Advanced Financial Accounting

Task Instruction Use the case approach and write a memo to the Vice President, Finance. Your memo should include Address to Controller, Introduction, Root Issues, Analysis and recommendation supported by all calculations. For more clarity, you are required to allocate the costs to products and calculate the profit by products. Introduction The purpose of this report is to inspect and evaluate the existing costing system in order to ensure t...

Course Code   :  B326

Referencing Styles  :  Harvard

4/5 

Question : About TMA: The TMA covers the advanced accounting concepts and practices in the businesses. It is marked out of 100 and is worth 20% of the overall assessment component. This TMA requires you to apply the course concepts. The TMA is intended to: Assess students’ understanding of key learning points within chapter 1, 3, 4 and Increase the students’ knowledge about the reality of the advanced Accounting issues. Devel...

Questions: Question 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 building on 20 North Road, cost R1 700 000 to ...

Answers:- Answer 1: - Scope Statement: - The focus of the Toastmasters International is to assist their contributors enhance their management and verbal exchange skills. They try this with the aid of using working towards and receiving remarks from contributors. A vital part of the project is defining and dealing with the mission requirements. Requirements are the com...

Course Code   :  ACC618

Referencing Styles  :  APA

4/5 

Questions: Major Case Study  Waste Management In six to eight pages, supported by evidence from your text and from other research (at least two resources are required), answer the following questions: • Characterize the ethical leadership at Waste Management and how it influenced organizational ethics. • The SEC charged Andersen with failing to quantify and estimate all known and likely misstatements due to non-GAAP practices...

Questions : 1.    This topic includes:2.    the business cycle3.    profit versus cash4.    the three core financial statements: the Cash Flow Statement, Income Statement and the Statement of Financial Position5.    the accounting equation6.    financial frameworks. Lesson 1  Financial accounting: an overview and first thoughts •    1.2 Introduction to Topic 1Pag...

Question: Short Multiple Choice Questions.  1. Which of the following has primary responsibility to develop Generally Accepted Accounting Principles?a. Financial Accounting Standards Board.b. Company Executives.c. Securities and Exchange Commission.d. Public Company Accounting Oversight Board. 2. Which of the following has the legal authority to determine financial reporting in the United States?a. Financial Accounting Standards Board.b...

Question: Health Management Inc. Introduction Clifford Hone had a problem. His company had come up short of its earnings target. For the fiscal year ended April 30. 1995. financial analysts had projected that Health Management. Inc. (HMI). I). a New York-based pharmaceuticals distributor. would post earnings per share of $0.74. Following the close of fiscal 1995, Drew Bergman, HMI's chief financial officer (CFO) informed Hone, the company's fo...

Part A 1) Users of accounting information The textbook, Smart, Awan & Baxter, p. 21 lists the following seven stakeholders who have an interest in accounting information:• owners and investors• managers• creditors and lenders• employees• the government• unions• the general public. a) Explain the meaning of ‘stakeholder’. b) For each of the first five listed stakeholders above (i.e. excluding u...

Course Code   :  ACCT433

Referencing Styles  :  Not Selected

4/5 

Task Case Study Is Prudence Still a Virtue? 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, informed by intelligence and good character. Pru...

Questions: "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 guidance and educ...

Course Code   :  ACC505

Referencing Styles  :  APA

4/5 

Questions: COURSE PRE-REQUISITEThe only formal prerequisite for this course is twofold: (1) to have an understanding of the principles of accounting and (2) to have read as a warm-up session the delivered material entitled “Reading 23: Financial Reporting Mechanics” and to focus on reviewing the accounting process (from page 49 to 62). The course makes use of basic algebraic and statistical manipulations.Some basic familiarity with Excel w...

Revenue recognition The student will conduct a research project examining some aspect of financial accounting theory that is currently being debated in the accounting and business world. The topic for this assignment is Revenue recognition. You are required to search for journal articles in professional peer-reviewed accounting and business journals that pertain to your individual financial accounting theory topic. You are required write a paper ...

 This project requires you to evaluate a PC-based accounting system to see how the system handles recording transactions, collecting data, and generating reports and information. The accounting system you use is up to you. Several suggestions are given below. STEP 1. Select the Software Package QuickBooks STEP 2. Explore the Software Check to see if the application has a tutorial that demonstrates some of the features of the application, a...

