...Topics 1. 2. 3. 4. Transaction identification. Nominal accounts. Trial balance. Adjusting entries. Questions 1, 2, 3, 5, 6, 7, 8 4, 7 6, 10 8, 11, 13, 14 3, 4, 5, 6, 7, 8, 9, 10 2, 3, 4 5, 6, 7, 8, 9, 10, 20 11, 12, 15, 22, 23 12 9 11 13, 14, 16 14, 15 1, 2, 6, 12 15, 16, 17 18 19 12 13 18, 19 20 21, 22, 23 12 11 1, 2, 7, 8 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12 1, 2, 4, 6 1, 4, 9, 10, 12 Brief Exercises 1, 2 Exercises 1, 2, 3, 4, 17 Problems 1 5. 6. 7. 8. *9. *10. *11. Financial statements. Closing. Inventory and cost of goods sold. Comprehensive accounting cycle. Cash vs. Accrual Basis. Reversing entries. Worksheet. *These topics are dealt with in an Appendix to the Chapter. Copyright © 2011 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 14/e, Solutions Manual (For Instructor Use Only) 3-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives 1. 2. 3. 4. 5. Understand basic accounting terminology. Explain double-entry rules. Identify steps in accounting cycle. Record transactions in journals, post to ledger accounts, and prepare a trial balance. Explain the reasons for preparing adjusting entries. Prepare financial statements from the adjusted trail balance. Prepare closing entries. Differentiate the cash basis of accounting from the accrual basis of accounting. Identify adjusting entries that may be reversed. Prepare a 10-column worksheet. 11 12 13 1, 2, 3, 4, 5, 6, 7 3, 4, 5, 6, 7, 8, 9, 10 1, 2, 3, 4, 17 5, 6, 7, 8, 9, 10...
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...Dennis Stanton 3/28/12 Professor Doyon Intermediate Accounting II Writing Assignment 2 Thus far, Intermediate Accounting has been very challenging. However, I do not think any of the topics discussed-to-date have been over my head, and at this point in the semester I am beginning to feel somewhat like an accountant, with a solid, basic know-how in my field of study. My brother recently asked me for my opinion on some loans for his new food business: I was almost giddy that I could easily work out some present values. Also, many of my courses this semester overlap frequently, providing me with useful cross-referencing (from accounting to management to finance, etc). While many of my accounting courses have been similar in routine, I find Professor Doyon's teaching methods especially helpful. I don't believe I've ever had a professor more wanting or willing to help their students succeed than him (and this is entirely true, no kissing up!). The quality/quantity of information and the in-depth reminders we are given keep me on task, even when I'm struggling with the homework. The speed of the course is very fair, and I believe everyone in the class feels more than comfortable asking questions, whether it be mid-exercise, or to try a certain problem, or with an idea. The way we move through chapters, including the break-down of exercises/problems/cpa/cma questions seems thoroughly thought out in a way meant to help students begin with basic problems...
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...NBER WORKING PAPER SERIES THE GRAVITY EQUATION IN INTERNATIONAL TRADE: AN EXPLANATION Thomas Chaney Working Paper 19285 http://www.nber.org/papers/w19285 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 August 2013 I want to thank Fernando Alvarez, Michal Fabinger, Xavier Gabaix, Sam Kortum, Bob Lucas, Jim Tybout, Jon Vogel and seminar participants in Berkeley, Bilkent, Bocconi, Boston University, Chicago, Erasmus, Hitotsubashi, LBS, Louvain-CORE, LSE, the NY Fed, Oxford, Princeton, Rochester, Sciences Po, Toulouse, UBC Vancouver, Yale and Zurich for helpful discussions, and NSF grant SES-1061622 for financial support. I am indebted to Jong Hyun Chung, Stefano Mosso and Adriaan Ten Kate for their research assistance. During the last year, I have received compensation for teaching activities from the Toulouse School of Economics, as well a research grant from the National Science Foundation (SES-1061622), in excess of $10,000. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Thomas Chaney. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit...
