DIPLOMA IN FINANCIAL ACCOUNTING INTRODUCTION TO FINANCIAL ACCOUNTING 1A SUPPLEMENTARY EXAMINATION November 2010 THIS PAPER CONSISTS OF 5 PAGES | DURATION: 2 hrs TOTAL MARKS: 150 PASS MARK: 50% INSTRUCTIONS TO CANDIDATES: 1. Read the following instructions CAREFULLY before answering the paper‚ as failure to act upon them will result in a loss of marks. 2. Please be neat – illegible handwriting cannot be marked. 3. The assessment must be written in either black or blue ink
Premium Asset Bookkeeping Balance sheet
Averkamp‚ H. (n.d.). Accounting Coach. Retrieved August 15‚ 2012‚ from What is included in cash and cash equivalents?: http://blog.accountingcoach.com/item-in-cash-and-cash-equivalents/ Garvey‚ G. (2012‚ January 12). Seeking Alpha. Retrieved August 15‚ 2012‚ from Getting Apple ’s Cash Right And Why It ’s Important: http://seekingalpha.com/article/319116-getting-apple-s-cash-right-and-why-it-s-important Leitao‚ R. (2011‚ November 28). Behind Apple ’s $170B Fiscal Year. Retrieved August 16‚ 2012‚ from Seeking
Premium Balance sheet Asset Generally Accepted Accounting Principles
Financial accounting reports are prepared for the use of external parties such as shareholders and creditors‚ whereas managerial accounting reports are prepared for managers inside the organization. This contrast in basic orientation results in a number of major differences between financial and managerial accounting‚ even though both financial and managerial accounting often rely on the same underlying financial data. In addition to the to the differences in who the reports are prepared for
Premium Management Financial statements Generally Accepted Accounting Principles
in the owners’ equity account. Cash Accounts receivable Prepaid insurance Surgery equipment Building Land Accounts payable Wages payable Mortgage payable Owners’ Equity 31 October $ 9 100 16 100 700 29 800 81 000 33 000 10 100 5 100 34 700 ? 30 November $ 3 900 16 500 800 29 700 80 800 33 000 3 100 4 100 34 300 ? 31 December $ 3 000 8 050 600 38 300 80 600 33 000 3 000 4 800 33 900 ? Required a b Determine the balance of Dr Fang’s equity
Premium Generally Accepted Accounting Principles Liability Balance sheet
1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
Premium Management Management accounting Business
Accounting 211: Introduction to Managerial Accounting Fall 2013 Syllabus Professor Feng Gao‚ Ph.D. Phone: (312) 996 – 4438 Office Hours: Monday 1:00 – 2:00pm 2321 UH Wednesday 1:00 – 2:00pm 2321 UH Teaching Assistant Uma Mulakala Office Hours: Tuesday 1:00-3:00pm 2347 UH Thursday 1:00-3:00pm 2347 UH Anita Ivanova Office Hours/Review Sessions: TBA Course Email: actg211uic@gmail.com Class Schedule 27836 11:00-11:50 M/W/F LC A001 27837
Premium Final examination Grade Activity-based costing
QUESTION 1: CHAPTER 7: ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT Preston Piston manufactures two types of electric sleeping bags- Luxury and Exclusive- and applies manufacturing overhead to all units at the rate of $80 per machine hour. Production information follows: Luxury Exclusive Direct material $35 $60 Direct Labour $20 $20 Budgeted volume (units) 8‚000 15‚000 The management accountant has determined that the firm’s overhead can be identified with three activities:
Premium Costs Fixed cost Variable cost
TYSON FOODS POWERS THE FIGHT AGAINST HUNGER Mitchell Communications Group‚ Inc. (MCG)‚ 2007 Summary Working with the public relations firm‚ Mitchell Communications Group‚ Inc.‚ Tyson Foods "wanted to develop a more strategic overall approach to hunger relief that would engage stakeholders on a more meaningful level including: Tyson team members; community leaders and elected officials; retail and food service customers; and a larger number of organizations and individuals involved in a hunger
Premium Food security Catering Donation
Hari Jani 2nd Period 10/29/13 Poetry Response The poem “Acquainted with the Night” by Robert Frost is about a person who feels isolated and depressed in their life but thinks everything is alright. The author discloses the isolation and depression the speaker is facing through the use of figurative language and tone. The title of the poem is an important part of the poem because it is repeated in the poem. The use of refrain in the first and last line notifies the
Free Depression Poetry Sadness
A Report on : Electronic Gadget Use In Present Day Academics. An Investigation into : Electronic Gadget Significant Benefits & Potential Drawbacks. An Analysis of : Interview about usefulness of electronic gadget. A Comparison between : Senior and junior student interview. A report submitted to the Department of English‚ AIUB‚ as part of a requyirement of the course Business Communication of Fall Semester 2014
Premium Mobile phone