financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost management: In order to manage‚ control‚ or reduce the costs of manufacturing products or providing services‚ management needs a clear
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Question: - 1 b) India has always believed in the value of the family. Discuss the changes‚ both good and bad‚ that have resulted from the break up of the traditional Indian joint family. Question: - 2 b) Your cousin is missing from home. Write a letter to the superintendent of police of your locality‚ requesting him to trace your cousin. Give all relevant details that may help the police department. Question: - 3 Sports has rapidly become
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100 (18/101) = 17.82% | | April | 96 | 101 | 5 | 100 (5/96) = 5.21% | | May | 89 | 96 | 7 | 100 (7/89) = 7.87% | | June | 108 | 89 | 19 | 100 (19/108) = 17.59% | | | | | | 49 | | | 48.49% | | Naive outperforms management. 4.27 | Winter | Spring | Summer | Fall | 2004 | 1‚400 | 1‚500 | 1‚000 | 600 | 2005 | 1‚200 | 1‚400 | 2‚100 | 750 | 2006 | 1‚000 | 1‚600 | 2‚000 | 650 | 2007 | 900 | 1‚500 | 1‚900 | 500 | | 4‚500 | 6‚000 | 7‚000 | 2
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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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Dick Smith Foods is an Australian known organisation that appeals to the Australian population to buy its products over cheap international imports. Strategic management and strategy is a key factor when trying to compete and the external and internal environment needs to be analysed to do it effectively. By using business level strategy Dick Smith can compete with its competitors and achieve its goal of being one of the main brands that Australians prefer to buy. Strategic management
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Management Accounting and the Modern Business Environment Part-I Over the years global business environment has gone through some massive changes. These changes are due to changes in socio-economic situations‚ changes in consumers’ demands‚ changes in technological environment‚ changes in political scenario etc. Today’s business environment is referred to as the modern business environment which is characterized by globalization‚ advanced technology‚ intense competition‚ powerful customers and consumers
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ASSIGNMENT DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS FALL 2014 MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.No Questions Marks Total Marks 1 Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at
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TEMASEK POLYTECHNIC SCHOOL OF BUSINESS MANAGEMENT ACCOUNTING & FINANCE (BAF2016) AY 2011/12 MID-SEM TEST OCTOBER SEMESTER Name:___________________________________ Tutorial Class:____ Admission No. __________________________ Seat No:____ TIME ALLOWED: 1 HOUR READING TIME: 10 MINUTES TOTAL: 40 MARKS Instructions: 1. Do not turn the page over until instructed to do so. 2. This paper consists of 5 printed pages (excluding cover page). 3. Answer
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CHAPTER 3 The Accounting Cycle QUESTIONS Q3-1. Much more judgement is required for accrual accounting than for cash accounting because there is greater uncertainty at the time events are recorded in the accounting system. There is no uncertainty around the point in time when the cash is paid or collected. Accrual accounting records economic events‚ not cash flows. When an economic event occurs can be ambiguous. It’s less certain when revenue has been earned than when cash is received. It
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Case 5-60 1. The solution Doug proposes is not ethical. Although maintaining the current plant-wide rate is probably not illegal‚ its continuation has one purpose: to extract profits from government business. Doug knows the plant-wide rate is not accurately assigning overhead costs to various jobs and is willing to alter the assignments on an “unofficial basis” for purposes of bidding on private-sector jobs. Fundamentally‚ ethical behavior is concerned with choosing right over wrong. To knowingly
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