200101 Accounting Information for Managers Tutorial Solutions - Week 7 School of Business│ Spring 2012 STAFF Unit Coordinator Graeme Mitchell Building ED.G.212‚ Parramatta campus Please contact via e-mail (if required) Email: g.mitchell@uws.edu.au vUWS Coordinator‚ and External Studies Coordinator Simon Lenthen Building ED.G.11‚ Parramatta campus Unit administration School of Business Undergraduate Student Services Team Building EQ‚ Parramatta campus (Manu Cherian)
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a) Discuss how the budgeting process employed by Peters Corporation contributes to the failure to achieve the president’s sales and profit targets. The first problem would be that the president established targets for the total dollar sales and net income before taxes for the next year. Then the president gave the sales target to the marketing department. By starting at the top and working its way down the chain of command causes problems because not all of the departments are involves in
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The British Crown in the 14th century wanted to expand across the world to find a more efficient way of trading goods and products. The Crown invested in many people to explore and send on expositions. The expansion of the new world as well as globalization allowed for the mining of silver to be the most profitable for the British Crown. One of the most notary explorers in history is Christopher Columbus‚ not for his fame‚ but for his infamy. He enslaved the people of Hispaniola (Haiti/Hispaniola)
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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Galileo Galilei - a teacher of mathematics The Methuen Student Edition of Life of Galileo was written by Bertolt Brecht. This version was first published in 1968 by Methuen London Ltd. It portrays Galileo and how he has used his power of determination and resolution to prove his findings; which later contributed to the greater good of mankind in scientific ways. This is depicted in three different scenes and events. In it‚ Galileo is stripped of pride and dignity‚ even risking his life for his work
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The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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Middle and High School Class 6 to 12 Kripalu Balika Intermediate College (KBIC) was established in 1978 in Kunda‚ in Pratapgarh district. It was established with the purpose of imparting education to the girls in the area as there were no other schools for girls in the neighbourhood at that time. The college is recognised and affiliated with Madhyamik Shiksha Parishat‚ Uttar Pradesh. The school follows the course and curriculum set by Madhyamik Shiksha Parishat to ensure quality and disciplined
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The Importance of Accounting Theory to the Field Of Accounting The objective of theory is to explain and predict. One of the basic goals of the theory of a particular discipline is to have a well-defined body of knowledge that has been systematically accumulated‚ organized‚ and verified well enough to provide a frame of reference for future actions. The Webster’s definition of theory is the systematically organized knowledge‚ applicable in a relatively wide variety of circumstances‚ a system
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Usefulness Theory 5 Critical Accounting Theory and Critical Theory 6 System-Oriented Theories 7 Open System Theories 8 Behavioral Decision Theory 9 Legitimacy Theory 10 Political Economy Theory 11 Institutional Theory 12 Stakeholder Theory 13 Agency Theory 14 Normative Theory 15 Public Interest Theory 16 Capture Theory 17 Economic Interest Theory/Private Interest Theory 17 Positive Accounting Theory 18 Chambers ’ Theory of Accounting 19 Trickle Down theory
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6-months period ended June 30‚ 2011. b) Prepare a direct materials budget by quarters for the 6-months period ended June 30‚ 2011 Solution: a) The production budget shows the units to produce to meet anticipated sales (Weynadt‚ Kimmel‚ Kieso‚ 9th edition‚ 2010‚ p.1024). Production budget is calculated by adding budgeted sales units to desired ending finished goods units and subtracting beginning finished goods units and determined by the following formula: Required production units = Budgeted
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