ACCT 3001 Lecture Notes - Lecture 11: Accrued Interest, Accrual, Net.

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coralfly650

4 Dec 2017

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Chapter 3 presents a concise yet thorough review of the accounting process. The basic elements of the accounting process are identified and explained, and the way in which these elements are combined in completing the accounting cycle is described. 1) the accounting information system collects and processes transaction data and then disseminates the financial information to interested parties. The basic includes: events, transactions, accounts, real accounts, nominal accounts, ledger, journal, posting, trial balance, adjusting entries, financial statements, and closing entries. These terms refer to the various activities that make up the accounting cycle. The terms debit and credit are used in the accounting process to indicate the effect a transaction has on account balances. The first step in the accounting cycle is analysis of transactions and selected other events. The purpose of this analysis is to determine which events represent transactions that should be recorded.

Related Questions

A process that is considered to be incontrol measures an ingredient in ounces. Below are the last 10samples (each of size n=5) taken.

The population process standarddeviation, _Ï is 1.36.

				Samples
1	2	3	4	5	6	7	8	9	10
10	â9	13	10	12	10	10	13	â8	10
9	â9	â9	10	10	10	11	10	â8	12
10	11	10	11	â9	â8	10	â8	12	â9
9	11	10	10	11	12	â8	10	12	â8
12	10	â9	10	10	â9	â9	â8	â9	12

If z = 3, what are the control limits for the mean chart?

What are the control limits for the range chart?

Is the process in control?

Please show all work. Thanks

carmineherring529

Week One: Hands-on MIS Application Software ExerciseSolution

Store & Region Sales Database

This exercise helps students understand how a raw file of salestransactions can be analyzed to produce valuable information formanagers. Your challenge is to ask the right questionsabout the data and then present your case!

Import the data into Excel or Access (or compatiblespreadsheet/database). Use the data to perform the belowanalyses:

Analyze ALL THREE of the below items:

1.Best Performing Regions by TotalRevenue

2.Best Performing Stores by TotalRevenue

3.Best Selling Products by TotalRevenue

Select ONLY ONE of the below items:

A.Strongest Selling Period for eachProduct by Total Revenue

B.Strongest Selling Period for eachRegion by Total Revenue

C.Strongest Selling Period for eachStore by Total Revenue

Provide a business case â in the form of ONE descriptiveparagraph and ONE data table-- for eachanalysis. Each paragraph must refer to the informationpresented in the table using the labeled Table #. UseAPA format to label your tables.

SUBMITâ your final report with one WORDdocument and one EXCEL/ACCESS file.

