CHAPTER 16 (fin man); chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial
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23‚ 24 |28‚ 30‚ 31 |35‚ 36‚ 37‚ 38‚ 39‚ |43‚ 45 | |LO3 – Introduce the four key financial statements | | |40‚ 41‚ 42 | | |including the balance sheet‚ income statement‚ | | | | | |statement of stockholders’ equity and statement of | | | |
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a bad debt is recognized only when we know the debt will not be paid (evidence-‐based) (2) A/R is reported in the statement of Financial Position (balance sheet) at the gross amount. (3) Direct write-‐off method use 2 accounts for recording A/R and Bed debts ! A/R: total amount owing to the business by its customers
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the amount and to what percentage does one specified area alters to another; more commonly quarterly or annually. In this trend analysis the trend will highlight a pattern of number and their annual alteration reflected on McDonald’s Corporation Balance sheet and Income Statement over the last four years. Over the last four years the McDonalds income statements have been showing an array of fluctuations on its: revenues‚ operating income‚ net income‚ and its earnings per share. The revenues; more specifically
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Part 1 (a) True. (b) False General-purpose financial reports helps users who lack the ability to demand all the financial information they need from an entity and therefore must rely‚ at least partly‚ on the information in financial reports. (c) False Standard-setting that is based on personal conceptual frameworks will lead to different conclusions about identical or similar issues. Another‚ and past decisions may not be indicative of future ones. (d) False Information that is decision-useful
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BALANCE OF TRADE AND BALANCE OF PAYMENTS – An Introduction The balance of payments account indicates a systematic record of all export incomes and import payments of a country during any year. Any import from abroad has to be paid for. On the other hand‚ any export will bring money flow into the country. If we subtract the total value of the imported commodities from the total value of the exported commodities of a country‚ what we obtain is called the ‘Balance of Trade’ of the country. If the
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the Annual Report and Form 10K And The Balance sheet – Pepsi & Coke The following instructions apply to all problem sets and to all individual assignments. Respond to the following questions. In your responses refer to the page numbers or footnote numbers in Coca Cola’s 2012 Annual Review and 201210-K where the information used in located. Except where the question only asks for a presentation of calculations (such as the common sized balance sheet) your responses should be in sentences and
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file of PSYCH 550 Entire Course you will find the next documents: PSYCH 550 Week 1 DQ 1.doc PSYCH 550 Week 1 DQ 2.doc PSYCH 550 Week 1 Individual Assignment Learning Paper.doc PSYCH 550 Week 2 DQ 1.doc PSYCH 550 Week 2 DQ 2.doc PSYCH 550 Week 2 Individual Assignment Simple Stimulus Learning Paper.doc PSYCH 550 Week 3 DQ 1.doc PSYCH 550 Week 3 DQ 2.doc PSYCH 550 Week 3 Learning Team Assignment Classical Conditioning Paper.doc PSYCH 550 Week 4 DQ 1.doc PSYCH 550 Week 4 DQ 2.doc PSYCH 550 Week 4 Individual
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Financial and Managerial Accounting M1-21 Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts (a)‚ (b)‚ (c). Which of these companies is more owner financed? Which of these companies is more non-owner financed? Discuss why the proportion of the owner financing might differ across these three businesses. ($ millions) Assets = Liabilities + Equity Hewlett Packard….$74‚708 = $36‚962 +
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Home Work (Chapter One) 1. Define each of the following statistical terms: a. Descriptive statistics b. Statistical inference c. Population d. Sample 2. Explain whether each of the following represents a population or a sample. a. Number of goals scored by all teams of champion’s league. b. Cars owned by 200 families in Dammam. c. Monthly salaries of all employees of a company. d. Yield of tomatoes per ha for 20 plots of land. e
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