“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
Premium Financial statements Balance sheet Generally Accepted Accounting Principles
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
Premium 1966 1970 1979
Best Sources for Financing Should Understand Trucking Business 1888 PressRelease - Financial Services Vice President Patrick Gaskins explains that while credit may be easier to find for trucking companies with strong balance sheets‚ it’s essential the lender understands the big picture‚ including the total cost of ownership. CHERRY HILL‚ NJ - Recent news reports in the transportation media indicate that financing for commercial truck purchases is becoming a little easier to find. But finance
Premium Finance Costs Investment
Caselet1 Cool Heads Cool Heads was established in 1985 to manufacture‚ distribute and market pharmaceutical soft drinks. It was purely an Indian company and had to face tough competition from multinational companies during the initial years. The company in last decade‚ with the help of effective market strategies‚ has set up a place for itself‚ amongst leading pharmaceutical companies in the country. In 1995‚ the managing director of the company stressed the need for diversification and
Premium Marketing Advertising
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
Premium Balance sheet Inventory Manufacturing
ACCT 110 Study Guide_Ch. 11 (Sv) Learning Objectives [1] Distinguish between a standard‚ a budget and variance. [2] State the formulas for determining direct materials and direct labor variances. [3] State the formula for determining the total manufacturing overhead variance. II. Standard and variance Standard is the norm (e.g. standard number of years to get a college degree; standard number of hours to get a good night’s sleep; standard amount of time spent to pass CPA‚ etc).
Premium Direct material price variance Wage
CHAPTER TWO Discussion Questions 1. How would you characterize the competitive strategy of a high-end department store chain such as Nordstrom? What are the key customer needs that Nordstrom aims to fill? The Nordstrom web site states the following. Over the years‚ the Nordstrom family of employees built a thriving business on the principles of quality‚ value‚ selection‚ and service. Today‚ Nordstrom is one of the nation’s leading fashion retailers‚ offering a wide variety of high-quality
Premium Department store Retailing Wal-Mart
Judicial Department Article VIII‚ 1987 Constitution SECTION 1. The judicial power shall be vested in one Supreme Court and such in lower courts as may be established by law. Judicial power includes the duty of the courts of justice to settle actual controversies involving rights which are legally demandable and enforceable‚ and to determine whether or not there has been a grave abuse of discretion amounting to lack or excess of jurisdiction on the part of any branch or instrumentality of
Premium Law Judge Separation of powers
Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts‚ Walmart and Carrefour‚ is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands
Premium Tesco Management accounting Hypermarket
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
Premium Generally Accepted Accounting Principles