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...Operational Barriers to Success Operations Management: Solutions to Business Challenges Abstract There are many obstacles in any given business operations that can impact a company’s efficiencies, morale, supply chain, and it’s customer base. Identifying these obstacles and creating processes to mitigate them is paramount to a company’s success. In this paper, we will explore a few of them in order to better understand the cause and effect of these barriers. We will also look at various possible solutions to the barriers by investigating a case study for an architectural firm in which I used to work for. Week 1 - Assignment 3: Operational Barriers to Success What are some tools that an organization could use to move the company forward? This is a question that is not easily answerable, but is at its core, a very valuable and necessary function to understand. Tools such as Strengths, Weaknesses, Opportunities, Threats (S.W.O.T) analysis (Russell, 2010) is a very theoretical way of identifying the companies overall mission as well as understanding the needs to stay competitive in its given market place. However, there are more pragmatic ways of looking at a firm’s efficiency and areas of opportunity to better the operating processes within an organization. Some of these other tools that todays leading firms can utilize to further the market share are things like workflow analysis (Russell, 2010), data flow charts and diagrams, and value engineering (Jergeas...
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...The company chosen for this assignment is Walmart. Walmart's history is one of innovation, leadership and success. Walmart was founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It started with a single store in Rogers, Arkansas in 1962 and has grown to what is now the world's largest and arguably, the most emulated retailer. Some researchers refer to Walmart as the industry trendsetter. Today, this retailing pioneer has annual revenues of over $100 billion, 3,000 stores and more than 750,000 employees worldwide. (source: walmart.blogspot.com) Adding value The enhancement a company gives its product or service before offering the product to customers. Value added is used to describe instances where a firm takes a product that may be considered a homogeneous product, with few differences (if any) from that of a competitor, and provides potential customers with a feature or add-on that gives it a greater sense of value. A value add can either increase the product's price or value. For example, offering one year of free support on a new computer would be a value-added feature. Additionally, individuals can bring value add to services that they perform, such as bringing advanced financial modeling skills to a position in which the hiring manager may not have foreseen the need for such skills. (source:www.investopedia.com) Based on my research, it can be concluded that the human resource management of...
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...Analysis II Solutions: June 2010 April 2013 Question 1. a) (i) (ii) The sequence an converges to a if for any 1 1 > 0 there exists an N such that |xn − a| < for n ≥ N (3n + 22n ) n = (3n + 4n ) n → max {3, 4} = 4 by a standard result. 4n2 2n +2n3 4n 8n4 2n +n3 4n = 1 4 ( n )( 1 )n +2 2 8n( 1 )n +1 2 1 4 → 2 by the product, sum and quotient rule. 1 1 4 1 1 1 1 1 1 5 5 (iii) (5n3 +6n4 ) n = 6 n n n ( 6n +1) n and limn→∞ 6 n n n = limn→∞ 6 n (n n ×n n ×n n ×n n ) = 1 and limn→∞ ( 6n +1) n = 1 1 4 1 7 and hence limn→∞ 5 n n n ( 5n + 1) n = 1 by the product rule. b) A sequence an eventually has some property if ∃N such that aN +n has this property ∀n > 0. b Assume bn → b and choose = 2 then ∃N such that for n > N , |bn − b| < b 2 then 3b b < bn < 2 2 2 b2 b so eventually bn > 2 . If b > 0 then eventually > 1 bbn so 2 |bn − b| 1 1 |bn − b| > = | − | > 0. b2 |bbn | bn b Hence by the sandwich theorem an a bn → b . c) 1 bn → 1 b and then if we let an → a then by the product rule an × 1 bn →a× 1 b and hence n+1 Ratio Lemma: If | aan | ≤ l where 0 ≤ l < 1 then an → 0. n+1 Want to prove that if | aan | ≤ l where 0 ≤ l < 1 then 0 < an+1 < ln a1 We will use proof by induction. First for n = 1, |a2 | ≤ l|a1 | which is true by the assumption on the sequence. Now assume that 0 ≤ |an+1 | ≤ ln |a1 |. Then for the induction step since |an+2 | < l|an+1 | then |an+2 | ≤ ln+1 |an+1 |. So since 0 ≤ l < 1, ln → 0 and then...
