The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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Has the nature of terrorism changed over the last thirty years? Answer this question with reference to three specific examples of terrorist campaigns. This essay will endeavour to give an historical analysis of contemporary terrorism and its changing nature by focusing on three specific terrorist campaigns over the last thirty years. The essay will begin by first presenting a definition of terrorism and will move on to provide a brief account of the geographical shift in terrorism by discussing
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subjects i.e.‚ Accounting‚ Mercantile Laws‚ General Economics and Quantitative Aptitude. The Common Proficiency Test (CPT) is of 200 marks. This test is divided into two sessions of two hours each. CPT is an objective type test with negative marking. Common Proficiency Test (CPT) examinations are held twice a year in the months of June and December. Examination Department issues notifications/announcement regarding conduct of Common Proficiency Test (CPT) in June and December every year in the months
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Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements and Reporting
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financial statements report an increase of $950‚000 in the net income‚ Vice President Jack Brickhouse asks Louise Boudreau‚ the controller‚ to reduce the estimate of warranty expense by $60‚000. The present estimate of warranty expense is $500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures
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First‚ there are many different changes in the way we read and the material that we read. A stone tablet is no longer required because we have other ways to read. Second‚ communication has changed a lot in the past 100 years. We no longer have to send snail mail nor wait on it. Last‚ the way kids play games has been changed due to technology advancing. Board games are a thing of the past. As can be seen‚ daily life has changed drastically in the past decade because of evolution in technology.
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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Throughout history there are very few things that have stayed the same. Everything is bound to change at some point. Child labor has changed immensly in the last 150 years. Laws have been into place to restrcit adults from demanding the labor of children in factories. The people who ran these factories tried to portray their bussiness as safe enviorments for children to work in‚ but if child was able to makes it through each day without gettig injured was almost a miracle. The letter explains a
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