Rating
ACCOUNTING/TAX
Accounting/Tax
Accounting and Tax
Introduction
Relationship between accounting principles and practice standards and tax determination was a big issue. The FOREX legislation performed requiring trading business to go behind SSAP20 for the purpose of tax. According to the institute for fiscal studies, the forecasted UK government income taxes are £ 157.6 billion in ...
Rating
ACCOUNTING REGULATION
Accounting Regulation
Accounting Regulation
Introduction
Accounting information disseminated by the company nurtures numerous decisions, is not only economic but also political. Some of these decisions are far reaching. The highest degree the different groups affected by these rules: companies, audit firms, state, stock market investors, banks and other users.
The term 'normalization' and ...
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Professional Gambling
Professional Gambling
How Losses Are To Be Treated
Gambling losses are deducted by taxpayers only to the degree of gambling gains. Even if the taxpayer is in the business or trade of gambling, he is obliged to follow this rule. When it is about gambling losses deductibility, all types of gamblers ...
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Accounting - Analysis
Accounting - Analysis
Scenario 1
Increase average selling price by 20%. This increase is expected to lower sales volume so that total sales will increase only 5%.
Data:
Family Department Store
Income Statement
For the Year ended December 31, 2013
Net Sales
$ 700, 000
Cost of Goods Sold
$ 553, 000
Gross Profit
$ 147, 000
21%
Operating Expenses
Selling ...
Rating
M&S
Marks & Spencer
[Instructor's Name]
Marks & Spencer
Introduction
Marks & Spencer plc, well-known retailers in the UK is home to over 700 stores in 34 countries are places where the company sells all the clothing, food brand San Miguel, and another 300 stores in the UK since the beginning, the main target of the ...
Rating
Earning Management
DatePresident Kappeler, CEOKappeler Corporation,125 Wall Street,Middleton, Kansas 67458.
Dear Mr. Kappeler,
I have good news and bad news about the financial statements for the year ended December 31, 2010. The good news is that net income of $100,000 is close to what we predicted in the strategic plan last year, indicating strong performance this year. ...
Rating
Cash Flow Analysis
Cash Flow Analysis
Earning Management
Earning management is the process of accounting by which reported earnings are manipulated by the managers in order to get some gain. Regulators and Investors are always using Generally Accepted Accounting Procedures in order to find out the earning of the company. Earning management has ...
Rating
MANAGEMENT ACCOUNTING
Management Accounting
Management Accounting
(a)
Day Books of D. Luxe
Date
Particulars
Debit
Credit
2-May
Cash
192
Bed Sheets
192
3-May
Cash
680
Multicolor bath towel
280
tartan towels
190
flowered guest towels
210
4-May
White house
650
Cash
650
5-May
flowered guest towels
35
Cash
35
8-May
large pillowcases
75
Cash
75
9-May
Cash
82
cushion covers
72
table napkins
10
11-May
damask tablecloths
200
Cash
200
12-May
Cash
7.5
large pillowcases
7.5
15-May
velvet curtains
264
Cash
264
16-May
gauze
400
Cash
400
18-May
cash
120
edged mats
120
19-May
cushion covers
180
cash
180
22-May
Cash
9
cushion covers
9
24-May
box of mixed tea towels
140
140
cash
26-May
Cash
660
duvets
450
covers
210
30-May
duvets
75
covers
35
Cash
110
(b)
Cash - ...
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Cost Accounting
Cost Accounting
Introduction
A cost system is a set of procedures and techniques for calculating the cost of various activities. This part focuses on the Cost Accounting job order costing of manufacturing company caterpillar Inc.
Discussion
Job order costing is usually used for products that are customized. For this, Manufacturing and Construction ...
Rating
ACCOUNTING
Cost Accounting
Cost Accounting
Introduction
Costing is important to ensure that all an organisation's costs are recognised in the cost of its outputs, to ensure that prices can be set at a level that covers these costs and returns a profit. In any situation more complex than a single-product firm, it is ...
