vs. Unearned Revenue ACCT 212 Week 2 DQ2 Accrual vs. Cash Accounting ACCT 212 Week 3 DQ1 Ethical Business Decisions ACCT 212 Week 3 DQ2 Trade Credit – Accounts Payable ACCT 212 Week 4 DQ1 Inventory Management ACCT 212 Week 4 DQ2 LIFO ACCT 212 Week 4 Midterm ACCT 212 Week 5 DQ1 Non-current Assets and Related Liabilities ACCT 212 Week 5 DQ2 Raising Capital (Cash) ACCT 212 Week 6 DQ1 Stockholders Equity ACCT 212 Week 6 DQ2 Net Income vs. Net Operating Cash
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concerning her request for tax assistance. Roberta wants to know if she can use the specific identification method to calculate the recognized gain of her sale of Color Inc. stock. She received a letter from the IRS stating that she should have used the FIFO method. Therefore‚ Roberta is looking to find out which method is correct to clear this matter up with the IRS. Facts: In October 2016‚ Roberta instructed her stock broker to sell 6‚000 shares of Color‚ Inc.‚ with the highest cost basis. At the time
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A COMPARATIVE ANALYSIS OF CORPORATE REPORTING IN NIGERIA AND IN THE UNITED KINGDOM Abstract; This paper presents a comparative analysis of corporate reporting in Nigeria vis-à-vis UK. It describes the key factors in the business environment which influenced accounting system development as well as the regulatory frameworks. It tabulates and compares significant accounting rules and methods prescribed by both UK and Nigerian GAAPs‚ using the Financials of Dangote Cement Plc‚ a hugely market capitalized
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BACKGROUND OF SURNECO‚ INC. The Surigao del Norte Electric Cooperative‚ Inc. (SURNECO) was formally incorporated and registered with the National Electrification Administration (NEA) on September 24‚ 1977. After obtaining a Php13.5M with NEA‚ it took over the ownership‚ management and operation of the Surigao del Norte Electric Company in Surigao City which was owned by the Lumanlan after paying its assets‚ properties and franchise on June 26‚ 1978. SURNECO’s coverage area includes Surigao
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10.1 HSC topic: Operations -> is about planning & controlling operations with the aim of minimizing cost‚ maximizing productivity‚ improving efficiency and achieving strategic business goals 25% of indicative time The focus of this topic is the strategies for effective operations management in large businesses. Outcomes The student: H1 critically analyses the role of business in Australia and globally H2 evaluates management strategies in response to changes in internal and external
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MATERIALS MANAGEMENT According to bailey and farmer materials management is the “management of the flow of materials into an organization to the point where‚ those materials are converted into the firm’s end product.” Objectives of materials management Low Prices: Obtaining the least possible price for purchased materials is the most obvious purchasing objective and certainly one of the most important. If the purchasing department reduces the prices of the items it buys‚ operating costs are reduced
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weighted average method -FIFO-method “What’s the difference?” Process costing – methods of stock valuation 1. QUANTITY STATEMENT FIFO: Opening work in process (units) kept separate from units started and completed in the current period. WAM: All units completed and transferred out are treated identically (opening WIP and units started and completed are combined in the output column). Process costing – methods of stock valuation 2. PRODUCTION COST STATEMENT FIFO: Only uses current period
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Tiffany and Co Case study Case Agenda Is blue box packing a great strategy? Given that spending in the luxury retail market has demonstrated resilience during and post recessionary times‚ how can Tiffany continue to grow? Will it be able to maintain a prominent brand in future? Company History Timeline 1837: Founded in New York by Charles Lewis Tiffany and John F. Young: The Blue Box introduced 1910-1940’s: 57th street and Fifth Avenue Flagship store 2000: Tiffany and Co. foundation established
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Worley______________________ Date _6/23/15____________________ 1. Given the following information about purchases and sales during the year‚ compute the cost to be assigned to ending inventory under each of three methods: (a) average-cost‚ (b) FIFO‚ and (c) LIFO. (Show your work.) Assume that a periodic inventory system is used. Jan. 1 Beginning inventory 225 items @ $3 = $ 675 May 1 Purchases 675 items @ $6 = 4‚050 Totals 900 items $4‚725 Total sales 450 items Dec. 31 Ending inventory
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entries‚ and the cost of production report. 2. Describe process costing for settings without work-in-process inventories. 3. Define equivalent units‚ and explain their role in process costing. 4. Prepare a departmental production report using the FIFO method. 5. Prepare a departmental production report using the weighted average method. 6. Prepare a departmental production report with transferred-in goods and changes in output measures. 7. Describe the basic features of operation costing. 8
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