gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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– STRATEGIC PURPOSE 4.1 Introduction The example of Lehman Brothers show that there is a failure of both strategy and governance. In this chapter we will able to : * Consider appropriate ways to express the strategic purpose * Identify the components of the governance chain of an organisation * Understand differences in governance structures * Identify differences in the corporate responsibility * Undertake Stakeholder analysis 4.2 Organisational purpose: values‚ mission
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The purpose of education is to open the minds of students to diversity‚ cultures‚ and views from all over the world. In order to create such an environment for students‚ they must be taught from different aspects of different people‚ should function in an uncorrupt society‚ and should have an unlimited amount of information that they can access so that the learning process can be achieved easily. Drawing on the articles “I Know Why the Caged Bird Cannot Read”‚ “A talk to Teachers”‚ and “Studying
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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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The Purpose Of Government The Purpose of Government is to give to “protect their sovereign territory and their citizenry and to provide national defense.” “ (Harrison/Harris‚ American Federal Government pg. 9) There are 5 main purposes to the American Federal Government: “to preserve order and stability‚ to establish and maintain a legal system‚ provide services‚ too raise and spend money‚ and to socialize new generations. “ (Harrison/Harris‚ American Federal Government pg.9-10) The marksman
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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Purpose of American Government American Government is necessary for society to maintain an orderly life with the people; that provides a governing body to help protect and carry out the laws that maintain freedom and liberty of the American People. When our founders came to America they were tired of living under a British monarchy and developed the constitution to help with fairness and make sure our community does not end up in tyranny. Within the constitution there are three branches of government
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A Library Research on INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY Presented to Elizabeth D. Kapulong‚ MA.Ed UST-AMV College of Accountancy As a partial requirement to complete the course‚ English 3 Prepared by The Tributes Members: Sahagun‚ Abbie Rose R. Pelaez‚ Angelica Marie‚ Cantoria‚ Gabrielle Alcid‚ Ariane Santiago Steffany August 22‚ 2012 ABSTRACT Table of Contents I. THE PROBLEM AND ITS BACKGROUND 4 A
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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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