1.You are employed as an accountant for Innovative Computing. Your company is in the process of signing a large contract with an electronics components supplier. You have a friend who works for the electronics components supplier, and you are aware of the company having trouble paying bills.
Explain why you should or should not report this to your employer before the purchase.
2. Since Chapter 1 is titled “Accounting: The Language of Business,” let’s discuss what accounting is and why is it considered the ‘language of business’? Who are the stakeholders (individuals or organizations) that are interested in financial information of a company, and what do they use this information for?
3 In Chapter 2 we will learn how to analyze and record a transaction and the basics of the financial statements. The accounting process fundamentally starts with a business transaction, which may also be referred to as an economic event.
How does the accountant determine whether the transaction should be recorded and how it should be recorded?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more