Qualification structure and syllabus CIMA Chartered Management Accounting Qualification 2010 December 2008 Contents CIMA now designs its qualifications in what we believe to be a unique way. Based on rigorous international primary research with all of our key stakeholders and involving the participation of over 6,000 individuals and organisations – members, students, employers (both existing and potential), CIMA tuition partners, universities and our examiner and marker team – we have designed
Words: 22006 - Pages: 89
T.Y.B.Com FINANCIAL ACCOUNTING AND AUDITING PAPER - IV AUDITING AND COST ACCOUNTING © UNIVERSITY OF MUMBAI Dr. Rajan Welukar Dr . Dhaneshwar Harichandan Vice Chancellor Professor-cum-Director University of Mumbai Institute of Distance and Open Learning Fort, Mumbai-400032. University of Mumbai Programme Coordinator : Section I - Auditing Prof. R. Vijayan (Bsc. L.L.B, F.C.A) N.G. Acharya, D.K. Marathe College Chembur, Mumbai - 400 071. Prof. Kiran M. Rage (M.Com, D.F.M., F.C.A) N
Words: 90883 - Pages: 364
Evaluation of adequacy of accounting ratios as a means of monitoring the state of business (TASK 8). GROSS PROFIT RATIO (GP RATIO) It is a profitability ratio that shows the relationship between gross profit and total net sales revenue. It is a popular tool to evaluate the operational performance of the business. The ratio is computed by dividing the gross profit figure by net sales. Formula: The following formula/equation is used to compute gross profit ratio: When gross profit ratio is
Words: 3708 - Pages: 15
offices in several countries and most organisations are going into decentralisation structure whereby each divisional manager can make his/her own decision. A control system is required to improve and consolidate control in their operating, revenue and cost activities. Budgetary control is described as the process of planning, controlling, coordinating and motivation through money values and departments within an organization. (Ryan, 2007) Budgetary control is a major feature of management control
Words: 3123 - Pages: 13
The impact of ICT on accounting practice in Nigeria CHAPTER ONE Introduction 1.1 Background of the study In the recent past centuries, before the inception of Information and Communications Technology (ICT), the accountants of an organization were using a socially acceptable behavioural method of reporting accounting and economic reports, carried out during accounting year ends, the preparation of accounting records, book such as the profit and loss account, the balance sheet
Words: 4194 - Pages: 17
300 Introduction – pg. 87 Tax accounting – the official reporting of income and expenses so a taxpayer’s taxable income for a particular period can be determined - The rules for determining when a business must recognize income and when it may deduct expense are referred to as the taxpayers method of accounting 301 Tax Accounting Distinguished from Financial Accounting - two sets of books because two different governing bodies Financial accounting – intended to provide useful information
Words: 2218 - Pages: 9
Most Innovative Company". At the end of 2001, it was discovered that Enron’s financial accounting reports had been falsified and the company had filed for bankruptcy. This substantial act was known as the "Enron scandal". The Enron scandal also lead to the creation of the Sarbanes-Oxley Act of 2002, a United States federal law enacted on July 30, 2002 to enforce firmer standards for management and accounting firms. Enron has since become a popular symbol of willful corporate fraud and corruption
Words: 1010 - Pages: 5
Solution Manual to accompany Accounting: Business Reporting for Decision Making 4e Jacqueline Birt, Keryn Chalmers, Suzanne Byrne, Albie Brooks & Judy Oliver Prepared by Jacqueline Birt John Wiley & Sons Australia, Ltd 2012 Chapter 1: Introduction to accounting Comprehension Questions 1.1 What is a business transaction and how does it relate to the accounting process? Illustrate the concept of a business transaction with five examples relating to a mobile phone distributor
Words: 6754 - Pages: 28
STATEMENTS BY USING THE TECHNIQUE RATIO ANALYSIS FOR HINDUSTAN UNILEVER LIMITED” By, Ruta Gadhiya (MBA) A report submitted in partial fulfilment of the requirements of THE MBA PROGRAM (The Class of 2014-2016) For the Module Financial Accounting and Analysis To, Prof. Meghna Dangi ACKNOWLEDGMENTS I express my gratitude to Prof. Meghna Dangi, for her expert guidance, encouragement and suggestion throughout the preparation of this work. She has been a pillar of support and inspired
Words: 7548 - Pages: 31
I have to take into consideration which of the four forms of business organizations best suit my services. I must consider the legalities, taxes, and accounting implications associated with my type of business organization. This paper will explain the advantages and disadvantages of the four business forms, the legalities, taxes, and accounting principles associated with each form, and the type of business form that suits the services provided by my business. Sole Proprietorship Sole proprietorship
Words: 1795 - Pages: 8
