TAKE HOME EXAMINATION MAY 2012 SEMESTER SUBJECT CODE : MAF656 SUBJECT TITLE : ADVANCED ACCOUNTING AND FINANCE LEVEL : DOCTOR OF BUSINESS ADMINISTRATION STUDENT’S NAME : SARAVANAN KOLAN DE VELU MATRIC NO. : M70205120002 PROGRAMME : DBA ACADEMIC FACILITATOR : PROF. DR.MOHAMMAD ADAM BAKAR LEARNING CENTRE : KL-HEAD OFFICE INSTRUCTIONS TO STUDENTS 1) This assignment consists of THREE (3) questions. Answer ALL questions. 2) Plagiarism in
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Five hundred million years ago‚ the invasion of land was under way. Why then? Astronomical numbers of photosynthetic cells had come and gone‚ and oxygen-producing types had changed the atmosphere. High above Earth‚ the sun’s energy had converted much of the oxygen into a dense ozone layer‚ a shield against lethal doses of ultraviolet radiation. Until then‚ life had not ventured above the surface of water and mud. Algae were evolving at the water’s edge‚ and one group – probably the charophytes
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The Evolution of the Zombie Forget what you remember about your slow‚ shambling‚ rotting‚ flesh-eating corpses‚ also known as zombies. What used to be bland‚ boring‚ and not that scary are now taking the place of the “sparkly love-struck vampire” and the hugely terrifying beast of a werewolf. Thus evolving in pop culture. Zombies‚ from the standards that we remembered were these slow‚ staggering and moaning undead that could not run or jump‚ they could not open doors nor did they have
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The Evolution of the Hispanic Stereotype in Films and Television (1909-1960s) November 18‚ 2012 “Lucy‚ I’m Home!” With these words first uttered on October 15‚ 1951‚ Americans were introduced to arguably the first Hispanic[1] actor who became both embraced and beloved by the public in what was to become the most watched series in all of television history. Cuban born Desi Arnaz portrayed the character of Ricky Ricardo‚ the bongo-playing husband from the I Love Lucy[2] show
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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References: Warren‚ C.‚ Reeve‚ J.‚ and Duchac‚ J (2007). Accounting. 23rd ed South-Western‚ cengage learning in thousands except share data | January 3‚ 2009 | December 29‚ in thousands except share data | December 29‚ 2007 | December30‚
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Bacterial Evolution In the late 19th century‚ diseases led researchers to find treatments to kill the growth of microbes. The outcome of the search was a new kind of medicine which is known as antibiotics. Antibiotics is a variety of substances that control the growth or kill bacteria. Since bacteria is evolving rapidly and resisting antibiotics due to the overuse of the medicine‚ reducing the need and use would help slow down the bacteria from evolving. There are many things that can be done
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