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Protecting assets in fireproof, guards, fences, remote control cameras only certain, higher level, people are authorized to enter data into accounting records and prepare accounting reports established to oversee the certification of auditors recording the transactions in the accounting records select random transactions and see if they are reliable public company accounting oversight board, constraints on auditors, constraints on management SEC oversight responsibility and control over companies issuing financial statements and their external auditors key transaction completed quickly or delayed, depending on what quarter its needed in.

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Jump to Page. Search inside document. Accounting Exam 2 Study online at quizlet. Protecting assets in fireproof, guards, fences, remote control cameras only certain, higher level, people are authorized to enter data into accounting records and prepare accounting reports established to oversee the certification of auditors recording the transactions in the accounting records select random transactions and see if they are reliable public company accounting oversight board, constraints on auditors, constraints on management SEC oversight responsibility and control over companies issuing financial statements and their external auditors key transaction completed quickly or delayed, depending on what quarter its needed in 2.

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Chapter 2 Lecture - Part 1

Popular in Corporations. Pooja Shah. Bambang Ariwibowo.The world remains in serious problem for a couple of months now. There have been many such times in the past, but the world came out of them through the struggles of people and the power of prayers. Our ancestors utilized to believe in prayers a lot. As time passed by, individuals got more involved in the worldly enjoyments forgetting about prayers. The man-made medicine has actually failed to control the pandemic that is spreading like fire in the whole world.

Almost all the nations have been impacted by it, no matter if it is a third world country, a developing country, or a superpower. Now is the time to hope and ask for help from the Almighty. Prayer is an act of worshipthrough which we glorify the Almighty and ask for help from him. It is God that we require during tough times. He is the one who takes us out of problems and makes things simpler for us.

There are many religious beliefs in the world, and everyone retreats to God for help through prayers.

Quiz: Test Your Knowledge On Financial Accounting

Quizlet Payroll Accounting Chapter 2. Muslims pray five times a day to get in touch with their Lord. Buddhists and Hindus go to their temples for hoping. Jews go to their synagogues to hope in front of their Lord. Christians pray also.

Financial Accounting 1

They go to churches on Sundays for the sermons and connect themselves to God. Is it just one day or some specific time when we should hope? We can speak with God anywhere and anytime we desire. We are not bound to a particular time or place for connecting with the Almighty. God is the one who heals broken hearts. He listens to everybody and grants us what He believes is best for us. When need to pray when we wish to vent out. Prayer is the way which allows us to raise our mind, heart, and soul to the Almighty.

He is always there for us, listening to us, and ready to assist us.

financial accounting quizlet chapter 2

It is us who needs to ask Him for aid and all the good things in life. When we are in distress, we reach out to Jesus Christ and God. We need to hope if we want to thank the Lord for His love, to ask for His forgiveness for the sins we have done, and to comprehend what the Lord desires from us. Even Jesus Christ used to pray to God. He would hope day and night, especially on all the prodigious events of his life. Jesus Christ is the one whose prayer would heal the ill, enliven the dead, and bring ease to individuals in distress and suffering.

Prayer is a channel which links us with our Lord and supplies us with a platform where we can set up our cases to him. God is fantastic and you need to applaud Him for His greatness.

You have to confess that you are dependent on Him. It is Him who supplies you with opportunities to live. It is Him who supplies you with all the ways to live your life.

You are expected to bow in front of Him and adulate Him. We all are human beings and all of us make sins; some are intentional and some are unintentional.Can you conceive of other possible methods for recording changes in accounts?

What does journalizing mean? Give an example of a compound entry in the general journal. How do these two compare with a book and its table of contents? What are the purposes of this trial balance? What are some possible causes of this difference? If the difference between the columns is divisible by 9, what types of errors are possible?

Instead of debiting the Store Equipment account, the debit was made to Delivery Equipment. Of what help will the trial balance be in locating this error? The student took an examination in a room where the windows were on the other side of the room and became confused and consistently reversed debits and credits. If there were no existing balances in any of the accounts to begin with, would the error prevent the student from preparing correct financial statements?

