September 2011
30 posts
How do you apply "Debits and Credits" in...
Via Scoop.it - Basic Accounting Concepts This answer will help you to understand which accounts to (Dr.-Debit) and which accounts to (Cr.-Credit) when recording a financial transaction in the bookkeeping system. (Dr.-Debit) and (Cr.-Credit) are the key elements of the double-entry bookkeeping system. Show original
Top 25 Sites for Free Accounting Tutoring
Via Scoop.it - Basic Accounting Concepts If you’re into crunching numbers, an accounting career might be in your future…and you, more than anyone else, probably know that every penny counts. So, we’ve compiled a list of free accounting tutoring and tutorial sites that range from beginning level to college courses, including software tutorials that don’t cost a dime. If you look for open source...
Australian Aborigine Hair Tells a Story of Human...
Via Scoop.it - Australian Stories A lock of hair collected a century ago has yielded the first Aboriginal genome, along with evidence that once the Aborigines’ ancestors arrived in Australia, some 50,000 years ago, they somehow kept the whole continent to themselves. Show original
What are the steps in the accounting process?
Via Scoop.it - Basic Accounting Concepts This answer will help you to identify all the steps that take place in the accounting process. Because these steps in the accounting process are repeated every accounting period they are also referred to as the accounting cycle. Show original
What is the 'going concern' concept in accounting?
Via Scoop.it - Basic Accounting Concepts The ‘going concern’ concept in accounting is an assumption that the business will continue to exist for the foreseeable future. Accountants adopt the ‘going concern’ concept so they can prepare realistic financial reports. Without the ‘going concern’ concept, accountants would have to write off all assets in the current...
Is double-entry bookkeeping inefficient?
Via Scoop.it - Basic Accounting Concepts Answer: Most accountants might smile at this question in the same way that they might smile at the statement that “if double-entry bookkeeping is so good, why not record it three-times”. Show original
If there were no tax benefits, would there be any...
Via Scoop.it - Basic Accounting Concepts Answer (1 of 2): I think there is a fundamental advantage in that accrual accounting generally does a better job of reporting the economic reality of a business’s operations. Show original
What are some good resources for learning about...
Via Scoop.it - Basic Accounting Concepts As an entrepreneur, accountant and vocational trainer, I have compiled a series of 70 articles that deal with financial statements and the accounting system that creates them. See links for details. Show original
What are expense classifications and functions in...
Via Scoop.it - Basic Accounting Concepts Expense classifications and functions in accounting help achieve the purpose of accounting by providing expense information is a more meaningful way for decision makers. Applying expense classifications and functions to financial reports, the decision maker is able to identify the real, primary and underlining profitability of the business as well as...
A One-Stop Guide to Traditional and Modern...
Via Scoop.it - Basic Accounting Concepts Managerial accounting entails gathering and analyzing the financial data being used by various departments in formulating their strategies and arriving at sound decisions. Show original
Common Abbreviations on WW2 RAF Records
Via Scoop.it - 460 Squadron Listed in alphabetical order are the common abbreviations used on all British RAF Records Show original
Britain: please return Australia’s birth...
Via Scoop.it - Australian Stories Matthew Flinders’ original 1804 map contains what is thought to be the first reference to the name ‘Australia’. This map is stored at the UK Hydrographic Office in Taunton, Somerset, where it is accessible only by appointment. Show original
What are 'expenses' in accounting?
Via Scoop.it - Basic Accounting Concepts An expense in accounting is the money spent or cost incurred in an entity’s efforts to generate revenue. Expenses represent the cost of doing business where doing business is the sum total of the activities directed towards making a profit. Show original
World War II: Operations Manna & Chowhound
Via Scoop.it - 460 Squadron Operations Manna and Chowhound were launched in April-May 1945, in an effort to alleviate starvation in the Netherlands. Flown by the RAF and US Army Air Force, Manna-Chowhound missions dropped food over occupied areas. Show original
Learn Accounting Basics
Via Scoop.it - Basic Accounting Concepts Some basic accounting concepts and definitions. Show original
What are 'expenses' in accounting?
