ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Task dependencies Wysocki (2012‚ pp.204) identified dependencies as “a relationship that exists between pairs of tasks”. In projects planning‚ the work breakdown structure (WBS) forms the basis for determination of tasks and their dependencies. Once the WBS is established - often in diagrammatical form‚ tasks and their dependencies can be easily mapped in the project network diagram. Project network diagram graphically represents project commencement and ending with tasks‚ activities‚ various
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Task 1 links to learning outcome 1‚ assessment criteria 1.1‚ 1.2‚ 1.3‚ 1.4 and 1.5.‘Please keep me safe.’ This simple but profoundly important hope is the very minimum upon which every child and young person should be able to depend.Protection of Children in England ‘A progress report 12th March 2009’ | 1. Make a booklet• an outline of current legislation‚ guidelines‚ policies and procedures within own UK Home Nation affecting the safeguarding of children and young people• an analysis of how national
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Eyewitness Identification In the Supreme Court case of Lorenzo Prado Navarette and Jose Prado Navarette‚ Petitioners‚ versus the state of California (argued January 21‚ 2014‚ decided April 22‚ 2014)‚ two men argued that one of their constitutional rights had been violated. In August of 2008‚ a Mendocino County dispatcher received a call from a woman reporting that another vehicle had run her off the road (Navarette v. California‚ 2014). The dispatcher notified the California Highway Patrol (CHP)
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(January–April): 1–22. Bannister‚ J. W.‚ and Newman‚ Harry A. 1996. Accrual usage to manage earnings towards financial forecasts Barnea‚ A.; Ronen‚ J.; and Sadan‚ S. 1975. The implementation of accounting objectives: An application to extraordinary items Beidlerman‚ C. R. 1973. Income smoothing: The role of management. Accounting Review 48 (October): 653–67. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1993. Security design. Journal of Finance 48 (September): 1349–78. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1997. Financial system
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Introduction: With a rapid increase in industries from the last few decades‚ equally corresponding increase in the hazardous materials in process. The industries became larger and often situated in or close to densely inhabited areas. Therefore it is need of the day to develop comprehensive approach to the prevention of human and economic loss or any occurrence associated to the hazards. In the forthcoming paragraphs we will discuss in detail hazards‚ risks associated to hazards and how preventive
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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