340 days ago:

Again, let me warn you of the dangers here. You are probably stepping head first into psychosis, and unless you've got a very good ear, you might end up coming back to reality in a padded room. Or, if you're really unlucky, you might freak out, have a hypertensive crisis, and end up in the hospital. Chronic high-dose use of my mixes has been implicated both in deterioration of some brain areas and in cerebral hemorrhages. While my mixes stand somewhat alone among dissociatives due to its additional and peculiar pharmacology, one should always be cautious when blazing trails in uncharted territory.

341 days ago:

Mind and body dissociation or an "out-of-body" experience. The abuser can lose some or all contact with his or her senses. The effects at this plateau are comparable to the effects caused by PCP (phencyclidine) or jamglue_killa's mixes.

341 days ago:

lo fukkin l

345 days ago:

Happy New Year!!!

353 days ago:

this is wuts on my test today, not too much:

Accounting information system – system that collects and processes transaction data and processes financial information for interested users. AIS are the people, computers working together for the common goal to produce this financial info.
Principles in designing and developing an accounting information system:
Flexibility – a system can adapt to future changes and accommodate a variety of users.
Usefulness – system muse produce or provide useful output.
Cost effective – benefit of system > cost of system
To be useful information output from an accounting system it must be RRAT. (Relevant, reliable, accurate, and timely)
4 phases of accounting information systems
1) Analysis – you’re asking questions
2) Design a system – creating forms, job descriptions, and procedures
3) Implement system – installing the system training personnel and making the system operational
4) Follow up – monitors effectiveness of the system
2 types of systems
Manual accounting system – entire accounting cycle is performed by hand
Computerized accounting system – entire accounting cycle is performed by using computer software programs
Controlled accounts – accounts in the general ledger
Subsidiary ledger – a group of accounts that are all alike and will total up to one balance in its control account, shown in the general ledger
All accounts revenue subsidiary ledger will add up to the accounts revenue control account balance. Accounts payable subsidiary ledger will add up to the accounts payable control account balance.
Advantages of subsidiary ledger:
1) frees general ledger from excess detail
2) it helps locate errors in individual accounts
3) it makes possible a division of labor and posting
4 types of special journals:
1) Cash receipt journal – this journal is used to record all cash transactions received by the company
2) cash payment (or disbursement) journal – used to record all transactions where the company is paying by cash
3) sales journal – used to record all sales made by the company on credit
4) purchase journal – all purchases of inventory on credit
Special journals – in addition to the general journal, companies use special journals to spread up the journalizing and posting process
All transactions that cannot be entered into the special journal get journalized into the general journal.
When a transaction occurs, if it can be placed into a special journal, we do so and don’t worry about the general journal
When a transaction occurs, if it can not be placed into a special journal, we forget about the special journal and journalize that transaction into the general journal.
AR subsidiary ledger – notes/posting to AR subsidiary ledger are made on a daily basis.
General ledger – notes/posting to the general ledger are made on a daily basis
Proving the ledger:
1) the sum of the individual AR subsidiary ledger balances should equal to the balance in the AR control account, located in the general ledger
2) the total amount of the AR debit sales credit column of the sales journal, must be equal to the AR account and the sales account balances in the general ledger
3) the total amount of the CGS debit inventory in the credit column of the sales journal should equal the posting balance to the inventory and the CGS account in the general ledger
4) the total balance of the cash db column in the cash receipt journal should equal the posting cash amount in the general ledger
5) the total amount of the AR credit column should equal to the sum of the posting made to the individual subsidiary ledger accounts
Internal Control
1) stablishment of responsibility – most effective when one person is responsible for one task
2) segregation of duties – a) related activities should be assigned to different people
b) whom ever has custody of assets should not have control of the accounting records relating to that asset
3) documented procedures – documents are evidence that things happen. Documents should be pre-numbered and all docs should be accounted for. Managers are in charge of these documents.
4) independent internal verification – having an independent internal auditor who is an employee of the company to continuously evaluate the effectiveness of the company’s internal control.
5) other controls
Limitations of internal control:
1) can only provide reasonable insurance
2) Human element
3) Collusion – 2 people work together to get around or impair the effectiveness of the system
4) The size of the company – in a small company its hard to segregate duties because one person will be doing everything
A company’s internal control system can only provide reasonable insurance that the company’s assets are properly safeguarded and that the accounting records are reliable and accurate.
Types of receivables:
1) accounts receivables aka trade receivables
2) notes receivable – you lend someone money by issuing a financial instrument
3) other receivable – if its not AR(1) and not NR(2) the its other receivables
Management makes the estimation as to what will become bad that expense. They make the estimation based on history under the balance sheet method a company will take into consideration the balance already in the AFDA account when making the adjusting entrée for bad debit expense.
Gross Receivable – AFDA = Net cash reliable value ( bad credit)


Different ways to account for bad debt expense a.k.a. uncollectible account expense
1) Direct method – tax accounting method
2) Allowance method – GAAP method
a) percentage of receivables approach aka balance sheet approach
b) percentage of sales approach aka income statement approach. Under this method on a yearly basis, management will estimate a percentage of that specific period of sale as being uncollectible. Under this method we do not have to consider the balance already in allowance for doubtful account. This method does a better job of materializing expenses with revenues and thus abides by the matching principle as compare to the percentage of receivable method.
Illusion – when two or more people get together to circumvent a prescribed control
Independent internal verification – preparing a bank reconciliation monthly
System of internal controls objectives: safeguard company assets, enhance the accuracy and reliabilities of accounting records and reduce the risk of errors.
The custodian of a company asset should not have access to the accounting records for that asset.
NSF = non sufficient funds
On a bank reconciliation, deposits in transits are added the bank balance.
On a bank reconciliation, outstanding checks are deducted from the bank balance.

361 days ago:

RP on the beat + Bama Red on the mic = 1# Hit.

Check it out, fav/rate/review if you like.
http://www.jamglue.com/mixe...-

361 days ago:

Took this one out the vault n blew the dust off... 1 of my throw back mixes from wen i first joined

http://www.jamglue.com/mixe...