ACCOUNTING FOR MATERIALS – MATERIALS Definition Materials: | In cost accounting material is defined as the part of inventory. Basically, material and raw material are used for same purpose. This is main part of total cost of production. It can reduce or increase according to the fluctuation in production. So, this is very flexible and controllable source of production. For making furniture, wood is the material. 60% to 70% proportion in the total cost of production will be material cost
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Sheet of Accounting Theory Difficulties in Segment Reporting * Base of Segmentation: in case of complex business, it’s difficult to select a base for organization as well as difficult to compare. * Allocation of Common Costs: Common costs are likely to be allocated, bringing segment information into question * Pricing Inter-segment Transaction: No specific method for inter-segment pricing, different method use for cost, cost plus market price and negotiable price. * Costs of Segment
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TRump’s tax plan would not help to achieve his proposals Accounting Communication TRump’s tax plan would not help to achieve his proposals Accounting Communication Trump’s tax plan would not help to achieve his proposals The main goal of Donald Trump’s 2016 tax plan is to decrease the tax obligation for each American without raising national debt or deficit (Trump’s Website). To achieve this goal, he plans to decrease low and middle class tax rates, to simplify the tax code in general
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are likely to be economies of scale - when producing for larger markets (foreign markets), average costs of production will be lower. There is likely to be a wider choice of products for consumers to buy and prices are likely to be lower because of lower costs. There is likely to be more efficient use of resources because countries will specialise in producing goods and services where opportunity cost is lowest, i.e. countries will produce goods and services that they can make more efficiently. There
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|University of Sunderland | |Managing Financial Resources andDecisions | | | |
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Internationalization and firm performance 1. Introduction The topics of internationalization and firm performance are introduced. Over the last decades the interest on the relationship and connection between internationalization and performance has grown rapidly. The aim of this paper is to focus on the strength and weaknesses of internationalization as a business strategy by stressing the positive and negative factors that influence the whole process. Moreover, internationalization well be
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options impact the financial statements of the company; it is either considered as an expense or cost to the company. In both cases, the debt of the company increases, thereby providing a tax deduction. Stock options maximize employees’ personal wealth as well as the company’s wealth. Also, companies are able to retain employees for long term. Although advantages are attractive, the disadvantages can bankrupt the company. Executives’ exercises stock options frequently, which is illegal, and
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firm’s credit collection policy with its customers). Disadvantages: unlimited liability, limited life, difficulty in transferring ownership, hard to raise capital funds. Some advantages: simpler, less regulation, the owners are also the managers, sometimes personal tax rates are better than corporate tax rates. The primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Some advantages include: limited liability, ease of transferability
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HND (Business)/ Foundation Unit 36: Starting a small business Assignment Title: “Starting a business” HND (Business)/ Foundation Unit 36: Starting a small business Assignment Title: “Starting a business” Submitted by: Ma Yamin Thu (Business Foundation) Submitted by: Ma Yamin Thu (Business Foundation) Date: (26.6.2016) Date: (26.6.2016) Contents Part 1: INTRODUCTION 2 1.1 Introduction 2 1.2 Objectives 2 Part 2: EXECUTIVE SUMMARY 3 Part 3: ASSIGNMENT 4 Task 1: Business Idea and Target Market
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Accounting Theory • Docent Machteld Van den Bogaerd machteld.vandenbogaerd@kuleuven.be • Cursusmateriaal – handboek (aanbevolen – niet verplicht) Accounting Theory (Godfrey et al., 2010) – Toledo wetenschappelijke artikels, handouts, etc. Accounting Theory • Examen (75% vd score) – schriftelijk examen – gesloten boek – duurtijd: 2 uur – combinatie multiple choice & open vragen Accounting Theory • Opdracht (25% vd score) – literatuurstudie rond een welbepaald thema in groep
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