BU1002:03 ACCOUNTING FOR DECISION MAKING Singapore Campus‚ Study Period 1‚ 2013 BU1002:03 ACCOUNTING FOR DECISION MAKING SUBJECT GUIDE 2013 Study Period 1‚ Singapore Campus Contents Contents 1 1. School Overview 1 2. Subject at a Glance 2 3. Subject Details 3 4. Subject Resources and Special Requirements 5 5. Assessment Details 7 6. Assessment Grading Criteria 10 7. Submission and Return of Assessment 11 8. Plagiarism‚ Referencing and Cheating 11 9. Additional Student Support
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Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative and other operating expenses – Expense Income taxes – Expense Accounts payable –
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Financial Accounting Part I Textbook for Class XI © no N C tt E o R be T re pu bl is he Accountancy d ISBN 81-7450-507-5 First Edition February 2006 Phalguna 1927 Reprinted October 2006 Kartika 1928 October 2007 Kartika 1929 January 2009 Magh 1930 January 2010 Magha 1931 January 2011 Magha 1932 PD 90T RPS © National Council of Educational Research and Training‚ 2006 ALL RIGHTS RESERVED No part of this publication may be reproduced‚ stored in a retrieval system or transmitted‚
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Chapter 3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than
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Reflective Account I’m looking back on today’s work I did with some young pupils I work with‚ they are a little group called ‘ Super Stars’‚ they are called the super stars because they aren’t as up to speed with the other children in class but they have a lot of potential to work with. The super stars are a group of 5/6 children aged up 7-11‚ today we did phonics we did ‘OI’‚ we had to pronounce ‘oi’ sounding it so that they can speak it clearly‚ and I also asked the group to think of words or
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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following individuals or organizations would be interested in financial information about the company. a. California Public Employees Retirement System. One of the world’s largest pension funds. They would be interested in Boeing’s financials to see how much the company contributes to their employee’s 401K plans. b. Chinese Airlines‚ a rapidly growing airline serving the Pacific Rim. Seeing the amount of sales that Boeing has‚ shows the reliability in their product through increased sales numbers
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| Tarapore Committee Report on CAPITAL ACCOUNT CONVERTIBILITY | Prepared ByApoorva Soni – 11020241071Pankaj Baid – 11020241021Rashmi Sonare – 11020241123Swapnil Rathi - 11020241134 | | INDEX Definition of CAPITAL ACCOUNT CONVERTIBILITY (CAC) 2 CAPITAL ACCOUNT LIBERALISATION IN INDIA SINCE 1997 3 Committee’s Approach to FCAC and Related Issues 10 Interaction of Monetory Policy and Exchange Rate Policy 11 Development of Financial Markets 14 Regulatory
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Capital Account Convertibility. Should India adopt full convertibility? Capital Account Convertibility-or a floating exchange rate-is a feature of a nation ’s financial regime that centers around the ability to conduct transactions of local financial assets into foreign financial assets freely and at market determined exchange rates. It is sometimes referred to as Capital Asset Liberation or CAC. CAC is mostly a guideline to changes of ownership in foreign or domestic financial assets and liabilities
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