Paper-16 : ADVANCED FINANCIAL ACCOUNTING & REPORTING DIRECTORATE OF STUDIES‚ THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA Group-IV : Paper-16 : Advanced Financial Accounting & Reporting 47 FINAL EXAMINATION (REVISED SYLLABUS - 2008) GROUP - IV Paper-16 : ADVANCED FINANCIAL ACCOUNTING & REPORTING Q1. Write short notes on the Advantages and disadvantages of setting of Accounting Standards. Answer 1. The Accounting Standards seek to describe the accounting principles‚ the valuation
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Why People Travel Robert Johnson HTT/200 Israel Johnson 8/2/13 Why People Travel People travel to many different places for many different reasons every day. One of the reasons why most people travel is to sight see. For many people seeing new places and things can be very exciting and entertaining. Very often people tend to sight see while doing of the things that almost every single one of us does and that’s going on vacation. Taking a vacation is one of the most common reasons that I think
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Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
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(FALSE) 8.) Managerial accounting places less emphasis on non monetary data than financial accounting? (FALSE) 9.) Direct material cost combines with manufacturing overhead cost is known as conversion cost? (FALSE) direct labor 10.) The cost of shipping parts from a supplier is not considered a product cost? (FALSE) it is a product cost 11.) The fixed cost per unit is constant and does not depend on how many units are produced? (FALSE) it does depend (it is not constant) 12.) Managerial accounting is
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Manufacturer‚" PR Newswire‚ November 25‚ 1992. The Sonoco Products Company Annual Reports‚ Hartsville‚ N.C.: Sonoco Products Company‚ 1989-1992. "Sonoco Restructuring to Include Selling its Stake in Venture‚" Wall Street Journal‚ August 29‚ 1990‚ Section C‚ p. 8. "Sonoco to Buy Plastics Company‚" Florence Morning News‚ January 6‚ 1993 Ulrich‚ D Ulrich‚ D.‚ & Broackbank‚ W. (2005). Higher knowledge for higher aspirations. Human Resource Management‚ 44(4)‚ 498-504. Retrieved August 13‚ 2013‚ from Business Source
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CHAPTER 8 Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Inventory accounts; determining quantities‚ costs‚ and items to be included in inventory; the inventory equation; balance sheet disclosure. Perpetual vs. periodic. Recording of discounts. Inventory errors. Flow assumptions. 10‚ 11 7 12‚ 13‚ 16‚ 18‚ 20 4 5‚ 6‚ 7 Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 8‚ 9 Brief Exercises 1‚ 3 Exercises 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 10 Problems 1‚ 2‚ 3 Concepts for Analysis 1
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Syllabus July 1‚ 2013 ACG2071 – Managerial Accounting 3 CREDIT HOURS |Term/Year: |Summer 2013 | |Reference Number: |386887 | |Instructor: |Ann Meuse | |Classroom: |ATC Room TO208 | | |6:00 PM – 8:40 PM |
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Manufacturing Overhead) ‚ and the Manufacturing overhead just equals the director labor multiply by 200% ‚ the Overhead Rate. These three kind of costs added together we got the total cost‚ and the total cost divided by the each unit built‚ we get the final unit product cost‚ I think it is a rough calculating process. The result depends on the direct labor hours and regardless of any other elements‚ if direct labor dose not account for a larger portion of the product‚ the result will not be accurate.
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iv. Analyzing Company Accounts v. Ratio Analysis II. MANAGEMENT ACCOUNTING 3 i. The Objectives of Management Accounting: ii. Scope of Management Accounting: iii. Functions of Management Accounting: iv. Advantages of Management Accounting: v. Limitations of Management Accounting: vi. Tools and Techniques: III. INTRODUCTION TO FINANCIAL RATIOS 8 i. Financial Ratio Analysis: ii. Users of Accounting Information: IV. DESCRIPTION AND DETAIL OF THE COMPANY – SRI LANKA
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nations have a slow GDP growth while their population growth is constantly rising higher than their GDP. This in-turn provides a low per capita GDP‚ therefore weakening their living standards. Problem 3 Is limitless growth possible? Justify your answer thoroughly. I do not think limitless growth is possible. As growth relies on the resources from The Earth‚ we can only have so much. The ever disappearing resources are consequences of the one basic mistake‚ the commitment to affluence and growth
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