ABFA 1013 INTRODUCTION TO ACCOUNTING DIPLOMA IN BUSINESS (ACCOUNTING) YEAR 1 – SEMESTER 1 (2014/2015) COURSEWORK 1 YONG KIT YEE 14WBD00875 KONG LIT PEI 14WBD01265 NAH SEE PENG 14WBD01318 TEE BEE SWAN 14WBD06042 DAY : TIME : DATE OF SUBMISSION : Table of Content Plagiarism Statement Declaration Form………………………………………………… Safe Assign Report……………………………………………………………………… Marking Scheme………………………………………………………………………… 1. Summary……………………………………………………………………………
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prepared financial statements The International Financial Reporting Standards or better known as IFRS‚ are generally principal-based standards‚ interpretations‚ and framework which is taken up by the International Accounting Standard Board (IASB) (Accounting Standards‚ 1997). The IFRS financial statements include the presentation of a set of statement of financial position‚ an income statement‚ a statement of cash flows and a statement of changes in equity. Information that are presented
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Ratio Formula (U5 M2) Workings – show calculation Ratio Greggs 2011 (U5 M2) Ratio Greggs 2010 Has ratio improved or declined? Ratio measures- Liquidity‚ Profitability or Efficiency (a) Describe Greggs performance in 2010 (U5 P5 U2 P7) (b) Compare Greggs performance 2011 to 2010. (U2 M3 U5 M2) Gross Profit Margin % 61.3% 61.8% Declined Profitability The business will calculate their gross profit‚ to allow the business to know their profit with sales of stock included. In 2010 Greggs performance
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Unit 44: Understand How to Support Individuals with Autistic Spectrum Conditions 1: Understand the main characteristics of Autistic Spectrum Conditions (ASC) 1.1 Each person with an ASC has their own individual abilities‚ strengths‚ gifts‚ needs and interests that can vary greatly from one person to the next. Due to the multifarious conditions attached to the autistic spectrum‚ and according to the degree of the ASC it is important to recognise the characteristics of an individual to determine
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“M3: Compare and contrast the personal selling skills and processes used in two different selling situations” Introduction: In this task I am going to compare and contrast the personal selling skills and processes used in the two different situations. One situation is over the phone and the other one is face to face communication. Comparison: In both situations the seller over the phone and the person speaking face to face have to greet the customers because they want to tell the customers
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original entry into the nominal ledger. The double entry system of book keeping ensures that every transaction is recorded twice in the accounts. The basic rule which must allows be observed is that every financial transaction gives rise to two accounting entries‚ one a debit and the other a credit. The total value of debit entries in the nominal ledger is therefore always equal at any time to
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Introduction to Business BUSN105 - 1304A - 09 Professor Casey Coots October 11‚ 2013 2 BUSN105: Scenario Abstract This scenario involves a number of competing issues that must be counter-balanced and addressed. First of all‚ on the positive side‚ it is important to note the vast potential opportunities available in this device idea. This device is anticipated to have numerous applications‚ each of which may be very profitable. Thus‚ it is in our best interest to maintain as much
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|Analyse the importance of this skill to the business i.e. why is it key to the| | | |operation of the business? (M2) | |Example: have knowledge of retail systems |Knowledge of retail systems includes knowing how to setup the cash register to|Knowledge of how a cash register works is essential if the business wants
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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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Unit 3 P3: Describe how a selected organisation uses marketing research to contribute to the development of its marketing plan. My selected organisation is Virgin Media; I am going to talk about the types of market research they do to contribute to their development plans. I will cover the following: Primary research Secondary research Qualitative research Quantitative research Virgin Media: Primary Research Primary Research is a business finding out a piece of information first-hand. The
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