disclosed within Note 24, Segment Information, that it has four operating segments: (1) A2 Americas, (2) A2 Asia Pacific, (3) A2 Others, and (4) Financial Services. Note 12, Goodwill and Other Intangibles, disclose that A2 Auto has the same four reporting units. ACCOUNTING QUESTIONS 1. What are the appropriate criteria for the grouping of long-lived assets to be held and used for impairment testing purposes? 2. On the basis of the information in A2 Auto’s 2010 Form 10-K, what is the appropriate
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are labeled. Are raw materials, labor, and overhead direct or indirect costs? How do we determine the behavior of these types of costs? When determining if a cost is direct or indirect we must determine if the cost is physically connected to a product. Therefore, raw materials, and labor will be considered direct cost, because they are used to make or produce the final product. Overhead will be considered an indirect cost, because it includes expenses needed to produce the product but no physical
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changing standard, and why manager must switch the standard to IFRS. At last, it points out several methods that managers should take in order to switch to IFRS. Keywords: IFRS, GAAP, switch Introduction International Financial Reporting Standards (IFRS) is a standard accounting system easy to International Accounting Standards Board (IASB) issued by the countries in the cross-border economic exchanges. IFRS is a global harmonization of financial rules to regulate the operation of
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section of the resort. They can use a zero budget system to clearly detect inflated budgets in the beginning of the financial year. The resort should control their budget by checking income and expenditure at regular intervals and identifying and reporting the deviations. As for the other sections of their resort, there is no need for any change. It is because the incomes and the variances did not exceed their targeted budget. Therefore, they can save more if they continue. They only need to
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boats to storage • There is a large shed with capacity to built up to 40 boat at a time • A store located on the property sold marine hardware and supply. • The wharf is also equipped with a gas pump • There are no other yacht clubs in down Analysis 1.(a) Bate needs to put a job order cost system in place so that she can know what her cost for manufacturing a boat is her job order. Once this system is in place she can determine the price point where she can make a profit
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A presentation report on Cost–volume–profit analysis (CVP) Prepared for: Ms. Wahida Akther Lecturer Department of Business Administration Course code: ACC- 324 Course title: Taxation Prepared by: Group name: Exclusive NAME | ID | Omar Faruk | 1001010169 | Mirza Atiqul Hoque | 1001010182 | Minhaj Sultana | 1001010184 | Mushfiqur Rahman | 1001010186 | khairul Anam Choudhury | 1001010199 | Section:(D) 8th
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CGA-CANADA FINANCIAL ACCOUNTING: CONSOLIDATIONS & ADVANCED ISSUES [FA4] EXAMINATION June 2014 Marks Notes: 1. 2. 3. 4. 5. 6. 7. All calculations must be shown in an orderly manner to obtain part marks. Round all calculations to the nearest dollar. Narratives for journal entries are not required unless specifically requested. Assume a December 31 fiscal year end unless specifically stated otherwise. Assume all amounts are material unless directed otherwise. Assume all companies are public companies
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be recognized in the same period in which the revenues are recognized that were produced by the expenses. 4. Recognition of revenue under the cash basis occurs when the revenue is received. 5. Under the cash basis, expenses are recognized when the costs expire or assets are used. 6. Cash-basis accounting provides the most useful measure of future operating performance. 7. Accrual accounting recognition rules for revenues and expenses are designed to alleviate mismatching problems that exist under
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Consolidated Statements of Income Part 3: Discussion of the Statement of Cash Flows Part 4: Discussion of the Auditor’s Opinion Part 5: Discussion of Revenue Recognition Part 6: Discussion of Accounts Receivable Part 7: Discussion of Inventory and Cost of Goods Sold Part 8: Discussion of Property, Plant and Equipment Report 2 Part 1: Discussion of Intangible Assets Part 2: Discussion of Current Liabilities Part 3: Discussion of Long-Term Debt Part 4: Discussion of Leases Part 5: Discussion of Stockholder’s
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authoritative support to the Gaap. 2) FASB are compose by objectives of financial reporting, qualities characteristics of accounting information, elements of financial statements and operating guidelines. E8-5 IC GOOD OR WEAK RELATED INTERNAL CONTROL PRINCIPLE Weak establish responsibility Good Independent internal
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