Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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ACCT 110 Study Guide_Ch. 11 (Sv) Learning Objectives [1] Distinguish between a standard‚ a budget and variance. [2] State the formulas for determining direct materials and direct labor variances. [3] State the formula for determining the total manufacturing overhead variance. II. Standard and variance Standard is the norm (e.g. standard number of years to get a college degree; standard number of hours to get a good night’s sleep; standard amount of time spent to pass CPA‚ etc).
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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CHAPTER 6 MERCHANDISING ACTIVITIES OVERVIEW OF BRIEF EXERCISES‚ EXERCISES‚ PROBLEMS‚ AND CRITICAL THINKING CASES Brief Exercises B. Ex. 6.1 B. Ex. 6.2 B. Ex. 6.3 B. Ex. 6.4 B. Ex. 6.5 B. Ex. 6.6 B. Ex. 6.7 B. Ex. 6.8 B. Ex. 6.9 B. Ex. 6.10 B. Ex. 6.11 Exercises 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 Topic Computation of gross profit Accounts receivable subsidiary ledger Perpetual inventory system computation of income Periodic inventory system
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Chapter 8 Non-Current Liabilities Assessment Questions AS-1 ( 1 ) Name the typical forms of non-current debt. A typical and common form of non-current debt is a term loan from a bank. Another form of ______________________________________________________________________________ non-current debt is bonds. ______________________________________________________________________________ ______________________________________________________________________________ AS-2 ( 1 ) What is a bond
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comprehensive 40 12-28 Foreign exchange 20 12-29 Foreign exchange (*W) 20 12-30 Partial statement of cash flow 30 *W The solution to this assignment is on the text Web site and in the Study Guide. The solution is marked WEB. Questions 1. The definition of a liability embodies a future sacrifice of assets or services‚ a present obligation‚ as a result of a past transaction or event. 2. A financial liability
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since I was ten years old. I was so impressed how interpreters could know so many languages and transition it another language. It truly baffled me and it was a career I wanted to do. It was truly an honor to receive an internship with Lokelani Intermediate School. Interpreting at schools/universities is a challenge and the interpreter has constant challenges‚ not just the deaf student but other students and school factors. I learned that being an interpreter is not just interpreting for a student
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Nursing is a job that needs a lot of resilience. I am a CNA and I currently work in the Intermediate Care Unit. Resilience is a big part of the job when handling patients while they are staying in the hospital. A lot of the patients that I see when I am working have an understanding that I am there to help. There are some who get brought in by family because they are concerned and the patient doesn’t know where they are or who they are. My experience is that I can never give up on them and always
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Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
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