Accounting Exam 1 Flashcards

Central Army Registry is your single access point to Army training resources, such as Field Manuals, Training Support Packages, Individual and Collective Tasks, Drills, Courseware and more. Army Emergency Relief is a private, nonprofit organization that was created to help Soldiers and their Family members who experience financial emergencies. AER provides funds to help Soldiers with immediate financial needs with rent, utilities, emergency travel, etc. The U.S. Army Combat Readiness Center preserves Army readiness through analysis, training, and the development of systems that prevent accidental loss of our people and resources. Army 365, which leverages Microsoft 365 capabilities, provides the Army with an enduring capability to collaborate across the force. The system hosts a range of resources to include video and voice teleconferencing, email, instant messaging, and access to shared drives.

Accounting Exam 1 Flashcards

Their goal is to reassure Survivors that they remain valued members of the Army Family. Supply and Maintenance Assistance Review Team is made to streamline and improve unit level logistics support through a single source logistics suggestion program. Submit a suggestion with them to receive help on unit level logistics. Service Members’ Group Life Insurance offers low-cost term coverage to eligible service members. If you’re a service member who meets certain criteria, we’ll automatically sign you up. You are automatically insured for the maximum coverage of $400,000, unless you have reduced, canceled, or declined coverage.

The Accounting Equation

Trusted End Node Security creates a secure end node from trusted media on almost any Intel-based computer . TENS boots a thin Linux operating system from removable media without mounting a local hard drive. Administrator privileges are not required; nothing is installed. TENS turns an untrusted system into a trusted network client. No trace of work activity or malware can be written to the local computer.

RAPIDS ID Card Office allows you to schedule any CAC or ID card services appointment as well as manage some of your CAC information . The Procurement Integrated Enterprise Environment is the primary enterprise procure-to-pay application for the Department of Defense Accounting Exam 1 Flashcards and its supporting agencies and is trusted by companies reporting over $7.1 billion in spending. Preventative Maintenance Monthly is intended to enhance materiel readiness by emphasizing preventive maintenance and promoting proper maintenance and supply procedures.

An Economic Event That Has A Direct Impact On The Business

Classify the accounts as assets, liabilities, or owner’s equity. Update the balance of retained earnings and prepare revenue, expense, and dividend accounts for next period’s transactions. Buzz Newsstand had the following sales and cash receipt transactions for May. In your working papers, the accounts receivable subsidiary ledger and general ledger accounts have been opened with current balances.

Enrolling in a course lets you earn progress by passing quizzes and exams. Any activity of a business enterprise that involves the exchange of values. Deciding or Determining the meaning and importance of financial information.

Accounting Exam 1 Review

The Mobile Digital Training Facility is a wireless networked classroom of 10 notebook PCs designed to be connected to the unit’s local wireless network for use wherever and whenever access to distributed learning is needed. It will deliver individual and collective training to Soldiers and DA Civilians anywhere and anytime. MilSuite provides a collection of social business tools for DOD personnel that facilitates professional networking, learning, and innovation through knowledge sharing and collaboration. Joint Services Transcript is an academically accepted document approved by the American Council on Education to validate a service members military occupational experience and training along with the corresponding ACE college credit recommendations. The Joint Risk Assessment Tool is an interactive, easy-to-use, automated system designed to assist users with the application of risk management in accordance with Joint Publication 3-0, Joint Operations, and Service-specific publications.

Accounting Exam 1 Flashcards

An online information management system used for storing and managing military personnel records. It electronically stores evaluation reports, some medical documents, college and military transcripts, awards, diplomas, and more. A web-based human resources system that provides integrated personnel and pay capabilities and a comprehensive HR record for all Soldiers in each component. A Digital Training Facility is a computer lab located on Army installations and Reserve sites worldwide. Units use DTFs to conduct training that improves individual and unit readiness.

Users Of The Accounting Information: Companys Profitability, Debt Outstanding, And Assets That Could Be Used To Secure Debt

The Psychological Health Center of Excellence is one of the Centers of Excellence within the Research and Development Directorate of the Defense Health Agency . PHCoE collaborates across the Department of Defense and with the Department of Veterans Affairs and other agencies to provide leadership and expertise to inform policy and drive improvements in psychological health outcomes. The Protected Internet eXchange , is a US government-sponsored program to assist with unclassified information sharing among US government agencies and military, as well as with foreign partners. PiX helps people working on similar problem sets connect with each other in a secure space. MyMEB was developed by medical, information-management and administrative specialists to address a perceived need for Soldiers to know more about the MEB process and how it affects them.

  • MHSG is the new electronic health record for the Military Health System and provides enhanced, secure technology to manage your health information.
  • G9 integrates and delivers Family and Morale, Welfare and Recreation programs and services enabling readiness and resilience for a globally-responsive Army.
  • Accounting profit is used internally by management when evaluating performance but is mostly used by external users like creditors and investors.
  • A concept of accounting in which expenses are matched with the revenue generated during a period by those expenses.
  • Below is a chart comparing PCC’s tuition to the average tuition of Oregon public and private universities.
  • Machine 2 has an economic profit of $25,000, which equals its accounting profit since the investment opportunity would have been taken.
  • The Federal Voting Assistance Program works to ensure Service members, their eligible family members, and overseas citizens are aware of their right to vote and have the tools and resources to successfully do so – from anywhere in the world.

