enlarge its business‚ improve the ability to manage accounts receivable and inventory‚ control operating expense better and raise funds in the capital market. We also recommend the NN Bank to extend the loan to BLC‚ keep close supervision of inventory and account receivable and adjust the loan limits. Finally‚ the conclusion and takeaways that are drawn from the case will be stated. Key Words: Cash Flow，Working Capital，Least Square，Inventory Management Contents 1. Background 4 1.1 About the company
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ACCG908 CPA – Strategic Management Accounting Class 1 Appendix 1.1 to Module 1 Creating Organisational Value Class 1 – Introduction to Unit and to Your Exam Planning Review of Assumed Knowledge contained in Appendix 1 to Module 1 prepared by Patrick Gallagher North Ryde Unit Convenor using CPA 104 Study Guide Module 1 © CPA Australia Session 2 2014 READING THE MODULE is the most important thing to do before each class! Introduction to class in SMA � We will be concentrating on the
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two categories: primary activities and support activities. The five primary activities are: inbound logistics‚ operations‚ outbound logistics‚ sales & marketing‚ and service. The four support activities are: firm infrastructure‚ human resources management‚ technology‚ and purchasing. The inbound logistics function at S&S includes all processes involved in receiving merchandise and storing it. S&S does not manufacture any goods‚ thus its operations activities consist of the processes involved
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CapitalBanc Corporation case 2.4 1- Management assertion is a set of information that the management provided it to the auditor‚ so the auditor will make sure there are no material misstatements. According to AU 326‚ paragraph 3‚ management assertions can be either explicit or implicit and can be classified according to three categories: Assertions about transactions‚ assertions about accounts balance‚ and assertions about presentation and disclosure. The auditor has to keep in mind that the
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Name ___________________________________________ Accounting 201 Unit Test II Instructor: Tracy Gillis VERSION ONE Fall 2011 * You can take the exam apart if you wish‚ but return ALL pages‚ even if unused. * There are six multiple choice questions and four problems for a total of 35 marks. * Watch your time‚ 1.8 minutes per mark * Show all of your work on the blank pages provided. Do not crowd your work. 1. ___ | 2. ___ | 3. ___ | 4. ___ | 5
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recover customer debts bonuses to production operatives Vic’s receivables ledger balances total $50‚000‚ which does not agree with his trade receivables control account. The following errors were found: (1) A credit note for $750 was not recorded in the receivables ledger (2) A contra entry of $2‚000 was entered in the control account but not in the receivables and payables ledgers. What should be the total of the balances on his receivables ledger after correcting the following errors? A B C D 3 $52
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the loan. Management Integrity In No. 8 there is a significant turnover amongst higher-level positions. This turnover is possibly intentional and thus a greater chance for fraudulent activities. 2. No.1 - The acceptable audit risk is Medium. The auditor would have to prove that the articles are material. No. 6 - Pinnacle Manufacturing is a risky client and the auditors should check and verify each account. The acceptable audit risk is assessed as low. No. 8 - Management is changing
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a). |Account Balance |% change 2010-2011 |% Change 2009-2010 | |Net sales |1.45% |2.70% | |Cash |5.41% |-9.19% | |Net income |16.50% |-39.54% | |Accounts payable |37
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Oracle Systems Corporation Summary Since its formation in California in June 1977‚ Oracle Systems Corporation has grown rapidly to become the world’s largest supplier of database management software. It also offers maintenance‚ consulting‚ training‚ and systems integration services and it is the leader in its industry. But currently‚ its way of revenue recognition has been debated. Under Oracle’s current set of accounting rules‚ Oracle can recognize any revenue they believe will be shipped within
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Add: ADVANCE \r 1 Net income 4‚300 4‚300 Less: Dividends 1‚700 Retained earnings‚ May 31$2‚600 Special Delivery Balance Sheet May 31‚ 2012 Assets Cash$ 15‚800 Accounts receivable 6‚200 Equipment 56‚000 Total assets$78‚000 Liabilities and Stockholders’ Equity Liabilities Notes payable$28‚000 Accounts payable 2‚400 Total liabilities$30‚400 Stockholders’ equity Common stock 45‚000 Retained earnings 2‚600 47‚600 Total liabilities and stockholders’ equity$78‚000 (b)Special
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