UNDERSTANDING THE REVENUE ALLOCATION FORMULA New Nigerian September 5‚ Daily Champion Sept.6‚ Daily Trust Sept.7‚ Leadership Sept. 7‚ Sunday Tribune Sept. 10‚ Daily Sun Sept 12‚ Vanguard Sept.15&10‚ Daily Independent October 4‚ 2006 It was my last official outing as Head of Public Relations at the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) when I joined other members of the Commission to the inauguration of a Special Committee on Revenue Allocation constituted by Federal
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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PROBLEM ON VARIANCE ANALYSIS [pic] Submitted to: PROF. ROSFE CORLAE D. BADUY Submitted by: ADRIAN ERWIN M. PEGASON ERWIN S. FLORES BETA COMPANY Beta Company produces two products‚ A and B‚ each of which uses materials X and Y. The following unit standard costs apply: | |Material X |Material Y |Direct Labor | |Product A |4 lbs @ $15 |1 lb @
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Variances Variances can be either: * Positive/favourable (better than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that
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Revenue sources Education systems need to raise sufficient revenues to ensure that‚ if used efficiently‚ students may reach appropriate learning goals at each education level. In general‚ countries raise revenues for education through three broad sources: international‚ public and private. A big challenge for many countries is raising sufficient revenues to expand enrollment while maintaining‚ or even raising‚ school quality. While increasing efficiency in the use of resources is necessary‚ countries
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Searching for Revenue-Google The search engine‚ Google‚ has been deemed and is famous for its highly successful search engine. This unit closing case reveals how Google has become a powerful search engine by detailing on how Google works‚ how revenue is made by ADWords‚ and by explaining the expansion of Google. Google works with the web server which sends the query to the index servers then travels to the document servers and finally returns the results back to the users. Revenue for Google is
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Revenue Management WorkShop 1 Module Name: Planning 2011-2012 WS Objective After attending workshop 1 you should be able to: Provide examples of market segments and sub segments; Explain the relation between segmentation and revenue management; Describe the role of price fencing within revenue management; Describe various terms & conditions used within revenue management; Explain the relation between price‚ purchase conditions & availability; Explain the factors that influence
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Revenue allocation formulae: The current revenue allocation formulae is 52.68%‚ 26.72% and 20.60%.for the F.G‚ States and L.Gs respectively | FEDERAL GOVT. | STATE GOVT. | LOCAL GOVT. | | | | | |52.68% |26.72%
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#1-E) Experience with Revenue Recognition--- Do you have any experience related to revenue recognition? Surely‚ I do #2-Please read the financial statement analysis case (Merck & Johnson & Johnson) on page 613‚ Chapter 12. Please read the instructions for (a)‚ (b)‚ and (c) and address the three questions that are asked. Case Merck & Johnson & Johnson are two leaders producers of health care products. Each has considerable assets‚ and each expends considerable funds each year toward the development
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that the revenues and costs in the above report are unit revenues and costs. For example‚ the average office expense is $135 per exchange completed on the planning budget; whereas‚ the average actual office expense is $112 per exchange completed. Legal and search fees is a variable cost; office expenses is a mixed cost; and equipment depreciation‚ rent‚ and insurance are fixed costs. In the planning budget‚ the fixed component of office expenses was $5‚200. All of the company’s revenues come from
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