Exercise C Prepare the journal entry required for each of the following transactions:. Then show how the journal entry would be posted to T-accounts. You need not include explanations or account numbers. Use the letter of the transaction in place of the date. Include an explanation for each entry.

Write the letter of the transaction in the account before the dollar amount. Determine a balance for each account. Prepare the journal entries required to record these transactions in the general journal of the company. The following account numbers and titles constitute the chart of accounts for the company:. Problem D Trim Lawn, Inc. The trial balance did not balance. In searching back through the accounting records, Miller found that the following errors had been made:.

Also, write a description of the effect s of each error. The services are to be performed next month. Its chart of accounts is as follows:. Jan 12 Purchased insurance for January on the delivery trucks. The trial balance he prepared was as follows:. In trying to f ind out why the trial balance did not balance, Baxter discovered the following errors:. Miscellaneous Expense Account No.

Prepare a corrected trial balance as of December In what respects would you agree with this description? How might you argue that this description is deficient? On what aspect of a business does the balance sheet provide information? On what aspect of a business does this statement provide information? At the first meeting you attend, mention is made of building a new church.

financial accounting quizlet chapter 2

What accounting information would the board need in deciding whether or not to go ahead? At what amount should the equipment be recorded? How is the cost to acquire an asset determined? Royals Palm, Inc. Dan and Den, Inc. Exercise 3. Complete missing amounts in fundamental accounting equation for several businesses:. Prepare a transaction analysis for the January transactions.

Remember to prove the accounting equation at the end. Exercise 5. Exercise 6. Exercise 7. Using the information from Exercises 5 and 6, prepare the Balance Sheet for December Skip to main content.

Prayer Works – Quizlet Payroll Accounting Chapter 2

Unit 2: Accounting Principles and Practices. Search for:. How are they similar? How are revenues measured? How are expenses measured?

What use does the accountant make of transactions? Why must it always balance? Increase both an asset and a liability. Increase one asset and decrease another asset. Decrease both a liability and an asset. Increase both an asset and retained earnings.

Decrease both an asset and retained earnings. Increase a liability and decrease retained earnings. Perez Company had the following transactions during January: 1.

financial accounting quizlet chapter 2

Prepare income statement at the end of December Prepare statement of retained earnings equity at the end of December Prepare balance sheet at the end of December Licenses and Attributions.

CC licensed content, Shared previously.Shared Flashcard Set. Title Chapter 2 Accounting. Description Chapter 2 Accounting. Total Cards Subject Accounting. Level Undergraduate 1. Create your own flash cards! Sign up here. Supporting users have an ad free experience! Flashcard Library Browse Search Browse. Create Account.

Additional Accounting Flashcards. Term Accrual-basis accounting. Definition Assets with relatively long useful lives that companies use in operating the business.

Term Classified balance sheet. Definition A balance sheet that contains a number of standard classifications and sections. Term Comparability. Definition Ability to compare the accounting information of different companies because they use the same accounting principles.

Term Consistency. Definition Use of the same accounting principles and methods from year to year within a company. Term Cost principle. Definition An accounting principle that states that companies should record assets at their cost. Term Current assets. Definition Cash and other resources that companies reasonably expect to convert to cash or use up within one year or the operating cycle, whichever is longer.

Term Current liabilities. Definition Obligations that a company reasonably expects to pay within the next year or operating cycle, whichever is longer. Term Current ratio. Definition A measure used to evaluate a company's liquidity and short-term debt-paying ability; computed as current assets divided by current liabilities.

Term Debt to total assets ratio.I think some of those methods are a relic from the S-Plus days when most people would work on text terminals. We have much better tools these days for auto-generation of reports and so on, where people can arrange the output in a way that's useful to them.

I predict using df. I am kind of "abusing" your package for fitting a GLM using the generalized gamma distribution you define in the package.

