sold 2630 * Merchandise inventory 2630 Sales 3900 Cost of merchandise sold 2630 Gross profit 1270 Ending inventory 3250 B. * Jan 4 acc rec 3900 * Sales 3900 * Jan 4 cost of merchandise sold 2660 * Merchandise inventory 2660 Sales 3900 Cost of merchandise sold 2660 Gross profit 1240 Ending inventory 3220 Inventory system 1. Perpetua: record sales and cost of merchandise sold uses FIFO LIFO 2. Periodic: records sales only
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DIGI ANNUAL REPORTS 2010 DIGI ANNUAL REPORTS 2009 Currency in Millions of Malaysian Ringgits As of: Dec 31 2008 Reclassified MYR Dec 31 2009 Restated MYR Dec 31 2010 MYR Dec 31 2011 MYR 4 Year Trend Revenues 4‚814.5 4‚909.6 5‚406.5 5‚964.0 Other Revenues 12.5 9.5 32.6 21.3 Total Revenues 4‚826.9 4‚919.0 5‚439.0 5‚985.3 Cost Of Goods Sold 1‚462.7 1‚574.7 1‚781
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American Accounting Association DOI: 10.2308/acch.2010.24.2.279 Accounting Horizons Vol. 24‚ No. 2 2010 pp. 279–296 COMMENTARY The American Accounting Association’s Financial Reporting Policy Committee’s Response to the Preliminary Views on Financial Statement Presentation The Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association Mark Bradshaw‚ Carolyn Callahan‚ Jack Ciesielski‚ Elizabeth Gordon‚ Mark Kohlbeck
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Synopsis. Historical Cost Accounting is a traditional valuation method as it reflects only on the past cost of the asset‚ however in the contemporary business environment companies must remain flexible and transparent. This belief has lead to the creation of several other valuation methods‚ due to word constraints I have focused primarily on Fair Value Accounting as an alternative to Historical Cost Accounting. Although Fair value accounting is a theoretically superior valuation methodology‚ there
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between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would sooner see that cash value
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organizations are looking for ways to meet there organizations goals by reducing the gap between employee’s actual performance and optimal performance. One way of doing that is through performance management. Performance management is a continuous process of communicating and clarifying an employee’s responsibilities‚ priorities and expectations to ensure mutual understanding‚ thereby adding value to the organization and individual by promoting skills and career development‚ providing frequent feedback
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Dominique Meziere HCA 240 08/05/2012 Professor Keith Productivity Measurement Benchmarking is defined as the process of comparing the cost‚ cycle time‚ productivity‚ or quality of a specific process or method to another that is widely considered to be an industry standard or best practice (O’Neill‚ Dam‚ Gutbezahl‚ n.d.). Benchmarking is a great tool used to monitor productivity and profitability. A successful physical therapy department needs to be running efficiently in all areas‚ including
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Chap 12 Pay for Performance and Financial Incentives Motivation‚ Performance‚ and Pay Incentives Financial rewards paid to workers whose production exceeds a predetermined standard. Individual Differences Law of individual differences The fact that people differ in personality‚ abilities‚ values‚ and needs. Different people react to different incentives in different ways. Managers should be aware of employee needs and fine-tune the incentives offered to meets their needs. Money
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PRINCIPLES OF ACCOUNTING 1 ACCOUNTING THEORY NOTES (a) International Accounting Standards and International Financial Reporting Standards. The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting Standards (IAS’s)
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to stay ahead‚ we go beyond FedEx Annual Report 2012 “I wIll make every Fedex experIence outstandIng.” — The Purple Promise When the going gets tough‚ FedEx shows the spirit and determination that have always set us apart. FY12 was a year of challenges marked by economic and political disruptions and lagging growth around the globe. To stay ahead‚ we go beyond — in the way we manage our business‚ deliver the quality service our customers expect and create solutions for a more sustainable
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