ACCT556 Budgeting Project TO THE STUDENT Fantastic‚ Inc. is a case study which allows you to incorporate numerous financial and managerial accounting concepts into a single business setting. You will take the position of the company controller who will prepare the budget for the year ended December 31‚ 2006‚ using the actual data from 2001 through 2005 and information given to you by various departments. You will prepare a report for the president of the company describing the strengths and
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IT Planning at Modmeters Introduction This paper discusses the various aspects of IT planning at Modmeters Company which has two strategies of expanding globally and providing direct-to-customer sales. The role of IT is important in the expansion initiatives of Modmeters. The executives of various departments held a meeting to identify the budget requirements for the expansion. The plan is to establish new plants in Asia and Eastern Europe where the infrastructure facilities are not sufficient required
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a Musical Instrument is an Important Hobby Audience: Students just starting secondary school. I don’t know how many of you play an instrument‚ but I personally have been playing the drums for just about two years now. Although I don’t play in a band or even have a strict practising routine I find them to be a key part of my life now‚ something that I would find very difficult to live without. As you are starting secondary school‚ this is an ideal time to start playing an instrument. Not necessarily
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BUDGETARY CONTROL Budget is a plan which is expressed in terms of definite members: Eg. of a plan – Production has to be increased in the next quarter Eg. of a budget – Production has to improve by 10000 units from the last quarter to the next quarter. Definitions: According to ICMA “budget is a financial & / quantitative statements‚ prepared & approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. They may
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explain the change in the cash balance by looking at the changes in the other balance sheet account. The term cash on the statement of cash flows refers broadly to both currency and cash equivalents such as certificates of deposit or money market instruments. Net income is not cash flow Net income is revenues less expenses Cash flows are the increases and decreases in the cash balance Cash does not always flow in the same accounting period as revenue is earned and/or expenses are incurred. This
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According to Attrill and Mclaney‚ 2009‚ there are four (4) approaches to capital budgeting. The net present value (NPV) is one of such and is a summation of all discounted cash flows(Present Value) associated with whichever project(s) are undergoing appraisal. Every appraisal method have decision rules‚ examples include the Payback Period(PBP) which stipulates the approval of projects that pays back the initial investments within a specific period. For this method (Net Present Value) to be most
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A SUMMARY OF CAPITAL BUDGETING TECHNIQUES E A G C EDIRISINGHE - FGS/02/25/01/2012/044 COURSE MBA 61043- CORPORATE FINANCE SECOND YEAR SEMESTER ONE – 2013 Master of Business Administration Faculty of Commerce and Management Studies University of Kelaniya Course Instructors : Dr.P.M.C. Thilkarathne Dr.D.K.Y. Abeyawardena Corporate Finance - MBA 61043 CAPITAL BUDGETING TECHNIQUES Faced with limited sources of capital‚ management should carefully decide whether a particular project
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STRATEGIC PLAN OF THE CONSTRUCTION SECTOR EDUCATION AND TRAINING AUTHORITY 2011 - 2012 AUGUST 2011 STRATEGIC PLAN OF THE CONSTRUCTION SECTOR EDUCATION AND TRAINING AUTHORITY 2011 - 2012 Introduction This strategic plan represents the CETA’s programme of action for 2011/12. It is based on an adaptation of the template prescribed by National Treasury for government departments and public institutions. In terms of strategic goals it responds specifically to the goals of NSDSIII‚ with the exception
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CPA Regulation Negotiable Instruments and Secured Transactions Negotiable Instruments and Secured Transactions What is a note and who are the parties to a note? © 2011 HOCK international 91 A note is a written promise to pay money. Notes are different from drafts in that notes are a promise to pay. If there is any doubt whether a document is a note or a draft‚ the holder of the document can decide what it is. There are two parties involved in a note. 1) The Issuer (Maker) is
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‘The law is an instrument of the ruling class.’ To what extent do sociological arguments and evidence support this view? (21 marks – 30mins) Traditional Marxists would argue that law making and law enforcement only serves the interests of the ruling class. Chambliss argued that laws to protect private property are the cornerstone of capitalist society. His argument was in regards to a case studied in Britain’s east African colonies. The British introduced a cash tax that if unpaid was a criminal
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