I have working experience of accounts and have been working with computerized accounting, if some one need me?
Careers & Employment - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
looking in the anchorage news paper..
Answer 2 :
Sounds like this guy needs you: http://answers.yahoo.com/question/index;_ylt=AlmK_vBpIEEX59kjzz5X_Krzy6IX?qid=1006032200337
Answer 3 :
Hi Asif, Contact me .. I am looking for some good expertise to help file my taxes this year.
Answer 4 :
i am selling my farm property and i would like to know if i have to pay capital gains tax in the state of michigan? it is 56 acres and i have to pay the ex wife 50,000 dollars for divorce settlement, any info would be appreciated,, thank you
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Thursday, February 28, 2013
Thursday, February 14, 2013
Help needed in accounting Asap please ?
Help needed in accounting Asap please ?
Jim Yule runs a retail outlet and usually prepares the annual accounts himself on 31 July each year. He’s discovered you are studying accounting and has the following questions for you I’ve read that I should depreciate all my fixed assets: including the business premises. Why should I do this when they are going up in value?†Answer Jim’s questions, explaining in each case the entries required to the profit and loss account and the balance sheet, justifying the treatment in accordance with accounting principles
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
All assets depreciate as they get older. Even if they are going up in value, it is illegal to raise their value in the books. If you happen to sell your asset for more than the value you have it for on the books, you can mark the difference as profit. I'm a bit rusty. I don't remember everything from my accounting classes. Sorry. I know that the account for assets should stay at whatever you paid. Then a new account should be added for depreciation. then if you sell the asset, any profit or loss is marked in another account.
Answer 2 :
You have to depreciate assets, the depreciation is an expense in th P&L and then in the Bal Sheet you have to put in Fixed Assets as a title, underneath you need to state cost, the depreciation and then the NPV, you should consider mentioning SSAP 12 & FRS 15 which deals with the treatment of tangible fixed assets and depreciation of them. Also this is a great website to use http://www.accountingcoach.com/
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Jim Yule runs a retail outlet and usually prepares the annual accounts himself on 31 July each year. He’s discovered you are studying accounting and has the following questions for you I’ve read that I should depreciate all my fixed assets: including the business premises. Why should I do this when they are going up in value?†Answer Jim’s questions, explaining in each case the entries required to the profit and loss account and the balance sheet, justifying the treatment in accordance with accounting principles
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
All assets depreciate as they get older. Even if they are going up in value, it is illegal to raise their value in the books. If you happen to sell your asset for more than the value you have it for on the books, you can mark the difference as profit. I'm a bit rusty. I don't remember everything from my accounting classes. Sorry. I know that the account for assets should stay at whatever you paid. Then a new account should be added for depreciation. then if you sell the asset, any profit or loss is marked in another account.
Answer 2 :
You have to depreciate assets, the depreciation is an expense in th P&L and then in the Bal Sheet you have to put in Fixed Assets as a title, underneath you need to state cost, the depreciation and then the NPV, you should consider mentioning SSAP 12 & FRS 15 which deals with the treatment of tangible fixed assets and depreciation of them. Also this is a great website to use http://www.accountingcoach.com/
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Thursday, February 7, 2013
Are there any universities in the uk where i can study joint actuary and accounting?
Are there any universities in the uk where i can study joint actuary and accounting?
except swansea
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, there are none other than Swansea. If you type accounting into the UCAS course search, none of them list actuarial studies and accounting, or a variant of this except for Swansea. I've done this for you: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=accounting&cmbQual=&cmbAttend=&cmbInst=&button1.x=24&button1.y=11 See, only Swansea has it: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=acturial+studies+and+accounting&cmbQual=&cmbAttend=&cmbInst= Since Swansea is not a prestigious university, I think it'd be better if you study just "Accounting" at a top school. League table is here: http://extras.timesonline.co.uk/tol_gug/gooduniversityguide.php?AC_sub=Accounting+and+Finance&sub=0&x=31&y=9 Don't always rely on league tables, but you can get the general idea from this. Employers hire you based on where you've graduated, not how specific your degree is, in this case.
