...SOLUTIONS MANUAL Frank Wood’s Business Accounting 1&2 ELEVENTH EDITION Frank Wood BSc(Econ), FCA and Alan Sangster BA, MSc, CertTESOL, CA ISBN 978-0-273-71824-6 © Pearson Education Limited 2008 Lecturers adopting the main text are permitted to download and photocopy this manual as required. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies around the world Visit us on the World Wide Web at www.pearsoned.co.uk Eleventh edition published in 2008 © Pearson Education Limited 2008 The rights of Frank Wood and Alan Sangster to be identified as authors of this Work have been asserted by them in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. Permission is hereby given for the material in this publication to be reproduced for OHP transparencies and student handouts, without express permission of the Publishers, for educational purposes only. In all other cases, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without either the prior written permission of the Publishers or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London ECIN 8TS. ISBN 978-0-273-71824-6 10 11 9 8 7 6 10 09 08 5 Printed in Great Britain 4 3 2 ...
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...Objectives: 1. To practice generating a use case model, a domain model and sequence diagrams for a given business scenario. General Instructions: 1. You can choose to create your diagrams using a tool (Visio, Visual Paradigm, Astah Community, PowerPoint, etc), but having your answers on a handwritten sheet of paper is sufficient for this exercise. Question 1: HealthFirst hospital 1. HealthFirst hospital requires a patient management system (PMSystem) with the following requirements: Nurses shall use the system to record new patients and their history of visits. Nurses could also use the system to enter the doctor(s) being assigned to a patient for a visit. A doctor can prescribe a medication to the patients and the system should also record this. Nurses would help the doctor to enter the prescription into the system; i.e. doctor does not use the system. Every line in the prescription corresponds to a medicine and its dosage. Hospital billing staffs would also use the system to create a bill for patients. Each bill would only contain a single item, i.e., the consultation fee. Purchase of medication is not managed by the system. The system would make use of a third-party credit card processing system developed by BillingCorp Pte. Ltd. Both the nurses and the billing staffs would need to log in to the system before they could use it. | 2. You are the Business Analyst. Here is your job: a. Identify the use cases for the requirements above...
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...stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find answers, and in the conclusion, suggests ways to improve corporate governance and the empowerment of regulators to provide competent regulatory oversight and enforcement. Key words: financial collapse, bailout, corporate governance, moral hazard, political influence, risk management Introduction The devastating effects of the corporate collapse of Colonial Life Insurance Company...
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...stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find answers, and in the conclusion, suggests ways to improve corporate governance and the empowerment of regulators to provide competent regulatory oversight and enforcement. Key words: financial collapse, bailout, corporate governance, moral hazard, political influence, risk management Introduction The devastating effects of the corporate collapse of Colonial Life Insurance Company...
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...which bank account Timmy should choose. At first glance, 8.4% compounded yearly seems to be the highest rate, but is it necessarily the best choice? Read on to learn about the mathematical theory to solve this problem, or skip down to see how you can quickly find the answer with your financial calculator. Effective Annual Rate (EAR): Mathematical Background The key to solving this problem is understanding the relationship between the interest rate and rate of compounding. While Timmy is quoted several different interest rates, the rate he will actually earn on his bank account in each case also depends on the number of times per year interest is compounded on each bank account. To answer this question we need to determine and compare the effective annual rate (the interest rate that Timmy actually earns) for each bank account option. Let’s start with a simple example: If you deposit $1000 in a bank account paying 10% interest annually, after one year you would have $1,100 in the bank account [$1000 x (1 + .1)1] assuming no additional deposits or withdrawals. If you deposit $1,000 in a bank account paying 10% interest compounded semiannually, this means you earn 5% every six months (two times per year) on your bank account. After one year, you would have a bank account balance of $1000 x (1 + .05)2 = $1,102.50. Notice that this is $2.50 higher than the bank account with 10% compounded once a year. The reason for the additional $2.50 in the bank account...
