COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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Alternative: One alternative Old Mule Farms can choose is doing nothing‚ and just remain what they did in the past. Right now Old Mule Farms tried to minimize their expense. They sold some of their land to generate funds to cover operating cost; they rented pasturage to feed their cows; they basically focused on feeding heavier cows in order to get heavier calves‚ and then can generate more revenue. They also provide dietary supplements and minerals to maintain calves’ health and productivity. Old
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financials to make sure that the compensation of the employees is fair. In most cases when a union is involved‚ there is a percentage of compensation that has been agreed upon. 1.7) Financial accounting (i) Management accounting (h) Financial reporting (g) Financial statements (f) General-purpose assumption (b) Integrity (c ) Internal control (e) Public accounting (d) Bookkeeping (a) 2.3) Amber Company’s assets total $150‚000 and
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Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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has long been regarded as one of the best writers in the English language. He is mostly known for his development of original plays‚ such as Romeo and Juliet‚ but he is also the composer of 154 sonnets. The sonnet I have chosen to analyze is sonnet 18‚ which reads: Shall I compare thee to a summer’s day? Thou art more lovely and more temperate: Rough winds do shake the darling buds of May‚ And summer’s lease hath all too short a date: Sometime too hot the eye of heaven shines‚ And often is
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Question No 7. Assuming the facts of question no 6. Except that the idle facilities to be used to produce 800 modified hydraulic hoist/month. Sale Price - $4950 each. Variable Mfg Cost - $3025/unit Variable Markt Cost - $550/unit Fixed Mfg O/H and Marketing cost remains unchanged What is the maximum price paid to the contractor?? Should the contract be accepted for a price of $ 2475/unit to the contractor?? Solution: Particulars. | 3000 Hoists | Contract for 1000 outsourced hoist
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William Shakespeare’s use of language in Sonnet 18 establishes an endearing tone in the poem. Firstly‚ the author uses diction in the text to support this tone of endearingness. For example‚ “But thy eternal summer shall not fade”(9). This entails that he is showing love and saying she is eternal‚ neverending‚ unlike summer. His word choice is enforcing the loving tone of the text. The phrase “shall not fade” further nailing in the idea of eternal love. Secondly‚ William Shakespeare uses specific
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