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except swansea
Studying Abroad - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, there are none other than Swansea. If you type accounting into the UCAS course search, none of them list actuarial studies and accounting, or a variant of this except for Swansea. I've done this for you: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=accounting&cmbQual=&cmbAttend=&cmbInst=&button1.x=24&button1.y=11 See, only Swansea has it: http://search.ucas.com/cgi-bin/hsrun/search/search/StateId/D7JZJ3_WVy-AD9xdbH5keu4YCk64o-Vo5B/HAHTpage/search.HsSearch.submitForm?txtSubject=acturial+studies+and+accounting&cmbQual=&cmbAttend=&cmbInst= Since Swansea is not a prestigious university, I think it'd be better if you study just "Accounting" at a top school. League table is here: http://extras.timesonline.co.uk/tol_gug/gooduniversityguide.php?AC_sub=Accounting+and+Finance&sub=0&x=31&y=9 Don't always rely on league tables, but you can get the general idea from this. Employers hire you based on where you've graduated, not how specific your degree is, in this case.
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Friday, February 1, 2013
International Accounting Standards?
International Accounting Standards?
In relation to International Accounting standards is the ownership of a freehold to a business headquarters, more beneficial that leasing it?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You question doesn't make much sense. IFRS is just a system for reporting financial performance, like any other GAAP. Whether owning or leasing a freehold property is "more beneficial" is dependent on the particular business and its long term needs. If a company owns a freehold, you will have an asset for the property and probably a loan (unless they can buy the property for cash). For a leasehold, there will be no asset, just annual lease payments and a disclosure of the lease commitments. This will be common to most GAAPs and isn't specific to IFRS.
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In relation to International Accounting standards is the ownership of a freehold to a business headquarters, more beneficial that leasing it?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You question doesn't make much sense. IFRS is just a system for reporting financial performance, like any other GAAP. Whether owning or leasing a freehold property is "more beneficial" is dependent on the particular business and its long term needs. If a company owns a freehold, you will have an asset for the property and probably a loan (unless they can buy the property for cash). For a leasehold, there will be no asset, just annual lease payments and a disclosure of the lease commitments. This will be common to most GAAPs and isn't specific to IFRS.
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Monday, January 28, 2013
qualifications needed for accounting job?
qualifications needed for accounting job?
hey, im interested in working as an accountant or account assistant, but im unsure of what qualifications i need to do this and if it will be easy enough to get a job when qualified. so can anyone tell me what qualifications i need to become an accounts assistant? i stay in scotland and work full time so its not possible for me to go to college/uni during the day
Financial Services - 10 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
home course? try the AAT! its brilliant!
Answer 2 :
Get in contact with the ACCA, they have a center in Scotland. they will help, they look after accreditation's
Answer 3 :
You'll need to do the AAT accountancy levels 2, 3 and 4 and then register with AAT to become an accountant.
Answer 4 :
This is the profile taken from a current advertisement for an Accounting Assistant with Argyle and Bute Council, so should be a good benchmark: 'An accounting assistant should be able to communicate well and be confident using IT packages. Good organisational, time management and analytical skills are also desirable. To be eligible for an accounting assistant post the candidate must have a minimum of 3 standard grades. An accountant assistant can progress to senior accounting assistant level and have the opportunity to undertake professional training that will enhance career progression. A qualification such as the Chartered Institute of Public Finance and Accountancy’s (CIPFA) professional accountancy qualification will allow progression to the post of an accountant.' Once you become established in an assistant's job and prove that you're keen to progress, most people find that their employer is more than willing to support further training. Good luck.
Answer 5 :
In addition to AAT and ACCA you should check with CIMA: http://www.cimaglobal.com/ I would recommend evening classes. Those who study alone have much worse pass rates than those who attend classes.
Answer 6 :
Check with your local college but AAT is a good start. In addtion to get a first step on the ladder try doing a SAGE course. SAGE is a widely used accounting software that many business' use and will help you get that first Job.