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...Texas Intermediate, And The Dubai Fateh › See all The World indicators Detailed Analysis for Year: 2010 › Change year Full Dataset: from 1980 to 2016 Dataset updated: 1st August 2011 Datasource: International Monetary Fund (IMF) National or Regional Currency: US Dollar Currency Symbol: US$ The APSP denotes an equally weighted average of three crude oil spot prices - West Texas Intermediate (WTI), Dated Brent (Brent), and Dubai Fateh (Dubai). The prices of these crude oils tend to move together according to the inequality WTI > Brent > Dubai. Their price differentials reflect differences in American Petroleum Institute (API) measure of gravity, sulfur content, and overall weight. The WTI spot price refers to the physical delivery price for a barrel of WTI deliverable to Cushing, Oklahoma. The WTI price is frequently mentioned in the financial press, and is often described as the 'headline' oil price. The Brent spot price is the physical delivery price for a barrel of either Dated Brent (UK), Forties (Norway), or Oseberg (Norway) to Sullom Voe, United Kingdom (in the Shetland Islands). The Dubai Fateh spot price refers to the physical price for a barrel of Dubai Fateh deliverable in the Arabian Gulf at Dubai, United Arab Emirates. Crude Oil (Petroleum) Price Index - Includes Dated Brent, West Texas Intermediate, And The Dubai Fateh Statistics for The World, Year 2010 - In Detail Crude Oil (Petroleum) Price Index - Includes Dated Brent, West Texas Intermediate, And...
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...Just-In-Time Compilation Technique 1. Introduction Just-in-time (JIT) compilation is an effective technique for boosting the speed of program interpreters. The idea of JIT compilation is to dynamically translate input programs into native machine code, and then execute only native code. It is an old invention which dates back to 1960. The earliest published JIT compiler is generally attributed to work on LISP (McCarthy, J. 1960); in his seminal paper Recursive functions of symbolic expressions and their computation by machine, Part I, he mentions functions that are translated during runtime, thereby sparing the need to save the compiler output to punch cards. After that Smalltalk pioneered new aspects of JIT compilations. For example, translation to machine code was done on demand, and the result was cached for later use. However, the concept is still relevant today as JIT compilation is considered vital for competitive interpreter-based implementations of modern languages, like Java, .NET, C# and ML etc. JIT compilation is interesting because of the conflicting goals of producing quick code versus quickly producing code. In very simple means JIT compilation is a process of reverse-engineering the semantics of a program, and re-engineering the result back into binary code. The code is split up into blocks, some higher-level meaning is extracted from the current block of code, and native code is generated. It is used to improve the time and space efficiency of...
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...3/20/2012 | | Strategic Management Project Report | Table of Contents Executive Summary 4 Introduction 5 The Company 6 Corporate Social Responsibility 7 Adoption of a Primary School 7 Health Check-Up Camp 7 Product Portfolio 8 FIBC Jumbo Bags 8 Geo Textile Fabrics and Ground Covers 8 Reverse Printed BOPP Bags 8 Special PP bags and Leno bags 8 Proposed Projects 9 Polymer Compounding 9 Injection Moulded Articles 9 The Present Strategy 9 Business Model 9 Strengths 9 Weaknesses 10 Value Chain – Operations 10 Distribution 10 Sales and Marketing 11 FIBC (Export) 11 FIBC (Domestic) 11 Geo Textile Fabric and Ground Cover 11 Reverse-Printed BOPP Bags 11 Research and Development 12 Business Strategy 12 Core Competence 12 New Products 12 Diversified Applications 12 In House Research and Development 12 Connecting with End Customer 12 Corporate Strategy 13 Corporate Structure 13 References 14 Executive Summary Introduction In this report we present an analysis of Flexituff International Ltd from a strategic management standpoint. Starting from the company vision, mission and values statements, we have perform an analysis of their internal and external environments. We have studied their value chain and identified their key success factors. The industry analysis also reveals the key strengths and weaknesses of Flexituff International Ltd. We have also studied their organizational structure and its effect on the company’s strategic operations. Furthermore...
