It only involves trading or manufacturing that purchases inventories on account and lastly; Date Vendor Invoice # Invoice Date Terms Post. Ref. Accounts Payable CR Freight In DR Purchases DR A General Journal (GJ) is said to be a sequential daily recording of activities such as buying and selling in an organisation either on debit or on credit as they occur. It is also referred to as the book of original entry. Date Accounts and Description Debit Credit Debit Credit Therefore, knowing the definition of all the above, it will be easy to determine which journal the following transactions should be recorded: A.
What could be further utilized in support of the position? No. Further detailed analysis of the reading should have been done to come down a particular conclusion. The draft fails to put up a cause and effect relationship. In General: 6) What does this draft do well?
The problem was still there even BP change CEO to Dudley. While he was CEO, he was promised and highlighted with the signal that the company is seriously concerned on safety. However, during his appointed, he ignored this problem due to cost cutting and aftermath, it was one of the point engaged in this disaster. Secondly, he should have a clear instructor or policy to junior level but he did not have. He did not get it straight to give them clear mission how to
We were under a lot of pressure and asked to begin the process in parallel with him joining the company. Unfortunately he decided to leave our company on his second day. When our Chief Human Resource Officer (CHRO) told us the very disappointing news on a conference call, the whole group began a discussion of how horrible the news was and that we had no chance to meet our objectives without a functional leader. I explained to the group and our CHRO how we had done quite a bit of research, had the right players on the team and that I felt we were well prepared to move forward while they continued a search for a new V.P. The team rallied and we not only were able to continue our project, we delivered before they announced a successor.
Basically firm records all of its assets in the financial statements at their original cost (cost which is initially incurred to acquire these assets), but this is not an established rule for recording inventory, and hence at the time of recognizing and valuing inventory in the financial statements, cost principle , which businesses follow for entirely all of their asset is not recognized for inventory. Lower of Cost or Market value states that inventory must always be valued/ recorded at lower of cost
Therefore, before the management decides to introduce the specific technology into the organization, they must consult with the employees and identify the problems that will help ease the transition. The employees that are affected need to understand the effect the change will have on them
To make sure the company’s sources aren't wasted, the employer should be able to come out with a powerful budgeting gadget. That is essential as it make sure that the outputs produced and services introduced acquire the goals. In step with this concept, an excellent budgeting system ought to be able to addresses the efficiency and effectiveness of the business expenditure and the level of earnings of the organization’s (Robinson, 2009). The company has to put right controls that make certain that the finances are well implemented, maintained and allotted. Firms that are capable of run its operations efficaciously are capable of allocate greater sales for the corporation.
INTRODUCTION This assignment is focused on Cisco. It talks about how this company manages technology and innovation. The history of the company is discussed. The company’s mission and strategies, innovative methodologies, acquisition tactics and integration plans are discussed at length. This case study highlights Cisco’s core values.
It consists of Customer billing statements, Sales orders, purchase Requisitions, Sales analysis reports, Register checking, Vendor invoices, general ideas, payroll information, timekeeping and inventory data, tax information. This data can be used to preparing the accounting statement and reports. (Fontinelle, 2017).Accounting Information System is used for to produce the external stories related to the financial statement, supported through routine activities, Decision Support and Planning and Control, Implementing internal control. Accounting Information roles are classified into External Auditor, Tax Accountant, Consultant and Internal Auditor, Business Analyst, Budget analysts, Financial Analyst, controller and Accounting Clerk. It is discussing the future, and current role of Accounting Information system is analyzing by accountant responsibility and financial
• Should the CEO be moved to a different compensation structure? BACKGROUND: CEO COMPENSATION STRUCTURES AND HOW THEY WORK Some CEOs have been criticized for their seemingly excessive pay while their employees earn minimal pay. We will be looking at the components that make up a CEO’s compensation plan, and we will find out why their pay can be so high. A CEO is the chief executive officer for a particular company. They are ultimately in charge of a company’s success or failure while in the position as CEO.