2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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P4-39 a) Net Operating profit after Taxes (NOPAT) * NOPAT2011= 2114-714-2 +(51-87)*.37 * NOPAT2011=$1389 b) Net Operating Assets (NOA)= Operating Assets- Operating Liabilities * NOA2011= (17849-1103-22) - (8663-557-441)- 1183 NOA2011= $7876 * NOA2010= (18302-1826-90) – (8978-663-35) – 1256 NOA2010= $6850 c) RNOA2011= NOPAT/ AVG NOA * RNOA2011= 1389/((7876+6850)/2) RNOA2011= 18.86% NOPM2011= NOPAT/SALES * NOPM2011= 1389/50272 NOPM=2.76% NOAT2011=
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1. Arredondo‚ Inc. has current assets of $2‚170‚ net fixed assets of $9300‚ current liabilities of $1350‚ and long-term debt of $3980. Building a balance sheet for this company‚ address the following questions: a. What is the value of the shareholders’ equity account for this firm? b. How much is net working capital? Arredondo‚IncBalance Sheet | Assets Liabilities and Owener`s EquityCurrent assets $2‚170 Current
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1. What is the most important difference between a corporation and all other organizational forms? 2. What does the phrase limited liability mean in a corporate context? 3. Which organizational forms give their owners limited liability? 4. What are the main advantages and disadvantages of organizing a firm as a corporation? 5. Explain the difference between an S corporation and a C corporation. 6. You are a shareholder in a C corporation. The corporation earns $2 per share before taxes
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Ethical Dimensions of Financial Accounting with Respect to the Keeping of Two Sets of Records. Ateneo Graduate School of Business Managerial Accounting Assignment 1 Submitted to: TSMANACC By AR2012 Financial accounting serves to provide useful financial information to help stakeholders make economic decisions through financial reports. There are various stakeholders that use financial reports to promote their varying interests. Among the various stakeholders with varying
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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PROJECT MANAGEMENT Project management can be said to be the management or control of a unique set of co-ordinated activities‚ with definite starting and finishing points‚ undertaken by an individual or team to meet specific objectives within defined time‚ cost and performance parameters. There exist various methods for managing projects. The most common which is most suitable for large size projects is PRINCE2 Pons (2008).
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To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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Proposal for campus bar 1 A proposal to establish a campus bar at Texas A&M University at Galveston. ’Java the Hut ’ is the campus coffee shop located in the library. It is the only place on campus that provides a leisure setting to sit and relax‚ or any social benefits. It is beneficial to 850 students living in the campus residence halls and 350 students living in the neighboring University Apartments. However‚ limited operation hours restrict the benefits the coffee shop provides to students
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SAT Prompt for 10th Grade Images and impressions do have too much of an effect on people. They obstruct a person’s view of other people or things. Television commercials are good examples of making people convinced of something. Teenagers are also good at making images and impressions have a major effect. Magazines are also an example of the way images strike people. Images and impressions are very much relied on to amp up sales‚ change a style‚ or even convince someone of something. Television
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