CAPE ACCOUNTING UNIT 2 MODULE 1: COSTING PRINCIPLES CONTENT: Cost and Management Accounting‚ Manufacturing Enterprises‚ Elements of Cost 1. INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING i. Discussing the importance and role of Cost Accounting and Management Accounting ii. Differentiating between Cost and Management Accounting and Financial Accounting iii. Discussing the role of Cost and Management Accounting and service industries 2. ACCOUNTING FOR MANUFACTURING ENTERPRISES i. Flow of costs i. Cost
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A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its unique measure of activity. These measures of activity often differ from the allocation bases used in traditional costing systems. 8-2 When direct labor is used as an allocation base for overhead‚ it is implicitly assumed that overhead cost is directly proportional to direct labor. When cost systems were originally developed in the 1800s‚ this assumption may have been reasonably accurate
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Financial Reporting Problem‚ Part 2: Nike ACC/290 Financial Reporting Problem‚ Part 2: Nike When determining the overall financial strength of a company‚ businesses rely on their current assets to show value. Current assets are defined as assets that can or will be converted into cash quickly. The value of the asset’s will vary and may be used at any time as collateral for loans or other investment business development plans. Current assets will include‚ of course‚ cash and cash equivalents
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residents. The Company EB is incorporated in Eldoret Town‚ its postal address being The mobile number being It is owned and managed by its owner-Eric Kipchoror Kiplagat. Mr.Eric Kipchoror Kiplagat has extensive experience in accounting‚ sales‚ marketing‚ and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations. Products and Services EB offers a broad
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Unit 2- Development from conception to age 16 years By Claire Williamson Word Count: E1:Describe the development of children in a selected age range and in two areas of development. Birth to three years‚ physical development and social and emotional development. Throughout the first year of life‚ babies will undergo rapid social‚ emotional‚ physical‚ and cognitive development. Motor control develops from the head‚ moves down through the arms and then to the legs and feet. Initial movements
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16 AND PREGNANT BY KEYTASHAH BARBER Composition 102 December 1‚ 2012 Why is it that 16 years old think that getting pregnant is a good idea? I understand that whatever you do in life has a consequence and nothing goes unpunished. For instance when you have unprotected sex with your boyfriend Steve as a virgin you feel so magical and never want that night to end and it seems that for some reason the next few weeks you are still having that magical night. It’s been two weeks and your period
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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What environmental factors have helped to create the situation Jasper Hennings faces? There are several factors that have helped. One of them is the availability of all kinds of distractions the internet can have (external organizational environment). And I say ‘can’ have‚ because it doesn’t have to be like that. Some people really focus and use the internet to maximize their time or minimize efforts. It is amazing how many interesting things can be found on internet‚ about anything‚ yet some people
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Management Accounting‚ 6e (Atkinson et al.) Chapter 2 The Balanced Scorecard and Strategy Map Objective 1 1) Database and information systems are physical assets which create distinctive value for companies. Answer: FALSE Explanation: Database and information systems are intangible assets Diff: 1 Terms: database and information systems Objective: 1 AACSB: Reflective thinking 2) The roles of performance measurement systems in organizations include all of the following EXCEPT: A)
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