MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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Accrual Method Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? With accrual accounting it is easy to recognize when revenues are earned and expenses are incurred. Under the cash accounting method an non profit agency would not have any revenues because everything is recorded on a cash in and cash out transactions under cash accounting. There is never any
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ruled by the pharaoh other people‚ of the hierarchy‚ help rule the government they specialize in different places in the government. pharaoh was considered a god wives of pharaohs were the 2 most powerful after the pharaohs the other leader of the government under the pharaoh was the visier the viziers job was overseer of the land About 1000 years after pyramids came out they began to go out of style because of tomb robberies After this the rulers or pharaohs were hidden away in rock tombs if
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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Heng-Hsuan Tsui ENC 1101 Spring Essay #1 1/20 2014 The Reason Why I Am Attending College The reason for attending college are probably just like everyone else’s. I went to college because I wanted a better life for myself. I’d like to find a job and have a wonderful life. I am an international student majoring in dance from Taiwan. My country’s dance doesn’t have a chance to be appreciated‚ so I tried and moved to another country‚ which its dance is famous‚ and appreciate on international
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loss of the company assets. Fundamental First of all‚ why we have to make BDA? Balance day adjustments are therefore required to ensure the financial statements portray a 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
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Examine the reasons for the changes in divorces rates since 1969? There are many reasons for the changes in divorce rates since the 1969 such as the legal changes‚ the changing role and position of women‚ also how the expectations for marriage is different. We will also compare the difference between the past and the present in order to see why these changes have occurred. We know that in the past‚ divorce was very hard to get as it was only legal for the men to file a divorce. Also it was socially
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Understanding management accounting techniques in the context of organizational change: as strategic business partners with a responsibility to improve operations‚ management accountants must identify techniques that support incremental change and help transform their firm. By Joseph‚ George Publication: Management Accounting Quarterly Date: Monday‚ March 12 2007 You are viewing page 1 EXECUTIVE SUMMARY Driven by the need for organizational change‚ management accounting techniques have developed
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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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were made. During the twentieth and twenty-first centuries collaboration was done especially after numerous corporate and accounting disgraces occurred. The purpose of the SOX was to reinforce accountability‚ improve financial reporting and governance in corporations. In addition implementing effective auditing and the encouragement of careful observation of public accounting followed by an enforcement of intense criminal and civil charges liabilities for violations of the securities law was also
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