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... Time draft (False: This is the type of B/E that requires payment at a future date after presentation) D, L/C (False: this is a method of payment) 3, L/C may be payable at all but one of the following locations: A, Confirming Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) B, Nominated Bank’s counters, or at the counters of any bank if L/C is freely negotiable (False: Nominated Bank pays Beneficiary on behalf of Issuing Bank (Confirming Bank)) C, Issuing Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) D, Reimbursing Bank’s counters (True: Reimbursing Bank has no undertaking towards Beneficiary. It only functions to reimburse other banks with authorization of Issuing Bank) 4, Which of the following can be combined under a credit available with the Issuing Bank and require a draft drawn on the Issuing Bank I. Payment II. Deferred Payment III. Acceptance IV. Negotiation A, 1 and 2 only (False: Payment and Deferred Payment cannot be combined; both don’t require drafts drawn on Issuing Bank) B, 2 and 3 only (False: Deferred Payment and Acceptance cannot be combined; Deferred Payment doesn’t require drafts drawn on Issuing Bank)...
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...Time allowed – 1½ hours Total Marks – 100 [N.B. – The figures in the margin indicate full marks. Question must be answered in English. Examiner will take account of the quality of language and of the way in which the answers are presented. Different parts, if any, of the same question must be answered in one place in order of sequence.] Marks 1. (a) “A business should produce information about its activities because there are user groups who want or need to know that information in order to make economic decisions,” – Discuss in the light of BAS-1. 5 (b) Summarize the Qualitative characteristics of useful accounting statement according to BAS Framework. 5 2. Soft Supplier Co. recently purchased from Hard Imports Co. 10 printers originally priced at Tk.20000 each. A 10% trade discount was negotiated together with a 5% cash discount if payment was made within 14 days. Calculate the following: i) The total of the trade discount, ii) The total of the cash discount. 6 3. (a) Even if the trial balance balances, there may still have some types of errors in the ledger accounts. What are those errors? Explain. 4 (b) As at 31.12.2010 a business had the following nominal ledger balances. Balance Taka Bank loan Cash at bank Capital Rent Trade payables Purchases 12,000 11,700 13,000 1,880 11,200 12,400 Balance Taka Sales Other payables Trade receivables Bank loan interest Other expenses Non-current assets 34,600 1,620 12,000 1,400 11,020 22,020 ...
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...institution, Washington Federal is highly regulated by certain federal agency regulations. This paper will explore the regulations currently in effect for financial institutions, as well as the origin, evolution, and efficacy of these regulations within Washington Federal Savings. Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation [FDIC] is an independent agency of the United States government. The FDIC protects depositors against the loss of deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the credit of the United States government. An insured bank is any bank or savings association with FDIC insurance (Federal Deposit Insurance Corporation [FDIC], 2007). The FDIC was created in 1933 by the Glass-Steagall Act. This was a merging of two separate acts which were created by the U.S. government in reaction to the stock market crash of 1929 following which 4004 banks, with an average of $900,000 in deposits, closed. The banks eventually merged into stronger institutions and depositors ultimately recovered about 85% of their original deposit value, but the damage to faith in the banking industry had already been done. In May of 1933, The U.S House, Banking and Currency Committee...
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...BA464 Final Exam Click below link for Answer http://workbank247.com/q/ba-464-final-exam/8138 http://workbank247.com/q/ba-464-final-exam/8138 Part I: Multiple Choice Select the best response to each of the following multiple choice questions: No. | Question Text | AnsA | AnsB | AnsC | AnsD | 1 | On December 31, the assets of a business include: Cash, $3,500, Accounts Receivable, $14,000, and Supplies, $1.050. The liabilities on December 31 total $7,600. The owner's equity on December 31 is: | $18,550 | $25,100 | $10,950 | $11,100 | 2 | Separate compatible units of an accounting package that are integrated to function together are defined as: | grids | cells | modules | spreadsheets | 3 | Current liabilities: | are due within one year or one operating cycle, whichever is longer | must be of a known amount | must be of an estimated amount | are subtracted from long-term liabilities on the balance sheet | 4 | The treasury stock account is shown on the balance sheet as a(n) | contra asset | contra stockholders' equity account | contra liability | liability | 5 | After the receipt of the stock dividend, a corporation's cost basis per share in the stock of the invested will: | increase | decrease | remain the same | impossible to determine without knowing the market value of the stock | 6 | Creditors use financial statement analysis to: | evaluate the company's dividend payment record | evaluate the company's stock | predict the amount of expected returns...
