financial and accounting job description

... IMPLEMENTING FINANCIAL AND ACCOUNTING SYSTEMS FOR GOVERNMENT CHRISTIAN T SOTTIE THE CONTROLLER AND ACCOUNTANT-GENERAL GHANA INTRODUCTION • Today, strong financial management in the ... legitimacy, produced timely and efficient accounting of public resources, increased government accountability and transparency and made it possible to audit public accounts and strengthen internal ... Formulation and Review Budget Preparation Budget Execution Audit and Evaluation Budget Authorizations Implementation Commitment of Funds Budget Review & Accounting Purchasing Debt and Aid Mgt Payments and

Ngày tải lên: 30/11/2016, 22:30

... economic and financial performance; profitableness; accounting informational system; periodic summary reports; accounting treatments; universities; extra budgetary incomes THE FINANCIAL AND ACCOUNTING ... local and foreign, to scientific knowledge in the field and observing the coordinates on which it is approached, nationally and internationally, the investigated topics THE FINANCIAL AND ACCOUNTING ... considered difficult to understand and abstract, and the related matters and implications quite complex, being insufficiently treated, discussed and explained by specialized works and publications Consequently,

Ngày tải lên: 10/12/2016, 17:15

... The Accounting Environment Accounting Regulators Financial Accounting Standards Board (FASB) Public Company Accounting Oversight Board (PCAOB) International Accounting Standards Board (IASB) Accounting ... accepted accounting principles (GAAP) made by Financial Accounting Standards Board (FASB) – U.S companies • International Financial Reporting Standards (IFRS) made by International Accounting Standards ... implementing plans, and controlling costs Examples of reports: • – Budgets – Cost analyses – Performance reports No standard reports Who Uses Accounting Information? External users (Financial Accounting) :

Ngày tải lên: 08/05/2018, 10:06

... OBJECTIVES • Understand the basic elements, uses, and limitations of the financial statements (FS): balance sheet, income statement, and the statement of cash flows • Recognize the need for financial statement ... 24 • Can we put all financial information in the financial statements? 25 Notes to Financial Statements Summary of significant accounting policies – – assumptions, estimates, and judgments more ... guarantee) Supplementary information required by the Financial Accounting Standards Board (FASB) or the Securities and Exchange Commission (SEC) – quarterly financial information , business segment information

Ngày tải lên: 08/05/2018, 10:07

... Computers Changed the Accounting Cycle? • Allows businesses to calculate vast amounts of data quickly • Eases posting of journal entries and summarizing the data into reports and financial statements ... Adjustingentries entries Preparing Preparingfinancial financialstatements statements Closing Closingthe thebooks books #1: Analysis of Transactions with the Accounting Equation A = L + OE Borrow money ... That is your job! Practice #3 – 42/p 115 Practice • Record journal entries • Posting journal entries to accounts in the ledger • Trial balance • Prepare financial statements Ray and Barbara decide

Ngày tải lên: 08/05/2018, 10:07

... expenses, and unearned revenues • Explain the preparation of the financial statements, the explanatory notes, and the audit report • Complete the closing process in the accounting cycle • Understand ... accounting period • Calendar Year – When an entity closes its books on December 31 Accrual Accounting • What we when transactions span more than one period? • Accrual Accounting! – Revenues and ... correct? • review accounting systems – Would you trust the financial reports prepared in an accounting system that is haphazard, with many missing documents? • Attaches audit report and distributes

Ngày tải lên: 08/05/2018, 10:07

... Disagreements – Accounting judgments – Different incentives • Fraud – Intentional errors – Management manipulates financial statements to deceive investors Accounting Errors • Errors in transactions and ... to ensure stronger and more ethical management 16 The Role of Auditors • Provide a check and balance • Internal Auditors – Ensure integrity in the financial records – Evaluate and encourage adherence ... Confirmation Analytical Procedures (internal and external) (internal and external) (internal and external) (external) (external) • Follow Generally Accepted Auditing Standards (GAAS) 18

Ngày tải lên: 08/05/2018, 10:07

... management fee and "other expenses," including the expenses for maintaining shareholder records, providing shareholders with financial statements, and providing custodial and accounting ... subject to per- interval and to life-of-loan interest rate and/ or payment rate caps. Articles of incorporation Legal document establishing a corporation and its structure and purpose. Asian currency ... decision and the financing decision) from that firm's point of view Corporate financial management The application of financial principals within a corporation to create and maintain

Ngày tải lên: 08/04/2014, 12:07

... of both financial and non -financial transactions Accounting concept is: (a) Theory of accounting (b) Procedures of accounting (c) Rules of accounting (d) Practice of accounting ... Introduction to Accounting Financial Accounting is: (a) Accounting of business transactions (b) Accounting of Financial transactions only (c) Accounting. .. which routed through accounting ... I.M Pandey, Financial Management ,... 2,000 2,000 31 Introduction to Accounting Note: Bank account is having the credit balance 1.12 FINANCIAL VS MANAGEMENT ACCOUNTING Financial accounting

Ngày tải lên: 25/11/2016, 09:29

... external users is A financial accounting B managerial accounting 3 C claims accounting D not-for-profit accounting In a market, _ are conversion agents A businesses B consumers C financial institutions ... use _ to learn about the company A financial accounting information B managerial accounting information C not-for-profit accounting information D both A and C During 2007, Cruz Company earned ... establishing generally accepted accounting principles for businesses in the United States? A the US Congress B the Securities and Exchange Commission C the Financial Accounting Standards Board D the Internal