Via Scoop.it - Basic Accounting Concepts An expense in accounting is the money spent or cost incurred in an entity’s efforts to generate revenue. Expenses represent the cost of doing business where doing business is the sum total of the activities directed towards making a profit. Show original
The Boys: Part 2 « Solid gold creativity
Via Scoop.it - Australian Stories As part of a seminar I’m examining my prejudices and preconceptions about men in my culture. I’ve started thinking about a certain male archetype in Australian culture who I’m calling “The Boys”. Show original
Australia and America aren't that different,...
Via Scoop.it - Australian Stories Outwardly, Australian culture and American culture appear quite similar. Both are predominantly of Caucasian/Anglo-Saxon ancestry and share English heritage and language. Just because two countries might seem culturally similar on the surface, doesn’t necessarily mean they approach business in the same way. Show original
Father of art history had far-reaching influence
Via Scoop.it - Australian Stories With the death of the eminent art historian Bernard Smith, a chapter closes in Australian intellectual life. He was a rigorous historian of Australia’s cultural development and an astute critic of art and society, and was recognised as the father of Australian art history - a distinction bestowed for the value and weight of his scholarship, his contribution...
Afraid of our past? - Brisbane Times
Via Scoop.it - Australian Stories Unlike other Australian capitals, which used their cultural history to shape their contemporary identities, Brisbane had been “decimated by years of unsympathetic development Show original
What is the 'time period' assumption in...
Via Scoop.it - Basic Accounting Concepts The ‘time period’ assumption allows accountants to sud-divide the entire economic life of a business into specified time intervals. It is assumed that accounting can manage the varying time-period impacts of financial transactions, and so produce financial statement that accurately reflect the financial performance of business in a specific...
Inventory Accounting: 7 Things You Need To Know
Via Scoop.it - Basic Accounting Concepts Inventory accounting is a wide topic. I would need to write a book to cover every bit of it. But through this post I am going to squeeze it into 7 bullet points to cover, just the meat (Cost of Good Sold, cash discount on a purchase of inventory, inventory write-off, error on the inventory record, estimating inventory value for interim reporting purpose,...
Top 25 Accounting Journals and Publications
Via Scoop.it - Basic Accounting Concepts As anyone studying for an accounting degree can tell you, it is a difficult task. With study time often continuing well into the night, getting the degree can be the easy part when compared to such tasks as getting a decent salary or making sense of all the career options. The good news is that students are no longer at the mercy of the nearest accounting...
What is the Accounting Cycle?
Via Scoop.it - Basic Accounting Concepts This answer will help you to understand the complete process of accounting from identifying a financial transaction through to the Financial Statements. The accounting cycle repeats the exact same process for every financial reporting period. Show original
Lancaster, Bomber Command Tribute
Via Scoop.it - 460 Squadron Tribute to the men of Bomber Command and also to the Lancaster crews. Not forgetting the crews who operated other types. Halifax, Stirling, Whitley, Wellingt… Show original
Lancaster Bomber taking off and landing at...
Via Scoop.it - 460 Squadron Lancaster Bomber taking off and landing at Cambridge Airport 5th September 2009. It was in for the Duxford airshow. B17 Sally B turns up too. Show original
Rediscovery of Ned Kelly's bones only part of the...
Via Scoop.it - Australian Stories Brad Webb looks at the history and implications of finding and identifying Ned Kelly’s headless skeleton — then reveals the whereabouts of his preserved brain! Show original
Target London 7th September 1940
Via Scoop.it - 460 Squadron Most historians agree that the very nature of the Battle of Britain changed on 7 September, with a shift away from the direct attack on Fighter Command’s airfields and the factories which produced its aircraft. The change in targeting was driven by Goring and supported by Kesselring, who felt that the anti-airfield campaign had run its course, and that Fighter...