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...Subscribe Search.. Top Stories ► News Russia ► Defence ► Russia US View All Stories ► Russia War Advertisement Russia has violated arms treaty by testing cruise missile: US Country : United States Defence News Tuesday, July 29, 2014 By : Zee News Washington: The United States has found that Russia violated a 1987 arms control treaty by testing a groundlaunched cruise missile, a senior US official has said, calling the matter "very serious." Washington: The United States has found that Russia violated a 1987 arms control treaty by testing a ground-launched cruise missile, a senior US official has said, calling the matter "very serious." The finding comes in a 2014 report that concluded Russia was in violation of the Intermediate-Range Nuclear Forces Treaty, which barred it from possessing, producing or flighttesting such cruise missiles with a range of 500 to 5,500 kilometres, the official told AFP. President Barack Obama has sent a letter to his counterpart Vladimir Putin on the subject, which the administration official described as "a very serious matter which we have attempted to address with Russia for some time now." Washington was prepared to discuss its determination with Moscow "immediately" in senior-level bilateral talks, the official added late yesterday, saying Congress and US allies have been kept abreast of the matter. "The United States is committed to the viability of the INF Treaty," the official said. "We encourage Russia to return to compliance...
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...the scene. After reviewing his business plan to determine what could be change in the business to be able to compete with his competitors. In making this decision to update his production processes with new equipment or outsourcing the manufacturing to a Norway company or become a broker for this company. To evaluate the options available, many companies utilize various capital budgeting techniques in making the decision before investing in a new project. To base capital projects are evaluated on quantitative as well as qualitative analysis and information. To receive more information, it is best to used more than one technique to applied to a project. In exploring capital budget evaluations techniques to used various intermediate range decisions. In using this techniques will aid in the decision of resulting in the greatest return. Capital budgeting will determine whether to purchase or lease new equipment or to increase sales through a brokerage. Best way to determine the way to proceed with decisions on using several different capital budgeting techniques. Concepts includes the net present value, simple and discounted payback method, internal rate of return, unadjusted rate of return and the annual rate...
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...accrual basis accounting. In this essay, I will talk about the differences between the two accounting systems. Then the advantages and disadvantages of cash basis and accrual basis accounting will be discussed. The statement in the third sentence about how to calculate profit uses accrual basis accounting method instead of cash basis accounting. Rich et al. (2009, p.115) says “ under cash basis accounting, revenue is recorded when cash is received, regardless of when it is actually earned. Similarly, an expense is recorded when cash is paid, regardless of when it is actually incurred.” It means that cach basis accounting only records transactions when the cash has been received or paid out. Accrual basis accounting (also called accrual accouting) is another system of transaction recording for a organization. It is an alternative system to cash basis accounting. “ under accual accounting, a company records recenues in the accounting period in which they are earned and realized, and records expenses in the accounting period they are incured.” (Nikolai, Bazley & Jones, 2009, p.105) It means that the corporation records the transaction in the period in which the events occur without consider when the cash is received or paid out. There are some differences between cash basis and accrual basis accounting. In order to distinguish cash basis accounting from accrual basis accounting, it is necessary to know the time when the corporation records...
