will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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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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in Nursing Specializing in Leadership and Management Personal/Professional Goals My life’s experiences over the past several years have made me wiser. To be a more successful and productive individual‚ I find it necessary to further my education by obtaining a Master’s Degree in the Science of Nursing. I also find it necessary to help build upon my career accomplishments. Now I am more grounded to realize and achieve this goal. Currently‚ I am employed as a Cardiology Manager of a growing
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Ch 4: Professional Ethics 4-28 Cases a. This presents an ethical dilemma for Barbara‚ because she is faced with the decision as to what actions or behavior would be appropriate for this situation. Barbara’s ethical dilemma necessitates deciding whether she should communicate her findings to the client for adjustments or to disregard them as instructed by Jack. b. Six-Step Approach: 1. | Relevant Facts: | | * The accounting firm for which both Barbara Whitley and Jack
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Material Goal Setting Worksheet Review this week’s resources (for example SMART criteria‚ and the Career Plan Building Activities). Respond to the following in 50 to 100 words each: 1. Describe one academic goal that you have created using the SMART criteria. How do SMART criteria contribute to your academic goals? One academic goal I’ve created using the SMART criteria is trying to submit all assignments on time. The SMART criteria contributes to my academic goal by teaching me
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UNV 103: Module 2 Journal Entry Form Goal Statement To reflect on what you have read or studied so far in a course is an essential part of understanding. This journal entry form will provide a place for you to take some time and reflect on the prompt below: A successful GCU student should know how to set long-term and short-term goals to stay motivated. In 250-300 words‚ create a goal statement: List your personal‚ academic‚ and career goals. Explain why a college degree is important to you
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