1. What was the Kanthal president‚ Ridderstråle‚ attempting to accomplish with the Account Management System? Are these sensible goals? Ridderstrale had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system
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What was the Kanthal president‚ Ridderstrale‚ attempting to accomplish with the Account Management System? Are these sensible goals? Why or why not? The motivation for Carl-Erik Ridderstrale‚ president of Kanthal‚ to develop an Account Management System was to find a process of determining the profitability of individual customer orders. An accurate account measurement system was needed in order to achieve a strategy for increasing growth and profitability without adding a significant amount of sales
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partnership agreement provided as follows: (a) Interest at the rate of 10% per annum is to be allowed on the partners’ Capital Account balances. (b) Interest on drawings was to be calculated at 4% per annum. (c) Top was allowed a salary of RM400 per month. (d) Interest on partner loan was 6% per annum. Trial Balance As At 31 December 2009 RM Capital : Top : Middle Current Account : Top : Middle Drawings – Middle (1 October 2009) Loan from Top Furniture and Fittings (cost RM50‚000) Premises Debtor and
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Victoria Oslund EDUC 203 12/10/12 Reflective Essay. Teaching and Learning in a Diverse Society has truly opened my eyes to what I will be facing in a classroom‚ whether it be the type of students I will be teaching or how I will teach my students a controversial topic. It gave me many different ways to bring up a hard topic that someone people would feel uncomfortably teaching to younger students. Not only did it open my eyes it has helped me think in abstract ways on topics that are new to
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Emotional Bank Accounts We all do things that are counter-productive to our relationships. We all like to have people be nice to us. The concept of an emotional bank account is powerful‚ yet not quite as simple as keeping a ledger of debits and credits. One of the problems is the perception of worth. What is a “deposit” worth. We may think it is quite valuable. The affected person may consider it so routine it is not even remembered. The trick in making deposits is to know what value the
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PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook April 2005 PeopleSoft Enterprise Payroll Process Integration Pack for SAP 8.9 PeopleBook SKU HRCS89MP1PIP-B 0405 Copyright © 1988-2005 PeopleSoft‚ Inc. All rights reserved. All material contained in this documentation is proprietary and confidential to PeopleSoft‚ Inc. (“PeopleSoft”)‚ protected by copyright laws and subject to the nondisclosure provisions of the applicable PeopleSoft agreement. No part of this documentation
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Q. How Will You treat ‘ packing expenses on sales’ in final accounts? Ans. It is an indirect expense‚ therefore‚ it should be shown in the Profit & Loss Account. Adjustments at a Glance Sl No. Adjustments Adjustment Entries Treatment in Final Accounts 1. Closing Stock Closing Stock A/c Dr. To Trading A/c a. Credit side of Trading A/c. b. Show on the assets side of B/S 2. Outstanding or unpaid expenses Expenses A/c Dr. To Outstanding exp. a. Add to the
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Second‚ check the inventory account. After we sort and count the inventory‚ we want to make sure that whether our accounts are correct. And then we have to options‚ first the account has some mistake‚ and then fix the account. Second‚ the account has no mistake; we can do the next step. Third‚ check the sale account‚ after we make sure that the inventory’s account is correct. We should check the sale account. Affirm the entire bill was in that account. Whether some people take the goods
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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Abstract The system will properly accommodate the needs of the students and the parents in taking the statement of accounts. It will provide an accurate‚ fast and smart statement of accounts to students that are up-dated for the school administrator and the students. It will also provide students to view their own statement of accounts. Student Account System has different features that would be a perfect aid for the students‚ school administrators‚ cashiers and parents as well. These are; processing
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