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userWritten By : Mark     postPosted On : Apr 24, 2021     downloadDownload : 0

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ACC700 Principles Of Accounting  

Pages : 15 | Type : Essay

Answer: Introduction The global accounting industry is changing rapidly, partly because of productivity optimisation made possible due to advanced technologies. Accountants in present times are no longer pressured with task-centric projects. Rather, owing to the transition in dynamic accounting technology, automation is ruling accounting software programs and the role played by accountants is transforming to that of advisories. As digital tec...

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userWritten By : Mark     postPosted On : Jul 26, 2021     downloadDownload : 0
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ACC700 Principles Of Accounting  

Pages : 14 | Type : Essay

Answer: Introduction In the present time, the business environment is considered more complicated, challenging and fast growing due to high competition and up-gradation in the technologies. Both competition & technological improvements are the important and significant factors that are affecting the current and future of accounting profession. For example, due to the introduction of new/innovative and dynamic technologies/tools/methods, t...

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userWritten By : Mark     postPosted On : Jul 27, 2021     downloadDownload : 0
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ACC700 Principles Of Accounting  

Pages : 15 | Type : Essay

Answers: Undoubtedly, the accounting sector is undergoing a radical transformation and technology lies at the heart of this change. Regular tasks that once consumed hours to complete, and yielded major part of the company’s revenue, are now addressed in a fraction of the time with automation facilitated by cloud accounting software and solutions. The present report takes a deeper look at what this means for accountants and the accounting p...

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userWritten By : Mark     postPosted On : Jul 28, 2021     downloadDownload : 0
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ACC700 Principles Of Accounting  

Pages : 15 | Type : Essay

Answers: Introduction: The accountants have always attempted to exploit the growing technologies for enabling them to finish their tasks in an accurate fashion. These include tablets of the Sumerian scribes through including machines of the 19th century to calculators and computers of the 20th century. However, all such advancements in technology are simple propositions by contrasting with myriad technologies reshaping the global business and a...

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userWritten By : Mark     postPosted On : Sep 02, 2021     downloadDownload : 0
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ACC700 Principles Of Accounting  

Pages : 12 | Type : Essay

Answer: Introduction Accounting is an art of classifying transaction on the basis of their transactions and then presenting the same in a proper manner in the financial statements. It can also be classified as an information system that passes collects and diverts information of the accounting nature of a entity.  With overall development in technology and growth I this field, it has led to several changes on the method of accounting. It...

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userWritten By : Mark     postPosted On : Sep 24, 2021     downloadDownload : 0
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ACC700 Principles Of Accounting  

Referencing Styles : APA | Page : 1 | Type : Essay

Question: Budgeting (production, RM, Labour, Cash) Anjana expects to begin the coming year with 2,000 units of a specific product in finished goods inventory. It expects to sell 5,000 units and end the year with 4,000 units in FG inventory. Calculate the number of the products budgeted for production in the coming year 5,000 + 4,000 – 2,000 = 7,000 (units) Each unit of production requires 2kgs of Raw Material. The company expect...

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userWritten By : George Adames     postPosted On : Feb 16, 2021     downloadDownload : 0

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