Kaplan-University AC 113 Unit 2 Exam

1. Question : Which concept requires accounting records be base on verifiable and objective evidence? Question 2. Question : Which accounts are found on the income statement? Question 3. Question : What type of stakeholders are managers an example of? Question 4. Question : What is the order of preparation for financial statements? Question 6. Question : What are the four forms of a business? Question 8. Question : What are the three types of business operations that are for profit? Question 9. Question : These items can be found on what statement: assets, liabilites and owners equity. Question 10. Question : Which of the following is a control in accounting? Student Answer: The accounting equation must balance. The ending cash on the statement of cash flows must equal the cash on the balance sheet. The net income on the income statements must equal the net effects of revenue minus expenses. Question 11. Question : Which is an example of a capital market stakeholder? Question 13. Question : Which of the following expresses the accounting equation accurately? Question 14. Question : What accounting concept is associated to recording assets at their cost or purchase price? Question 15. Question : What activity is part of generating revenue for a business? Question 16. Question : Which statement is the first to be prepared? Question 17. Question : Which is not a major objective of financial accounting? Question 18. Question : What types of accounts are listed in the balance sheet? 4,000 cash in exchange for shares of capital stock.

The size of this kind of organization can make clients feel secure and confident in enlisting in their services. Freelancers are individuals who can take on all the necessary design and development responsibilities. These kinds of providers often work very closely with others to get the job done, and such close collaboration between fewer people (or in some cases, just one person), means that consistency is easy to achieve. Working alone or in a small group can also generate more motivation and dedication to completing projects in which clients can be guaranteed satisfaction. In this type of arrangement, what you see is what you get: the professional freelancer you meet on the Web will be the Web specialist for your project, and can be held personally accountable. In contrast, in working with a larger company, a perfect stranger may be assigned as your account manager once the sale goes through. However a freelancer is not someone you want to choose if you are planning on a large site like a content management system of an e-commerce site. You want to know that if your site requires maintenance, constant updating or changes you can depend on them.

With a freelancer you may find it hard to track the person down vs a company that is more likely to still be in business years down the road. Depending on the size and complexity of your site, a big agency may be the right choice. A larger company may be in a position to deliver bigger projects more quickly than can an individual freelancer. An individual freelancer may often need either to subcontract or learn certain skills or technologies in order to get a job done. This can mean extra time and/or cost, and, depending on the freelancer involved, can also result in a less-than-expert product. For this reason, if your project requires the use of a particular language or technology, it’s a good idea to seek out designers who already specialize in that area or a broad range of products and services. To further refine your list of possible designers, you’ll want to make note of their service rates. The prices designers put on their services can vary drastically. Compare rates between firms with similar levels of education, experience and talent.

Like most purchases, with Web development, you tend to get what you pay for. If your project is fairly small and straightforward, freelancers may charge less than big agencies. By “small”, I mean a site with a few pages and a contact form and small database. Once you’ve narrowed the list, get in touch with the companies concerned, explain your project, and ask for an exact price quote. Make sure your designer can outline the total cost and the work in detail for you. If you have questions, don’t be afraid to ask, and remember: it’s not unreasonable to negotiate a lower price than quoted if you feel the quote price is not justified. If possible, also take a look at the companies Web contract. Make sure that the client is protected, and be sure to check the copyright and payment policies. Make a note of the companies response time, too.

You want to work with someone who’s readily available, easy to contact, and who will get back to you promptly. Look for, and ask about a guarantee of work. Guarantees show potential clients that the company cares about making them happy and is doing its best to ensure your project’s success. After you have narrowed your choice down to just a few designers, it’s time to contact them and check their references. Call the providers first and ask questions. Are they polite on the phone? Are they good listeners? Were they helpful at all? If they are difficult to talk to and you don’t like the way they treat you, it will be difficult to work with them. Check each provider’s references by reading any testimonials on the site and perhaps even talking to past clients. If there are no testimonials, ask for references when you call the provider. You are looking to hire, so you have the right to check their work references. Finally, it’s a often good to try and find a company that is local because it a good idea to meet with the designer in person and go through your project ideas. Even at this point, you are not obligated to enlist in their services unless you are perfectly confident they are the right person for the job. Follow these steps and you should increase your chances of successfully finding and hiring a Web designer or developer who meets your needs and those of your project. This process may seem like a lot of work, but when you’re spending thousands of dollars, over many years, on your online presence, it pays to do your homework!