2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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The Joe Camel Ad Campaign was created by the R. J. Reynolds U.S. marketing team in 1987. R. J. Reynolds created this ad campaign because at the time the company’s brand “Camel” was seen as an old mans cigarette. Because the youth market is such an important market to tobacco companies‚ as in their eyes they see young people as “representing tomorrow’s cigarette business”‚ Joe Camel was created in hopes of popularizing the Camel brand among younger people. This campaign‚ although the R. J. Reynolds
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Joe & The Juice Agency Brief 1. Company information and overall product status Joe & the Juice A/S operates as a food and beverage company which supplies snacks‚ fruit drinks‚ smoothies and coffee drinks. The company was incorporated in 2002 and is based in Copenhagen‚ Denmark‚ where it has 31 locations. The company has stores also in Germany‚ England‚ Norway‚ Sweden and Iceland. However‚ the brief is focused on the Danish market. Founder and Chief Executive Officer: Mr. Kaspar Basse
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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“Get the dirty job done” is my Grandpas favorite quote. Joe Popma is 84 years old. Born on November 5‚ 1931‚ Joe was the middle child of 7 siblings Joe for his free time played in the park with his best friend‚ Salvy Spina. For his jobs he started peddling papers at the age of 12‚ and worked in a bakery at 13‚ and then in an ice cream store at 14‚he had to walk 5 miles to get there. He had to give all of the money he earned to his dad. His favorite hobbies are completing puzzles‚ he usually does
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Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative and other operating
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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The Positioning of Jif Peanut Butter in Today’s Market Southern New Hampshire University “Choosey Moms choose Jif” is a phrase we have heard time and time again on television commercials. The endorsement of Mom implies that Jif is a healthy‚ nutritious food to serve the family. In today’s world‚ simple peanut butter is not enough; we are a society of wanting more. In this paper‚ we will look at the marketing position and the market share of Jif Peanut Butter‚ produced since 1958
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