Quebec's next bookkeeper: 2016

jeudi 24 mars 2016

It all started like this.

February 29Th, 5:13 p.m.

You are in your computer accounting class and your teacher speak with a monotone voice. Your eyes are getting heavy and you slowly but surely fall asleep.

A few minutes later, your teacher ask you, "What is equity?" You suddenly wake up and reply "I don't know." Your teacher looks at you with angry eyes. Just before she asks you to leave the class because you were sleeping, you get absorbed by your laptop.

You are now in a balance sheet and to survive you must bring back budget's equity and you have only $10 in savings that you can use in you mission. Use it wisely.

You start the labyrinth by going up one cell and see that you have to choose between going right or going forward.

Scene 1.

You decided to go right, now you go down three cells. You suddenly see a minus six who's theft. You have the choice to either attack and loose six dollars from your savings or run back.

Scene 2.

If you are here, it means you decided to attack the minus six and loose six dollars from your savings. Now you go left one cell and move along until you see retired plus ten. You have the choice to pass by and do nothing or to finish him and have ten dollars more in your savings.

Scene 3.

You decided to pass by and do nothing. While you were continuing your way, a minus forty attack you by surprise and you can't react in time. You are dead, go back to the beginning.

Scene 4.

Now that you finished the plus ten, a secret door opens and you decide to go in. You continue your way and eventually you see a new intersection. You can either go left or forward.

Scene 5.

You decided to go left and you realize that you are in a roundabout. To get out of it, you need to find the definition of "asset"

The capital used in the operation or investment activities of a business

The properties used in the operation or investment activities of a business.

Scene 6.

By going forward you see the end of the labyrinth. To formalize the end of your mission open the exit door.

Scene 7.

You have decided to run back, by doing so, you look down and see big footsteps. You follow them and end up seeing a minus five doing sexual harassment on a plus one. You can deter the minus five for its misconduct. You can also let the perpetrator do its thing and pass your way.

Scene 8.

You attack the minus five and a secret door appears before your eyes. You follow the secret way a long time before you see an intersection. You can either take left or forward.

Scene 9.

You passe your way and you go down for two cells. After, you continue your way until you see that you are in a roundabout. To continue your mission you need to answer the question bellow:

The bookkeeper has less responsibility than accounting? or more responsibility than accounting?

Scene 10.

You had the good aswer! A mistery door open and a secret passage appears. You can continue your mission. You are slowly progressing and after a few minutes, you finally saw the final door of the labiryth.

Scene 11.

You have decided to go forward, by doing so, you look down and see big footsteps. You follow them and end up seeing a minus five doing sexual harassment on a plus one. You can deter the minus five for its misconduct. You can also let the perpetrator do its thing and pass your way.

Scene 12.

You had finish your mission ! Congrualation. You are now in a new piece with a lot of intercomes and you hear : "So, what is the equity mister?". You slowly wake up...

February 29Th, 5:15 p.m.

You can retart the story here

mercredi 16 mars 2016

Glossary

As you know, I'm studying Accounting and there is a lot of difficult terms related to this field of study. So, in this article, I will give you a definition of some important words in this profesion.

