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1  NEEDLEWORK / Needlework: Completed Projects / Re: 'Ello. Labryinth Worm Felt Embroidery on: January 08, 2012 06:33:52 PM
"Don't go that way, never go that way." "If she had gone that way she would have gone straight to the castle!"

Wicked cute! I'll have to make one like it for my sister - she still quotes those lines all the time (and we saw the movie when it first came out).
2  JEWELRY AND TRINKETS / Trinkets and Jewelry: Completed Projects: General / Basic Accounting study guide necklace on: January 08, 2012 06:17:40 PM

So when I was studying for my final I made this necklace for one of the people in my study group. Those of you who have taken Basic Accounting may be able to interpret it without the breakdown (also please check my work please to make sure it is right). It actually helped me a lot because it helped me visualize the basics - once you have the basics down the class is so much easier. I posted the full translation so if anyone wanted to make it for a friend without having to take the class yourself you can. Or if you are about to take the class this quarter - make one for yourself.
Here is the simple break-down:
The financials in the order you prepare them: Income Statement (IS) (green bead), Statement of Owners Equity (SOE) (blue bead), Balance Sheet (BAL) (gold bead)
The Equation: Assets = Liabilities + Owners Equity (Capital, Withdrawals, Revenue, Expenses)
I have a small green bead on the side (debit or credit) that is the normal balance for each account and a small red one for the other side. Then I have a colored bead to show which account is on which financial. At the end of the list of accounts I have CE closing entries signified by a red bead to show which accounts get closing entries. *
Then FIFO (first in first out) and LIFO (last in first out) and five colored beads so you can slide then in the right order to remind you how to do each method of inventory accounting.

*Full translation: (IS) Income Statement (green bead); (SOE) Statement of Owners Equity (blue bead); (BAL) Balance Sheet (gold bead); (A) Assets (small green bead on debit side the natural balance side for this account) (gold bead this account is on the balance sheet); (two silver beads) =; (L) Liabilities (small green bead on credit side / natural balance) (gold bead on balance sheet); (silver bead) +; (OE) Owners Equity which includes { (C) Capital (small green bead on credit side / natural balance) (blue bead on Statement of Owners Equity, gold bead on Balance Sheet, red bead gets a closing entry); (W) Withdrawals / Drawings (small green bead on debit side / natural balance) (blue bead on Statement of Owners Equity, red bead gets a closing entry); (R) Revenue / Sales / Fees Earned (small green bead on credit side / natural balance) (green bead on Income Statement, red bead gets a closing entry); (E) Expenses (small green bead on debit side / natural balance)(green bead on Income Statement, red bead gets a closing entry)} (CE) Closing Entry (red bead); (FIFO) First In First Out (red, gold, peach, green, blue beads) (LIFO) Last In First Out so to remember how to do it - if it is FIFO you think of it in this order red, gold, peach, green, blue, if it is LIFO you think of it in reverse (blue, green, peach, gold, red). Ta Da!

Also - the debit side is the left and the credit side is the right.
3  NEEDLEWORK / Needlework: Discussion and Questions / Re: DMC Floss- Is it just me? on: July 09, 2011 02:30:01 PM
Not just you - I can tell when I start working with my stash which is the new stuff and what is my old DMC (I used to stitch a long time ago and just started back up a few years ago).
As for cost - if there is a Joanns near you keep an eye out - every few months they have 4 for a $1.00 (.25 each) and twice a year they have them for .20 each limit 20 skiens.
4  NEEDLEWORK / Needlework: Completed Projects / Re: Magnolia Cross-Stitch on: June 29, 2011 04:51:41 PM
That is beautiful! Great job!
5  NEEDLEWORK / Needlework: Completed Projects / Re: Looking Glass Clock on: March 08, 2011 05:16:15 PM
That is awesome! Love the idea of the backwards clock.
That image is actually tatoo'd on my shoulder - that is my favorite illustration from the book Smiley
6  NEEDLEWORK / Needlework: Completed Projects / Re: Tiff's Zombie Wedding on: March 08, 2011 05:04:51 PM
Great job! I'll bet she loved it! Welcome to crosstitching - it is addicting.
*scurries off to find that book in my stash*
7  NEEDLEWORK / Needlework: Completed Projects / Re: Kenwood House in Blackwork on: February 15, 2011 10:38:46 AM
Amazing job! Impressive that you essentially designed the whole piece (esp. the house) yourself!
What about a thin silver frame - I think that would look classy.
8  NEEDLEWORK / Needlework: Completed Projects / Re: WKRP "Turkey Drop" x-stitch on: December 21, 2010 09:43:26 AM
thisbirdsabsurd- that is the one! Thank you so much that made my morning.
9  NEEDLEWORK / Needlework: Completed Projects / Re: Girly gift - monagram sachet on: December 19, 2010 11:49:34 PM
So pretty! I'm always scared to stitch on linen.
P.S. if you need any lavender for the sachet shoot me a PM - I've got a mini lavender farm and have a little leftover from my x-mas present sachets.
10  NEEDLEWORK / Needlework: Completed Projects / Re: some finished hoops.. on: December 19, 2010 11:45:04 PM
Wow, the finishing on the hoops looks great - as does the stitching!
I never thought to use fat quarters for projects - what a smart idea!
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