Store & Region Sales Database
ID	StoreNo	SalesRegion	ItemNo	ItemDescription	UnitPrice	UnitsSold	WeekEnding
1	1	South	2005	17"Monitor	$229.00	28	10/27/10
2	1	South	2005	17"Monitor	$229.00	30	11/24/10
3	1	South	2005	17"Monitor	$229.00	9	12/29/10
4	1	South	3006	101Keyboard	$19.95	30	10/27/10
5	1	South	3006	101Keyboard	$19.95	35	11/24/10
6	1	South	3006	101Keyboard	$19.95	39	12/29/10
7	1	South	6050	PC Mouse	$8.95	28	10/27/10
8	1	South	6050	PC Mouse	$8.95	3	11/24/10
9	1	South	6050	PC Mouse	$8.95	38	12/29/10
10	1	South	8500	DesktopCPU	$849.95	25	10/27/10
11	1	South	8500	DesktopCPU	$849.95	27	11/24/10
12	1	South	8500	DesktopCPU	$849.95	33	12/29/10
13	2	South	2005	17"Monitor	$229.00	8	10/27/10
14	2	South	2005	17"Monitor	$229.00	8	11/24/10
15	2	South	2005	17"Monitor	$229.00	10	12/29/10
16	2	South	3006	101Keyboard	$19.95	8	10/27/10
17	2	South	3006	101Keyboard	$19.95	8	11/24/10
18	2	South	3006	101Keyboard	$19.95	8	12/29/10
19	2	South	6050	PC Mouse	$8.95	9	10/27/10
20	2	South	6050	PC Mouse	$8.95	9	11/24/10
21	2	South	6050	PC Mouse	$8.95	8	12/29/10
22	2	South	8500	DesktopCPU	$849.95	18	10/27/10
23	2	South	8500	DesktopCPU	$849.95	18	11/24/10
24	2	South	8500	DesktopCPU	$849.95	20	12/29/10
25	3	South	2005	17"Monitor	$229.00	38	10/27/10
26	3	South	2005	17"Monitor	$229.00	30	11/24/10
27	3	South	2005	17"Monitor	$229.00	3	12/29/10
28	3	South	3006	101Keyboard	$19.95	30	10/27/10
29	3	South	3006	101Keyboard	$19.95	32	11/24/10
30	3	South	3006	101Keyboard	$19.95	33	12/29/10
31	3	South	6050	PC Mouse	$8.95	25	10/27/10
32	3	South	6050	PC Mouse	$8.95	5	11/24/10
33	3	South	6050	PC Mouse	$8.95	26	12/29/10
34	3	South	8500	DesktopCPU	$849.95	28	10/27/10
35	3	South	8500	DesktopCPU	$849.95	27	11/24/10
36	3	South	8500	DesktopCPU	$849.95	29	12/29/10
37	4	North	2005	17"Monitor	$229.00	18	10/27/10
38	4	North	2005	17"Monitor	$229.00	20	11/24/10
39	4	North	2005	17"Monitor	$229.00	4	12/29/10
40	4	North	3006	101Keyboard	$19.95	12	10/27/10
41	4	North	3006	101Keyboard	$19.95	24	11/24/10
42	4	North	3006	101Keyboard	$19.95	36	12/29/10
43	4	North	6050	PC Mouse	$8.95	29	10/27/10
44	4	North	6050	PC Mouse	$8.95	11	11/24/10
45	4	North	6050	PC Mouse	$8.95	38	12/29/10
46	4	North	8500	DesktopCPU	$849.95	21	10/27/10
47	4	North	8500	DesktopCPU	$849.95	24	11/24/10
48	4	North	8500	DesktopCPU	$849.95	30	12/29/10
49	5	North	2005	17"Monitor	$229.00	27	10/27/10
50	5	North	2005	17"Monitor	$229.00	25	11/24/10
51	5	North	2005	17"Monitor	$229.00	23	12/29/10
52	5	North	3006	101Keyboard	$19.95	80	10/27/10
53	5	North	3006	101Keyboard	$19.95	82	11/24/10
54	5	North	3006	101Keyboard	$19.95	75	12/29/10
55	5	North	6050	PC Mouse	$8.95	65	10/27/10
56	5	North	6050	PC Mouse	$8.95	24	11/24/10
57	5	North	6050	PC Mouse	$8.95	55	12/29/10
58	5	North	8500	DesktopCPU	$849.95	55	10/27/10
59	5	North	8500	DesktopCPU	$849.95	57	11/24/10
60	5	North	8500	DesktopCPU	$849.95	47	12/29/10
61	6	East	2005	17"Monitor	$229.00	24	10/27/10
62	6	East	2005	17"Monitor	$229.00	85	11/24/10
63	6	East	2005	17"Monitor	$229.00	56	12/29/10
64	6	East	3006	101Keyboard	$19.95	52	10/27/10
65	6	East	3006	101Keyboard	$19.95	58	11/24/10
66	6	East	3006	101Keyboard	$19.95	69	12/29/10
67	6	East	6050	PC Mouse	$8.95	35	10/27/10
68	6	East	6050	PC Mouse	$8.95	39	11/24/10
69	6	East	6050	PC Mouse	$8.95	44	12/29/10
70	6	East	8500	DesktopCPU	$849.95	78	10/27/10
71	6	East	8500	DesktopCPU	$849.95	88	11/24/10
72	6	East	8500	DesktopCPU	$849.95	99	12/29/10
73	7	East	2005	17"Monitor	$229.00	34	10/27/10
74	7	East	2005	17"Monitor	$229.00	36	11/24/10
75	7	East	2005	17"Monitor	$229.00	35	12/29/10
76	7	East	3006	101Keyboard	$19.95	49	10/27/10
77	7	East	3006	101Keyboard	$19.95	47	11/24/10
78	7	East	3006	101Keyboard	$19.95	48	12/29/10
79	7	East	6050	PC Mouse	$8.95	45	10/27/10
80	7	East	6050	PC Mouse	$8.95	42	11/24/10
81	7	East	6050	PC Mouse	$8.95	45	12/29/10
82	7	East	8500	DesktopCPU	$849.95	55	10/27/10
83	7	East	8500	DesktopCPU	$849.95	57	11/24/10
84	7	East	8500	DesktopCPU	$849.95	55	12/29/10
85	8	East	2005	17"Monitor	$229.00	18	10/27/10
86	8	East	2005	17"Monitor	$229.00	17	11/24/10
87	8	East	2005	17"Monitor	$229.00	23	12/29/10
88	8	East	3006	101Keyboard	$19.95	22	10/27/10
89	8	East	3006	101Keyboard	$19.95	18	11/24/10
90	8	East	3006	101Keyboard	$19.95	22	12/29/10
91	8	East	6050	PC Mouse	$8.95	14	10/27/10
92	8	East	6050	PC Mouse	$8.95	16	11/24/10
93	8	East	6050	PC Mouse	$8.95	17	12/29/10
94	8	East	8500	DesktopCPU	$849.95	32	10/27/10
95	8	East	8500	DesktopCPU	$849.95	28	11/24/10
96	8	East	8500	DesktopCPU	$849.95	30	12/29/10

viridianswan15

	Factors	E or F
1.	Community needs and resources
2.	Disaster risk
3.	Revenues
4.	Intergovernmental Constraints
5.	External economic conditions
6.	Expenditures
7.	Debt structure
8.	Political Culture
9.	Unfunded liabilities
10.	Condition of capital plant
11.	Operating Position

oliveotter386

ACCT 3001 Lecture Notes - Lecture 11: Accrued Interest, Accrual, Net.

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