w w w e tr .X Syllabus m eP e ap .c rs om Cambridge IGCSE Accounting Syllabus code 0452 For examination in June and November 2013 Contents Cambridge IGCSE Accounting Syllabus code 0452 1. Introduction ..................................................................................... 2 1.1 1.2 1.3 1.4 Why choose Cambridge? Why choose Cambridge IGCSE Accounting? Cambridge International Certificate of Education (ICE) How can I find out more? 2. Assessment at a glance ......
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A guide to Consolidated accounts A SIMPLE GUIDE TO CONSOLIDATED ACCOUNTS This is a basic guide prepared by the Technical Advisory service for members and their clients. It is an introduction only and should not be used as a definitive guide‚ since individual circumstances may vary. Specific advice should be obtained‚ where necessary. Requirement to Prepare The Companies Act 2006 gives exemption from the requirement to prepare group accounts to small groups but not medium sized groups
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and closed note exam. No aid sheet is allowed. You will need a calculator‚ but no other electronic devices will be allowed during the exam. 3. The exam covers materials in classes 1 through 11 inclusive (i.e.‚ topics 1 through 8)‚ with more emphasis on topics 3 through 8. It will have both problem-solving and essay-type questions. It is not going to be an easy exam‚ so you will not waste time studying for it. 4. I suggest that you prepare for the exam by reading my lecture notes and the textbook
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Historical Cost Concept What is historical cost? Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term historical cost helps to distinguish an asset’s original cost from its replacement cost‚ current cost‚ or inflation-adjusted cost. For example‚ land purchased in 1992 at cost of $80‚000 and still owned by the buyer will be reported on the buyer’s balance sheet at its cost or historical cost of $80
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“Is College Still Worth The Expense?” College is very important to us because it is the stepping stone to achieve our goal in life. It helps us to improve our skills and learn more‚ and it helps us to maintain higher levels of social competence and academic levels. Education remains and important investment for the future. Having an advanced degree‚ ensures that we are well trained and highly skilled in our chosen fields‚ which is very important. With advance knowledge and continued education
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needs to improve some of the internal controls over its revenue cycle procedures. Existence or Occurrence From Bradmark’s data files on sales invoices‚ cash receipts and list of customers‚ the ACL software was used to compute and determine the Accounts Receivable balances of customers in the books. January 20‚ 2005 United City 920 4 th Street Bridgewater‚ New Jersey 8807 Dear Sir/Madam‚ In connection with an examination of our financial statements by Ross & Specter Co.‚ Certified Public
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thought was doubtful. PwC had been collecting large rebates on airline tickets and other travel expenses being charged as expenses to clients of the firm. These rebates were not being returned to the firm’s clients in the form of savings‚ but the firm was keeping these rebates for it. This was working‚ because the firm would bill the clients for the full price of airline tickets and other travel-related expense‚ but privately‚ the firm negotiated discounts and rebates that they then got at the end of
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Li Ming Co. had a $97‚500 balance in Accounts Receivable. During October‚ the company collected $88‚950 from its credit customers. The October 31 balance in Accounts Receivable was $100‚500. Determine the amount of sales on account that occurred in October. c. Nasser Co. had $147‚000 of accounts payable on September 30 and $136‚500 on October 31. Total purchases on account during October were $270‚000. Determine how much cash was paid on accounts payable during October. 2-4 Prepare general
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1. Sully Company uses 3‚000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the material to when it is received. If Sully’s desired safety stock is 12‚000 yards‚ what is Sully’s order point? a. 12‚000 yards b. 21‚000 yards c. 30‚000 yards d. 42‚000 yards ANS: D 3‚000 (daily usage) x 10 (lead time) 30‚000 Safety stock 12‚000 Order point 42‚000 PTS: 1 DIF: Moderate REF: P. OBJ: 1 NAT: IMA 3A - Strategic Management TOP: AACSB - Analytic 2. What
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interpreting the contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and
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