Section-A 1. Discuss management accounting as an effective tool of financial control. 2. What do you mean by cash from operating activities? How is it calculated? 3. The “volume-cost-profit relationship provides management with a simplified framework for organizing its thinking on a number of problems.” Discuss 4. Recently a conference speaker discussing budgets & standard costs made the following statement- “Budgets & standard costs are not the same things‚ they have different purposes
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Business Administration- MBA Semester 1 MB0041 – Financial And Management Accounting - 4 Credits (Book ID: B1624) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the process involved in accounting. 2. The salaries paid in 2004 is Rs. 5‚00‚000; Salaries outstanding is Rs. 20‚000; Salaries paid in advance for 2004 is Rs. 30‚000. What is the actual salary expenditure for 2004? Which accounting principle is involved in this and explain that
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ACCT1501 ACCOUNTING & FINANCIAL MANAGEMENT 1A SEMESTER 1 2008 COURSE NOTES Last Revised: 13th August 2008. kaheiyeh.web.officelive.com Contents Page 3: The Nature of Accounting Page 5: The Balance Sheet & Transaction Analysis Page 8: The Income Statement & Transaction Analysis Page 13: Financial Reporting Principles Page 18: Adjustment to Accounting Entries Page 23: Completing the Accounting Cycle Page 26: Accounting for Cash Holdings & Receivables Page 30: Accounting for Inventory Page 37:
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Theory. [online] Available at: Atrill‚ P. and McLaney‚ E.‚ 2011. Accounting and Finance for Non-Specialists. 7th Edition. Financial Times: Prentice Hall. Turton‚ A. Workshop 4‚ PGBM12 Accounting and Financial Management. University of Sunderland‚ unpublished. Turton‚ A. Workshop 8‚ PGBM12 Accounting and Financial Management. University of Sunderland‚ unpublished. Turton‚ A. Workshop 10‚ PGBM12 Accounting and Financial Management. University of Sunderland‚ unpublished. The Institute of Chartered
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Financial and Management Accounting-2 ASSIGNMENT Marks: 10 Question: Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM‚ Inc.‚ has been experiencing difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (19‚500 units*$30 per unit) $585‚000 Variable expenses 409‚500 Contribution margin 175‚500 Fixed expenses 180‚000 Net operating
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THE ADVANTAGES AND DISADVANTAGES OF LIVING IN THE 21ST CENTURY Living in the 21st century offers certain formal gowns dresses advantages‚ such as a higher standard of living‚ but it also has some disadvantages‚ such as a polluted environment. To begin with‚ most people now have more money for less hard work. They earn higher salaries than before and enjoy better social security‚ such as social welfare for laid-off workers and disability insurance. Secondly‚ because of the advance in medical technology which
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The 21st has begun and with it will come many changes in today’s modern society. Changes occur daily; taken into view these changes become extremely noticeable. This century is going to change not just the way that we think‚ but also what we actually think with - our own individual minds. This paper will express personal beliefs on what will occur in the 21st century‚ such as‚ technology‚ medical sector‚ and living environments. Technology plays an important role in the 21st century. Modern advancements
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be a challenge. 3) Learning the Genius of AND (borrowed from Jim Collins‚ "Built to Last") - having operational excellence AND innovation‚ sustainability AND profitability‚ faster deliveries AND lower inventories‚ less people AND more productivity - it’s easy to view these as choices between one or the other. Finding solutions where both can be true can be hard‚ and requires new ways of thinking. Financial Management Controls Operational managers must ensure that financial accounting and
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Introduction - 4 - 2. Determination of globalisation - 4 - 3. Emergence of Globalisation - 4 - 4. Drivers of Globalisation - 5 - 4.1.1. Diminishing of Trade Barriers - 5 - 4.1.2. Technological Changes - 5 - 5. Impacts of Globalisation and its Challenges - 6 - 6. Conclusion - 8 - Abbreviations (1st ed.) First edition (Ed.) Editor (Eds.) Editors et al. And others GATT General Agreement on Tariffs and Trade (n.d.) No date NAFTA North American Free Trade Area (p.) Page (pp.) Pages
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The 21st century has revolutionized the way we interact with others and view the world; technology made it is easier to communicate‚ network‚ and even flirt with others. Computers transformed themselves into becoming the new “cupid” via instant messaging‚ chat-rooms and online dating in which flirting is easier in these spaces. Also the rise of social networking sites even made it possible to find a significant other; for example‚ my friend met his current girlfriend of six months through Facebook
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