Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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October1 Balance brought forward : Cash in Hand : $5000 Cash at Bank : $ 90‚000 October2 Received Cash loan of $25 ‚000 from Partners . October3 Bought goods of $156‚000 October4 Bought Motor Van paying by check $1‚600 October5 Cash Withdrawn from the bank $25‚000 October7 Paid Wages in Cash $16‚000 October8 Cash Drawings $10‚000 October10 Cash Sales paid directly into the bank $28‚000 October12 We paid the following Accounts by Check less 10% discount in each case: Marshal
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ACFM613 Accounting & Finance for managers College of Graduate School Project paper: Analysis of firm’s performance using accounting ratios Name of companies: a) b) Lecturer: Dr Wong Pik Har ACFM 613 Accounting & Finance for Managers - project paper This is an individual coursework that represent 40 percent of your total marks for ACFM 613 Accounting & Finance for managers. Your report should be font size 12 New Times Roman and would not be longer
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VEL TECH DR.RR & DR.SR TECHNICAL UNIVERSITY DEPARTMENT OF MANAGEMENT STUDIES P1BAA03 ACCOUNTING FOR MANAGERS Time: 3 Hrs Maximum: 100 marks PART-A (10 x 2 marks = 20 marks) Answer ANY TEN Questions. Each question carries 2 marks 1. Define Accounting. 2. Explain accounting cycle. 3. What are current assets? 4. What is net working capital? 5. What Trial Balance? 6. State any two advantages of fund flow
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Assignment No.01 Accounting For Managers ANALYZE THE BALANCE SHEETH‚ P& L STATEMENT AND CASH FLOW STATEMENT FOR THE FOLLOWING COMPANIES. FIND OUT ANY RELEVANT‚ DERIVED AND CONCEALED INFORMATION FOR THEM. KINDLY HIGHLIGHT THE FINANCIAL IMPLICATION FOR THE SAME. HINDUSTAN UNILEVER LIMITED ITC COLGATE PALMOLIVE PROCTER AND GAMBLE HYGIENE AND HEALTH CARE MARICO INDUSTRIES Managerial Economics Please limit your comments to eight pages. Your paper should not summarize the material in the
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(10 marks) ii. You have just recruited a financial manager in your organization. Discuss briefly the role that she will play in the entity’s business. (15marks) Total
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| 1. | Cash is another term for Stockholders’ Equity. | | | | True | | x| False | | | | Score: 1 of 1 | | 2. | Explanatory notes and supporting schedules are an optional part of an annual report. | | | | | True | | x | False | | | | Score: 1 of 1 | | 3. | Debt securities sold to investors that must be repaid at a particular date some years in the future are called | | | | | accounts payable. | | | notes receivable. | | | taxes payable. |
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Question 1 Cash Budget Higlow Manufacture Ltd | Financial Budgets - 2010 | Budgeted Cash Flow Statements | October | Beginning Cash Balance | $62‚000.00 | Receipts: | | Estimated cash sales: | | October ($1248‚961 × 58%) | 724‚397.38 | September ($1‚300‚000 × 40%) | 520‚000.00 | Total estimated cash sales | $1‚306‚397.38 | Payments: | | Estimated cash payments: | | Direct Material (75‚467 ×$4) | 301‚868.00 | Direct Labor (22‚489 × $14) |
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AC1010 Financial and Management Accounting for Managers Course Work for Semester 2 Submitted by: Emerson K.Yip G-number: Date: May 1‚ 2013 Table Content : Page 1. Calculation of Standard Cost per unit for each of the products 3 2. Reconciliation Statement between Standard cost at actual 7 production and Actual Cost of Production. 3. List of possible reasons for each of the variance
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Introduction to Managerial Accounting True / False Questions 1. Financial accounting information is generally used exclusively by internal parties such as managers. True False 2. Financial accounting information is prepared according to generally accepted accounting principles. True False 3. Managerial accounting information includes such items as budgets‚ performance evaluations‚ and cost reports. True False 4. Financial accounting information is reported
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