2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
Premium Balance sheet Double-entry bookkeeping system Generally Accepted Accounting Principles
Manager of Danshui plant number 2‚ Wentao Chen‚ has to form viable strategies and decisions without losing much time to catch up with their production schedule to meet Apple’s requirements. A few potential strategies that hopefully will help speed up the plant’s production of Apple’s new iPhone 4 will be discussed below. A strategy that Chen can consider is to train his workers to full knowledge regarding the assembly of the new iPhone 4. Before Danshui accepted the manufacturing contract with Apple
Premium Apple Inc. Steve Jobs Marketing
Dateesha Blakely PROC 5830 22 April 2011 Wk 7 Case 2 Case of the Pricing Predicament Case Assignment Calibrated manufacturing makes an electronic component that is in great demand. The component sells for $20 each. Calibrated’s current capacity is 10‚000 units per week. For the last few months‚ however‚ the company has been receiving new orders at a rate of 14‚000 units per week‚ and now has a substantial backlog. The company expects this order rate to continue‚ if it maintains price
Premium Variable cost Contribution margin Cost
Puyricard Fine Chocolate. Puyricard is a premium chocolate-maker. It produces and sells fine handmade chocolates‚ calissons and confectionary through its own retail network (14 stores in France: 12 in Provence‚ 2 in Paris)‚ wholesales and website. It is the French leader for craft chocolate‚ with an annual production of 120 tons of chocolate and a turnover of 6‚9 million euros. The company is family-owned and run by the sons of the founders. It was created 40 years ago and the CEO‚ Tanguy Roelandts
Premium Chocolate Asset Balance sheet
Acquisition of legal subsidiary in bankruptcy According to the fact of this case‚ Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary‚ and both of them all nonpublic companies. However‚ in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then‚ Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the
Premium Corporation Business Goodwill
BUSI 600 Dr. Michael Walker Case Assignment #2 Jaime Arze 9/15/14 3. Describe the sampling plan. Analyze its strengths and weaknesses. Just about every research sampling plan can be associated with a variety of strengths and weaknesses. These are challenges the decision maker in charge of the study must face when choosing the sampling plan for the specific research. Penton media devised a sampling plan that would require several steps‚ in order to isolate an ideal
Premium Decision making Sample size Sampling
HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
Premium Accountancy Bookkeeping Double-entry bookkeeping system
| (1) | (2) | (3) | (4) | (5) | Exit | Previous year | (1) Store associate | 0.53 | 0.06 | 0.00 | 0.00 | 0.00 | 0.41 | | (2) Shift leader | 0.00 | 0.50 | 0.16 | 0.00 | 0.00 | 0.34 | | (3) Department manager | 0.00 | 0.00 | 0.58 | 0.12 | 0.00 | 0.30 | | (4) Assistant store manager | 0.00 | 0.00 | 0.06 | 0.46 | 0.08 | 0.40 | | (5) Store manager | 0.00 | 0.00 | 0.00 | 0.00 | 0.66 | 0.34 | | | Forecast of availabilities | Next year (projected) | | (1) | (2) | (3) | (4) | (5) |
Premium Employment Management
Case study # 2: The apple of your “I” This case study will describe why Apple Inc. is a very successful company and has become the second largest public company in the world. It all started in the 1980’s when Apple started producing home computers. This helped those who were full-time students and workers by also producing a particular computer‚ the Macintosh computer. However‚ in 1985 Steve Jobs lost against the Apple board‚ and because of the unfortunate negative outcome of the meeting‚ Steve
Premium Apple Inc. Steve Jobs
Contents 1-Introduction 2 2-1 Cost Behavior‚ benefits and difficulties ahead 3 2-2 Using CVP as a mean for Prediction 4 3- Conclusion 6 4- Reference 6 1-Introduction A good understanding of the relationship between cost and activities in a company is necessary for managers in every type of organization and this clothing manufacturing company is concerned because they do not have this understanding and what benefits it has for guiding managers to understand the changes
Premium Contribution margin Management accounting Cost-Volume-Profit Analysis