PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has
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design considerations addressed during system and application software development. It provides a solid background in information systems analysis and design techniques through a combination of theory and application. The Systems Development Life Cycle will be fundamental to the course. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student
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Management Accounting -I Final Project Report Company – Nestlé India Submitted By Rahul –PGP25259 Praveen – PGP25258 Pratyush – PGP25257 Prachal Mehrotra – PGP25255 Prajeesh Jayaram L – PGP25256 Sanjay Dhir – FPM10013 1. About Nestlé Nestlé is a food and package multinational with its headquarters situated in Vevey‚ Switzerland. The company came into being in 1905‚ after a merger between Anglo-Swiss Milk Company and FarineLactée Henri Nestlé Company. The company now has
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Topic 1 – Financial Reporting Principles and Accounting Standards Accounting identifies‚ measures‚ records and communicates financial information to users – shareholders‚ creditors‚ regulators and other stakeholders via 4 financial statements. Balance sheet Income Statement Cash flow statement Statement of change in equity Generally Accepted Accounting Principles (GAAP) GAAP is a common set of standards and procedures developed by the accounting profession that are expected to be upheld
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they should get it or buy it for there husband as if the quality’s good enough for Orlando bloom then its good enough for them. It will make the customer know there product is high quality and is worth the low prices position on the product life cycle Stage Characteristics 1. Market introduction stage 1. costs are very high 2. slow sales volumes to start 3. little or no competition 4. demand has to be created 5. customers have to be prompted to try the product 6. makes
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920‚000 Other party pays 1‚320‚000 Total Specialty test 4‚240‚000 Total Sales 16‚400‚000 Cost of Sale Direct material 2‚700‚000 Direct Labor 4‚430‚400 Depreciation Expense 3‚500‚000 Other Variable Overhead 806‚000 Other Fixed Overhead 300‚000 Total Cost of Sales 11‚736‚400 Gross Profit $4‚663‚600 General and Administrative Expenses
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1. Create a process flow chart (process map) clearly identifying activities‚ routes and other data in the case. Bring a copy of your flow chart to class. [pic] Throughput‚ inventory and cycle time measures for relevant process steps located in Exhibit B. 2. What do you think about the decision to launch a sales drive in 1997? What actions would you suggest that Richard focus on to improve performance at CRU? Give a concrete plan with anticipated benefits. The sales drive plan failed to
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In the corporate annual report‚ a statement reporting the independent auditor’s opinion was included. This opinion shows that the auditor has reviewed the internal controls over financial reporting and it also audits the consolidated financial position of Monsanto. The auditors express the fact that they are independent from Monsanto which means that the report is not coming from someone within the Monsanto Company. This is also important because it means that the report will not be biased and
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The seven phases of the Systems Development Life Cycle are: Planning; Systems Analysis; Systems Design; Development; Testing; Implementation; and Maintenance. Planning involves determining what the goal is and how best to accomplish that goal. Several factors must be considered including equipment types‚ costs‚ employee willingness to learn‚ and employee knowledge. While the text becomes quite involved it has been my experience that this section‚ while time consuming‚ is not nearly as difficult
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Assignment 10-1 Depreciation policy 10 10-2 Valuation models 15 10-3 Depreciation or amortization policy 15 10-4 Component depreciation 20 10-5 Component depreciation 20 10-6 Depreciation: computation 20 10-7 Depreciation schedule 25 10-8 Interpreting depreciation disclosures … 20 10-9 Analysis of four depreciation methods—maximize income (*W) 20 10-10 Identify‚ recalculate depreciation 20 10-11 Depreciation and depletion—schedule‚ entries (*W) 25 10-12 Depreciation and sale
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