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This assignment has a management accounting orientation. It draws on management accounting topics which include budgeting, sensitivity analysis, cost volume profit analysis and decision-making.
The Annual Report Project (ARP) is intended to provide real-world example of the accounting and financial reporting principles. Specific purposes of the project is to demonstrate types of financial st
Create the worksheet essential to produce consolidated financial statements of Silvio Corporation and its subsidiary for year ended December 31, 2013.
Explain what is meant by sustainability reporting and why a publicly listed insurance Company like Fortune Wizard may adopt this approach.
Compute the average cost per patient-day for Finkler Residential Treatment Facility at the volume of 25,000 patient-days and at 30,000patient-days.
In 2011, Micah Johnson (SSN 000-22-1111) incurs unreimbursed employee business expenses. Compute Johnson's expense deduction and fill-in 2011 Form 2106 (Employee Business Expenses) based on actual au
Ratios are used for many reasons; performance measurement is one such application. Though, not all performance measures are expressed as the ratio. Do some research on Internet to learn about operat
Prepare the business Income Statement for the period.
Explain cash-flow statement. Describe the goal of preparing the cash-flow statement. Differentiate between investing activities and financing activities.
Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. Compute new BEP and sales to earn present level of
What do you meant by the term capital structure? Describe the theories of capital structure in short.
What do you mean by the term cost sheet? State its major components. Make a cost sheet with imaginary figures.
How is residence of assesses determined? Describe tax liability on the basis of residence.
Discuss different ratios that are used to assess the financial soundness and efficiency of any company.
Trial Balance is not a conclusive proof of the accuracy of the books of accounts. Describe this statement and explain the errors which are not disclosed in spite of the agreement of trial balance.
Define the term costing and cost accounting. Describe the main advantages of cost accounting.
What do you understand by the term exempted incomes? Which kinds of exemption does income tax Act gives to incomes?
As per which concept are the business enterprise and its owner treated as two separate entities?
‘Accounting Equation is true beneath all circumstances’. Justify this statement with the help of five examples.
‘An auditor is a representative of shareholders and as well an officer and an employee of a company’. Do you agree? Discuss the rights and responsibilities of an auditor.
Describe the significant methods of valuing goodwill. What would be the treatment of goodwill at the time of retirement or death of a partner, when: a) Goodwill doesn’t appear in books. b) Goodw
If you are F-M’s CEO - write the short report as to what will you present to your only shareholder (FGH) regarding whether F-M is on track to attain FGH’s business plan. In particular,
Bickering Ltd Income Statement for the year ended 30 June 2012 Sales (credit), 636,100 LESS Cost of sales (411,500. Prepare a reconciliation of profit to net cash flow from operating activities.
Make two contribution income statements, one showing what profits would be under Jon Michael’s proposal and one showing what profits would be under Mary Wilkinson’s proposal.
Describe the conceptual errors, if any, made in preparing the income statement.