Answer 7 :
Some job in accounting dont require you to have any qualifications but then you can work up the ladder and get the qualifications as you get more experience. The first qualification to go for is AAT. If you've done some qualifications before like a degree you might not have to do all the levels. You can do it through home learning i think. Look at your local college they might run some courses. Your employer might pay for you to do them if you're lucky. You can do it by day release i think but check that out first. You might even be able to do it through an apprenticeship depending on your age and whether you can do them in Scotland. Talk to your lcoal careers service and find out whats out there. After that you could do CIMA which is the Charted institute of Management Accountants (theres also a council one that you would need to do if you want to work for the council but i dont rememeber what that's called) which can be done by home study. It takes a few years to complete and isnt the easist. Once qualfied the salaries you can get a pretty good though! As for career prospects. Go on the jobcentres website type in accounts and your local area and see how many jobs come up. That will show you whats out there. Around here there are always accounts jobs at any level going. Salaries reflect the expereince and qualifications needed. So the more you have the better the salary. My advice - get a job in an accounts department and learn on the job. Try and find an employer that will support you in some way in getting the qualifications. If you cant find a supportive employer when youre sure thats the career you want pay for the qualifications yourself. Good luck with it.
Answer 8 :
You can get an accounting assistant type job just based upon your experience and knowledge, although it would help to have at least a 2 year degree. In the states an accounting degree now is a part of a 5 year masters program and that is needed to work in public accounting while a 4 year program exists that allows you to work in private accounting. There are a lot of online universities that would let you work your hours and do the school work at night.
Answer 9 :
a pencil and a very big rubber,very little sense of humour and a capacity to sit in very boring meetings.
Answer 10 :
You need an aptitude with numbers, financial transactions and good people skills to be an Accounting Assistant or Staff Accountant. Accounting is the language of Business so job opportunities in this field are plentiful. You can also search for Accounting positions with Banks: www.wellsfargo.com (CAREERS) www.bankofamerica.com (CAREERS) www.wachovia.com (CAREERS) www.chase.com (CAREERS) Your qualifications would also include some college coursework in Accounting. Check out the websites for job descriptions to give you a better perspective as to the qualifications and job duties for the position you are searching for to get some additional information. GOOD LUCK! :-)
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Monday, January 14, 2013
IS A DEGREE IN ACCOUNTING & FINANCE AT L.S.E GOOD ENOUGH TO GET ME INTO INVESTMENT BANKING AT A TOP BANK?
IS A DEGREE IN ACCOUNTING & FINANCE AT L.S.E GOOD ENOUGH TO GET ME INTO INVESTMENT BANKING AT A TOP BANK?
Hi I am about to go into university at LSE but I am not sure what course will be best for me to get into investment banking at a top firm. The university I will be going to will be London School of Economics but what will employers take more seriously for this role. economics or accounting and finance. any advice will help
Investing - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I suggest finance and accounting. And while I'm sure investment banks bring some associates on with undergraduate degrees, they mostly seek MBAs.
Answer 2 :
The LSE is a globally recognised university, so I daresay, any degree from the LSE is likely to put you in good standing with a prospective IB employer. Having said that, there are many, many roles within an investment bank. From secretaries, through, legal experts in the corporate finance department, through risk managers to traders. Each role has a different set of requirements. Most of the time, when people talking of wanting to become an investment banker, they usually refer to one of these departments: 1. Corporate finance 2. Trading For corporate finance, an MBA from a top university (preferably an Ivy league university), is the derigueur. For Trading, a quantitative background is preferably, so the preference seems to be for someone with a Physics or Mathematics background. However this is a very competitive area and most of the time the candidates (i.e. YOUR competitors) will be educated to PHD level. When I worked in an investment bank, I remember some of my colleagues actually had TWO PhD. However, do not be discouraged, it is possible to work in the trading environment without a PHD (for example, I "only" had a Masters degree in maths). However, you will have to bring something else to the table. Hope that answers your question.
Answer 3 :
A LSE degree would be a great start. Go talk to the undergraduate career counciling department at LSE. Ask where people went once they graduated. They should be able to tell you based on major where most folks went. I suspect that many either went into MBA programs directly or went to work for a company where they were expected to earn a MBA part time in a few years. I would suggest you steer toward accounting and finance vs economics. Accounting / finance is more "practical".
