UNIVERSITI UTARA MALAYSIA COLLEGE OF BUSINESS SESSION A131 ______________________________________________________________________________ COURSE CODE : BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such‚ it differs from other accounting courses learnt previously. It
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Ways to Prevent Overdue Accounts Want to improve the way you run your business? For any company‚ having overdue accounts wreak havoc on cash flow and liquid assets. In a small business‚ tracking down the guilty parties is both a financial and physical drain. It’s easy to say "don’t do business with deadbeats"‚ but the realities of things are much more complex. Most firms bring in collection agencies for debt. Be sure to find out: • How information about delinquent accounts will be transferred to
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Uncollectible Accounts Acc281: Accounting Concepts for Health Care Professionals Charity Care and Bad Debit Hospitals usually count bad debit in the non-compensation costs but there is a question of whether or not it should be included. There is some gray area when it comes to the difference between bad debit and charity when it comes to the Health care environment. Bad debit that won are bills that people don ’t pay for whatever reason and there is a difference between those who won ’t pay
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CYP Core 33 6.3 Explain why it is important to work with the child or young person to ensure they have strategies to protect themselves and make decisions about safety All children and young people need strategies to make certain that they can protect themselves and make appropriate decisions about safety. Although it is important that children and young people learn to protect themselves taking their own risks are equally important as long as significant harm will not take place. Children
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CYP Core 3.1 Understand child and young person development 2.1 Explain how children and young peoples development is influenced by a range of external factors. Health Status A mixture of genetics and other factors can affect a child or young persons health. There maybe conditions such as Cystic Fibrosis (lung disease) sickle cell disease (abnormal red blood cells) diabetes etc that all have an impact‚ even general things like the common cold or viruses can have an affect on a child. Disability
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Accounting Project SHAREHOLDER’S FUNDS Shareholders’ funds are the balance sheet value of the shareholders’ interest in a company. For company (as opposed to group) accounts it is simply all assets less all liabilities. For consolidated group accounts the value of minority interests should also be excluded. The addition of minority interests gives us “shareholders’ fund including minority interests”. A further adjustment gives us total equity. SHARE CAPITAL The capital collected by a joint
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with every purchase 3. Average price is mainly affected by the amount bought at the different prices. 3. The calculated average does not represent any actual price paid for the stocks Fig. 1 Advantages and disadvantages of AVCO method and stock valuation Worked example 1: Information relating to a sole trader’s receipts and issues of stock for the year 2008: 2008 Receipts Issues January 1 600 units @ $2 each February 14 400 units May 16 1 000 units @ $4 each July 21 800
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BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income Increase (Decrease) ($ 72‚000)
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AC4.1 Explain the implications of consumer-related legislation on customer service delivery. Legislation is the most important restriction placed on organisations. There are many laws that affect the delivery of customer service. Implications of these on customer service can include products or services meeting the regulations and that staff need to know and follow clear procedures in order to remain compliant to the legalisations; these procedures must be put in place by organisations and all staff
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he UK government has defined the term †̃safeguarding childrenâ€TM as: †̃The process of protecting children from abuse or neglect‚ preventing impairment of their health and development‚ and ensuring they are growing up in circumstances consistent with the provision of safe and effective care that enables children to have optimum life chances and enter adulthood successfully.â€TM (Wikipedia) All children should live free from abuse and neglect and to be‚ and to feel‚ safe. Every aspect of a childâ€TMs
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