CONFIDENTIAL UNIVERSITI KUALA LUMPUR BUSINESS SCHOOL FINAL EXAMINATION SEPTEMBER 2013 SEMESTER SUBJECT CODE : EAB10603 SUBJECT TITLE : MANAGEMENT ACCOUNTING 1 LEVEL : BACHELOR TIME / DURATION : 2:00 – 5:00 PM / 3 HOURS DATE : 12TH JANUARY 2014 INSTRUCTIONS TO CANDIDATES 1. Please read the instructions given in the question paper CAREFULLY. 2. This question paper is printed on both sides of the paper. 3. This question paper consists of TWO
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Introduction Accounting theory is aiming to provide a coherent set of conceptual principles which form the general frame of reference for the explanation and development of facts of the accounting practices. There is no universally accepted single theory of accounting since there are so many different perspectives on the role of accounting theory. Also, a researcher’s own experience and value can effect which theory they support. This paper is mainly focus on the positive accounting theory and normative
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trying to accomplish a move from a traditional cost accounting system to a new, ABC accounting system. This, in order to identify what are the true costs of each customer and each order, enabling the company to fully understand its cost structure thereby providing the base for better business choices (and higher profitability). These are very sensible goals indeed. Even though the company is profitable, implementing a new, activity-based cost accounting system will allow the company to improve its
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HCS/405 Health Care Financial Accounting Many hospitals in the United States are faced with many financial burdens. Hospitals have the challenge of making adjustments according to the economy, patient need, and quality of care. With the downfall of the economy, accounting issues, funding options, capital growth, and capital insufficiency, many hospitals are faced with making and planning financial decision in order to succeed. The Elijah Heart Center analysis simulation shows how
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system: 5 4. Assessment of overconsumption in 1995-1998 period: 6 5. Cost savings through reduced consumption in the 1999 system: 7 6. Conclusion: 8 7. Recommendation: 8 Appendix 1: Calculation cost of a large and a small customer in 1995-1998 system and 1999 system 9 Appendix 2: Calculation cost of actual usage in 1998 and proposed usage in 1999 under 2 systems in Huntsville Division 10 Appendix 3: Cost savings company get and lost 11 Ciatation: 12 1. Introduction: For
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and penalties at any time although it must prove fraud. The deliberate omission of $40,000 of gross income will generally constitute fraud (tax evasion) and in those circumstances there is no statute of limitations. If the IRS cannot prove fraud on Kevin’s part, then the statute of limitations would expire April 15, 2016. Q.42 Answer: The corporation will be able to pay interest on the debt s well as deduct the interest from its gross income. However if the corporation pays dividends
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Earnings Management Techniques used by Enron Enron's complex financial statements were confusing to shareholders and analysts. In addition, it’s complex business model and unethical practices required that the company use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance. Revenue Recognition: Enron was originally Services providing company such as wholesale trading and risk management in addition to building and maintaining electric
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Health Care Financial Accounting La’Kesha Wright HCS/405 10/01/2012 Sherida Douglass Introduction Good cash flow is essential to every organization, including hospitals, where quality care of every patient is essential. A steady and consistent cash flow can help improve the hospitals borrowing power, which will increase and maintain the income level. Capital Shortage My challenge was to decide on the best strategy to solve the cash flow problem at Elijah Heart Center (EHC). In addition
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Are the financial ratios for the hospital improving? The Answer is: No There is a essential use and limitations of financial ratio analysis, One must keep in mind the following issues when using financial ratios: One of the most important reasons for using financial ratio analysis is comparability and for this, a reference point is required. Usually, financial ratios are compared to historical ratios of the business itself, competitor’s financial ratios or the overall ratios of the industry
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Read full version essay Financial And Business Accounting Financial And Business Accounting Print version essay is available for you! You can search Free Term Papers and College Essay Examples written by students!. Join Essays24.comand get instant access to Financial And Business Accounting and over 30,000 other Papers and Essays Category: Business Autor: anton 01 December 2010 Words: 1039 | Pages: 5 Financial accounting is defined as measuring and recording business transactions and
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