of the times‚ people find it difficult to understand the various accounting Concepts. In this coursework‚ I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept. WHAT IS MATERIALITY? Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB)‚ Securities and Exchange Commission (SEC)‚ General Accounting Office (GAO)‚ American Institute of Certified Public Accountants
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1. Processor (CPU) Processor refers to CPU (Central Processing Unit) which is the brains of the computer where most calculations take place. In terms of computing power‚ processor is the most important element of a computer system. Without it‚ a computer cannot even boot up or running. The performance of processors determines the speed and the performance of the notebook as well. Whether a computer system can run smooth or not is also depend on the performance of processor. Most of the processors
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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Anyone who is in the market for a new computer should look at both PC and the Apple Macintosh systems before making a final decision. With technology booming as it is today‚ it is good to know the basic hardware‚ software and system requirements needed for everyday use. There are strong points of both systems‚ such as speed‚ user-friendliness‚ price‚ and capabilities‚ and both are great systems. But which is better for the type of user is the question. The majority of desktop operating systems are
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Chapter 1 Case 1-6 During the early 2000s‚ the roles of accounting and the auditing profession changed and several accounting scandals were uncovered. A. What conditions caused accounting and the auditing profession role to change during this time? In the mid 80s‚ the AICPA lift on the ban on advertising caused revenue generation to become more critical to partner’s compensation. The profit structure of CPA firms changed‚ and in 1999‚ revenues for management consulting accounted for more
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Not everyone is a tech enthusiast. Thus‚ the ultimate decision between a Mac and PC can be overshadowed by the constant rivalry between Apple and Microsoft. The truth is that Macs and PCs are very different‚ but similar at the same time. However‚ one of these systems will fit a person’s needs and wants better than the other one. When any person or company in the world is in the process of buying new computers or laptops for personal‚ school‚ or office use‚ they might not know which system to buy
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Compare assigned costs per product under both methods. Why has Activity-based costing changed the total costs assigned to each product? By comparing the two cost assigned methods‚ there are some differences existed: Unit Product Cost: | Gadgets | Smidgets | Smadgets | Smadgets | Traditional Costing Method | 400 | 1‚000 | 1‚350 | 850 | Activity-Based Costing Method | 590 | 1‚100 | 760 | 1‚250 | Overhead Cost | Widgets | Gadgets | Smidgets | Smadgets | Traditional Costing Method | 200‚000 |
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