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Category: Accounting

Retention and Graduation Rates At Westcliff University Featured Image

Retention and Graduation Rates At Westcliff University

December 21, 2020 by Tuong Dao

Abstract This qualitative study’s primary purpose was to examine general and academic factors and living conditions and their influence on student retention at Westcliff University (W.U.). The study’s objective was to investigate current international students holding F-1 visas and their experience and concerns surrounding W.U’s expertise. One-on-one interviews were conducted to derive data from three …

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Petty Cash Journal Entry Example in U.S. Companies

Petty Cash Journal Entry Example in U.S. Companies

September 29, 2020 by Tuong Dao

Petty cash is small amounts of money issued to a few employees (e.g., office administrators, human resources managers, treasurers) to buy office supplies or organize the company’s events. The amounts are generally less $500. As an accountant for three different companies, I think that the process of issuing petty cash is the same for big …

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Becoming A Staff Accountant in Southern California

Becoming A Staff Accountant in Southern California

September 29, 2020 by Tuong Dao

I have been working as a staff accountant for three different companies in the past three years. All of them are in Southern California, Orange County, to be exact. From my experience, getting an accounting job in Southern California is not difficult as there are plenty of opportunities around. I think three main factors that …

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Accrual Basis in Cash-Based Companies

Accrual Basis in Cash-Based Companies

September 29, 2020 by Tuong Dao

Accrual basis and cash basis are the most fundamental concepts of accounting. Students, who major in business administration or accounting, often learn these definitions on the first days in their accounting classes. When I first learned about these two methods in my accounting classes in college, I thought that a business could only follow either …

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Accounting for Closed Stores with An Active Lease

Accounting for Closed Stores with An Active Lease

September 29, 2020 by Tuong Dao

I will discuss accounting for closed stores in this post. I chose this topic because one of the companies that I used to work for operates through a network of retail stores across the U.S. These retail stores sell products directly to customers. When I first began with the company, I was assigned two states …

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