Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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(a) Analyse the methods by which Gross Domestic Product (GDP) may be measured. (10 marks) In order to effectively analyse the ways in which GDP is measured and why this is‚ we must first identify what GDP is. Gross domestic product (GDP) is the total value of output in an economy and is used to measure change in economic activity. GDP includes the output of foreign owned businesses that are located in a country following foreign direct investment. For example‚ the output produced at the Nissan
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interest of its citizens. Financial statements are the traditional way in which a government’s performance is reported. Traditional financial statements provide fiscal information and indicate if a profit was made. However‚ according to Mead profit is not the main objective for governments. “Most governmental entities do not have a profit motive‚ although they try to ensure that sufficient resources are raised to cover their costs. Making ends meet is important because it helps to ensure a government’s
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directly related to the company itself‚ rather than the stock’s price movement or the overall state of the market. Profit Margin Anal ysis A company’s stock price‚ in large part‚ is driven by the company’s ability to generate earnings. Therefore‚ it is useful for investors to analyze the profitability of a company before investing in it. One way to do this is by calculating and tracking various profit margins‚ which reflect how efficiently a company uses its resources. Profit margins are expressed
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THIS month of July‚ we traditionally celebrate the Nutrition Month with the theme: "Isulong and Breast Feeding- Tama‚ Sapat at Iksklusibo". Breast feeding campaign is for everybody especially the nursing mother. Is there a need to campaign and promote it? What is the relevance and benefits of Breast Feeding? Breast Feeding in a simple point of view is providing the babies of the most valuable medical contributions to infant health. Human Milk is scientifically proven by the scientist and doctors
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Non-Profit vs. For-Profit The main difference between non-profit and for profit healthcare organizations are; Non-profit hospitals don’t need to pay property‚ sales or income taxes and receive grants from the government and through donations. They were designed to provide discounted fees for service or no fee to those in the surrounding communities with limited to no funds for healthcare‚ basically the poor or those who fall within the guidelines of those below poverty level. The tax exemptions
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AN INVENTORY MANAGEMENT SYSTEM FOR ITALFIL PORCELAIN TRADING COMPANY Arceli M. Basi Holy Angel University An Inventory Management System for Italfil Porcelain Trading Company Every organization whether manufacturing or trading in nature constantly strives to determine the appropriate logistic system and to maintain optimum inventory to be able to meet its
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Governmental Financial Reporting Presented by David R. Koeppen‚ Ph.D.‚ CPA Department of Accountancy Boise State University dkoeppen@boisestate.edu Topics • • • • • Introduction Reporting Basics Fund Accounting Government-wide Financial Statements Summary and Conclusion Introduction • • • • Purpose of Financial Reporting Generally Accepted Accounting Principles Characteristics of Governmental Entities Effects of Characteristics on Financial Reporting Purpose of Financial Reporting • Private sector
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BABUSIN :Business Information Systems CASE STUDY NO. 2 How Executives use an Information System Submitted to: Jefferson A. Costales‚ MIT‚ IBM-CDA‚ MCTS‚ ZCE‚ OCE Professor Submitted by: Group No. 1 Aguilar‚ Jr. Carlos T. - Leader Amable‚ Meriam M. Antazo‚ Eralyn Mae M. Bagtas‚ Lou Monica A. Balingit‚ Catherine A. Course/Year/Section BSBM / 3/B Date: December 15‚ 2014 Hands-On Guide: 1. Identify the most important facts surrounding the case. 2. Identify the key issue or issues
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COSTS AND COSTING 6 6.3 PROFIT AND LOSS AND BALANCE SHEETS . Simple Financial Calculations . Analysing Performance - The Balance Sheet . Analysing Performance . Analysing Financial Performance . Profit And Loss Forecast . Profit And Loss Calculations . The Balance Sheet Exercise P 213 . Your books tell you what’s happened in the past. . Your cash flow forecast is about what may happen in the future. . What about now? How are we doing right now? For every single bit of goods or services you supply
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