Corporate Ethics

The self-serving goals of corporate America has created a value system not only separate but in opposition to that of society. The result justifies any means by which to achieve it including the destruction of the environment as well as…

Accounting for Costa Company

Accounting for Decision Making Accounting for Decision Making Income ment for Costa Company for the year ended on 31-Dec-12 $ Revenues 624,400 (619,400+5,000) Cost of Goods Sold 412,610 (402,610+80,500-70,500) Gross Profit 211,790 Depreciation expense 18,250 Insurance 1,500 Salaries 61,940 Utilities…

Advance Accounting

toAASB 101 para 51 a, b c, the name of company, date of reporting and whether it is an individual entity or group entities are necessary details for those financial statements.Mentee has written the correct amount for the Interest Revenue.…

The complexity of Management

In this paper, the proponent clearly illustrates situations that identify existing complexities within an organisation. Marketing versus accounting department In most instances, there is always an ongoing clash between the accounting and marketing department. This is because of the meaning…

IASB Conceptual Framework

It is against this background that International Accounting Standards Board (IASB) has continued to make efforts aimed at making the work of the accountant in the preparation of financial statements as easy and well consolidated into the qualities mentioned earlier…

Management accountR12

The theory aims at reflecting management accounting system as dependent on factors that crop up from time to time. This theory brings details of the factors which rise up and affect a management accounting system. According to this contingency theory,…

Review of Accounting Ethics

Other reasons behind such accounting ethical breaches are the avoidance of taxes, prevention from a legal or regulatory consequence, approving the loans from the financial institutions, etc. (Weil, 2012) The importance of accounting ethical breaches is highlighted more especially in…

Coca cola Enterprises

In order to establish itself an enhanced space in the market, the company engages in social responsibilities. Coca Cola acts as a global employer and is ranked within the top 10 organisations (The Coca Cola Company, 2012). Products/services and geographic…

Contracting Method and Award

The United States General Accounting Office (2003) provides that the method used to bid is the Invitation For Bid (IFB) which includes the product description or description of service required, conditions of purchase, payment, packaging, delivery, the deadline for bid…

Finance and Accounting 2

The interaction made with the organization based on relationship marketing can prove to be a part of ongoing relationship between the customer and the organization and this is because through the interaction, which was done through mail, highlights the importance…

Understand &amp

explain the Accounting Equation and its componentsUnderstand explain the Accounting Equation and its componentsFurthermore, it makes sure that financial statements reflect acrual basia of accounting. Adjusting entries are necessary because a single transaction may affect revenues or expenses in more…

Finance and Accounting Nike Inc

Financial information is an important component for any organization in the contemporary business environment. Accounting and budgeting information are important aspects of finance and accounting that rely on accuracy, reliability and ease of access for the strategic advantage of any…

True Cost of King Plc

Based on the information provided, the study analyzes the traditional costing method used for financial accounting and the direct costing approach recommended in management accounting. Other methods of appraisal are also reviewed to determine the appropriateness of measure for King…

ASC Research F

The rationale behind treating this division as discontinued operation and held for sale has been discussed here and reporting of the position of financial statement for such division has been explained. A component of an entity can be considered discontinued…

About the Investment Options

Mutual Fund is a professionally managed pool of assets. Assets are collected from many investors. It is then invested in equities, bonds, money market instruments and other investment options. Mutual funds are open-ended or closed-ended investment options. The option to…

Foreign Currency Transactions

Foreign Currency Transactions PART UNIT 2 Determine the eliminating entries necessary for the 20X9 consoli d financial ments Eliminating entries, august 18, 20X9.E (1) outstanding bonds 1,000,000Adam Corp share 80% *1,000,000 = 800, 0000Eliminating Adam Corp 200,000At times, work paper…

What is The Cash Flows

The investment must be done in those opportunities where the NPV value is highest and in this situation spending money on project Alpha will result in highest NPV.The four main investment appraisal technique methods are Payback Period (PP), Accounting Rate…

The Contingent Budget

The important aspects will help finalize the budget by implementing the budget styles as well as developing alternative strategies and systems for delivering the business products. The last thing to draw is the budget. The other important aspect is obviously…

Throughput Accounting

costing methods, Activity Based Costing (ABC), however a little amount of concentration has been provided towards the constraints and problems being faced by organizations. History has witnessed that the performance of organizations is largely challenged by the constraints and these…

Social and Environmental Reporting

The paper shows that the company calls itself a leader in sustainability, one of the most important aspects in determining an organization’s commitment to Corporate Social Responsibility (CSR) and good social and environmental reporting. Faithful representation is defined as correspondence…

Simplify the answer

This additional expertise distinguishes auditors from accountants.GAAS are ten general guidelines that help auditors carry out their responsibilities. GAAS have: three general standards focusing on competence, independence, and due professional care. three on field work and four on reporting. GAAP…

Discussion Week 1

Architecture and Software Development The Phenomenon In Current Accounting Practices That Has Been Dubbed The Earnings Game In The Article By Justin FoxThe term earning game refers to the ways companies have and the measures they take to achieve their…

3) …

Sentra Inc.2) Sentra Inc. manufactures three types of graphic calculators: Super Deluxe, Deluxe and Regular.The budgeted data for the last quarter are given below:Selling priceVariable costContributionSales volume inper unitmargin per unitunitsSuper Deluxe$373$181$19210,215Deluxe27010017038,817Regular140806053,118Actual operating data for the last quarter are given…

Problem 256

Slow to Change Company has decided to computerize its accounting system. TheNPV of Lease alternativeYearCash FlowsPVF 16%Present Value0S(5,000.00)1(5,000.00)1S(5,000.00)0.86207S(4,310.35)2S(5,000.00)0.74316S(3,715.80)NPV S(13,026.15)NPV of Purchase…Managerial Accounting

Financial Accounting The Trial Balancei Need Help In Obtaining The Answer For

The Trial Balance of Hong Ann Sdn Bhd as at 31 December 2019 is given below.Hong Ann Sdn. Bhd.Trial Balance as at 31 December 2019DebitCreditRM’000RM’000Accumulated Depreciation:BuildingsNCA15,000Furniture and Fittings2,500Motor Vehicles5,000Accounts Payable10,000Accounts Receivable27,475General Expenses14,825Staff Salaries:Sales and Distribution Department5,950Administrative Department17,500Delivery Expenses3,500Bank Overdraft3,500Buildings150,000Long-Term Mortgage…