Answer
Accounting
1 Prepare a monthly operating budget for the first quarter with the following schedules. (Note: Assume that there is no change in work in process inventories.) a Sales budget b Production budget c Direct materials purchases budget d Direct labour budget e Overhead budget f Selling and administrative expenses budget
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Company name is COMMONWEALTH BANK You MUST: Obtain a copy of the last Financial Statements including Income Statements, Balance Sheets, Statement of Changes in Equity, Cash Flows Statements and Notes. You can download these documents from the suggested web site using the firm’s code (example, BHP- for BHP Billiton Company, etc). 1. A description of the company (Part 1) – 2% 2. Identify your company (in terms of the ownership-governanc...
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Part A: Theoretical Knowledge i. Undertake a review of literature to explain why corporate social responsibility is gaining heightened importance for firms operating with financial objectives. (5 marks) ii. Explain whether sustainability reporting in contrast with relevant other reporting concepts represents a holistic view of corporate social responsibility. (6 marks) iii. Identify and explain two theories that better explain the es...
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Task Background Assessment Task 2 is Fermi Problem. In Strategic Management we are using the Fermi Problem to demonstrate quantitative numeracy skills. Students will, with limited data make effective, and approximate calculations to model the efficiency of an organisation. This is a synthetic study, and there is no right or wrong answer to the Fermi Problem, however some answers may be proven to be more detailed and accurate than others. Task Pur...
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“In a perfect world, investors, board members, and executives would have full confidence in companies’ financial statements. They could rely on the numbers to make intelligent estimates of the magnitude, timing, and uncertainty of future cash flows and to judge whether the resulting estimate of value was fairly represented in the current stock price. And they could make wise decisions about whether to invest in or acqui...
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Part A Select the latest annual report of two ASX listed companies for the last three years period. Please read the balance sheet carefully and complete the following tasks: (i) What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. (ii) Explain the movement in each item recorded under the owner equity section with the reaso...
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Learning Outcome Statement (LOS): At the completion of this case learners should be able to demonstrate their knowledge of cost-volume-profit (CVP) analysis through the application of relevant case facts in determining a firm’s fixed and variable costs. Learners should also be able to distinguish between sunk and marginal costs and operating and capital costs. In addition, learners should be able to develop a cash flow statement...
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Part A Select the latest annual report of two ASX listed companies for the last three years period. Please read the balance sheet carefully and complete the following tasks: (i) What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. (ii) Explain the movement in each item recorded under the owner equity section with the reaso...
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You task is to prepare a 4-5 minute Voice over PowerPoint presentation to be provided toall clients still using traditional systems. Sam has indicated that he would like youundertake some research to address the following in your presentation; 1. In the context of STP, why is it important that clients transition their business to a cloud accounting system? 2. What are some of the benefits to clients in moving from a traditional to a cloud accou...
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Prepare a report to the Managing Director to evaluate the processes, risks and internal controls for its expenditure cycle. In your report, you need to include the following items: System flowchart of purchases system System flowchart of cash disbursements system System flowchart of payroll system Description of internal control weakness in each system and risks associated with the identified weakness
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