Shared Flashcard Set

Five years ago, traditionalists decried influencer marketing as a fad that would not last. How wrong they were. While print advertising was already fading, television advertising was king. It is amazing how much has changed in the world of marketing in just half a decade.

We are now in 2017 and influencer marketing is far more than just a buzzword. It has become the de facto way to reach the savvy and cynical youngsters of Generations Y and Z. The influencer model is now maturing, as more refined methods are put into practice, platforms are becoming more iconic, and agencies realize that they need to jump on the influencer marketing bandwagon or else they will be left behind in the marketing Dark Ages.

So, how do we at the Influencer Marketing Hub expect influencer marketing to evolve over the remainder of this year. Here are our predictions for influencer marketing in 2017. Influencer marketing grew out of celebrity endorsement. It would be like trying to use Madonna to promote your range of heavy duty power tools - or Ronaldo to promote your opera glasses.

financial accounting quizlet chapter 2

They are micro-influencers - people who have high engagement and huge followings in a relatively niche area of interest. We believe that 2017 will see a huge increase in the number of brands working with micro-influencers.

Big brands will continue to work with celebrities, although even they will try to better align their brands with celebrities who are more relevant to their product. However, the bulk of brands will focus on working with laser-targeted micro-influencers. Celebrity influencers have always been paid - in many cases extremely well - to promote brands and their products.

Micro-influencers, however, have not always fared so well. To an extent, this is probably because of the organic way that relationships often develop. This is particularly the case when brands use influencers to amplify their own material. Often this relationship has been built up gradually, perhaps with a few comments on a blog or sharing an influencer's social media posts. Some brands try to speed the process up by providing incentives to influencers to help them out.

This has traditionally been through some form of barter. For instance, brands often provide free products to influencers who review their products. Influencers have become savvier of late, however. Many have signed up to influencer platforms and actively work with brands.

As brands can see the worth in this process, they are beginning to pay influencers - with real money, not barter. We believe that this process will accelerate this year.

Micro-influencers will always be much cheaper than celebrity influencers, and because they identify so well with their target audience, they will often be more effective for a brand. Although agencies have started to add influencer marketing to their mix, they have been comparatively slow to endorse it.Traditionally, model testing is the step before preparing to deploy a machine learning solution.

The purpose of a test pass is to test your model in an environment that's as close to the way that it will be used in real-world situations. Remember that you can have multiple versions of a model concurrently deployed on the service. That means you can have multiple revisions of your model in testing at once if you need to. It also makes it easy to have a production version of the model deployed while testing the next revision. As with so much of developing machine learning applications, the availability of fresh data is often a limiting factor.

You should develop strategies to split the data you have and collect new data to use for testing. Infer values from new data instances with online prediction. Infer values from new data instances with batch prediction. Except as otherwise noted, the content of this page is licensed under the Creative Commons Attribution 3.

For details, see our Site Policies. Note: This document describes both batch prediction and online prediction. Online prediction is a Beta feature of Cloud ML Engine. It might be changed in backward-incompatible ways and is not subject to any SLA or deprecation policy. How it works The Cloud ML Engine prediction service manages computing resources in the cloud to run your models. Here is the process to get set up to make predictions in the cloud: You export your model using SavedModel as part of your training application.

Note: You can use batch prediction to get inferences for a SavedModel that isn't deployed to Cloud ML Engine. You format your input data for prediction and request either online prediction or batch prediction When you use online prediction, the service runs your saved model and returns the requested predictions as the response message for the call. Your model version is deployed in the region you specified when you created the model. Although it is not guaranteed, a model version that you use regularly is generally kept ready to run.

When you use batch prediction, the process is a little more involved: The prediction service allocates resources to run your job. The service restores your TensorFlow graph on each allocated node. The prediction service distributes your input data across the allocated nodes. Model deployment Cloud ML Engine can host your models so that you can get predictions from them in the cloud.

About models and versions Cloud ML Engine organizes your trained models using resources called models and versions. What's in a version. Naming models and versions Model and version names must: Contain only (case-sensitive) mixed-case letters, numbers, and underscores. Begin with a letter.


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