Course Subject: Accounting for Decision-making Course Code : GSM5301 Group : 8 Case Study : Prestige Telephone Company Background of Case Study In April 1997‚ president of Prestige Telephone Company (PTC)‚ Daniel Rowe‚ was making arrangements to meet with its computer data service subsidiary Prestige Data Services’ (henceforth PDS) manager Susan Bradley. This subsidiary performs data processing for the telephone company and sells computer services to other companies. In 1994‚ Rowe suggested
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Accounting Equation Paper Student Course Date Instructor Accounting Equation Paper The accounting equation which we know as Assets equals to Liabilities plus Equity for a sole proprietorship and for a corporation we know it as Assets equals to liabilities plus stockholders & equity. Assets are company owned‚ liabilities are what company owes and the difference between the both of them is the owner’s equity‚ these three things are what the companies
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Number (SPIN) South Pacific Form Seven Certificate ACCOUNTING 2004 QUESTION and ANSWER BOOKLET Time allowed: Three hours INSTRUCTIONS Write your Student Personal Identification Number (SPIN) on the top right hand corner of this booklet and on the fold-out flap on the last page. Answer ALL QUESTIONS. Write your answers in the spaces provided in this booklet. If you need more spaces for answers‚ ask the Supervisor for extra paper. Write your SPIN on all extra sheets used and clearly number
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RSM221. Issue Analysis Papers IAP No.1‚ Financial reporting issues of Plant‚ page‚ Bonham & Jones (PPBJ) Overview PPBJ is a privately-owned company and their main operating activity is to build theatres and concert halls. On Jan 1st‚ 2010 they signed a contract of an amphitheatre‚ which will be finished at the end of 2012. The price of 10.5 million dollars is assigned to the contract. We‚ as their auditors‚ are asked by a company partner‚ to identify and
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satisfactory method of accounting for the transfer of goods and services from one profit center to another in companies that have a significant number of these transactions. The objectives of this case is whether the Northern Division of Birch Paper Company should buy corrugated boxes for a new product internally from the Thompson Division at a transfer price higher than the market price‚ or from one of their external suppliers. Also‚ should the vice president of Birch Paper Company take any action
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000 Factory insurance 500 Materials handling 1‚500 5‚000 Manufacturing cost P80‚000 2. (a) Decrease in finished goods inventory P35‚000 Add: Raw materials purchased P430‚000 Direct labor payroll 200‚000 Factory overhead 300‚000 930‚000 Total P965‚000 Less: Increase in raw materials inventory 15‚000 Cost of goods sold P950‚000 3. (d) Direct labor- Wages of machine operations
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ACCOUNTING FOR BUSINESS II CHAPTER 1 COST SHEET Meaning And Scope of Cost Accountancy The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants‚ London‚ cost accountancy means‚ “the application of costing and cost accounting principles‚ methods and techniques to the science‚ art and practice of cost control. It includes the presentation of information derived
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Accounting Policies Introduction Within the financial statements there is a section that discloses the accounting policies used by the company for the financial year. The purpose of this will be discussed in this assignment while being applied to Morrison’s final accounts. The IASB will also be discussed; the discussion will include legislation which will show the legal requirements that the company has to keep to. It will then go on to explain why they may use those policies and who do they
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Abstract: This project consists of a compilation of Managerial Accounting principles and concepts that have been learned throughout the ACCT 202 course. The theory learned was put into practice by using direct Accounting Information from the Nike Corporation‚ as a guideline for our own company‚ Scooter’s Sneakers. By fulfilling the guidelines for the project‚ the group was better able to visualize and understand the techniques and reasoning for the information learned from each Chapter taught in
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makes for a great introduction to my course. To get the most out of it‚ you need to spend some time thinking about what the company does. Read the case carefully. 1. What does Patten Corporation do? What does it buy? What goods or services does it sell? How does Patten make money? 2. Is Patten profitable or unprofitable? If it is profitable‚ what does the company do that makes it profitable? If profitable‚ is it likely to remain profitable? If not profitable‚ why not? If not profitable
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