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...CHAPTER FOUR DATA ANALYSIS 3. Demographic profile of the respondents This analysis part divided into two parts. Respondents were asked some general questions and beside this general questions they were also asked some questions to identify the customers satisfaction on SME Loan of BRAC Bank Ltd. The analysis of general questions are given below. Table: 3.1: Gender | Frequency | Valid | Male | 32 | | Female | 3 | | Total | 35 | Graph: 3.1 To complete this report the researcher had to conduct with 35 respondents where 32 respondents were male and rest of 3 were female. The ratio can be seen graphically in the pie chart. Table: 3.2: Level of Education | Frequency | Valid | Less Than SSC | 15 | | SSC | 10 | | HSC | 5 | | BA/BSS/BSC/Honors | 5 | | Total | 35 | Graph: 3.2 The study divided my respondents’ level of education into four classes. Among them less than SSC were 15 people. SSC were 10 persons. HSC were 5 persons. And BA/BSS/BSC/Honors were 5 persons. So I can say that most of the respondents are less than SSC. I can see the ratio of the different classes of people as follows on pie chat Table: 3.3: Occupation | Frequency | Valid | Businessman | 14 | | Student | 11 | | Service holder | 5 | | Others | 5 | | Total | 35 | Graph: 3.3 After collecting the profession wise information we saw that Businessman is 14 respondents, Students 11 respondents, Service holder is 5 respondents and other is 5 respondents. Here we can see that...
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...Shinepukur CeramiCS limited annual report 2010 Each of our activities must benefit and add value to the common wealth of our MISSION society. We firmly believe that, in the final analysis we are accountable to each of the constituencies with whom we interact; namely: our employees, our customers, our business associates, our fellow citizens and our shareholders. Year of Establishment (registration): 1997 KEY DATA Commercial Production: 1999 Status: Public Limited Company First Export: 1999 Business Lines: Manufacturing, Marketing and Exporting of Bone China and Porcelain tableware. Overseas Offices & Associates: USA and UK. Current Export Markets: USA, Canada, UK, Germany, France, Italy, Sweden, Norway, Poland, Turkey, Japan, Australia, UAE, Brazil, India, Chile, Egypt, Russia etc. Authorized Capital (Taka): 5,000 million Paid-up Capital (Taka): 966.34 million Number of Shareholders: Over 24,000 Stock Exchange Listing: 2008 Number of Employees: 3,000 HigHligHts: 2010 New Customers Villeroy & Boch (GERMANY) CRU International (USA) Bitossi Home (ITALY) Koleksiyon (TURKEY) Zeiny Center (EGYPT) Les Classiques (INDIA) Achievements Upgraded to ISO 9001:2008 Awarded ‘Superbrands’ Financials Net sales increased by 13.62 % to Tk. 1,926.74 million Profit before Tax increased by 22.42 % to Tk. 305.07 million Earnings Per Share (EPS) increased by 47 % to Tk. 2.62 Contents A Glance on : Shinepukur Ceramics Ltd. Corporate Directories Down to the History...
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...IBBL-Promoting Export, Import business & Inward Foreign Remittance Submitted To Islami Bank Training and Research Academy Submitted By: Name of the Student Md. Masud Yusuf Gazi Mohiuddin Ahmed Md. Rakibul Hasan Md. Deloar hossain Moheuddin Shadi Name of the University Ahsanullah University Of science and Technology Bangladesh Islami University Dafodil International University City University Bangladesh Islami University Date of Submission: 25.06.2012 Letter of Transmittal 25th June 2012 To Islami Bank Training and Research Academy Subject: Submission of report on “Role of IBBL-Promoting Export, Import business & Inward Foreign Remittance” Muhtaram. Assalamu Alaikum, With due respect we do hereby submit our Internship Report titled “Role of IBBL-Promoting Export, Import business & Inward Foreign Remittance” which was assigned to us as an integral part of our course requirements in B.B.A program. As we have been working in IBBL, Motijheel Local office, Dhaka, thus, it is a very good opportunity for us to prepare the report properly out of practical experiences &empirical data, as well as, application of theoretical knowledge. Preparing this report has been extremely challenging, interesting and rewarding experience. Now we are able to understand and utilize the key terms of Islamic Banking in banking sector. Now it is very easy for us to interpret any impact and its effect on bank. We would like to express our deepest gratitude to you for providing us with such an...