Answer 4 :
It's not just the degree which will help, but the work experience you gain whilst studying your degree which will put you in a better position when applying for top banks.
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Hi I am about to go into university at LSE but I am not sure what course will be best for me to get into investment banking at a top firm. The university I will be going to will be London School of Economics but what will employers take more seriously for this role. economics or accounting and finance. any advice will help
Investing - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I suggest finance and accounting. And while I'm sure investment banks bring some associates on with undergraduate degrees, they mostly seek MBAs.
Answer 2 :
The LSE is a globally recognised university, so I daresay, any degree from the LSE is likely to put you in good standing with a prospective IB employer. Having said that, there are many, many roles within an investment bank. From secretaries, through, legal experts in the corporate finance department, through risk managers to traders. Each role has a different set of requirements. Most of the time, when people talking of wanting to become an investment banker, they usually refer to one of these departments: 1. Corporate finance 2. Trading For corporate finance, an MBA from a top university (preferably an Ivy league university), is the derigueur. For Trading, a quantitative background is preferably, so the preference seems to be for someone with a Physics or Mathematics background. However this is a very competitive area and most of the time the candidates (i.e. YOUR competitors) will be educated to PHD level. When I worked in an investment bank, I remember some of my colleagues actually had TWO PhD. However, do not be discouraged, it is possible to work in the trading environment without a PHD (for example, I "only" had a Masters degree in maths). However, you will have to bring something else to the table. Hope that answers your question.
Answer 3 :
A LSE degree would be a great start. Go talk to the undergraduate career counciling department at LSE. Ask where people went once they graduated. They should be able to tell you based on major where most folks went. I suspect that many either went into MBA programs directly or went to work for a company where they were expected to earn a MBA part time in a few years. I would suggest you steer toward accounting and finance vs economics. Accounting / finance is more "practical".
Answer 4 :
It's not just the degree which will help, but the work experience you gain whilst studying your degree which will put you in a better position when applying for top banks.
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Monday, January 7, 2013
Preparing an accounting record?
Preparing an accounting record?
For my accounting degree we have to look at a balance sheet and then use the information included to produce an accounting record, re adjusting the values for certain calculations that have not been included. When you start the accounting record you put all the ordinal values at the top however normally there is just one figure however because we have the balance sheet, i have 3 pieces of information of land and building, cost, depreciation and net book value, which value would i use as my starting point? Thanks for any help
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Net Income, maybe? I don't know if that helps, but hopefully it does.
Answer 2 :
The single fixed assets figure you refer to on a balance sheet is the net book value. When you have all three figures you can show them all but for ltd co.'s the NBV is shown on its own with notes showing the cost price and the total depreciation to date.
Answer 3 :
Were you given a template? It depends. You don't adjust cost in your adjusting entries, which would probably be just: Dr Depreciation expense xxx Cr Accumulated depn xxx so if your template has nbv as cost less accd depn, then you only need to adjust the accd depn amt and the nbv would automatically be recalculated, with the depn expense amt being taken to the income statement.
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For my accounting degree we have to look at a balance sheet and then use the information included to produce an accounting record, re adjusting the values for certain calculations that have not been included. When you start the accounting record you put all the ordinal values at the top however normally there is just one figure however because we have the balance sheet, i have 3 pieces of information of land and building, cost, depreciation and net book value, which value would i use as my starting point? Thanks for any help
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Net Income, maybe? I don't know if that helps, but hopefully it does.
Answer 2 :
The single fixed assets figure you refer to on a balance sheet is the net book value. When you have all three figures you can show them all but for ltd co.'s the NBV is shown on its own with notes showing the cost price and the total depreciation to date.
Answer 3 :
Were you given a template? It depends. You don't adjust cost in your adjusting entries, which would probably be just: Dr Depreciation expense xxx Cr Accumulated depn xxx so if your template has nbv as cost less accd depn, then you only need to adjust the accd depn amt and the nbv would automatically be recalculated, with the depn expense amt being taken to the income statement.
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