SUNSET COSMETIC INC CHAIRMAN’S REPORT 2012 Business review The company have achieved successful result in 2012 but not as profitable as the previous years. Due to a lot of new cosmetic product arises‚ the market of the business have slightly changed. The business have to fight in improving the quality and keep track to create new products in attracting more customers. Despite the competitions‚ the sales of the company have an 4.3% increase from $670‚000 to $700‚200. This indicates Sunset Cosmetic
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INTRODUCTION Documentation explains how AISs operate and is therefore a vital part of any accounting system. For example‚ documentation describes the tasks for recording accounting data‚ the procedures that users must perform to operate computer applications‚ the processing steps that AISs follow‚ and the logical and physical flows of accounting data through the system. This chapter explains in greater detail why accountants need to understand documentation and describes some tools for diagramming
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Introduction: Generally‚ our logo is a bird‚ one of the animals that can fly around. On the top of the logo‚ there are Chinese and Canadian national flags. In this case‚ we can compare our students in Sino-Canadian Program as the bird that will fly from China to Canada for better education. On the other hand‚ from the expression of the beautiful bird‚ we can also deduce that our students must have royal quality and great ambition. Basically‚ our bird is composed of various types of geometric
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return preparation‚ office computerization‚ new business start-up‚ general bookkeeping and tax preparation & planning. Job description During the intern period‚ I did four main tasks as follow 1. Bookkeeping The company uses the accounting software called Write up and Quick Book to do the book keeping. In order to do the book keeping we need to create a ledger for all the financial accounts and use the check and invoice provided by the customer to record all payments made from these
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Management Accounting Terms and examples Accounting is the process of analyzing and recording transactions for the purpose of preparing reports for statutory reporting‚ decision making and control. Types of accounting Bookkeeping is the recording of financial transactions. Transactions include sales‚ purchases‚ income‚ receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process
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Vice President Jack Brickhouse asks Louise Boudreau‚ the controller‚ to reduce the estimate of warranty expense by $60‚000. The present estimate of warranty expense is $500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise
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are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding fiscal reporting period." Percentage of sales method is a good way to see an estimate for bad
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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bombing occurred in Nagasaki‚ Japan. These bombings of Hiroshima and Nagasaki not only changed the physical and emotional health of the Japanese people‚ they also changed the world. In my essay‚ I’m going to be discussing in what ways the dropping of the atomic bombs was significant and which of these is the most important My first paragraph is going to be about the massive impact the atomic bomb had on Japan itself. When the atomic bomb was dropped on Hiroshima and Nagasaki around 700000 Japanese
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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