PPT-Accruals and Prepayments

Accruals basis of accounting The accruals basis of accounting means that to calculate the profit for the period we must include all the income and expenditure relating to the period whether or not the cash has been received or paid or an invoice received. ucsfedufinsystemshbsasp Monthly vs Bi Weekly Accruals Component Monthly Bi Weekly Calculation Based on total hours worked time on pay stat us in calendar month Because each month has variable number of working hours monthly leave accrual will vary Ba 5 Prepayments. You need to set up an on - line prepayment for court bookings, the minimum amount is Golden rule . We only include items of expense and revenue that apply to the accounting period when preparing the trading profit and loss account. Accounting period = the time frame associated with the account being prepared . In order to be compliant with GAAP (Generally Accepted Accounting Principles), the University must include in its financial statements all expenses that are incurred during the year, as well as all in Revised March 2011. Presented by. :. Rick . Grunewald. Budget Office. Recording date of this workshop is . March 25, 2011.. Some of the rules and procedures discussed in this workshop are subject to change.. Mark Fielding-Pritchard. mefielding.com. 1. Principle. Sally moves to New York from London. She goes to work by metro. On 1 January . 2016 . she buys a one year metro/subway/underground ticket paying in cash $1200. The ticket allows unlimited travel all year, . Prepared by John . Lafare. Vice President & Director, Information Technology Group. The Capital Group Companies. Sacred Symbols of Wall Street?. About the Capital Group. Who we are:. One of the world’s largest and most respected . Revised March 2011. Presented by. :. Rick . Grunewald. Budget Office. Recording date of this workshop is . March 25, 2011.. Some of the rules and procedures discussed in this workshop are subject to change.. Accruals. Made to record:. . Revenues earned and . . OR. Expenses incurred . in the current accounting period that have not been recognized through daily entries.. Adjusting Entries for Accruals. Revised March 2011. Presented by. :. Rick . Grunewald. Budget Office. Recording date of this workshop is . March 25, 2011.. Some of the rules and procedures discussed in this workshop are subject to change.. Revised March 2011. Presented by. :. Rick . Grunewald. Budget Office. Recording date of this workshop is . March 25, 2011.. Some of the rules and procedures discussed in this workshop are subject to change.. DissectingAnomaliesthatincludesall-but-microcapstocks.Differenceofmeanstestsontheaverageslopesfromtheregressionsfordifferentsizegroupsthenprovideformalinfer-encesaboutwhethertherelationsbetweenaverage TAXATION LAWWhat is TOFA and how will it affect you Senior Associate Corrs Chambers Westgarth Lawyers Detailed planning required for new Review of tax and accounting policiesessential to choose most a How to Use This Template. Review the template and take note of slides that require customization based on your process with your outside law firms. Add / update slides with your company’s information and process.