CASE STUDY: SAP FOR ATLAM Case Summary Akademi Teknikal Laut Malaysia (ATLAM) was established on August 1981 and privatized on January 1997. ATLAM was wholly owned organization of MICT Berhad. The mission of ATLAM was to facilitate value added learning and provide excellent services to its client. In year 2001‚ the management had been asked to upgrade accounting system with the PETRA group-wide SAP system. SAP was an integrated business application package that covered most functions of an organization
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Inc. Expenses | | 7500 | | | | Cash | | 7500 | 6/15 | PPE | | 62500 | | | | Cash | | 62500 | 6/24 | Inventory | | 75000 | | | | Cash | | 75000 | 7/1 | Service Expense | | 23750 | | | | Cash | | 23750 | 12/31 | Account Receivables | | 69500 | | | Cash | | 685000 | | | | Sales | | 754500 | 12/31 | Inventory | | 175000 | | | | Cash | | 175000 | 12/31 | Advertising Expense | | 22500 | | | | Cash | | 22500 | 12/31 | Salary Expense | |
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reported in a separate schedule‚ and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach. Transaction Where Reported Cash Inflow‚ Outflow‚ or No Effect? Depreciation expense on the plant assets Noncash (NC) Inflow Paid interest expense. Investing (I) Outflow Cash from a sale of plant assets. Investing (I) Inflow Acquired land by issuing common stock. Noncash (NC) No Effect Paid a cash dividend Financing (F) Inflow Distributed
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Health Financial Management – HAS 525 October 20‚ 2011 Bandywine Homecare‚ a not-for-profit business‚ had revenues of $12 million in 2007. Expenses other than depreciation totaled 75% percent of revenues‚ and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. What were Brandywine’s 2007 net income‚ total profit margin‚ and cash flow? Net income = 12M * (1 - 75%) - 1.5M = $1.5
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Lease Liability 43‚019 Cash 43‚019 BRIEF EXERCISE 21-3 Interest Expense 29‚530 Interest Payable [($300‚000 – $53‚920) X 12%] 29‚530 Depreciation Expense 37‚500 Accumulated Depreciation—Capital Leases ($300‚000 X 1/8) 37‚500 BRIEF EXERCISE 21-4 Interest Payable [($300‚000 – $53‚920) X 12%] 29‚530 Lease Liability 24‚390 Cash 53‚920 BRIEF EXERCISE 21-5 Rent Expense 35‚000 Cash 35‚000 BRIEF EXERCISE 21-6 Lease Receivable (4.99271
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Car Rental Services Table of Contents S.no Description Page Introduction 3 1.0 Executive Summary 4 2.0 Business Description 5 2.1 Business plan 5 2.2 Long term goals of the company 5 2.3 Starting plan & Expenses 5 2.4 Company strength &Uniqueness of service 7/8 2.5 Potential of the business 8 3.0 Marketing Plan 9 3.1 Marketing segments & Target segments 9 3.2 Market needs 10 3.3 Competition 10 3.4 Promotion & Advertising strategy 11 3.5 Pricing Strategy 11 3.6 Marketing Budget 12
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0 Current Asset A current asset is an item on an entity’s balance sheet can be converted into cash within the operating cycle of the company or within one year .Examples of current asset such as cash and cash equivalent‚ receivables‚ prepaid expenses and inventories. 2.1 Cash‚ Cash Equivalents and Liquidity – John J. Wild refer that cash can consist of currency‚ coins and amounts on deposit in bank accounts‚ checking accounts‚ and some savings accounts‚ meanwhile cash equivalent is short-term
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of supplies that have been used up – Supplies Expense. Assets – Supplies is decreased. Stockholders’ Equity – Supplies Expense is increased. Step 2 ‐‐ Debit Supplies Expense and credit Supplies for $1‚300 (the amount that has been used up – the expense). Step 3 – After posting the AE to the Supplies account‚ ending balance of $1‚200 is correct. This is an asset on the Balance Sheet. Supplies Expense has a $1‚300 ending balance. This is an expense on the Income Statement. Example 2: On 8/31/X2
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Week Three Exercise Assignment Inventory 1. Specific identification method. a. cost of goods sold. Cash $35‚000 Sales $35‚000 Woods Good $11‚000 Wood Inventory $11‚000 Moon Goods $4‚000 Moon Inventory $4‚000 Total Cost of goods $15‚000 b. gross profit. Sales Revenue $35‚000-Cost of Goods $15‚000=$20‚000 Gross Profit c. ending inventory. $21‚800 (sunset)+ $31‚200 (earth)=$53‚000 (ending inventory) 2. Inventory valuation methods: basic computations. 3. Perpetual inventory system:
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revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues‚ and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. 1. Construct Brandywine’s 2007 income statement. An income statement‚ also known as a profit and loss statement shows how much money a company has spent over a period of time. It also shows the costs and expenses that are associated with earning
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