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Summative discussion board
Summative discussion board
Introduction
For every business accounting plays a vital role. Size of the business does not matter; every organization is using most or few of accounting practices according to their needs. The importance of accounting for business lies in analyzing the financial position of the business and its ...
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STRATEGIC MANAGEMENT ACCOUNTING
Strategic Management Accounting
Strategic Management Accounting
Introduction
The concept of Strategic Management Accounting has a lot of value in the business world. The role of Strategic Management Accounting has increased a lot over the past several years because of its association with the important decisions. There are many strategic accounting ...
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Methods of Inventory Valuation
Methods of Inventory Valuation
Introduction
The accounting for the merchandise inventory most commonly deals with the determination of the cost of goods sold and takes into account the overall ending merchandise inventory. It has to be kept in mind that merchandising inventory is in some ways different from ...
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Accounting - Auditing
Accounting - Auditing
Type Of Asset Misappropriations And The Factors That Contributed To It
Asset misappropriation schemes incorporate frauds that involve the trickery or deceit of perpetrator for stealing or misusing the assets or resources of an organization (Albrecht, Kranacher, & Albrecht, n.d). The case of asset misappropriation that I ...
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PRODUCT COSTING SYSTEMS
Management Accounting - Business Report (Fresh Soups Heaven Limited)
Executive Summaryii
Introduction1
Discussion2
Part A - Calculations for Costing System3
Monthly Budgets (July 2011- June 2012)3
Sales Budget3
Production Budget4
Direct Material Cost5
Direct Manufacturing Labour Cost6
Manufacturing Overhead Costs6
Total Cost and Unit Cost for Each Product8
Plant Wide Costing8
Department Wide Costing9
ABC Costing9
Budgeted COGS and Income Statement10
Plant-wide Costing System10
Departmental ...
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MAKING CAPITAL INVESTMENT DECISIONS
Making Capital Investment Decisions
Making Capital Investment Decisions
Introduction
Capital Budgeting techniques are used by investors and managers when they are proposing a feasibility of the project which is in the pipeline or planning process. There are several techniques for appraising a capital investment. It depends on the ...
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ACCOUNTING ANALYSIS
Accounting Analysis
[Name of the Institute]
Accounting Analysis
Introduction
Accounting is recognized as a language of business. Accounting therefore is the means of providing information about the financial performance of an organization. However the accounting function, purpose and its role is not limited to the world of the business only. Accounting is also ...
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IFRS ADOPTION
The Accounting Quality after Mandatory IFRS Adoption
The Accounting Quality after Mandatory IFRS Adoption
Introduction
As per the topic of the assignment, I have selected two recent articles on the above topic which discusses about the accounting quality at different firms after the adoption of IFRS (International Financial Reporting Standards). In ...
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Assessment Task 2- Report
Assessment Task 2- Report
Question-1
Statutory Requirements for Tax
The statutory requirements that are being provided as far as tax liabilities are concerned are many and they can be listed follows:
General sales tax is being levied on all the products of Houzit limited. There is some leeway and ...
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Week 9 e-activity
Week 9 e-activity
The lease exposure draft is one of the several convergence projects that are currently under consideration of Financial Accounting Standard Board (FASB) and International Accounting Standard Board (IASB) in order to make the United States GAAP more comparable to International Financial Reporting Standards (IFRS). According to ...