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KFK_Krystyna
08:22 PM on May 08, 2011
Accountancy
The basic accounting equation is assets = liabilities + stockholders' equity. This is the balance sheet. The foundation for the balance sheet begins with the income statement, which is revenues - expenses = net income or net loss. This is followed by the retained earnings statement, which is beginning retained earnings + net income - dividends = ending retained earnings or beginning retained earnings - net loss - dividends = ending retained earnings. The current ratio is current assets divided by current liabilities. The debt to total assets ratio is total assets divided by total liabilities.
In the IETF RFCs the act of accounting is usually defined as the act of collecting information on resource usage for the purpose of trend analysis, auditing, billing, or cost allocation.
For example when a user uses a connectivity service paid with a pay-per-use approach the accounting process is based on a metering of the resource usage by the user (usually time spent with an active connection or the amount of data tranferred using that connection). The accounting is hence the recording of this connectivity service consumption for subsequent charging of the service itself.
Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting in a given jurisdiction is called Generally Accepted Accounting Principles, or GAAP.
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The basic accounting equation is assets = liabilities + stockholders' equity. This is the balance sheet. The foundation for the balance sheet begins with the income statement, which is revenues - expenses = net income or net loss. This is followed by the retained earnings statement, which is beginning retained earnings + net income - dividends = ending retained earnings or beginning retained earnings - net loss - dividends = ending retained earnings. The current ratio is current assets divided by current liabilities. The debt to total assets ratio is total assets divided by total liabilities.
In the IETF RFCs the act of accounting is usually defined as the act of collecting information on resource usage for the purpose of trend analysis, auditing, billing, or cost allocation.
For example when a user uses a connectivity service paid with a pay-per-use approach the accounting process is based on a metering of the resource usage by the user (usually time spent with an active connection or the amount of data tranferred using that connection). The accounting is hence the recording of this connectivity service consumption for subsequent charging of the service itself.
Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting in a given jurisdiction is called Generally Accepted Accounting Principles, or GAAP.
Hope this topic was interesting to you. Find out more: KFK Krystyna
Welcome to BAW zerotyd. Hope you have a good day as well :).
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zerotyd
08:52 PM on May 01, 2011
Hey im new here.
Nice to meet everyone!
Hope you all have a good day
Nice to meet everyone!
Hope you all have a good day
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hopei91
05:54 PM on March 15, 2011
♥♥ Your very sweet my friend and thank you so much ♥♥ BTW.. I got your email and everything is still on your XenoSapien Speaks page \(^o^)/ .. you go boy!
All viewers: Please visit and say hello to my very dear and cherished friend hopei91 on her site, "Nothing Fancy, But It's From The Heart" http://www.freewebs.com/hopei91/...You can also click on her logo I've placed on the opening page of BAW. Extra love to you hope! ---XenoSapien
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XenoSapien
07:25 PM on March 10, 2011
No problem at all, hope! Life does have a way of making unexpected changes, and preventing us from doing things we try to do all the time. You take all the time you need to do whatever you must do, no worries :). Thanks about the diary, I really wish I would have thought of it sooner, but I guess better late than never. You have been here for me from the beginning, you have seen my best and you've seen my worst. I'll always believe you to be the strength that BAW never thought it would ever have. Your wisdom and insight is forever a true blessing, and I can think of no one better in all the world to be Anna's Godmother. I will consider myself your special friend, so long as you consider myself feeling the same way about you. Always have love in your heart, continue to fight to rise from tragedy, and always keep smiling! ---XenoSapien
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hopei91
06:41 PM on March 10, 2011
Hey friend, i'm so sorry it's been so long since i've gotten back to you..life has a way of creeping in and i've not been on my website or online much in the past couple months. I'm so happy for you and Anna is a beautiful girl. You've done a great job with BAW and love what you've done with Anna's diary. Someday, she'll read and understand how much you've loved her since before she was even born and how you've fought to be in her life. I'm honored that you'd consider me a Godmother xxx - know that i'll always consider you a special friend and will always wish the best for you and yours.. Peace Xeno ♥
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