Lesson 1

The two approaches have many aspects in common but there are two key differences that distinguish one from the other. The difference in cash accounting and accrual accounting is the way debits and credits are applied in bookkeeping. Cash based accounting recognizes income at the time it is actually received. This means that invoiced income is not counted as an asset until payment for the invoice is received. This approach is also used for debits and any expenses incurred are not posted until they are paid. Small businesses often time use the cash accounting because it is simple and easy. It is important to recognize that this type of accounting can complicate matters when the business is up for sale or a merger is offered. The type of accounting method used in any business should not be assumed.

The cash basis of accounting records revenues when cash is received and expenses when cash is paid out. The accrual basis of accounting records revenues when they are earned and expenses when resources are used.

balance sheet and income statement (Yes.  Accounts receivable will be on the balance sheet and the advertising expenses on the income statement)

a) The opening Act of King Lear evidently portrays Lear’s downward movement as it coincides with Aristotle’s structure of Greek tragedy. The play begins with Lear, a hero of noble birth and ruler of Britain, in an ordered society soon to be disrupted by a fatal flaw that is the result of his excessive pride. His journey from the ordered to the disordered world becomes apparent after he hands his land over to his two elder daughters and banishes his youngest daughter Cordelia from the kingdom. The initial situation began when Lear asks Cordelia, “What can you say to draw / A third more opulent than your sisters?” (I i 87-88), in which she answers “Nothing, my lord” (I i 89). This demonstrates Lear’s arrogance and triggers

God can only guide, but it us who decide what we are known by in society. “You do not need super powers to be a Superhero… Heroes are made not born” (Pacquio) Individuals who stand up for what is correct and help other’s discover pride in their lives can be considered Hero’s. As to that person it can completely change their life. This idea is illustrated in “A Lesson Before Dying" by Ernest J. Gaines. Grant Wiggins, Jefferson, and Paul, three of Gaines characters that profited, exemplified, and comprehended the most essential lesson before dying. Each of us has been made by God with potential to be incredible, and to help other people achieve enormity.

In the film A Lesson Before Dying the young African American Jefferson was accused of murdering three innocent men. During the court trial Jefferson’s attorney called him a “hog”. In “If We Must Die” by Claude McKay's poem has a strong message about Racism, Pride, and the struggles of being an african american in the United States. I believe that Jefferson is not a hog, should get treated fairly, and should not have suffered for something he did not do.

Using DiskPart, you can create four primary partitions or three primary partitions and one extended partition.

I read a historical fiction novel about racism called A Lesson Before Dying by Ernest J. Gaines. Gaines was a was an African American man who was born in 1933 and grew up on a plantation in Louisiana. He earned 50 cents a day picking potatoes at the age of nine. By the age of 15, he moved to California with his aunt and that’s when his passion for reading grew stronger. Disappointed to find that none of the books he read had nothing to do with the world he knew, he decided to write some stories himself (Magnier). Therefore, the main themes of his works come from his childhood. His first few famous novels were published around the 1970’s: Of Love and Dust (1967) and The Autobiography of Miss Jane Pittman (1971); Gaines received the U.S. National Book Award for A Lesson before Dying in 1994. The purpose of this book is to show people how it felt to be put in the shoes of a black man in the southern states of America in the 1940’s.

Some of the similarities between a Lesson Before Dying and Making a Murderer are that Jefferson and Steven Avery were both accused of the same crime, both were in the wrong place at the wrong time, and they were both innocent. First, in a lesson Before Dying Jefferson was accused of murdering Bear, Brother and Mr.Grope. In Making a Murderer Steven Avery was accused of murdering Teresa Halbach. Secondly,In a Lesson Before Dying jefferson was in the wrong place at the wrong time. Also in Making a Murderer Steven Avery Finally,in a lesson Before Dying we knew that Jefferson was innocent.Also, in Making a Murderer I think that steven avery was framed because they found that his blood sampul was tampered with. In conclusion, these are the similarities

Under GAAP, it is possible to use cash-basis or accrual basis accounting for revenue recognition. Under cash basis, revenue is recognized with payment is received. Under accrual basis, revenue is recognized when it becomes economically significant. GAAP has specific requirements for various industries on when an event qualifies to be recognized as revenue.

The major distinction between the accrual and the cash basis of accounting is when revenue and expenses are recognized. When the cash method is used, revenue is recorded when money is received. Expenses are recorded only when money is paid. The Accrual method accounts for revenue when it is earned. Expenses for goods and services are recorded when they are incurred. The

Accrual accounting is an accounting method that is utilized to size the performance and of a company by recognizing circumstances regardless of when cash transactions occur. They are documented by matching revenues to expenses at the time in which the transaction occurs rather than when a payment is processed. This method allows the current cash credits and debits to be combined with future expected cash flows to give a more accurate picture of a company 's current financial state. It is ideal to use this method of accounting if an organization has a revenue of more than five million per year. While the accrual method shows the flow of business income and debts more accurately, the downside to this method of accounting is that financial advisers may be blindsided as to what cash reserves are available, which could ultimately result in some serious cash flow obstacles. A common example that I have seen used which helps me understand is when your income ledger may show thousands of dollars in sales, while in reality your bank account is empty because your customers haven 't paid you yet. Cash Basis accounting is when revenues are documented when cash is received and expenses are recognized when paid. The cash basis of accounting is usually utilized by small companies with a revenue of less than one million annually. The cash method provides a more accurate picture of how much actual cash your business has. Cash basis accounting is allowed for tax purposes only for smaller

According to this concept the asset is recorded in the books of accounts at the price paid for it and not at its market value. For example: if a business entity purchases a building valued at $15 million from a friend for $12 million, this asset would be recorded at $12 million and not at $ 15 million, because for the business entity the cost was $12 million and not $15 million.

QuickBooks is a software used by many small businesses and is designed to help manage payroll, inventory, sales and other needs of a small business. The new accounting software is more cost-effective than other existing ones and deters the need for a personal accountant. It’s simpler to use and will be of value for the business and the salesmen behind it. QuickBooks helps with everyday organization like keeping up and managing cash flow, invoicing, reports, taxes and payroll through your computer or phone screen. The software's main purpose is to alleviate the use of multiple tables and graphs, spreadsheets, and tracking sheets that are necessary to document and maintain accounting tasks for a business. You don’t necessarily need a

QuickBooks has the ability to create a projected balance sheet, profit and loss statement and