ACCT 301 – intermediate Accounting 1 Case Study Due date: December 3, 2015 Objectives of the Case: This case gives students the opportunity to apply the guidance in ASC 350 to determine: • What goodwill impairment indicators should be evaluated. • Whether an interim period step 1 impairment test should be performed Applicable Professional Pronouncements: ASC 350-20, Intangibles — Goodwill and Other: Goodwill (ASC 350-20) ASC 820, Fair Value Measurement (ASC 820) Research Databases:
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Accounting, Organizations and Society 28 (2003) 127–168 www.elsevier.com/locate/aos Management control systems design within its organizational context: findings from contingency-based research and directions for the future Robert H. Chenhall Department of Accounting and Finance, Monash University, Clayton, Victoria 3168, Australia Abstract Contingency-based research has a long tradition in the study of management control systems (MCS). Researchers have attempted to explain the effectiveness
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departments (A, B, and C), which have identical assembly operations but package the products differently for different lines of business. Each finishing line packages units as either single or multiple units per package. For allocating overhead, volume is defined in terms machine hours. Each department can package 1,140 single units per hour. Department A has the oldest equipment, which is in the last year of its depreciable life. Department N’s equipment is about half depreciated. Department
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1. https://projects.intermountain.net/scoit/dataintegrity/dataintegritymm/Lists/Asset%20Add/AllItems.aspx 2. Click on Request Status 4- Accounting 3. 4. Select an asset business unit 5. Write down the Purchase Order 6. Open people soft 7. Go to main menu-purchasing-purchase orders- review PO info-Purchase Orders 8. Business Unit is PUR01 and the PO ID. Click Search 9. Open new tab in Peoplesoft 10. Main Menu-Asset Management-Send/Receive Information-Preview AP/PO
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estimated at 42,000, and its total production is estimated at 525,000 units. During 2014, the machine was operated 6,000 hours and produced 55,000 units. During 2015, the machine was operated 5,500 hours and produced 48,000 units. Instructions: Compute depreciation expense on the machine for the year ending December 31, 2014, and the year ending December 31, 2015, using the following methods. (1) Straight-line. (2) Units-of-output. (3) Working hours. (4) Sum-of-the-years'-digits. (5) Declining-balance
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benchmarking, and 3) possibility of being audited by third parties. We advanced implications for managers and for future research on the information generated in the BSC. 1. INTRODUCTION. This paper has been motivated by the evidence of some limitations of the balanced scorecard (Lipe and Salterio, 2000; Banker et al., 2004). These authors examine the judgmental effects of the balanced scorecard (BSC) and found that when evaluating the performance of different strategic business units (SBU), superiors
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BTEC Level 3 Subsidiary / Diploma, Business Studies Unit 2 – Business Resources Assignment 1 (P1, P2, M2) – Recruiting the Right Staff Scenario You are coming to the end of your BTEC course and you have been considering getting a job in the summer break before you start university. As well as earning some extra money, you are looking forward to the opportunity to develop your skills and put into practice the knowledge you have learnt on your BTEC course. Task one (P1 part) Research
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factory-related costs that are incurred when a product is manufactured. Along with costs such as direct material and direct labor, the cost of manufacturing overhead must be assigned to each unit produced so that Inventory and Cost of Goods Sold are valued and reported according to generally accepted accounting principles (GAAP). Manufacturing overhead includes such things as the electricity used to operate the factory equipment, depreciation on the factory equipment and building, factory supplies
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WHAT IS ACCOUNTING? Identify Communicate What is the purpose of accounting ? Measure Record 9 3 8/13/2014 WHAT IS ACCOUNTING? Accounting information is important because it… Assists decision making Provides information about the past, present and future performance of an entity Measures business activity 10 WHO USES ACCOUNTING DATA? Internal users External users Managers who plan, Investors who make organise and run the decisions to buy, hold or
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consists of a team of experienced accounting professionals providing clear and relevant advice in a timely and professional manner. Its approach is to deliver an integrated solution by tapping into various years of experience and expertise to deal with everyday challenges. Vision The vision of the project is to increase productivity, minimize errors and improve clients’ satisfaction by implementing an Enterprise Solutions that will help simplify the accounting processes and still have the
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