An Archive of Impeccable Accounting Answers : Page - 3

Course Code   :  BE210

Course Title   :  accounting

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Question 1 (40 marks) 1.The system of preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called: A.Cash basis accounting. B.Operating cycle accounting. C.Accrual basis accounting. D. Revenue recognition accounting. 2.During a period of steadily rising costs, the inventory valuation method that yields the highest reported net income is: A. Specific identific...

Course Code   :  HRM732

Course Title   :  introduction to financial and management accounting

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Ron Abrams has come into your office for his weekly 1 on 1 in which you update him on your weekly progress on your projects. He has arrived with a stack of paperwork in his hands and a befuddled look on his face. You ask what’s going on and he responds as follows. “Last year, as you know, we purchased a bankrupt, closed down bottling facility in The Ukraine. I don’t know if you know this but in countries other than Canada th...

Course Code   :  ACC302

Course Title   :  auditing and assurance

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The TMA covers Principles of Auditing & Other Assurance Services. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended to assess students’ understanding of some of the learning points within chapters 1 to 5. This TMA requires you to apply the course concepts. Increase the students’ knowledge about the reality of Auditing as a profession. Assess students’ understanding of key...

BackgroundDelicious Chocolate Company (DCC) has been developing decadent Italian chocolates, and retailing them in boxed formats, for several years. DCC has to date been profitable enough to satisfy its joint owners, Emanuela and Raffaele. They have no intention of taking on the larger brands in the future, but they realise that DCC needs to shake off its present “artisan” image and expand significantly over the next 5 years, whi...

Course Code   :  ACCT101

Course Title   :  Principles Of Accounting

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Historical Overview of Kendall Square Research CorporationKendall Square Research Corporation (KSR) was founded in 1986 by Henry Burkhardt III and Steve Frank, another computer designer. KSR was the third computer company co-founded by Burkhardt—the first two having been Data General Corporation and Encore Computer Corporation. At KSR, Burkhardt chose a radical design for a supercomputer that would make the machines attractive for both gov...

Course Code   :  ACC210

Course Title   :  Accounting for Decision Making and Control

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Sales and Production Budgets for Jaka Sdn Bhd1 Jaka Sdn Bhd., manufactures and sells concrete blocks for residential and commercial building. Jaka expects the following sales unit, price per unit and desired ending inventory for year 2021. Inventories for both 1st January 2021 and 1st January 2022 are expected to be 100,000 blocks. The raw materials and direct labour required for each concrete block are as follows: Jaka’s poli...

Task: In a memo, please respond to Alan, president of BBCC, on the following issues: 1. Activity-based costing a)Prepare an activity-based costing analysis of each product (The-Bar, Alamonde and Salt-Lick) using the information provided from Exhibit 6 and the 20X7 actual costs incurred (Exhibit 4). The analysis should consist of a partial income statement showing sales and manufacturing costs (including direct materials anddirect labour) for e...

Background and Objectives"The mission of the International Accounting Standards Board is to develop, in the public interest, a single set of high-quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS) based upon clearly articulated principles.” "The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting reporting for the gui...

Course Code   :  ACCT101

Course Title   :  Acct And Financial Report

Ref style  :  Chicago

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Porsche's Currency Hedging StrategyWrite 2-page, double-spaced, answering the questions in the file below. Your analysis for the case should be from all different angles but make it concise and straight to the point.Please type your answers immediately below each question.You may attach exhibits to support your arguments. BMW says that its decisions on where it locates production are driven by market needs, not currency considerations. Ye...

About TMAThe TMA covers the financial accounting concepts and practices in the businesses. It is marked out. It is intended to assess students’ understanding of some of the learning points within Book. This TMA requires you to apply the course concepts. Increase the students’ knowledge about the reality of the accounting as a profession. Assess students’ understanding of key learning points within Books. Develop the ...

Course Code   :  ACC300

Course Title   :  Accounting Information System

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XBRL Assurance ObjectivesIt is expected that investors and other financial statement users will ultimately demand some assurance from an auditor or external party on a firm’s use of XBRL Discuss that statement showing the XBRL possible assurance objectives. IT projects require large amounts of capital and selecting one project often means foregoing others. Furthermore, IT projects often involve changes in business processes that will af...

Course Code   :  B124

Course Title   :  fundamentals of accounting

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Part 1 – Answer the following questionPart 1 – Answer the following question A- The following working paper shows the unadjusted and the adjusted trial balance for Farah Company as of December 31, 2019. 1- Prepare the adjusting entries that have been made in Farah Company. (11 Marks) 2- Explain the differences between the adjusting entries and other journal entries. Also, explain why adjusting entries are needed. (3 Mar...

Course Code   :  ACC302

Course Title   :  Principles Of Auditing And Assurance Services

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Task The TMA: The TMA requires you to: 1.Review various study chapters (from Chapter 1 to 7) of ‘Principles of Auditing & Other Assurance Services’ Book and apply some of the concepts within it. 2.Conduct a simple information search using the internet. 3.Present your findings in not more than 1,500 words. The word count excludes headings, references, title page, and diagrams. 4.You should use a Microsoft Office Word and Ti...

Part OneQuestion I (30 marks) Salma started Bag Zone in Riverside with the goal of providing good quality handbags. Unique designs and utilizing uncommon materials for the making of the handbags is her competitive advantage, and completed products can be wholesaled to fashion retailers or placed on consignment in local retail shops. Additionally, the handbags can also be sold directly to consumers by displaying the products at fashion or craf...

Beacon Limited - Acquisition of Investment PropertyQuestion 1 (Marks: 20)Beacon Limited has approached you to provide accounting services to their company. On 1 July 2017 Beacon Limited acquired two Buildings. Building 12 South Road and Building 20 North Road. Building 12 South Road will be used as Beacon Limited’s head offices while Building 20 North Road has been purchased with the intention to lease out and earn rental income.The buil...