To: CFO of Athina Building Supplies Ltd. From: IV Consulting Group’s consultants- Purpose: Recommendations for the CFO of Athina Building Supplies Ltd. We are writing to you on behalf of IV Consulting Group after closely examining the financial statements of your national retail and commercial building supplier chain‚ Athina Building Supplies Ltd.’s. We have stumbled upon several issues‚ which will be discussed in detail below. We have prepared an insightful report on our findings and recommendations
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ACT 202: INTRODUCTION TO MANAGERIAL ACCOUNTING INSTRUCTOR: MR. RAKIBUL HASAN LECTURER‚ SCHOOL OF BUSINESS NORTH SOUTH UNIVERSITY PREPARED BY: NAME SAJEDUL HAQUE NAZIA NADVY CHOUDHRY ANIKA SULTANA ID# 1120359030 1111087030 1120416030 SECTION 11 11 11 Page | 1 ASSIGNMENT TOPIC: A MASTER BUDGET FOR A MANUFACTURING LOCAL STORE SELECTED STORE NAME: SHOJIB TEA STALL LOCATION: GANDARIA‚ GANDARIA RAILWAY STATION DATE OF SUBMISSION: 21ST DECEMBER‚ 2012 Page | 2 Letter of Transmittal
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In brief‚ the complaint says the company’s revenues were not growing fast enough to meet its earnings targets‚ so the defendants instead resorted to improperly eliminating and deferring current period expenses. Specific tactics: * Avoiding depreciation expenses on their garbage trucks by both assigning unsupported and inflated salvage values and extending their useful lives. * Assigning arbitrary salvage values to other assets that previously had no salvage value. * Failing to record
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expected to improve gross margin (before depreciation and energy saving) from 11.5% to 12.5%. The engineering group at Merseyside was highly confident that efficiencies would be realized. Merseyside currently produced 250000meteric tons of polypropylene averaged Pound 541 per ton. The tax rate required is 30%. Morris discovered that any plant facilities which are to be replaced had been completely depreciated. New asset could expect to have life of 15years. Depreciation can be charged on the basis of straight-line
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Case Questions: 1. Option #3 suggests Stryker Corporation to build its own facility to manufacture its own PBCs. Under the current situation that some contract manufacturers have weak performance in quality and delivery‚ the benefits of this option are obvious as following: First of all‚ option #3 promised the highest degree of control over quality and delivery‚ which can solve the major problem that Stryker has faced with recently. On the other hand‚ self-manufacturing offers an opportunity
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or as a noncash (NC) transaction reported in a separate schedule‚ and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach. Transaction Where Reported Cash Inflow‚ Outflow‚ or No Effect? Depreciation expense on the plant assets Noncash (NC) Inflow Paid interest expense. Investing (I) Outflow Cash from a sale of plant assets. Investing (I) Inflow Acquired land by issuing common stock. Noncash (NC) No Effect Paid a cash dividend
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lessee. c 29. Knowledge of the capitalization criteria. d 30. Components of minimum lease payments. d 31. Identification of executory costs. c 32. Discount rate used by lessee. a 33. Depreciation of a leased asset by lessee. b 34. Effect of a capital lease on lessee’s debt. a P35. Depreciation of a capital lease. a 36. Identification of lease type for lessor. d 37. Elements of lease receivable by lessor. a 38. Recognition of unearned lease income. c S39. Direct-financing lease
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Identify the entries associated with acquisition‚ disposal‚ and sales of plant assets. Distinguish between tangible and intangible assets. Differentiate between accounts payable‚ notes payable‚ and accrued expenses. Calculate depreciation and amortization expense using various methods. Distinguish between revenue and capital expenditures‚ and the entries associated with each. Business - Accounting ACC 291 All Week 2 Assignments - Individual WileyPlus assignment
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Lecture 1 – Corporate Financial Reporting and Revision LECTURE OUTLINE Outline the nature and characteristics of companies Describe the sources of corporate financial reporting in Australia Identify which entities need to prepare financial reports that comply with accounting standards Account for share issues and dividends Account for asset revaluations and asset impairment Nature of Companies Type of organization established under the cooperation’s act 2001 Legal capacity and powers
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| Ruckman‚ Inc.: Converting from U.S. GAAP to IFRS | ACTG 4240 – Assignment #4 | | Fannie Fang‚ Yingqi Gu‚ Ya Wang | 1/24/2013 | | Ruckman Part I Solutions Page 1. For each of the 16 items listed below‚ briefly describe the difference in GAAP treatment and IFRS treatment. Just start with this form and type in your responses in the appropriate cells. You don’t need to give too much detail‚ just enough so your client can tell the difference. 2. In the “Needed to Convert
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