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...6&7 – Variance analysis Variance analysis: Reason for variance: 1.Price/rate/spending variances: Standard is out of date; Standard set without due care; Efficient or inefficient buying (e.g., discounts); Buying different quality material from standard; Buying materials from a non-usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date, set without due care; Inefficient use of material/labour, deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in the production process.Learning period associated with process changes.Efficiencies from different quality of material or labour from standard; More efficient manufacturing than expected in the standard; Materials not being available causing idle time; Poor production scheduling; Industrial disputes; Materials not properly recorded in and out of storeroom. 3.Fixed overhead volume: Standard is out of date; Standard set without due care, i.e. poor estimation of denominator activity; Any occurrence causing the firm to produce a number of units different from budgeted production. Standard costing is an acceptable method of valuing inventories under AASB102 provided the following requirements satisfied: results approximate actual ; normal levels of materials, labour, efficiency...
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...5 models focus on Trung Nguyen Company: Introduction The main goal of our report is based on 5 models have learned to introduce an overview and analysis of business situation of the Trung Nguyen company - one of the leading coffee companies in Vietnam with a prestigious brand name, famous history and high growth possibility the next few years. It is a need to explore the industrial performance, business Scope, company's strategies. I shall also base on economic conditions, and company's ability to forecast the direction that the company is taking in the future. Demonstrating on the strengths and weaknesses, hence find the way to maintain competitive among other traditional coffee shop models in the market. As for the first part of the report, I'll introduce more about Trung Nguyen cooperation, their history, their steps… Following by the analysis of their internal (BSD Model), external environments (PESTEL model), Use Five -Forces model of Competition, and SWOT… we will have a complete picture about the business situation of one of Vietnam's leading companies. History: Trung Nguyen has been in Vietnam since 1996, more than a decade passed and the company has been achieving a numerous of entrepreneurial prizes and recognitions from Vietnam government, Vietnamese Young Enterprise Association… Trung Nguyen now is recognized worldwide as the best coffee brand. Let take a closer look of Trung Nguyen steps: • 1996 – Trung Nguyen Coffee Company established Starting from 1996...
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...The PRESIDENT Dr. H. R. Subramanya VICE PRESIDENT Pravakar Mohanty MEMBERS Dr. Sanjiban Bandyopadhyay, A. S. Durga Prasad, M. Gopalakrishnan, K. G. Goyal, D. V. Joshi, V. C. Kothari, Bibhabananda Majumder, B. M. Sharma, Rakesh Singh, Chandra Wadhwa, Dr. D. Jagannathan, N. K. Prasad, B. C. Malu, S.G.Y.Narayanan SECRETARY Dr. Debasis Bagchi DIRECTORS Examinations Chandana Bose cbicwai@vsnl.net Studies Swapan Dey sdicwai@vsnl.net Technical A. P. Kar icwai@vsnl.com Administration & Finance R. N. Pal rnicwai@vsnl.net Research & Journal Siddhartha Sen ssicwai@vsnl.net EDITOR Siddhartha Sen ssicwai@vsnl.net Editorial Office & Headquarters 12, Sudder Street, Kolkata-700 016 Phone : 2252-1031, 2252-1034, 2252-1035, 2252-1602, 2252-1492 Gram : STANDCOST, website : www.myicwai.com/www.icwai.org Membership Deptt. : kbicwai@vsnl.net Fax No. : 91-33-22527993/2252-1026 Delhi Office ICWAI Bhawan 3, Institutional Area, Lodi Road New Delhi-110003 Phone : 24631532, 24618645, 24643273, 24622156 Gram : STANDCOST, Fax : 91-11-24622156, 24631532, 24618645 E-mail : icwai@vsnl.com E-mail CEP : icwaiprgm@vsnl.net.in E-mail Journal Dept. : icwaijournal@hotmail.com « Official Organ of The Institute of Cost and Works Accountants of India Management Accountant Executive Digest Book Scan For Attention of Members For Attention of Practising Members Region & Chapter News Volume 40 No. 5 May 2005 Editorial & Communique Editorial : The miracle of free trade 341 ......................................
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