One of the key difference between non-profit making and commercial organizations is that they have different reasons for their existence. Consequently, non-profit making organizations follow some accounting principles which differ from those followed by commercial organizations. Required: Briefly discuss the role of accountants in both types of organizations.

Briefly explain the importance of a cashflow statement to a business entity

(a) Briefly explain the following terms as used in accounting for returnable containers: (i) charge-out price (2 marks) (ii) Credit-back price (2 marks) (b) Jiko Ltd. supplies cooking gas in 10 kilogramme cylinders which are returnable after use. The cylinders are purchased at Sh. 500 each and are valued at […]

Explain briefly the application of the accruals and prudence concepts in the accounting for long term construction contracts.

Excel Business services sells its goods in containers which are returnable. These containers are purchased by the company at Sh.20 per container but each container is written down to the book value of Sh.15 per container immediately it is purchased. For stock taking purposes all containers are valued Sh.15 per […]

Use a reliable search engine to investigate and read about Gross Domestic Product (GDP) as a key economic metric.Then, prepare a descriptive table detailing: The four components on which the U.S. Bureau of Economic Analysis divides the U.S. GDP The formula to calculate the components of the GDP What is […]

In this Discussion, you will explore probability, distributions, and how each are used to make business decisions. ou will also learn how to use excel to calculate these figures.

Use the database of the Virtual Library to research and explore the definition of each of the concepts listed in the vocabulary section of the workshop. Create a T Chart with the concepts and definitions; then, bring it to class for a collaborative activity. Submit your T chart by the end […]

Evalúe cómo los gobiernos utilizan las políticas económicas para influenciar la economía de sus países, mientras emplea el vocabulario del taller correctamente en un ensayo corto de no más de dos páginas. Macroeconomía Política macroeconómica Instrumentos de política económica Política monetaria Teoría económica Producción agregada y ciclos económicos Política fiscal Políticas de oferta Inflación […]