Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
Free Accountancy Accountant Leonardo da Vinci
Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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SREERAM COACHING POINT COST Management Test Questions & Suggested Solutions by L. Muralidharan‚ FCA.‚ Grad. CWA.‚ COST MANAGEMENT - TEST QUESTIONS & SOLUTIONS Question: 1 Bharata Ltd is considering proposals for design changes in one of a range of soft toys. The proposals are as follows: (a) Eliminate some of the decorative stitching from the toy. (b) Use plastic eyes instead of glass eyes in the toys (two eyes per toy). (c) Change the filling material used. It is proposed that scrap fabric
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Chapter 4 Systems Design: Process Costing Solutions to Questions 4-1 A process costing system should be used in situations where a homogeneous product is produced on a continuous basis. ished goods) during the period plus the equivalent units in the department’s ending work in process inventory. 4-2 1. Job-order costing and process costing have the same basic purposes—to assign materials‚ labor‚ and overhead cost to products and to provide a mechanism for computing unit product costs. 2. Both systems
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Anthropology 2A Reading response #1 9/30/13 Article 19. Who Needs Love! The author of‚ “Who Need Love!” Nicholas D. Kristof interviewed several married couples in Japan about their marriages. The answer was surprising; most of the couples in Japan are‚ by international standards‚ exceptionally incompatible. However the strength of the Japanese family is extremely higher than the ones in the U.S. The divorce rate in the U.S. is 55 percents‚ however the divorce rate in Japan is almost only half
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The idea for developing the Integrated Warehouse Solution is to solve the problem of the inventory‚ basically for the Warehouses. Before developing this system we thoroughly did the analysis regarding our competitors and after doing lot of research we find three major competitors. The scale on the basis of which we are competing with our competitors includes the price at which the service is being provided to the customers. Apart from price there are some other major factors that were also kept in
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Success Factor | Formulation of goal | Indicator | Measurement | Methodology | | Financial Perspective | | Revenue growth | To ensure that the Telstra store is constantly growing in financial terms. | Quarterly store revenue growth | Quarterly store revenue growth between 1% and 2% | The store’s revenue should increase at least 1% per quarter. By ensuring fiscal growth‚ the Telstra store will ensure that it is constantly developing and establishing itself as a forefront in Telstra stores
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CHAPTER 17: ACCOUNTING FOR STRATEGIC MANAGEMENT CHAPTER OUTLINE Learning outcomes Introduction Organisational strategy o Definition o Cumulative strategy (strategising) Strategic management accounting (SMA) o Definition o Components of SMA o Does SMA still exist; or‚ what is it becoming? The balanced scorecard o Its origins and its purpose o Elements and characteristics of a balanced scorecard o Designing a balanced scorecard o Features of a balanced scorecard o Why has
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Q1‚ Step 1:CA for a specialist machine Year CA WDV $ $ 0 180‚000 1 (180‚000*25%)45000 135‚000 2 (135‚000*25%)33750 101‚250 3 (101‚250*25%)25313 75‚937 Step 2:Calculation of Corporation tax Year 1 2 3 $ $
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Jennifer Obrien Date: 11/ April 11‚ 2013 Abstract Inexpensive‚ affordable food is a person’s wants. If find some ways to solve this problem‚ keep food quality and price. So‚ in this paper discuss the solution of how to strike a balance between inexpensive‚ affordable food and healthy‚ quality food. Firstly‚ according to international trade‚ people can import some healthy food from other country‚ which place has lower labor. So‚ people can control the
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