BUSINESS FINANCE AND MANAGEMENT ACCOUNTING Unit short code : BUSFINACC REFERRAL CW1 ‚ JULY 2012 QUESTION 1 Adjustments | | | | | | | Closing stock = £111 317 | | | | | | Ordinary shares = 300 000 | | Preference shares = 50 000 | | nominal value = £0.5 | | | nominal value = £1 | | | share capital = 300 000* 0.5 = £150 000 | | share capital = £ 50 000 | | ordinary share dividend = 18% | | preference share dividend = 12% | | ordinary dividend = 150 000 * 0
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Prologue Managerial Accounting and the Business Environment Study Suggestions ( The prologue describes important aspects of the contemporary business environment. While there are no written assignments‚ you should be familiar with the major ideas as background for your study of managerial accounting. HIGHLIGHTS A. In many industries‚ a company that does not continually improve will find itself quickly overtaken by competitors. The text discusses
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References: Elliot‚ B.‚ & Elliot‚ J.‚ 2004. Financial accounting and reporting. London: Prentice Hall. Goodyear‚ L. E.‚ 2009. Principles of Accountancy. Cedar Rapids‚ Iowa: Goodyear-Marshall Publishing. Lewis‚ M. K.‚ 2001. Islam and accounting. Oxford: Wiley-Blackwell.
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Useful Expressions - Business Language Apologizing I’m sorry. I made a mistake. Please accept my apologies. I’m sorry. I didn’t mean to . . . (I’m) sorry. I didn’t realize that . . . . That’s okay. No problem. Prefacing bad news I’m sorry (I have) to tell you this‚ but . . . I hate to tell you this‚ but . . . I don’t know how to tell you this‚ but . . . I have some bad news. (Formal) written apologies We regret to inform you that . . . Regretfully . . . Unfortunately .
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A Survey on The Transformation of Business Proccess Modelling Language to Business Process Execution Language Muhammad Rifqi Ma’arif Dept. of Industrial & Systems Engineering Dongguk University – Seoul rifqi_mrf@yahoo..com Abstract. In Business Process Management (BPM)‚ business processes are often modeled in a explicit way by using Business Process Modeling Language (BPML). BPML was reprsented with a graphical form‚ which make a better interpretation of business process within the organization.
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records tell you how much income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet‚ this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the HM Revenue and customs (HMRC). If the business doesn’t record the cash transactions
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406 ACC 2301 INTRODUCTORY MANAGEMENT ACCOUNTING Section 011 (Monday) Final Exam‚ Winter Term 2012 (May 25th‚ 2012‚ 1:10 p.m. - 3:10 p.m. in Room TRS2-147) INSTRUCTIONS TO STUDENTS: 1. This 2-hour test consists of 5 questions (7 pages). 2. Marks total 45. 3. All questions must be answered on this paper in the spaces following the questions. Pages are not to be separated and all pages must be submitted without exception. 4. Calculator (model Royal XE24 or XE36
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Importance of Business Ethics in Managerial Accounting When companies don’t see the importance of business ethics in managerial accounting they usually end up down the same road as Enron: bankrupt. And while that isn’t always true‚ the importance of business ethics in managerial accounting cannot be understated if you want your company to be a success. Why Ethics Is Important in Managerial Accounting The Enron scandal is probably the most well-known example of improper accounting ethics on
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Management Accounting and the Modern Business Environment Part-I Over the years global business environment has gone through some massive changes. These changes are due to changes in socio-economic situations‚ changes in consumers’ demands‚ changes in technological environment‚ changes in political scenario etc. Today’s business environment is referred to as the modern business environment which is characterized by globalization‚ advanced technology‚ intense competition‚ powerful customers and consumers
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of Networking in Small Business Accounting Accountants have long faced the same dilemma faced by any professional who runs his or her own practice – should one expand one’s practice to attain a higher level of service and compensation or should one focus on running a “small” practice and reaping the fruits thereof? For many accountants‚ it may well seem as if the choice has already been made. As larger corporations have a tendency to turn toward big name accounting firms to handle their affairs
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