Learn to help businesses thrive with financial, communication, and organization skills taught by faculty with industry experience. Prepare for a creative career with classes focused on current professional practices and taught by faculty connected to local employers. The Learning Lab offers adaptive assessments and personalized learning plans to help focus where the most improvement is needed. And our full library of practice tools, aligned to academic standards, can help your student do it at their own pace. We have hundreds of free tools and resources for self-guided learning. The controls achieve a sensible balance of reducing risk when compared with the cost of the control. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying.


– Facilitates analysis and recording of financial information. Looking at business events – “Transactions” – Determining their effect on the business. Course Hero is not sponsored or endorsed by any college or university. Amounts which are owed to the company by its customers resulting from credit sales. Are expenses that are costly and require year of planning and saving. Liability created when customers pay in advance for products or services; earned when the products or services are later delivered. Represents ownership in a publicly held company which entitles owners to dividends (if declared by the company’s Board of Directors), voting rights on matters affecting the company, and in the elections of Boards members.

Military OneSource is your 24/7 connection to information, answers and support to help you reach your goals, overcome challenges and thrive. As a member of our military family, you are eligible to use this Department of Defense-funded program anytime, anywhere. Military OneSource offers assistance with tax services, spouse employment help, webinars and online training, relocation and deployment tools, and much more.

Classifications Of Businesses: A Business That Makes A Product To Sellautomobile Manufacturerfurniture Makertoy Factory

The report provides the unit commander a one-line rollup of a Soldier’s monthly pay account status making it easier to review the Soldier’s pay. All available documents in the battalion S-1 or the unit PAC should be used to verify data on the UCFR (e.g. unit rosters, AAA-162 Unit Personnel Accountability Report, , DA Form 4187s, AWOL files, Article15 files, etc.). MHS GENESIS is the new electronic health record for the Military Health System , provides enhanced, secure technology to manage your health information. MHS GENESIS integrates inpatient and outpatient solutions that will connect medical and dental information across the continuum of care, from point of injury to the military treatment facility. This includes garrison, operational, and en route care, increasing efficiencies for beneficiaries and health care professionals. MEDPROS is the Army’s automated database designed to meet Department of Defense requirements in maintaining unit and individual medical readiness. It is designed to provide commanders with a real-time, world-wide operational system to manage the medical readiness and deployability of their unit.

  • Medical Operational Data System is designed to provide the provide Army Medical Department leadership with an integrated system to manage AMEDD human resources , logistics, education, manpower, and Army medical readiness programs.
  • DHAP provides early identification of emerging deployment related health conditions and serves as a gateway to care and treatment.
  • The Green to Gold Active Duty Option Program is a two-year program that provides eligible, Active Duty enlisted Soldiers an opportunity to complete a baccalaureate degree or a two-year graduate degree and earn a commission as an Army Officer.
  • It is designed to provide commanders with a real-time, world-wide operational system to manage the medical readiness and deployability of their unit.
  • The Procurement Integrated Enterprise Environment is the primary enterprise procure-to-pay application for the Department of Defense and its supporting agencies and is trusted by companies reporting over $7.1 billion in spending.

Financial Disclosure Management is a secure, Army electronic filing (e-filing) system for its authorized users to file and maintain required financial interest reports anywhere via a Web browser. Financial Liability Investigation of Property Loss, or FLIPL, is the procedure the Army uses to recover the cost of lost or damaged property.

Portfolio Essay A portfolio is a grouping of financial assets such as stocks, bonds and cash equivalents, as well as their funds counterparts, including mutual, exchange-tra… A business transaction that involves a purchase on account is considered to be a a. A concept of accounting in which expenses are matched with the revenue generated during a period by those expenses. Activities related to cash inflows and outflows from transactions with owners and creditors who supply funds to operate the firm and return to the owners; dividends paid, borrowing money, etc. A transaction that decreases one claim and increases another claim; total claims remain unchanged. For example, accruing interest expense is a claims exchange transaction; liabilities increase, and the expense recognition decreases retained earnings.

Report The Activities That Affected Owners Equity For A Specific Period Of Timeuses Net Income From The Income Statement

The advantage of the combined Human Resources Command is that it enables every soldier in the U.S. Army to manage their entire career from basic training until retirement and later through one office. Most HR related links can be found scattered across their site as well as current and past milper messages. It is the profit shown on the income statement and is calculated by subtracting explicit costs from revenue. If the firm invests in machine 2, they can expect an accounting profit of $25,000. This is calculated by finding the product of the expected demand of 5,000 units and the $15 profit per unit, which equals $75,000, and subtracting the cost of the machine ($50,000).

Key Facts About Revenue

Home use of the antivirus products will not only protect personal PCs, but will also potentially lessen the likelihood of malicious threats being introduced to the workplace and compromising DoD networks. DISA Home Use is now being offered to government employees and defense contractors with an approved .mil email address. Anti-Terrorism Enterprise Portal gives you resources on how to spot and report possible terrorist activity. PCC has programs for many types of non-traditional students. Below is a chart comparing PCC’s tuition to the average tuition of Oregon public and private universities. PCC’s tuition is half the amount of public universities, and 8 times less than private universities. Varsity Tutors connects learners with a variety of experts and professionals.

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