Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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Managerial Accounting 10th of March Anhar Hardjakusumah Understanding Cost Concepts Cost Terminology Product (Manufacturing over(head+ direct labor and materials) and Period Cost (selling + administrative) Variable and Fixed Cost Direct and Indirect Cost Controlable and uncontrollable cost Differential (the difference between the cost of two alternative decisions) Marginal (the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of
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Holmes v. South Carolina United States Supreme Court 547 U.S. 319 (2006) : Facts: Holmes was charged with first degree murder‚ first degree burglary and robbery in connection with an incident involving an 86 year old woman‚ Mary Stewart. Holmes was also charged for the rape and murder of Stewart. At the trial court‚ Holmes was convicted by the South Carolina Supreme Court. The United States Supreme Court denied certiorari. The petitioner had appealed and the court granted a new trail. During
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ledger a.a chronological record of all transactionsb.the balance of each account in the chart of accountsc.budget records for each account in the chart of accountsd.subsidiary details supporting a control account 2. Which steps in the Financial Accounting Process are in the correct sequence based on closing the accounts and determining timing differences prior to issuing financial statements a.record the transaction‚ post to the ledger‚ prepare the adjusted trial balance‚ enter adjusting entries
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11. Job-order costing- normal costing; 12. Budgeted indirect costs. Chapter 4 Required: (4-18) (4-22)‚ (4-30)‚ (4-40). Case Required: Wheeled... Save Paper Case Studies On Performance Management always fascinated me how energetic‚ passionate‚ and in some cases fanatical people get over a topic like performance management and cost management. Over the years... Save Paper Process Costing And Spoilage Week 15 Distance Student File 1 of 35 Problem 7 Job Order Costing Jessica Company started operations
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Joseph Pantoja History 11 May 1‚ 2014 South Secedes Even though things were already coming to a head‚ when Lincoln was elected in 1860‚ South Carolina issued its “Declaration of the Causes of Secession.” They believed that Lincoln was anti-slavery and in favor of Northern interests. Before Lincoln was even president‚ seven states had seceded from the Union: South Carolina‚ Mississippi‚ Florida‚ Alabama‚ Georgia‚ Louisiana‚ and Texas. By this time‚ South Carolina’s two United States Senators had
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different social‚ economic and political stances of the North and South cultures. Both Southern and Northern states depicted two different stand points on how things should be as far as political‚ social and economic views of American in that time. The North and South’s view on political‚ economic and social status varied greatly‚ making it difficult to come to any terms‚ leading to much greater conflict. Society varied for the North and South states‚ depending on their status‚ Americans were either educated
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Introduction The continent of South America has about one-eighth of the Earth’s land surface‚ situated between latitudes 12°N-55°S and longitudes 80°-35°W; no other continent has a greater latitudinal span. Eighty percent of its land mass is within the tropical zone‚ yet it extends into the subantarctic. The extensive zones of temperate and cold climates in the vicinity of the Equator‚ in the Andes‚ are unique. The land area of about 17‚519‚900-17‚529‚250 km² is under the jurisdiction of 13 countries
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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