Course Code   :  ACC3017N

Referencing Styles  :  Harvard

4/5 

Questions: To Identify The Principles Of Corporate Governance. To Explain The Mechanisms Of Corporate Governance. To Understand The Definition And Structure Of The Board Of Directors. To Find Out The Role Of The Board Of Directors. Answers: Introduction An important place has been acquired by the corporate governance in the conduct of corporate sector at the global level and the concept of corporate governance is increasingly considere...

Task: I. Explain the env iroranent and importance of management accounting; 2. Discuss marginal costing and absorption costing systems and their. Importance; Prepare accounting informal ion from the beginning to the completion of the accounting cycle: E (eradiate between job-order costing and process cost ins, and their tses AnW B3 Use management accounting techniques or analyses to assist managemeR In making decisions.  This course is divide...

Course Code   :  MGT100

Referencing Styles  :  APA

4/5 

Part A1) Users of accounting informationThe textbook, Smart, Awan & Baxter, p. 21 lists the following stakeholders who have an interest in accounting information:owners and investorsmanagerscreditors and lendersemployeesthe governmenta) Explain the meaning of ‘stakeholder’.b) For each of the five listed stakeholders above, state:i) a specific decision that the stakeholder would make, that would require accounting information befor...

Course Code   :  BUSMAN703

Referencing Styles  :  APA

4/5 

Questions: Instructions To prepare for this assessment you will select a listed company from an Aotearoa New Zealand context and an Iwi/Māori organisation to use as case studies.    Using your selected case studies your report will also critically analyse differences in financial decision-making considerations for Iwi/Māori and New Zealand organisations. Two companies are Otago polytechnic (non iwi) and Te wananga o Raukawa (iw...

Questions: Q1 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 the business should have its financial statements ...

Course Code   :  FINA3311

Referencing Styles  :  Harvard

4/5 

Questions: General Instructions •This final assignment must be done individually. •This final assignment must be submitted online through EGSM LMS   Presentation Of Final Assignment •You must include a cover page that lists your name, Student ID and the unit number and title. •Number all pages sequentially. •Any published material you refer to must be properly referenced (Harvard Referencing) and included in...

Course Code   :  BUU44530

Referencing Styles  :  Harvard

5/5 

Questions: Learning outcomes assessed in this assignment:  Appraise and apply the regulatory framework of financial reporting    Analyse and research International Accounting Standards.  Assignment Brief International Accounting Standard (IAS) 16 Property Plant & Equipment and IAS 38 Intangible Assets both deal with Non-Current Assets in the Financial Statements.    1: Required: Distinguish between the...

Question: Scenario You are working as a junior accountant for a retail group reporting to the Director of Finance. The Director of Finance needs to produce a leaflet for new members of the Board as part of an induction pack. They are experts in a range of business fields but have limited financial knowledge. The Director of Finance has asked you to prepare a first draft of the leaflet for his further consideration.  Task 1 The leafle...

Course Code   :  BBOA3010

Referencing Styles  :  Chicago

4/5 

Question: Accounting Processes Company Background Scallion Ltd began business on 1 July 2019, specialising in the purchase and supply of packaging materials. An accounting system was designed and a chart of accounts was established.The business uses the periodic inventory system and is registered for GST at the rate of 10%. The company also employs two office staff who work a five-day week from Monday to Friday. One office staff member is r...

Task: Answer any FOUR questions from Section A. Question 1 Pudding Ltd has two group companies, Cream Ltd and Custard Ltd. The income statements for Pudding Ltd, Cream Ltd and Custard Ltd for the year ended 31 December 2019 are given as follows: Required:Prepare the consolidated income statement for Pudding Ltd for the year ended 31 December 2019, showing retained earnings brought forward, dividend expense and retained earnings carried forwa...

Answers: Introduction The report aims to evaluate the concept of the vertical sector - smart campus. The architectural design related to cloud computing and digital campus correlates with the vertical sector. It has been located in an innovative campus where 5G, IoT, cloud computing, and MEC have been developed and deployed (Jurva et al., 2020). The intelligent campus is widely connected with the cloud computing network, which provides s...