Masters of Business Administration – MBA Semester 1 MB 0041 – Financial and Managerial Accounting – Assignment Roll No. 1305015785 Name of the Student: Pallab Kakoti Email id: ksetrajna@gmail.com Mobile : 958 256 3250 Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? Accounting‚ as an information system is the process of identifying‚ measuring and communicating the economic
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Both Saville and Emin are prominent contemporary British artists‚ who use feminine narratives in their work. Whilst Emin does this through a combination of mediums‚ both two and three dimensional‚ Saville only uses two dimensional painting as her medium of choice. Generally Emin’s artworks are installed openly in the gallery space‚ enabling the audience to view each installation from multiple perspectives and becoming well acquainted with the artworks. Saville’s large scale artworks‚ on the other
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While both King and Heschel had very different religious beliefs‚ they still impacted each other and the fought together for Civil Rights. For both of them‚ Civil Rights was a prominent cause that they needed to fight for. They both also thought that religious affiliation shouldn’t affect politics (127). They both had religious followers‚ and they both taught very similar morals and ethics. Dr. King often preached about Civil Rights and how important it was. “Heschel‚ for example‚ was particularly
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What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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1. a) Net Income = 135‚750$ b) OCF = 155‚000$ 2. a) Equity Value = Net fixed assets – long-term liabilities 2006: $3600 2007: $3240 b) Net working capital = (current asset– current liabilities year 1) Change = (CA-CL of years 1) – (CA-CL of year 2) = 972-727 = 245 3. Common Size Income Statement: Sales/Revenue = 100% Cost of Goods Sold = 65.3% Depreciation = 13% Earnings before interest and taxes = 21.64% Interest Paid = 16.32% Taxable income = 53.25% Taxes (34%) = 1.8%
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Financial accounting is the only branch of accounting and it is not perfect. There are large numbers of limitations which open new way to use other tools of accounting. To know what are the main limitations of financial accounting. It is very necessary for accountants. Accountants are often blind to these limitations. So‚ I am covering its limitation a lot of ground. Read below and understand:- Net effect of transactions are recorded in financial accounting which has happened in past. These
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Name: Final Summer 2013 Ex. 198 Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and show all your calculations. Net income $369‚000 Beginning accounts payable $119‚000 Depreciation expense 97‚000 Ending accounts payable 146‚000 Beginning accounts receivable 420‚000 Purchase of long-term assets 612‚000 Ending accounts receivable 439‚000 Issuance
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In William Shakespeare play Hamlet he embraces characters who are allies with Hamlet including most obvious Horatio. Hamlet and Horatio are alike yet different and each responds differently to the crisis with which they are faced. It can be observed in the play that Hamlet and Horatio are best friends. Both are young men who go to the same school they and would be portrayed as very loyal characters. Horatio loves Hamlet
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In Act One‚ Macbeth and Banquo encounter the witches and describe them as supernatural beings who could not be earthly. Banquo also says how it is difficult to distinguish their genders because they have beards. These supernatural characteristics inform the audience that there will most likely be a big change in the lives of the people who interact with these witches. This is especially true for Macbeth and Banquo because the witches had given them prophecies. Macbeth‚ who is currently the Thane
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Jacobs’ language is personal and uses personal examples to make the reader feel like they are violating someone’s privacy or eavesdropping. Conversely‚ Douglass’ language is factual and less emotional‚ while still using personal examples and educating the reader on what is really going on. Both Jacobs’ and Douglass’ language and writing styles are useful and give us a lot of insight into the era and impact of slavery. Douglass talks in a way that feels much likes lecturer on hour one of a four-hour
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