Corporate Structure Organization structure Corporate Culture TM Group has a formal organisation structure with clearly defined lines of responsibility and authorities to facilitate quick response in the evolving business environment‚ effective supervision of day-to-day business conduct and accountability for operation performance. The roles of Central Functions (Corporate Centres) have been strengthened to provide guidance related to specific core function
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Effect of revenue increase to Ford Motor Company’s working capital policy. Ford Motor Company working capital is a measurement of efficiency and health in a short term. The working capital is Current Assets less the Current Liabilities‚ and 20% increase indicates Ford Motor Company should pay off short-term liabilities. Ford Motor Company shows a 20% increase in revenue that brings the revenue up from $128‚954 to $154‚745 million. With the increase Ford Motor Company should invest in labor
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Revenue and Capital Expenditure Revenue and Capital expenditure are slightly different. Revenue expenditure is money that is spent on items that are only going to be used once‚ such as printer paper‚ stock‚ repairs‚ petrol etc. These items would go under expenses in the profit and loss account and would be included as part of revenue in balance sheet. Capital Expenditure is money spent by a business on items that are going to be used more than one time‚ for example machinery‚ buildings and
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Disclosure Cost/Benefit 5. Cost of collecting and reporting information on cash flow per share exceeds the estimated value to users. 6. Relates costs of earning revenue with the revenue recognized in a particular period. Matching Principle Revenue Recognition Principle 7. Determines the timing of recognition of sales and service revenues. Conservatism 8. Means adopting the less optimistic of two possible reasonable assumptions about the future. 9. Establishes the rationale of accounting on a non-liquidation
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statements. The revenue recognition principle states that‚ under the accrual basis of accounting‚ you should only record revenue when an entity has substantially completed a revenue generation process; thus‚ you record revenue when it has been earned. The matching (expense recognition) principle is one of the cornerstones of the accrual basis of accounting. Under this principle‚ when you record revenue‚ also record at the same time any expenses directly related to the revenue. Thus‚ if there is
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(typically 3-5 alternatives) 3. E limi nate 1. Strengths -Leon Navickas who is the founder of Centra had worked as general manager of Advanced Research and Development on the Lotus Notes groupware‚ which shows he has knowledge of the industry. (pg 4) -Revenues have increased from $8.6 million in 1999 to $23 million in 2000. -The three different products that are offered appeal to many if not all of the needs of the stated target market. -Able to reduce the installation process from 5 days to 2 days. (pg
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Chapter 12: Liabilities Suggested Time Case 12-1 Dry Clean Depot Limited 12-2 Darcy Limited 12-3 Homebake Incorporated Assignment 12-1 Liability issues 25 12-2 Liability recognition (W*) 25 12-3 Warranty 10 12-4 Estimated obligations 20 12-5 Liability measurement……………………….. 15 12-6 Measurement of estimated liabilities 20 12-7 Long-term note—borrower and lender 35 12-8 Note with below-market interest rate 35 12-9 Debt issuance‚ fair value
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this were the case how much would net income have been in 1997 and 1998? What would be the percentage increase in net income from 1997 t0 1998? Compare that to the actual reporting change in net income from 1997 to 1998 Year 1995 1996 1997 1998 Revenue 6075 9050 11936 15262 Reported R&D 860 1326 1863 2601 Adjusted R&D 860*40%=344 1326*40%=530.4 1863*40%=745.2 2601*40%=1040.4 R&D Capitalized 860-344=516 1326-530.4=795.6 1863-745.2=1117.8 2601-1040.4=1560.6 Reported NI 1453 2195 3454 4490 Adjusted
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1. ABSTRACT The Smart Note Taker is such a helpful product that satisfies the needs of the people in today’s technologic and fast life. This product can be used in many ways. The Smart Note Taker provides taking fast and easy notes to people who are busy one’s self with something. With the help of Smart Note Taker‚ people will be able to write notes on the air‚ while being busy with their work. The written note will be stored on the memory chip of the pen‚ and will be able to read in digital medium
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Assets are recorded at the cost to acquire them Going Concern: That a company will continue to operate in the near future 4 Fundamental Financial Statements 1.) Income Statement a. Reports the results from Operations in a specific period of time b. Revenues‚ expenses‚ and Net Income/Loss (Part of “performance”) 2.) Balance Sheet a. Shows the financial position of the company up to date b. Assets‚ Liabilities‚ and Shareholders’ Equity 3.) Cash Flow Statements a. Shows the movements of cash and cash consequences
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