Raimee Is Coordinating a Continuing Education Program for Elders

question 41

Multiple Choice

Raimee is coordinating a continuing education program for elders.Which of the following pieces of advice should she follow?

• A)Relate new material to what elders have already learned by drawing on their experiences and giving many vivid examples.
• B)Present the information in one session or in several short sessions.
• C)Present information at a fairly rapid pace so it is not quickly forgotten.
• D)Do not provide handouts and outlines because they are often cumbersome.

Analyze and journalize business transactions and understand their effect on the accounting equation.

Compare and contrast accounting conventions and practices under GAAP and IFRS.

Understand the principles of double-entry accounting and the normal balance for various types of accounts.

Identify and apply the correct process for posting journal entries.

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Definitions:

Sales on Account

Revenue generated from sales where payment is yet to be collected, often recorded as accounts receivable.

Disbursements Section

A part of cash flow management that records cash outflows or payments made by a business during a specific period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping managers ensure that sufficient cash is available for operations.

Budgeted Sales

The projected amount of sales, often expressed in units or revenue, that a company expects to achieve in a specific period.