Primary users Financial accounting : the primary users of financial accounting are the external users‚ shareholders‚ investors ‚ creditors‚ lenders and government. Share holders are using financial information to know about their investment e.g how the investment is running‚ what is the organization profit and what is the value of the organization. Investors use financial information to know in which organization they should invest and to look how was the organsation performance in the past so
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Accounting is the financial information system that provides these insights. In short‚ to understand your organization‚ you have to know the numbers. Accounting consists of three basic activities—it identifies‚ records‚ and communicates the economic events of an organization to interested users. You cannot earn a living‚ spend money‚ buy on credit‚ make an investment‚ or pay taxes without receiving‚ using‚ or dispensing financial information. Good decision making depends on good information
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1. In the accounting cycle‚ the last step is Student Response Feedback A. preparing the financial statements B. journalizing and posting the adjusting entries C. preparing a post-closing trial balance D. journalizing and posting the closing entries Score: 1/1 2. During the end-of-period processing which of the following best describes the logical order of this process Student Response Feedback A. Preparation of adjustments‚ adjusted trial
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variable cost. B. Identifying cost of goods sold and operating costs. C. Identifying costs as financial or managerial. D. Identifying costs in a physical manner. E. Identifying both quantitative and qualitative cost factors. 4. A classification of costs that determines whether a cost is expensed to the income statement or capitalized to inventory is: A. Fixed versus variable. B. Direct versus indirect. C. Financial versus managerial. D. Service versus manufacturing. E. Product versus period. 5. A fixed
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*DIAMOND CHEMICALS PLC (A):THE* MERSEYSIDE PROJECT EXECUTIVE SUMMARY This report mainly provides analysis and evaluation of a capital budgeting project proposed to Senior Management in Diamond Chemicals. The project has been proposed to improve the product output of Diamond Chemicals’ Merseyside factory. However‚ recently‚ problems such as capital expenditure‚ marketing cannibalization‚ discount rate‚ etc. have surfaced from different departments. Diamond Chemicals need to take all these factors
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Cost Accounting: A Managerial Emphasis‚ 14th Edition Horngren‚ Datar and Rajan Check Figures for Exercises and Problems Chapter 2. An Introduction to Cost Terms and Purposes 2-16 1. S‚ $1.1856 D‚ $1.0213 R‚ $0.6400 2-17 1. yeast D/V‚ flour D/V‚ pkg D or I/V‚ dep ov I/F or V‚ dep mix I/F or V‚ rent I/F‚ ins I/F‚ fact util I/F and V‚ fin labor D/V or F‚ mix mgr I/F‚ matl hand I/F or V‚ cust I/F‚ guard I/F‚ mach I/F or V‚ mach maint I/F or V‚ maint sup I/V‚ clean sup I/F. 2. Dep. M&M‚ MDM‚ MH‚ Mac.
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COLLEGE OF PROJECT AND PROGRAMME MANAGEMENT Group Assignment Module : Financial Management of Corporate Projects and Programmes (M6) Due Date: 11 June 2015 I‚ the undersigned‚ hereby declare that this assignment is my own work. It has not been previously submitted for any other examination. Name Identity Number Signature Claudia Tucker 8106230199082 Vuyani Mawetu Matoti 7202166096086 TABLE OF CONTENTS Contents Executive Summary 2 1. Problems Identified 4 2. The financial analysis
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improvement in aspect to business efficiency‚ reputation risk management ‚ stakeholder management other social and economic part of the business by disclosing the status of the business in the eyes of society and its stakeholders. Reporting non financial Corporate activities provide a way to communicate and deal with social issues and help to protect a continuing good relationship with company’s stakeholders. Organisation that are performing properly in the market and society may face less problems
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Accounting &Financial Management Report From: Mo Jian hui To: Board of director Executive summary According to the Global Powers of Retailing Report in 2011‚ Ahold now lies at the number 25 of world. It is making the plan to achieve the goal to be No.10 by acquisition Delhaize Group (DG) or WM Morrison Supermarkets Plc. (Morrisons).This report will analyze and compare these three companies by using CORE to find out their advantages and disadvantages of financial performance‚ then
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CHAPTER 1 OVERVIEW OF FINANCIAL REPORTING‚ FINANCIAL STATEMENT ANALYSIS‚ AND VALUATION Solutions to Questions‚ Exercises‚ and Problems‚ and Teaching Notes to Cases 1. Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) a. Sawmills:
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