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...FOON Entitled ASSIGNMENT TITLE : INTENTION TO USE MOBILE BANKING AMONG UCSI STUDENTS Submitted on DATE OF SUBMISSION : 21st July 2015 DUE DATE : 21st July 2015 Words count: 2618 Produced by STUDENT NAME & ID: Name | Student ID | Programme | Signature | Mohammad Syafiq Mohammad Suferi | 1001336037 | BA (Hons) Business Administration | | Fadhilah Amalina Firman | 1001334557 | BA (Hons) Business Administration | | Md Monzurul Masuk | 1001335506 | BA (Hons) Business Administration | | Chin Khee Zhao | 1001232877 | BA (Hons) Accounting | | Muhammad Usman | 1001333957 | BA (Hons) Business Administration | | TABLE OF CONTENTS CHAPTER 1 INTRODUCTION 1.1 Introduction……………………………………………………………………..4-5 1.2 Problem Statement…………………………..…………………………………5-6 1.3 Significance of Study………………………..………………………………….6 1.4 Research Questions…………………………..…………………………………7 1.5 Research Objectives…………………………..…...……………………………7 1.6 Hypotheses………………………………….………………………………......7 1.7 Definition of Selected Variables………………………………………………..8 CHAPTER 2 LITERATURE REVIEW 2.1.1 Perceived Ease of Use…………………….………………………………9-10 2.1.2 Perceived Usefulness……………….…………………………………….10-11 2.1.3 Perceived Behavioral Control…….………………………………………11 2.1.4 Intention to Use………………………………..………………………….12 2.2 Theoretical Framework……………………...
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...FACTORS AFFECTING THE CUSTOMER SATISFACTION IN E-BANKING: SOME EVIDENCES FORM INDIAN BANKS Abstract This study evaluates major factors (i.e. service quality, brand perception and perceived value) affecting on customers’satisfaction in e-banking service settings. This study also evaluates influence of service quality on brand perception, perceived value and satisfaction in e-banking. Required data was collected through customers’ survey. For conducting customers’ survey likert scale based questionnaire was developed after review of literature and discussions with bank managers as well as experts in customer service and marketing. Collected data was analyzed using principle component (PCA) using SPSS 19.0. A result indicates that, Perceived Value, Brand Perception, Cost Effectiveness, Easy to Use, Convenience, Problem Handling, Security/Assurance and Responsiveness are important factors in customers satisfaction in e-banking it explains 48.30 per cent of variance. Contact Facilities, System Availability, Fulfillment, Efficiency and Compensation are comparatively less important because these dimensions explain 21.70 percent of variance in customers’ satisfaction. Security/Assurance, Responsiveness, Easy to Use, Cost Effectiveness and Compensation are predictors of brand perception in e-banking and Fulfillment, Efficiency, Security/Assurance, Responsiveness, Convenience, Cost Effectiveness, Problem Handling and Compensation are predictors of perceived value in e-banking. Keywords:...
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...Internship Report On NGO Accounting Practices in Bangladesh-A Case Study on BRAC Submitted to: Dr. Mahfuzul Hoque Professor Department of Accounting & Information Systems Faculty of Business Studies University of Dhaka Submitted by: Syeda Marzana Farha Roll No-11097 M.B.A. 11th batch Department of Accounting & Information Systems [pic] University of Dhaka CHAPTER 1 Introduction 1.1 Background The internship program is a pre-requisite for the MBA degree from the Faculty of Business Administration, University of Dhaka. In today’s world, education is the imperative tool for understand the real world and apply knowledge for betterment of the society as well as in Business Sector. From the education session the theoretical knowledge is obtained from various courses throughout the programs, which is only the half way of the subject matter. Practical knowledge has no alternative. The perfect coordination between theory and practice is of paramount importance in the context of modern business Graduates to get 12 weeks practical experience, that is Internship Program. Internship program brings student closer to the real life situation and thereby helps to launch a career with some prior experience. Internship is a step towards fulfilling this commitment by giving students an opportunity to get ready for the real world before they enter their practical...
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