ASSIGMENT : MANAGEMENT ACCOUNTING 1. Financial statements are used to show the (financial) performance of the company and also used as proof of company performance when sourcing for finance from banks, sourcing for finance /funds from (potential) investors. The financial statements are also used for legal compliance dictated from Government financial regulations and standards particularly for Public Limited Companies. Internally within the company, financial statements can be used for control
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enhance the accuracy and reliability of its accounting records and to? safeguard its assets The principles of internal control do not include: c. | management responsibility | Permitting only designated personnel to handle cash receipts is an application of the principle of: b. | establishment of responsibility. | Which of the following control activities is not relevant to when a company uses a computerized (rather than manual) accounting system? All of these control activities are
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Non-Financial and Current Liabilities → Understanding Non- Financial and Current Liabilities Objective 1: Understanding the importance of non-financial and current liabilities from a business perspective. Explanations about non financial liabilities under international standards are based on current: IAS 37 Provisions, Contingent Liabilities and Contingent Asset. It is important for businesses to properly account for their liabilities so they can keep an eye on their cash flows: * Taking
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1.Financial accounting is an information system that: assigns a share price to every company tracks and records an organization's business transactions provides information about the company's executives predicts the financial survival of a company 2.Jeff Brown is the sole owner of Shoe Central, a small shoe shop. One day, he buys a used car for his personal use, and pays $2,000 from his checking account. The fact that this transaction has no effect on Shoe Central's financial accounts is an
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lenders. The difference can be both a surplus and a shortage. Ans. To Q2. Tax is demonstrated by using capital charge, or WACC which refers to a cost before tax and taxed PBIT. It is of the existing accounting and financial reporting systems of companies. The disadvantages are that accounting profits and book asset values may be untrue and managers may somehow prefer projects with high short-run EVA to longer-term projects. Ans: to Q3 Balance Sheet Side | | Short-term debt (8%) |
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cash flows (Averkamp, 2016). The Financial Accounting Standards Board recommends the direct method of cash flows but allows corporations to use the direct and indirect method of cash flows because they both report net cash flow from operating activities. A statement of cash flows is a requirement as part of a corporation’s full financial statements. I would choose the direct method of cash flows since it is the one recommended by the Financial Accounting Standards Board. I think this method is easier
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NANYANG TECHNOLOGICAL UNIVERSITY SEMESTER 1 (2008/2009) AA101 - Accounting I – Quiz 1 Wednesday: 17 September 2008 Time Allowed: 1 hour Name: ________________________ Tutorial Group #: _______ Team #:_____ Tutor: ________________________ INSTRUCTIONS: 1. This paper contains TWENTY (20) questions and comprises EIGHT (8) pages. 2. Answer all TWENTY (20) questions. 3. Write the answer next to the correct question number in the table below: Answers:
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Question 1: What is the company’s overall break-even in total sales dollars? Frog: Variable cost = 100,000 * $1.20 = $120,000 Sales = 100,000 * $2.00 = $200,000 Minnow: Variable cost = 200,000 * $0.80 = $160,000 Sales = 200,000 * $1.40 = $280,000 Worm: Variable cost = 300,000 * $0.50 = $150,000 Sales = 300,000 * $0.80 = 240,000 The total sales = $200,000 + $280,000 + $240,000 = $720,000 The total variable cost = $120,000 + $160,000 + $150,000 = $430,000 Contribution Margin = the
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Jennifer Smith G.G. Toys: Case study #2 G.G. Toys was a toy manufacturer facing problems with productivity and profitability. The company found a profitable product in their Geoffrey doll and Specialty branded doll #106. Retailers could customize to the specifications and buying habits of their customer base. On average, the Geoffrey Doll cost $19.19 to produce, and the #106 doll $23.74. To access in a study of their overhead cost for both of their plants, research showed that: 1. A setup
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Assignment Template for Group Assignments Subject Code: ACCT90004 Subject Name: Accounting for Decision Making Student Name Liwen Mu Jingzi Liu Yingying Sun Assignment Name or Number: Group Assignment Student ID Number 1. 2. 3. 610791 588728 574519 Table of ratios Financial Ratio Quick Ratio Current Ratio LT Debt to Equity Total Debt to Equity Interest Coverage Receivable Turnover Inventory Turnover Asset Turnover Dividend Yield Gross Margin Net Profit Margin Return on Assets Return on Equity
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