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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1)Introduction A machine tool is a powered mechanical device‚ typically used to fabricate metal components of machines by machining‚ which is the selective removal of metal. Machine tools can be operated manually‚ or under automatic control. Early machines used flywheels to stabilize their motion and had complex systems of gears and levers to control the machine and the piece being worked on. Soon after World War II‚ the numerical control (NC) machine was developed. NC machines used a series
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Science fiction made its way in ruling our lives. Technology is all around us. Year by year‚ centuries over centuries‚ the dependency towards technology is exacerbating. This situation however‚ have been predicted by a story titled “The Machine Stops” that was written last century‚ and is predicting how humanity will be driven away by technology advancement. This situation is also pictured in the movie “The Transcendence”‚ that was released in the 21th Century‚ and how humanity is being used and
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following terms used in Note 3: grant date‚ exercise price‚ vesting period‚ expiration date‚ options granted‚ options exercised‚ and options forfeited. b. Note 3 (page 47 of Xilinx’s annual report) indicates that in fiscal 2007‚ Xilinx adopted a new accounting method for its stock options and other stock-based compensation as required by SFAS 123R. How does Xilinx now account for stock options? How does this differ from the method Xilinx used before
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Java Virtual Machine‚ An inside story!! Java Virtual Machine‚ or JVM as its name suggest is a “virtual” computer that resides in the “real” computer as a software process. JVM gives Java the flexibility of platform independence. Let us see first how exactly Java program is created‚ compiled and executed. Java code is written in .java file. This code contains one or more Java language attributes like Classes‚ Methods‚ Variable‚ Objects etc. Javac is used to compile this code and to generate .class
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POT TENDING MACHINE PTM is the crucial equipment of large anode pre-baking workshop. It is used in the environment of high temperature‚ large current‚ strong magnetic field and HF gas. It can perform the following procedures ANODE CHANGE: Anode in the pots is changed at an interval of every 27 days since daily 1.5 cm of the anode gets consumed. A carbon block is usually 55 cm high of which only 40 cm can be used up. The main reason behind the anode consumption is the following electrolytic
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A Critique of Brook Gladstone’s and Josh Neufeld’s “The Influencing Machines” Brook Gladstone is an author who published the article “The Influencing Machines” in 2015. On the other hand she is also a media analyst and a host of NPR’s in the media. Additionally she did not write this article on her own‚ she had the help of Josh Neufeld. Gladstone did the writing while‚ Neufeld did the illustrations. It was collaboration between both people. The central thesis of Gladstone and Neufeld is that we
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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