SEMESTER SPRING 2013 FINANCIAL ACCOUNTING (MGT101) ASSIGNMENT NO. 01 DUE DATE: 2nd May 2013 MARKS: 20 TOPIC TO BE TESTED : • Application of “Rules of debit and credit” LEARNING OBJECTIVES: • To develop an understanding for applying the rules of debit and credit ASSIGNMENT QUESTION On 1st March 2013‚ Mr. Adnan organized a business called A.R Rentals. Mr. Adnan’s new business was able to begin operations immediately by purchasing the assets and taking over the location of Ammar Rentals‚ an equipment
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JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is‚ an employee is entitled to the pay even if employment terminates). During 2013‚ total wages paid to employees equaled $404‚000‚ including $4‚000 for vacations actually taken in 2013 but not including vacations related to 2013 that will be taken in 2014. All vacations earned before 2013 were taken before January 1‚ 2013. No accrual entries have been made
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Financial Analysis Case: Peng Plasma Solutions PROFESSOR LENA C. BOOTH Objectives • The objectives of the Financial Analysis session are to analyze Peng Plasma Solutions financial performance‚ and to see why properly managing funding needs is essential for a company to pursue its corporate strategies. Professor Lena C Booth 2 Peng Plasma Solutions – Company Background • A private metal cutting company in China‚ founded by Jerry Peng‚ together • • • • with
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EBC4074 Financial Accounting Consolidation Wholly owned subsidiaries & Intragroup transactions Seminar 1 - Réka Felleg School of Business and Economics Sharing Success Agenda • • • • Key steps Problem 22.4 Break (?) Problem 23.3 Seminar 1 - Wholly owned subsidiaries & Intragroup transactions Slide 2 Key steps • Acquisition analysis – Identify an/the acquirer – Determine the acquisition date – Recognize and measure FV of identifiable assets acquired‚ liabilities assumed
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Case study 2.5 –Ryan air: Flying High in a competitive Atmosphere 1. How important is the role of operation in achieving competitive advantage at Ryanair? Ryanair competitive advantage is based on cost leadership strategy‚ maintaining the lowest prices among low-cost airlines (Haberberg and Rieple‚ 2008). In 2011‚ Ryanair became the most profitable low cost carrier in the world (www.ryanair.com). How operations support competitive advantage of Ryanair is measured by five performance objectives:
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CANADIAN TIRE SECTION – A EXECUTIVE SUMMARY Canadian Tire Corporation have more than 490 retail store and 420 FGL sports and Mark’s store. Though it is a retail store but it not competition with Walmart but Loblaw’s is a head to head competitor of Canadian tire. Target Canada was also considered to be a competitor of Canadian tire‚ automotive sector is a backbone of Canadian tire. We found that companies revenue increasing when its competitors target Canada shutdown. FGL contributed a big part
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ACCOUNTING 592 Financial Accounting & Reporting Seminar Spring 2010 Instructor: Office Hours (subject to adjustment): Teresa Gordon Office Hours: W 8:30–11:00 AM Albertsons Bldg. 118 and T‚W‚Th 1:15 - 3:00 PM 885-8960 or by appointment E-mail: tgordon@uidaho.edu Course web page: http://www.cbe.uidaho.edu/Acct592 ------------------------------------------------- MASTER OF ACCOUNTANCY – LEARNING GOALS ------------------------------------------------- -------------------------------------------------
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Accenture document on governance presented with the Alcan case‚ place Canadian Shield in the appropriate quadrant. According to the Accenture document‚ I would place Canadian Shield within the efficient‚ predictable operator category. The slow rate of change and need to compete on operational efficiencies characterized by most companies in this quadrant is detailed by the following quote from the case authors. “Sustainability for Canadian insurance companies greatly depended on investments in projects
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cost for external financial reporting purposes in a manufacturing firm. True False 6. In external financial reports‚ factory utilities costs may be included in an asset account on the balance sheet at the end of the period. True False 7. Advertising costs are considered product costs for external financial reports because they are incurred in order to promote specific products. True False 8. Selling and administrative expenses are product costs under generally accepted accounting principles. True
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Cases in Canadian Law Dehghani v. Canada: The appellant‚ a citizen of Iran‚ arrived in Canada on May 13‚ 1989‚ and claimed refugee status. After being questioned in the primary examination line‚ he was referred to a secondary examination‚ which involved a long wait‚ and‚ as he did not speak English‚ an interpreter was provided for him. At the secondary interview‚ the appellant omitted significant facts. This case involves two issues that are worthy of analysis‚ as he claims‚ first of all‚ that
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