Account: A record or statement of financial expenditure or receipts relating to a particular period or purpose.
Asset: The properties used in the operation or investment activities of a business.
Liabilities: Claims by creditors to the property (assets) of a business until they are paid.
Equity: Equity is the value of an asset less the value of all liabilities on that asset.
Budget: An estimate of income and expenditure for a set period of time.
Income or Revenue: The gross increase in owner's equity (capital) resulting from the operations and other activities of the business.
Expenditure: Payment of cash or cash-equivalent for goods or services, or a charge against available funds in settlement of an obligation as evidenced by an invoice, receipt, voucher, or other such document. See also revenue expenditure, capital expenditure.
Capital: Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Cash flow: The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Cash Cycle: Measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales. It is thus a measure of the liquidity risk entailed by growth.
Credit: An entry entered on the right side of a journal or general ledger account that increases a liability, owner's equity or revenue, or an entry that decreases an asset, draw, or an expense.
Debit: An entry entered on the left side of a journal or general ledger account that increases an asset, draw or an expense or an entry that decreases a liability, owner's equity or revenue.
Finance: the management of large amounts of money, especially by governments or large companies.
Double Entry: Type of accounting/bookkeeping system that requires every transaction to be recorded in at least two places (accounts) using a debit and a credit. Every transaction is recorded in a "formal" journal as a debit entry in one account, and as a credit entry in another account. Periodically, usually monthly, the summarized balances from the journals are posted (transferred) to a formal business record called the general ledger.
Balance Sheet: The financial statement which shows the amount and nature of business assets, liabilities, and owner's equity (capital) as of a specific point in time. It is also known as a Statement Of Financial Position or a Statement Of Financial Condition.
Income Statement: The financial statement that summarizes revenues and expenses for a specific period of time, usually a month or a year. This statement is also called a Profit and Loss Statement or an Operating Statement.
Capital Statement: The financial report that summarizes all the changes in owner's equity (capital) that occurred during a specific period.
Interest: A sum paid or charged for the use of money or for borrowing money. And such a sum expressed as a percentage of money borrowed to be paid over a given period, usually one year.
Investment: The action or process of investing money for profit or material result.
Loan: A sum of money that is expected to be paid back with interest.

References:

Checked and revised with the help of the Virtual Writing Tutor grammar checker

A Day in the Life of a Bookkeeper : Summary

Today, I will talk to you about a day in the life of a bookkeeper. A bookkeeper is like an accounting but with less responsibility. I choose this profession because I love numbers and calculate things. More, I know computer as much as I know myself. I don't want to be an Accountant because I really prefer do budget and plan profit.

On the website The Princeton Review You can find every day-in-the-life you want. I take the bookkeeper profession and now I will summarize this article.

Bookkeeper work most of the time for little firms. They check the cash flows. They have a lot of responsibility and do long hours. They need to know all about what other employees are doing to have the good information about what happening with the money. Computer is the best tool for a Bookkeeper because it allows to communicate and entering accounting activities. More than the work of the accountant is good, more the company will benefit of that.

Accounting and Bookkeeping are similar, but Accounting have more fiduciary obligations and more responsibility, but a better salary comes with this. Bookkeeper don't need a good education but the employers prefer when they have a major.

In this Job, you need to be always concentrate and focus on details. You also need to use the better method for tracking cash flows and make sure the information is good. The double-entry method is a good system and he is the most use.

Is Egyptians who's the first to do a system to track thing. They are tracking grain shipments and warehouse storage. Several thousand years later, Luca Pacioli developed double-entry bookkeeping. Now, this system is on computer and is this system who's the most use in the world bye Bookkeeper. When you study all accounting software packages, you are more able to have a good job.

The job consists of entering accounting activities, works with departments, accounting and management. It also consists of planning expenditures and revenue streams. Salary us better when you take experience. Hours depend to what you need to do, but the full satisfaction comes with time.

References:

jeudi 18 février 2016

Free Accounting and Bookkeeping Help

This website is a free online help to learn about bookkeeping and accounting. The person who created this website is David W. Marshall. He has been in the bookkeeping profession for almost 40 years. He has created this website to help people who want to learne accounting and bookkeeping. The website offers bookkeeping tutorials, accounting glossary and you can also play games and do some quizes. This website helps people who are studying Accounting with some terms and lessons about this field of study.

How to use the Free Accounting and Bookkeeping Help to learn the bookkeeping languange

In this video, I will do a walkthrough demonstrating how to learn the bookkeeping languange on Free Accounting and Bookkeeping Help. https://www.youtube.com/watch?v=mN7k56As-qA

jeudi 28 janvier 2016

Are you unsure how to pronounce a word? Use your browser's speech synthesis system to pronounce any word or phrase you type into the input box below. Adapted code based on Jason Mayes' example here: http://codepen.io/anon/pen/xGXZaW Click the HTML button of your blog, and copy/paste the code found here. I checked this blog post for common grammar, punctuation and spelling errors using a free online ESL grammar checker.

Hi, My name is Stephanie Leroux and I'am nineteen years old. I am studying Accounting at college and I want to be a bookkeeper after the university. Numbers and math are my passion in life and I want to share it with you on this blog.