HISTORY OF ACCOUNTING Accounting has a history that is usually discussed in terms of one seminal event- the invention and dissemination of the double entry bookkeeping processes. Paul Garner and Atsuo Tsuji (1995) report that the first printed treatise of bookkeeping in the world is the Summa de Arithemetica‚ Geometria‚ Proportioni et Proportionalita written by Luca Pacioli. The treatise was published in Venice in 1494‚ and was reprinted at Toscolano in 1523. This work is one of the most important
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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Corporate Social responsibility: Shell Oil-Nigeria Case Study By Fatorma Bolley Abstract Corporate Social Responsibility‚ CSR has become an important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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TEST BANK IN CASH – LEGAL SIZE ACCNTFI MR. ALBNERT C. CHAN‚ BSC‚ CPA‚ MBA 3RD TERM DLS-CSB Ex. 173 The cash balance per books for Dexter Company on September 30‚ 2008 is $10‚740.93. The following checks and receipts were recorded for the month of October‚ 2008: Checks Receipts No. Amount No. Amount Amount Date 17 $372.96 22 $ 578.84 $843.86 10/ 5 18 $780.62 23 $1‚687.50 $941.54 10/21 19 $157.00 24 $ 921.30 $808.58 10/27 20 $587.50 25 $ 246.03 $967.00 10/30 21 $234
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11.2 a. Determine the current value of the bond if present market conditions justify a 14 percent required rate of return. PV = CF^n / (1 +i) ^n PV = CF n / (1 + i)^4 PV = 70 / (1 + .14) ^4 PV = 70 / (1.14) ^4 PV = 70/ 1.14 + 70/ 1.30 + 70/ 1.48 + 70/ 1.69 PV = 61.40 + 53.85 + 47.30 + 41.42 = $203.97 PV of the par value = 1‚000 PV = $203.97 + 1‚000 = $1203.97 b. Now‚ suppose Twin Oaks’ four-year bond had semiannual coupon payments. What would be its current value? (Assume a 7 percent
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ACCT 110 Study Guide_Ch. 11 (Sv) Learning Objectives [1] Distinguish between a standard‚ a budget and variance. [2] State the formulas for determining direct materials and direct labor variances. [3] State the formula for determining the total manufacturing overhead variance. II. Standard and variance Standard is the norm (e.g. standard number of years to get a college degree; standard number of hours to get a good night’s sleep; standard amount of time spent to pass CPA‚ etc).
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Case Study on Transfer Pricing: BYRCH’S PAPER COMPANY If I were to price these boxes any lower than $480 a thousand‚ said James Brunner‚ manager of Byrch Paper Company Thompson Division‚ I’d be countermanding my order of last month for our salesmen to stop shaving their bids and to bid full cost quotations. I’ve been trying for weeks to improve the quality of our business‚ and if I turn around now and accept this job at $430 or $450 or something less than $480‚ I’ll be tearing down this
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Week 2 – MS Access Lab Requirements: Problem 4.4 Retrieve the S&S In-Chapter Database (in Microsoft Access format) from Doc Sharing or the text’s Web site (or create the tables in <link linkend="ch04table05" preference="0">Table 4-5<xref linkend="ch04table05" label="4-5"/></link> in a relational DBMS product). Write queries to answer the following questions. <emphasis>Note</emphasis>: For some questions‚ you may have to create two queries—one to calculate an
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