Ngày tải lên: 09/03/2017, 08:37

... is A financial accounting B managerial accounting C claims accounting D not-for-profit accounting As of December 31, 2007, Bueno Company had $2,000 in liabilities, $8,000 in common stock, and ... Internal Revenue Service Generally accepted accounting principles (GAAP) are measurement rules for A managerial accounting B tax accounting C financial accounting D measuring the cost of goods or ... business D both B and C A stockholder in a corporation would use _ to learn about the company A financial accounting information B managerial accounting information C not-for-profit accounting information

Ngày tải lên: 09/03/2017, 08:37

... internal and external users are forensic accounting and financial accounting managerial accounting and financial accounting managerial accounting and environmental accounting financial accounting and ... entity the Financial Accounting Standards Board must be fair and unbiased in its deliberations over new accounting standards accounting principles must meet the objectives of the Security and Exchange ... analyzed, and reported Which of the following groups are considered to be internal users of accounting information? Employees and customers Customers and vendors Employees and managers Government and

Ngày tải lên: 09/03/2017, 08:48

... misleading financial reporting C The steps in the accounting cycle D The accounting practices authorized by the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Standards ... of Management Accountants C Financial Accounting Standards Board D New York Stock Exchange The Financial Accounting Standards Board is: A Responsible for the review and audit of federal income ... information is generated by a computer based accounting system The principal difference between management accounting and financial accounting is that financial accounting information is: A Prepared

Ngày tải lên: 09/03/2017, 08:48

... the rules of debit and credit in the opposite manner? a.Prepaid Insurance and Dividends b.Advertising Expense and Land c.Dividends and Medical Fees Earned d.Interest Payable and Common Stock The ... the rules of debit and credit in the same manner? a.Revenue from Services and Equipment b.Prepaid Rent and Advertising Expense c.Repair Expense and Notes Payable d.Common Stock and Rent Expense ... increase b.total liabilities and stockholders' equity decrease c.total assets decrease d.total assets remain the same 81 Free Test Bank for Financial and Managerial Accounting 9th Edition Needles

Ngày tải lên: 09/03/2017, 09:25

... the rules of debit and credit in the opposite manner? a.Prepaid Insurance and Dividends b.Advertising Expense and Land c.Dividends and Medical Fees Earned d.Interest Payable and Common Stock When ... the rules of debit and credit in the same manner? a.Revenue from Services and Equipment b.Prepaid Rent and Advertising Expense c.Repair Expense and Notes Payable d.Common Stock and Rent Expense ... sequence of accounting procedures? a .Financial statements, trial balance, ledger, journal b .Financial statements, journal, ledger, trial balance c.Journal, ledger, trial balance, financial statements

Ngày tải lên: 09/03/2017, 09:25

... Bank for Financial and Managerial Accounting 2nd Edition Charles Horngren Multiple Choice Questions - Page Which of the following is likely to be a user of information in a financial accounting ... represent in accounting? A) Globally accepted and accurate policies B) Global accommodation accounting principles C) Generate accurate accounting policies D) Generally accepted accounting principles ... best describes managerial accounting? A) Managerial accounting focuses on information for internal decision making B) Managerial accounting focuses on outside investors and lenders that are not

Ngày tải lên: 09/03/2017, 09:26

... represent in accounting? A) Globally accepted and accurate policies B) Global accommodation accounting principles C) Generate accurate accounting policies D) Generally accepted accounting principles ... user of information in a financial accounting setting? A) Taxing authorities B) Other businesses C) Potential investors D) All of the above Items such as buildings and land are: A) liabilities ... process of creating and/ or using generally accepted accounting principles Which of the following organizations has the primary responsibility for formulating accounting standards? A) FASB B)

Ngày tải lên: 09/03/2017, 09:26

... of their company's financial statements: A Monthly and Quarterly B Quarterly and Annually C Monthly and Annually D CEOs and CFOs are not required to certify to the company's financial statement; ... always the first asset listed, followed by permanent assets (such as land and buildings), and finally by assets such as receivables and supplies C Liabilities are listed before owners' equity D A subtotal ... listed last on a statement of financial position? A Land B Cash C Accounts receivable D Equipment On the statement of financial position, assets are normally presented in and liabilities are usually

Ngày tải lên: 09/03/2017, 09:26

... edition of Standards of Accounting and Financial Reporting for Voluntary Health and Welfare Organizations, and a coauthor of the Museum Accounting Handbook. He served as an advisor to the Financial ... in Not-for-Profit Accounting 373 19.1 Financial Accounting Standards Board 374 19.2 Trends in Not-for-Profit Accounting 380 19.3 New FASB Statements of Financial Accounting Standards that Affect ... Research and Scientific Organizations 369 18.10 Private Elementary and Secondary Schools 371 18.11 Public Broadcasting Stations 371 Chapter 19 The Financial Accounting Standards Board and Future...

Ngày tải lên: 13/03/2014, 23:41

... establishing and improving standards of financial accounting and reporting for business enterprises is the: a. Financial Accounting Foundation (FAF). b. Financial Accounting Standards Board (FASB). c. Financial ... issued standards through its Committee on Accounting Procedure (CAP) and Accounting Principles Board (APB). The Financial Accounting Standards Board (FASB) establishes and improves standards of financial ... APB and the creation of the new standard-setting structure composed of three organizations—the Financial Accounting Foundation (FAF), the Financial Accounting Standards Board (FASB), and the Financial...

Ngày tải lên: 17/02/2014, 10:20