Econ 136A: Intermediate Accounting University of California Santa Barbara Fall 2015 Syllabus Professor: Douglas E. Kulper Office Hours: Mon 12:45 – 1:45 pm Office: North Hall 3050 Mon 5:00 – 6:15 pm E-mail: doug.kulper@ucsb.edu Wed 5:00 – 6:15 pm Class Meeting Information Class Time: Monday/Wednesday, 2:00 pm – 3:15 am (Room: NH 1110) Class Time: Monday/Wednesday, 3:30 pm – 4:45 am (Room: NH 1110) Course Description Three hours lecture/discussion/problem
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From: Yuxi Zhang, Accountant Subject: Responsibility Accounting Method in Corporation Operation Date: September 20, 2015 This memo is in response to your questions concerning the responsibility accounting method. The memo will first explain responsibility accounting and then discuss how to correctly applying it in operation. Finally, some precautions of system installed are provided too you. After you understanding responsibility accounting method, you will be better able to decide whether you
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CHAPTER 7 PRODUCTION AND COST IN THE FIRM QUESTIONS FOR REVIEW 1. (Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100 per acre. However, if he raised soy beans, he could earn $200 per acre. Is he currently earning an economic profit? Why or why not? a. No he is not. He could be earning $100 more per acre and gaining that in economic profit. 2. (Explicit and Implicit Costs) Determine whether each of the following
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Chapter 12 1. Which intangible assets are amortized? Limited-Life Indefinite-Life a. Yes Yes b. Yes No c. No Yes d. No No 2. The cost of successfully defending a patent suit should be a. charged off in the current period. b. amortized over the legal life of the purchased patent. c. added to factory overhead and allocated to production of the product. d. amortized over the remaining estimated useful life of
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Transaction, Operating, & Accounting (Translation) Exposures Foreign Exchange Exposure – measures the potential for a firm’s profitability, net cash flow, and market value to alter because of a change in exchange rates. Q: What are the three main foreign exchange exposures? A: 1) Transaction Exposure 2) Operating Exposure 3) Accounting Exposure Transaction Exposure – measures changes in the value of outstanding financial obligations incurred prior to a change in exchange rates.
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CHAPTER 11 FINANCIAL INSTRUMENTS AS LIABILITIES CHAPTER OVERVIEW An astounding variety of financial instruments, derivatives, and nontraditional financing arrangements are now used to fund corporate activities and to manage risk. Statement readers face a daunting task when trying to fully grasp the economic implications of some financial innovations. Off-balance sheet obligations and loss contingencies are difficult to evaluate because the information needed is often not disclosed. Derivatives—whether
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Chapter 1: Introduction to Managerial Accounting 1. Identify managers’ four primary responsibilities * Planning involves setting goals and objectives for the company and determining how to achieve them. * Directing means overseeing the company’s day-to-day operations. Management uses product cost reports, product sales information, and other managerial accounting reports to run daily business operations. * Controlling means evaluating the results of business operations against
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Table of Contents Chapter 1. Purchasing and Supply Management Chapter 2. Supply Strategy Chapter 3. Supply Organization Chapter 4. Supply Processes and Technology Chapter 5. Make or Buy, Insourcing, and Outsourcing Chapter 6. Need Identification and Specification Chapter 7. Quality Chapter 8. Quantity and Inventory Chapter 9. Delivery Chapter 10. Price Chapter 11. Cost Management Chapter 12. Supplier Selection Chapter 13. Supplier Evaluation and Supplier Relations Chapter 14. Global Supply
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Accrual Accounting Concepts The Navigator • Scan Study Objectives • Read Feature Story • Read Preview • Read text and answer Before You Go On p. 169 p. 174 p. 183 • Work Using the Decision Toolkit • Review Summary of Study Objectives • Work Demonstration Problem • Answer Self-Study Questions • Complete Assignments Feature Story What Was Your Profit? The accuracy of the financial reporting system depends on answers to a few fundamental questions. At what point
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Chapter 3 (REVIEW-Self study chapter) After studying this chapter, you should be able to: Understand basic accounting terminology. Explain double-entry rules. Explain how transactions affect the accounting equation. Identify the steps in the accounting cycle and the steps in the recording process. Explain the reasons for and prepare adjusting entries. Explain how the type of ownership structure affects the financial statements. Prepare closing entries and consider other matters relating
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