Chapter 1 Accounting and the business environment Learning Objectives 1. Use accounting vocabulary 2. Apply accounting concepts and principles 3. Use the accounting equation 4. Analyse business transactions 5. Prepare the financial statements 6. Evaluate business performance Horngren‚ Best‚ Fraser‚ Willett: Accounting 6e © 2010 Pearson Australia Objective 1 Use accounting vocabulary. Horngren‚ Best‚ Fraser‚ Willett: Accounting 6e © 2010 Pearson Australia Accounting... is
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Transaction Exposure (Note 11; Ch 8) 1. Transaction Exposure 2. Hedging Foreign exchange exposure is a measure of the potential for a firm’s profitability‚ net cash flow‚ and market value to change because of a change in exchange rates These three components (profits‚ cash flow and market value) are the key financial elements of how we evaluate the relative success or failure of a firm 1. Transaction Exposure: measures changes in the value of outstanding financial obligations
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AA101 – ACCOUNTING I Academic Year : 2010-2011 Course Coordinators : Dr Harshini Pushpika Siriwardane Mr. Hu Kin Hoi Billy Pre-requisites : Nil No. of AUs : Semester : Other Instructor(s) : 4 2 Course Description and Scope Accounting is the language of business. This course aims to provide students with a broad understanding of business‚ the role of accounting in business‚ the analysis‚ recording‚ summarizing‚ and reporting of business transactions
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Today: 21 Nov 2014 Mr Ahmed Shkhawat Hasan Transactions MR AHMED SHKHAWAT HASAN 20-80-57 43163857 Available balance £672.36 Last night’s balance £9.79 Overdraft limit £0.00 Emergency Borrowing £0.00 Showing 8 transactions between 22/10/2014 and 21/11/2014 Date Description Money in Money out Balance 21/11/2014 TESCO £668.99 £678.78 19/11/2014 PayPal £95.98 £9.79 11/11/2014 PayPal £16.00 £140.61 10/11/2014 A Hasan £50.00 £124.61 07/11/2014 HASAN A £80.00 £233.50
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Unit 5 Business Accounting P5 Introduction In this assignment I will be using the profit and loss accounts and balance sheet for SIGNature ’s business to work out the Profitability‚ Liquidity and Efficiency Ratios. Profitability Gross profit Percentage sales Gross Profit Sales Turnover ×100 244200 444000 ×100=53% Net Profit Percentage Net ProfitSales turnover×100 73960444000×100=16.66% Return on Capital Employed (ROCE) Net Profit before interest and taxCapital Employed×100 73960149160×100=49
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Petty Cash 3 000 Creditors Control 50 000 Debtors Control 60 000 Equipment 90 000 Investments 90 000 Long term Loans 200 000 Motor Vehicles 120 000 Inventory 200 000 Retained Earnings 420 000 1 063 000 1 063 000 However the following transaction has not yet being taken into account: • A delivery vehicle with a book value of R 52 000 (initial cost of the vehicle was R 69 333) was involved in an accident and the insurance company’s assessors determined that the vehicle was beyond repair
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Paper on Role of Accounting & MIS in Decision Making Submitted By Prof. Neeraj Dubey* Prof. Umesh Sharma** ………………………………………………………………………………….. *Faculty Department of Management Studies SRIIT Banmore‚ Gwalior (M.P.) Email: neerajsriit@gmail.com Ph.: 9425775758 ** Faculty Dept. of Management Studies M.P.C.T. Gwalior (M.P.) Ph.: 9301121672 Abstract In current scenario the professional decisions of the managers are based on organizational data and not merely the gut feelings of
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Efficacy of Melgaco Equation in Predicting Permanent Mandibular Canine and Premolars width INTRODUCTION Mixed dentition is the period that includes both the primary and permanent dentition‚ begins at the age of 6 years with eruption of lower 1st permanent molar or lower permanent central incisor and ends with the eruption of 2nd permanent molar. It is necessary to perform mixed dentition analysis because it is used to calculate difference between the space available and space required by the tooth
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False
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Computers Computer and Computerised Accounting System Notes 12 COMPUTER AND COMPUTERISED ACCOUNTING SYSTEM With the expansion of business the number of transactions increased. The manual method of keeping and maintaining records was found to be unmanageable. With the introducton of computers in business‚ the manual method of accounting is being gradually replaced. And finally‚ the database technology has revolutionised the accounts department of the business. organisations. In this lesson‚ we will
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