The Accounting Software Installation Project (from Larson‚ E.E.‚ and Gray‚ C.F.‚ 2011 Project Management – the managerial process‚ fifth edition p441) Sitting in her office‚ Karin Chung is reviewing the past four months of the large corporate accounting software installation project she has been managing. Everything seemed so well planned before the project started. Each company division had a task force that provided input into the proposed installation along with potential problems. All the different
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with additional income it covers the clubs expenses. There are usually Membership fees outstanding as well as people who pay in advance. Entrance fees is also a part of the clubs income. This is paid by new members who join the club. This fee is only paid once and stands at R200 for juniors and R400 for adults. The club also has a tuck-shop that sells refreshments as well as a coffee bar The club also has a shop that sells jerseys and socks. The club also gets money if they win a tournament
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• Profits made by running a tuck-shop and bar/coffee shop • Profits made by running a Kit shop What are the club’s main items of expenditure? • Refreshments bought to sell at the tuck-shop and bar/coffee shop • Expenditure on cost price of the club jerseys and socks that get sold at the Kit shop • Operating expenses such as water‚ electricity‚ etc. • Maintenance expenses What ledger accounts are you using in your system in order to record these incomes and expenses‚ focussing on those that
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commandment is most important to you‚ and develop an 11th commandment you would add. When initially utilizing the MS Project software I anticipated it working just like the Microsoft Excel software‚ which was not the case. Therefore‚ the commandment that is most important to me would be‚ Commandment #6 – Thou shall be patient in using the tutorial and help function to learn MS Project. I feel that in order for the application to add up and be understood one must comprehend the basic elements of the
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MegaTech‚ Inc. 1. The elements of the marketplace in which MegaTech operates led the firm to believe that project management would improve its operations are the customer-focused which are a small but loyal of customers‚ and a relatively predictable environment. 2. MegaTech offers a competitive advantage in its industry which is they maintain its internal operating efficiencies. All project teams were given strict cost and schedule guidelines for new product introductions. They create a sophisticated
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Accounting Project James Nevin Term 2 2012 Income‚ Expenses and Recording System Income: The Western Cape Soccer Club has multiple sources of income‚ the main ones being: * Membership Fees – The Club has 260 members who pay different annual prices. Juniors pay R100 per annum and adults pay R250 per annum. * Entrance Fees – The Club charges entrance fees for all new members. Juniors pay a fee of R200 and adults pay a fee of R400. * Tuckshop and Bar – The Club runs a tuckshop and
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receivable. I.e. Earned conducting business and club income. E.g. Membership fees‚ sale of refreshments‚ donations‚ etc. Not sale of assets. Gain to club. Increase surplus. Answer: -membership fees -entrance fees -sale of refreshments -sale of uniforms Question Two: Definition of Expenditure: Refers to the amounts paid or payable. Normally incurred while running the club. Necessary to generate income. Either used up
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income The main sources of income for the Cape Soccer Club are: • The membership fees paid by the members. We charge R450 per annum for adults and R120 per annum for juniors. • Joining fees. R400 joining fee for adults and a R200 joining fee for juniors. • The tuck shop where we sell a range of refreshments. • The Pro-Shop where we sell club jerseys‚ tracksuits‚ T-shirts and socks. 2) Expenditure The main items of expenditure of our club are: • Salaries and wages. • Rental of the facilities
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Peter van Staden About Sports Clubs Sports clubs are non-profit organisations‚ they render services to their members and they use income to upgrade the facilities used by the members. Although the accounting principles for a sports club and a business are the same‚ they are different in the way that the object of a business is to make a profit where as the object of Sports club is to enable its members to take part in one or more kinds of activities. Sources of income Membership fees Juniors
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Introduction Although all accountants adopt the generally accepted accounting rules‚ each industry has its own characteristics. This is why analysts need specific knowledge about the industry so as to decide which set of accounting rules to apply to reflect the financial situation of the corporation best. And in the football industry‚ perhaps the main characteristics is the fluctuations in revenue and net income due to uncertainties in the industry. A team can earn a huge amount of money in this
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