MIA ICS Case Writing Group Case Study No. 3 WHY DON’T WE SELL THE CLUB? By Hur Tze Huan CA(M)‚ FCMA(UK)‚ CFP‚ MBA(UKM)‚ Cert. Trainer The Club Releks Golf & Country Club (the Club) was one of the few members’ clubs in Malaysia. Its 4‚000 plus members not only enjoyed golfing and other recreational activities of the Club‚ they were also each a part owner of the Club’s assets‚ including the land. The Club’s 36-hole course sat on 300 acres of prime land surrounded by residential and shop-office
Free Budgets Budget Operations management
conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past ? (b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. 2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible for its limitations .If any (b) Why do you understand
Premium Balance sheet Income statement Revenue
References: Blumenthal‚ R. G. ‘Tis the gift to be simple: Why the 80-year-old Du Pont model still has fans‚ CFO Magazine‚ January‚ 1998‚ pp Brigham‚ E. F. and Houston‚ J. F. Fundamentals of Financial Management‚ Concise Third Edition‚ Harcourt Publishers‚ 2001. Devine‚ K. and Seaton‚ L. An examination of quarterly
Premium Financial ratio Financial ratios Balance sheet
Ch8 Student: ___________________________________________________________________________ 1. Delta‚ Northwest‚ and United Airlines have all‚ at one time‚ filed for bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in
Premium Balance sheet Taxation in the United States Generally Accepted Accounting Principles
charged $3‚635‚223 depreciation on the income statement of Andrews. Andrews plans to make investment that will increase this depreciation to take advantage of changes in the tax code. Will this?a. Decrease net cash from operations on the cash flow statementb. Increase net cash from operations on the cash flow statementc. Just impact the balance sheet.d. Have no impact on the net cash from operations as depreciation appears in both cash flow and income statementAnswer | Selected Answer:
Premium Balance sheet Generally Accepted Accounting Principles Asset
The Series of Discussion Papers “Conceptual Framework of Financial Accounting” Working Group on Fundamental Concepts September 2004 （Tentative translation: 28 Feb. 2005） Contents Issuance of the Series of Discussion Papers “Conceptual Framework of Financial Accounting”・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 1 Discussion Paper “Objectives of Financial Reporting” ・・・・・・・・・・・・・・・4 Discussion Paper “Qualitative Characteristics of Accounting Information” ・・・・・12 Discussion Paper “Elements
Premium Balance sheet Income statement Asset
operates on a fiscal year‚ which ends September 30. Following is the post-closing trial balance as of September 30: [pic] .:. Additional information: 1. The balance of the materials account represents the following: [pic] .:. The company uses the FIFO method of accounting for all inventories. Material A is used in the stamping department‚ and materials B and C are used in the plating department. 2. The balance of the work in process account represents the following costs that are applicable to
Premium Balance sheet Inventory Depreciation
Class Discussion 1. Dartmouth Inc’s latest net income was $1‚250‚000‚ and it had 225‚000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? 2. Garcia Industries has sales of $200‚000 and accounts receivable of $18‚500‚ and it gives its customers 25 days to pay. The industry average DSO is 27 days‚ based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the
Premium Financial ratios Generally Accepted Accounting Principles Financial ratio
to vote because of the freedom we have on voting for which president we want to have‚ but some people just don’t think that way. As a consequence‚ voter turnouts during presidential elections has been traditionally low. There are a number of reasons why people may not vote such as a lack of understanding of politics‚ people being busier‚ a lack of trust in the government‚ laziness; which is disrespectful‚ and not caring or even contentment with how things are. But when people
Premium Elections Election Voter turnout
ANSWER SHEET STUDENT’S SURNAME........................................... OTHER NAMES.......………......................................... STUDENT NUMBER....……….................................. TUTORIAL DAY & TIME........………................... TUTOR’S FULL NAME......................................... Test 1 – Version 2 Session 2‚ 2012 Course Code: ACCG 224 Course Name: INTERMEDIATE FINANCIAL ACCOUNTING Time allowed: 55 minutes plus 5 minutes reading time Total No. of questions:
Premium Balance sheet Generally Accepted Accounting Principles Depreciation