Analysis TUTORIAL - WEEK 10 Accounting for Financial Instruments and Foreign Currency Transactions Learning Objectives: 1. Understand what is a financial instrument‚ and how can they be categorised. 2. Accounting for a particular type of financial instrument – a “compound instrument” 3. Understand the accounting treatments of foreign currency transactions at: Date of transaction; Balance date (if applicable); Settlement date. 4. Analyse the accounting treatment of foreign exchange differences
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Case Study: 6 – Wal-Mart Case Study: Data Communications at Wal-Mart Case Study: Data Communications At Wal-Mart? There are many things Wal-Mart has done to improve its data communications systems for suppliers. Their chief improvement was the implementation of the sales and inventory data to their suppliers. Suppliers could log in and gain access to all of the sales and inventory data to more efficiently stock Wal-Mart with their products. A key component of data security
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short-run or long-run In the long run‚ a company must price its product to cover its costs and earn a reasonable profit Most case: Company does not set the prices‚ competitive market does Price takers: the companies cannot set the price of gasoline by itself; the price of gasoline is set by market forces (the supply of oil and the demand by customers) Ex: farm products or minerals Other situations: 1. The Company set the prices. (Special order) 2. A company can effectively differentiate its product
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Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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AEGISPEOPLESUPPORT CASE STUDY AT Aegispeoplesupport‚ corporate social responsibility defines everything that they stand for and do. They actively implement programs for improvement of society and the environment. Every year‚ they better their contribution to the environmental and social causes both financially and with respect to corporate social responsibility. They support social causes around the globe and encourage its employees to contribute towards the communities they live in. They support
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Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) Student Answer: period cost. incremental cost. opportunity cost. None of the above Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 3. Question : (TCO A) Property taxes on a company’s
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hereinafter referred to as ’Burberry’‚ is a holding company producing and selling luxury apparel wear and accessories via various global networks. The company operates via two channels‚ being Retail and Licensing. It is considered to be the 94th most valuable brand worldwide according to Forbes Most Valuable Brands List‚ [http://www.forbes.com/powerful-brands/list/] ‚[2014] [Accessed: 8 January 2015]‚ and 1‚614th place on Forbes’ World’s Biggest Public Companies list‚ possessing a market value of 10.2 Billion
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Return on Sales- Profit Before Tax / Net Sales * Return on Capital- After Tax Return on Ave Gross Capital Employed Their Financial and Operating Objectives include: * Sales growth by 10.5% per year * After tax profit margin to improve by 6% * Achieve 15% after tax return on ave invested capital (ATRIC) * Maintain AA Bond rating The financial department has recently changed Product Line Profit and Loss (P/L) from “Trading Profit” to “Economic Profit.” The objective of this change
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Chapter 6 Notes o Cost Of Merchandise Sold- revenue is reported as sales‚ cost is reported as merchandise sold o Sales- Cost of Merchandise Sold = gross Profit o Gross profit-operating expenses = net income o Merchandise. Inventory- merchandise on hand (not sold) at the end of the accounting period o Multi-step income statement- contains several sections‚ subsections‚ subtotals o Sales-total amount charged customers for merchandise sold – (cash sales‚ and sales on
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Paper Reference(s) 7011/01 London Examinations GCE Accounting Ordinary Level Thursday 8 January 2009 – Morning Source booklet for use with Questions 1 to 6. Do not return the insert with the question paper. Printer’s Log. No. H33195A W850/7011/57570 4/4/4/ *H33195A* Turn over This publication may be reproduced only in accordance with Edexcel Limited copyright policy. ©2009 Edexcel Limited. SECTION A SOURCE MATERIAL FOR USE WITH QUESTION 1 1. Freda Latte has opened a
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