changes in cash and cash equivalents of an entity by means of a statement of cash flows‚ which classifies cash flows during the period according to operating‚ investing‚ and financing activities. Fundamental principle in IAS 7 All entities that prepare financial statements in conformity with IFRSs are required to present a statement of cash flows. [IAS 7.1] The statement of cash flows analyses changes in cash and cash equivalents during a period. Cash and cash equivalents comprise cash on hand and
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> 25 and shares are Public (ie there is no quoted market values); you can use Fair Value though Net Income Income OR Equity Method 2013-24‚ 2010-84‚ 2008-82‚ 2007.76. 2013M2-29 Goodwill (Don’t Use Calculation) "Goodwill= Cash Paid -FV of Net Assets (BV + FV adjustments) + NCI (based on FV of Net Assets) " Note: If the Full Price (Controlling + Non Controlling) is given‚ use the Full Price * (Non Controlling %) instead of the NCI (based on FV of Net Assets) - 2013M2-54
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manufacture and sale of a new product. Raw materials costs are $40 per product. Direct labor costs are expected to be $30 per product. You expect to sell each product for $110. You plan to produce 100 products next month and expect to sell 90 products. A. Prepare cost of production‚ cost of goods sold‚ and inventories schedules for next (the first) month. B. During the second month‚ you plan to produce 110 products but expect sales in the month to be 115 products. Prepare cost of production‚ cost of goods
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COMPUTER INTEGRATED MANUFACTURING Computer Integrated Manufacturing (CIM) is the manufacturing approach to control the entire production process by of using computers .This integration allows individual processes to share with each other and initiate actions. Through the combination of computers‚ manufacturing can be faster and less error-prone‚ although the main benefit is the capability to create automated manufacturing processes.U.Rembold‚ B.O.Nnaji and A.Storr (1993) states that the manufacturing
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REFINING TANKRADAR REX 3950 Refinery improved crude oil inventory control with Rosemount Tank Gauging products RESULTS • Improved crude oil inventory control • Decreased operating and maintenance costs • Reduced safety risks APPLICATION Level and temperature measurement in crude oil storage tank CUSTOMER Refinery in South-East Asia CHALLENGE This refinery had a problem with the accuracy of crude oil inventory measurement. The inventory must be closely monitored so that the tanks are not overfilled
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PROBLEM AND ITS BACKGROUND A. Introduction Computerization‚ commonly referred to as digitalization‚ refers to the shift to a society where computers are ubiquitous; to carry out‚ control‚ or conduct by means of a computer. When we talk about computerization we are speaking of the growth of computer technology that controls most of the items we use in our daily lives. Everywhere we turn we see an electronic item run by computers. Basically‚ computers make life easier for people. In most any task
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its assets to generate sales (Dess‚ McNamara‚ & Eisner‚ 2016‚ p. 447). The two asset management ratios that are used to compare StilSim to the competitor‚ StaffAces‚ are receivables turnover ratio and days in receivables ratio. Receivables Turnover Ratio and Days in Receivables Ratio. The receivable turnover ratio is used to determine how quickly StilSim collects on a sale. The receivable turnover ratio is determined by diving sales by account receivables. StilSim’s receivable turnover ratio in 2016
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Published Accounts Practice Question 1 The following trial balance was extracted from the books of Eavis plc on 31 December 2009: £000 £000 Sales 11‚700 Provision for depreciation: Plant 738 Vehicles 375 Rent receivable 100 Trade payables 738 Debentures 250 Issued share capital: Ordinary £1 shares 3‚125 Preference shares (treated as equity) 625 Share premium 250 Retained earnings
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Managerial Decision Modeling w/ Spreadsheets‚ 3e (Balakrishnan/Render/Stair) Chapter 12 Inventory Control Models 12.1 Chapter Questions Use this information to answer the following questions. A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ordering costs are estimated at $5 per order. Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags. It takes 5 days for each order of
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SYSTEM ANALYSIS AND DESIGN PROPOSAL Name of Proponents: Geraldine S. Balmeo‚ Juan Miguel S. Gilbuena School Year/ Trimester: 2011-2012 / 2nd Trimester Proposed Title: Wyeth Key Account Managers Inventory Monitoring System Area of Investigation: Wyeth Philippines is a dynamic organization that currently employs more than 700 people
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