Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power‚ so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw in time of rising prices. 2. Real problem of additivity * Some countries allowed revaluation of non-current assets and the different assets are revaluing
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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for this amount. | | 16 | Purchased copying machines‚ computers‚ and other office equipment for $19‚000. Paid $9‚000 cash and signed a note payable for the balance. | | 28 | Sold an item of office equipment (computer) to a stockholder at its cost of $2‚800. The stockholder paid $800 cash and promised to pay the balance within 30 days. | | 30 | Paid $5‚000 on the liability for the office equipment. | | 31 | Collected $500 from the stockholder who had bought the computer. | Answer:
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Journal of Business Research‚ vol. 3‚ 2001 This article is brought to you by www.bdresearch.org Banking Sector in Bangladesh: Its Contribution and Performance Sharif Rayhan Siddique* A F M Mafizul Islam** Abstract: The paper attempted to highlight the prospects and opportunities of banking sector in Bangladesh. Like other economic sector in the country‚ Banking is one of major sectors which contribute to the national economy. The study tried to furnish the overview of the performances of
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INTRODUCTION Realised-profit‚ matching-based‚ historical cost accruals accounting (HCA) has for over fifty years been repeatedly challenged as being an inadequate basis for the measurement of "income" which reports increments in the value of businesses. Such challenges continue unabated and are made by both accounting standards regulators and by academic commentators. Despite its obvious deficiencies for measuring valuation based income‚ and subject to concept of prudence‚ internationally HCA remains
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CAPACITY ANALYSIS 9-1 No. Differences in operating income between variable costing and absorption costing are due to accounting for fixed manufacturing costs. Under variable costing only variable manufacturing costs are included as inventoriable costs. Under absorption costing both variable and fixed manufacturing costs are included as inventoriable costs. Fixed marketing and distribution costs are not accounted for differently under variable costing and absorption costing. 9-2 The term direct costing
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Health Care Cost Accounting A capitation payment arrangement can be an effective means to control healthcare costs because it allows both the insurer and the employer to predict costs for healthcare services more accurately. When a capitation payment method is used‚ the financial risk of caring for the patient is transferred to the medical delivery system. If the healthcare delivery system does not have a cost accounting system or the ability to develop cost information on each payer and service
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FUTURE OF SHIP-BREAKING INDUSTRY IN BANGLADESH Course Title: Sessional of Business Research Methodology Course Code: BA - 406 Submitted to: Feroz Ahmed Professor Submitted by: Rezwan Mahmood ID # 060329 Business Administration Discipline Khulna University‚ Khulna Date of Submission: September 26‚ 2010 LETTER OF TRANSMITTAL September 26‚ 2010 Feroz Ahmed Professor Business Administration Discipline Khulna University‚ Khulna Dear Sir‚ Here is the report proposal on
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very first emergence and inception of modern civilization‚ Bank plays a pivotal role in case of overall financial and socioeconomic development of any modern country. Loan Classification For a long period after liberation‚ the banking system of Bangladesh operated in an environment of directed lending‚ particularly to priority sectors determined by the government‚ at administered rates of interest. The system of classifying non-performing loans was extremely lax in absence of a standardized loan
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coordinate the individuals’ budgets into a budget for a whole organization. 2) Accounting staff The accounting staff will assist managers in the preparation of their budgets; they will‚ for example‚ circulate and advise on the instructions about budget preparation‚ provide information that may be useful for preparing the present budget‚ and ensure the managers submit their budgets on time. The accounting
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