day we come across the word ’business’ or ’businessman’ directly or indirectly. Business has become essential part of modern world. Business is an economic activity‚ which is related with continuous and regular production and distribution of goods and services for satisfying human wants. We should be aware of the importanceof business because according to Lawrence Robert Dicksee‚ a Lecturer in London School of Economics and Political Science. Professor of Accounting at Birmingham University‚ Writer
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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also provides all calculations about this business and all the calculation can be found in AFB assign calculation.the business is have trouble with funding growth‚ and debtor keep increasing for that 3 years period and a business has a relatively poor rate of return on asset.The current and quick ratio was decreased in 2012 to 5‚02 times and 2‚66 time but the business still be able to pay its debt‚ there is a problem with account receivable because the business still difficult to collect the money from
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Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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of Strategic Management Accounting‚ defined it as‚ "a form of management accounting in which emphasis is placed on information which relates to factors external to the firm‚ as well as non-financial information and internally generated information." Ward (1992) defines it as‚ “strategic management is an integrated management approach that draws together all the individual elements involved in planning‚ implementing and controlling business strategy” For management accounting must help accomplish the
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research has shown that‚ however engagement is defined‚ it is a multi-faceted construct. Findings suggest people seek more meaning in their day to day work than they do in their personal lives. There is a connection between employee engagement and business results. It has an effect on effect of individual difference on work performance‚ perception and personality‚ emotional factors‚ personal relationships‚ demographic factors. (International Journal of Trade‚ Economics and Finance‚ Vol 2‚ No.3‚ June
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million pounds a month can really add up. Saving ten minutes of wait time in hospital might add $100‚000 to the bottom line and deliver better patient outcomes. Comparing two or more drug formulations might pinpoint the best drug for a desired result. How can you compare the old formula with a new one and be certain that you have an opportunity to improve? Use one-way ANOVA (also known as single factor ANOVA) to determine if there’s a statistically significant difference between two or more alternatives
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Environmental Accounting Where We Are Now‚ Where We Are Heading by Joy E. Hecht Interest is growing in modifying national income accounting systems to promote understanding of the links between economy and environment. T he field of environmental accounting has made great strides in the past two decades‚ moving from a rather arcane endeavor to one tested in dozens of countries and well established in a few. But the idea that nations might integrate the economic role of the environment into
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SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
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