distributing the balance funds to all regions in Indonesia. Renewal of local financial management in the era of regional autonomy‚ characterized by a very fundamental change‚ ranging from the budgeting system‚ treasury up to the responsibilities financial statements. Before the passing of autonomy‚ accountability regional financial reports to be prepared by the Local Government Budget Calculation just a report and Calculation Memorandum and the system used to generate the report is MAKUDA (Regional Financial
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Module 3 – Chapter 12 Problem 12-1A Part 1 KAZAAM COMPANY Statement of Cash Flows For Year Ended December 31‚ 2011 Cash flows from operating activities Net income $73‚750 Adjustments to reconcile net income to net cash provided by operating activities Increase in accounts receivable ($49‚625 - $65‚000) (15‚375) Increase in inventory ($252‚500 - $273‚750) (21‚250) Decrease in prepaid expenses ($6‚250 - $5‚375) 875 Decrease in
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Research – TMA03 - B120 Income statement (also referred to as profit and loss statement (P&L)‚ revenue statement‚ statement of financial performance‚ earnings statement‚ operating statement or statement of operations)[1] is a company’s financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out‚ also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted
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At first glance‚ the income statement appears to have remained very stable in terms of % of assets. However‚ when looking at the years individually‚ it is clear that many accounts experienced steady growth from 2011 to 2013‚ yet dropped back down significantly in 2014. Operating income‚ which had the highest overall change with a 1.67% increase‚ dropped from 12.99% in 2013 to 10.91% 2014. This is concerning‚ as operating income measures the amount of profit realized from Panera’s
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Confirming Pages 15th Edition Financial Accounting Jan R. Williams University of Tennessee Susan F. Haka Michigan State University Mark S. Bettner Bucknell University Joseph V. Carcello University of Tennessee wil28701_fm_i-xxxiii.indd i 12/3/10 4:21 PM Confirming Pages FINANCIAL ACCOUNTING Published by McGraw-Hill/Irwin‚ a business unit of The McGraw-Hill Companies‚ Inc.‚ 1221 Avenue of the Americas‚ New York‚ NY‚ 10020. Copyright © 2012‚ 2010‚ 2008‚ 2006‚ 2003
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performed in an audit. The form is only a guide and is not a substitute for professional judgment. The form may be modified by adding or omitting certain ratio analysis. CLIENT NAME: | Pinnacle Manufacturing Company | DATE OF FINANCIAL STATEMENTS: | For Period/Dates Ending December 31‚ 2009‚ 2008‚ 2007 | LIQUIDITY RATIOS 2009 | 2008 | 2007 | | | | | Current Assets | 44‚497‚169 | 36‚195‚745 | 36‚005‚390 | Current Liabilities | 25‚926‚158 | 17‚605‚301 | 16‚340
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hour for power is $4.70‚ and the cost per revenue hour for operations hourly personnel is $24.00. Continuing with the analysis a contribution margin income statement has been created to determine the potential profits Salem Data Services could earn assuming the intracompany usage was 205 hours. Examining this income statement‚ operating income is a net loss of $30‚014 (see Exhibit 1). This shows a 5% decrease in revenue hours‚ as related to intracompany hour’s reduction‚ will result in a 27%
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five months of negotiation. In this report we will examine why it made strategic sense for the two companies to combine and evaluate the performance of the combined companies since its merger. In particular we will analyze the post-merger financial statements and highlight a few points regarding the accounting. INTRODUCTION OF KRAFT AND CADBURY Kraft Foods Inc. (KFT) is the world’s largest food processing company with revenues of $40 billion (fiscal year 2009) which sells its products in more
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Absorption costing are two different methods and ways that many organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However‚ each one has a different cost classification definition. Both have the same direct material and direct labor allocation‚ the differences is how they report the income‚ product‚ and pricing One of the main differences between the two methods is the accounting for the fixed manufacturing
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Discussion paper‚ research‚ exposure draft‚ standard. (c) Research‚ preliminary views‚ discussion paper‚ standard. (d) Research‚ discussion paper‚ exposure draft‚ standard. 3. GAAP is comprised of: (a) FASB standards‚ interpretations‚ and concepts statements. (b) FASB financial standards. (c) FASB standards‚ interpretations‚ EITF consensuses‚ and accounting rules issued by FASB predecessor organizations. (d) any accounting guidance included in the FASB Codification. 4. The authoritative status of
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