Balance SheetThe aim of the assignment is to function as both a review of tools used to date and provide additional practice of the tools introduced to date. How are you doing? Feeling like you have got a decent strength in the finance area? Then we are ready to proceed and apply the skills further. This assignment consists of four parts and includes 9 questions you are required to respond to. Read the instructions carefully and r...
The Evolution of Prudence in Financial Reporting and Its Relationship to Biases and Conservatism The concept of prudence and its use, or non-use, in financial reporting has been the cause of much angst and the subject of swirling debates in recent years. Outside of accounting and legal circles, prudence, like so many other words of another era, is a descriptor, if not a concept, on the wane. It refers to the exercise of good judgment, ...
TaskMost of our cases will involve some form of role-playing. In other words, they won't be student-to-teacher case write-ups. In this case I am also playing a role. I am Chairman of ABC-VC, a venture capital firm that has invested in WesternGraphics (Western), a small San Jose software firm who develops and sells computer games. I am concerned about the propriety of the proposed accounting treat described below. My thinking is that it may b...
Requirement 1 (30 marks)Singapore Airlines This project aims to test your understanding of the management accounting concepts taught in the course and ability to apply them to analyse business issues. In real life, you will not have complete and unambiguous information to make decisions and therefore you will have to make assumptions in your analysis. E.g. assumptions on how much of an expenditure is variable, appropriate cost of capital, et...
Relationship of Public Accounting Firm vs. Internal Auditing StaffQ1 A.Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also maintains an internal auditing staff. Explain briefly how the relationship of the public accounting firm to Spacecraft differs from the relationship of the internal auditing staff to Spacecraft. B.Feller the sole owner of a small hardware business, has been told that t...
Question 1 (20 marks)Question 1 (20 marks) The Sugar Ant Bakery uses the high-low method to estimate its cost function. The information for 2021 is provided below: Machine-hours &n...
Task1. Apply key International Financial Reporting Standards (IFRS) requirements and evaluate given accounting treatments for compliance with IFRS.2. Provide explanations, in a *professional context, for current accounting practice in accordance with International Financial Reporting Standards. (IFRS).3. Prepare elements of single- entity financial statements and provide explanations of current accounting practice in accordance with IFRS.4. ...
Question 1 - End-of-Period Adjustments and Financial StatementsQ1 A- Farah Youssef operates as a sole trader. Below is a trial balance extracted from her books as at 31 December 2020. Additional information is provided for use in preparing the company’s adjustments: 1The value of closing inventory is £102,500. 2On December 1, Farah Company borrowed £100,000, at 6% annual interest, from the National Bank. Farah Company h...
PGBM146 Sessi on 2 – Semina r Preparation an d Questions Seminar wo rkshop – 2 hours [Case Study]: Birmingham Internation al Airport (BIA) Q1 – (a) Identify what the overall mission of Birmingham International Airport is from the case study (b) Identify and debate what/how this mission can be achieved (c ) How would you know if the mission is being achieved? Q2 – Identify some of the micro-operations to be found at the airport. ...
PGBM146 Value Creation in Organisations-Managing Operations and Marketing Operations Management Session 1 – Seminar Preparation and Questions Semin ar work shop – 2 ho urs [Ca se Study]: De sign House Partnerships at Concept Design Services (C DS) Q1 – Why is operations manageme nt important in CDS? Q2 – Draw a Process Map block diagram of the CDS’s Operations Q3 - Draw a 4 Vs profile for the company’ s pr...
Research Questions1. What are the benefits of forensic accounting?2. How does forensic accounting detect fraud in an organization?3. Can forensic accounting help to prevent fraud cases in an organization? Clarity: You are expected to clearly state why you have chosen your topic. Academic: You must provide a fully referenced academic justification for the project (e.g.: the issue is under-researched, requires updating, is a new use of theory...
The Proposed Financial RestructuringUse the following information to answer questions 1-4 BW plcâs finance director is considering a change in the companyâs financing policy. Â The company has always relied entirely on equity finance but it is now assessing the likely implications of a share buy back to be financed by a bond issue. Â The companyâs shares are trading a...
History and Growth StrategyCoursework Assignment As part of this module, you are required to produce a 3000-word report, which is 30% of MM258 Assessment. Business Background Bandon Group is a US family owned distributor of copiers, electronic printers, faxes, and other office equipment. The company was started by Bud Bandon, who bought a copier dealership in Phoenix in 1977. Through Bud's entrepreneurial skill, motivat...
Question No. 1Question No. 1 The Company planned to produce 25,000 units of product and work 100,000 direct labour hours in 2020. Manufacturing overhead at the 100,000 direct labour hours level of activity was estimated to be:Variable manufacturing overhead $ 700,000Fixed manufacturing overhead 300,000Total manufacturing overhead $1,000,000 At the end of 2020, 26,000 units of product were actually produced and 107,000 actual direct lab...
Questions: Part AQuestion 1 Impairment of assets (9 Marks)I. Aero Ltd has determined that its aviation division is a cash–generating unit (CGU).Information as at 30th June 2020 is as follows:$Buildings – At cost 600,000Equipment – At cost 500,000Inventory 25,000Land 250,000Receivables 150,000Goodwill 90,000Total 1,615,000 Additional information:Buildings - Accumulated depreciation as at 30 June 2020: $100,000 Equi...