http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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Chapter 3: Cost-Volume-Profit Analysis 95 Chapter 3 Cost-Volume-Profit Analysis SOLUTIONS LEARNING OBJECTIVES Chapter 3 addresses the following learning objectives: LO1 LO2 LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of
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Case Seven: Selection Decision Making My name is _____ and I am currently a consultant of Manger Consulting. Our mission is to provide our expertise in management and staffing services of other organizations I’ll have recommendations on selection decision making for Tanglewood. A detailed selection plan will be generated for the new manager position in Spokane‚ a panel will be developed for the selection making decision‚ and guidelines that can be used throughout the chain will be completed. Selection
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HomeWork Week 4 3.2 If a problem is discovered during the budgeting process the manager will be able to create a different plan‚ which will allow them to avoid the problem. 3.12 Predicting anticipated cash shortages is vital for a business. Budgeting allows us to gain an understanding of when these cash shortages might arise and how to best manage them. For example predicting a cash shortage ahead of time will allow applications for loans to be made and hopefully approved depending on current
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`Accounting 6135‚ Advanced Accounting Theory Arthur G. Hendricks‚ Ph.D.‚ CPA professor BU 410 Thursday 7:10 PM to 10:00 PM Required Texts 1. Scott‚ W.R.‚ Financial Accounting Theory‚ 5th edition‚ Prentice Hall (Pearson Education Canada‚ Ltd) 2009 (ISBN 978-0-13-207286-1) 2 Concepts Statement #7‚ Using Cash Flow Information and Present Value in Accounting Measurements‚ FASB‚ February 2000. 3. Optional; The Wall Street Journal. You are expected to read the financial pages of the news media
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followed to reduce the risk of ingestion of a hazardous substance. (6) 3 (a) Explain the meaning of the term `dilution ventilation’. (2) (b) Outline the circumstances in which the use of dilution ventilation may be appropriate. (6) 7 In relation to substances used at work: (i) explain the meaning of the term `toxic’ (2) (ii) describe‚ using an example in EACH case‚ the differences between acute and chronic health effects. (6) 8 Outline the factors to be
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Footwear’s insurance company will cover‚ less the 10% deductable. Overall Proli Footwear will pay out an estimated $180‚000 to cover the damages from the fire. Controller‚ Brian Baddude expects a 10% decrease production in the first quarter of 2015. 4. Proli Footwear’s management refuses to accrue the warranty expense adjustments proposed by West & Fair. Throughout the previous year Proli has been determining their warranties payable according to 0.2% of their annual net sales. Upon further investigation
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price[5]; | 3. Which statement is true about this array declaration? int [] myArray = {1‚4‚3‚5‚6}; It declares a 5 dimensional array. The size of the array is five. It sets the element myArray[1] to 1. It won’t compile due to a syntax error. | 4. Given the following declaration‚ what is/are the value(s) of height[1‚1]? double[‚] height = { {2.1‚ 3.2‚ 6.5‚ 7.2}‚ {5.4‚ 6.7‚ 3.5‚ 3.6} }; 2.1 2.1 5.4 3.2 6.7 6.7 | 5. In the following code‚ the "foreach" statement _____. int[] size
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Divisibility by 7: Now we will study divisibility by 7. One book on speed arithmetic says that these tests are just too complicated‚ and you should just divide by 7. I agree to some extent‚ but my calculator still will not let me enter really large numbers. One interesting way (found in some books) is to take the two left-most digits‚ multiply the left digit by 3 and add it to the second digit. Replace these two digits with the result. Then we can keep repeating‚ always dealing with only the two
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