Accounting : Page - 11

What is Activity Based Costing?Activity based costing may be defined as one of the concepts which is being used by the cost and management accountants in their day to day operational activity to allocate the indirect cost of the business processes to different activities, divisions and products as the direct cost is generally allocated in the ratio of the sales of the company. It is one of the widely accepted costing technique in the industry ...

Benefits and drawbacks of standard costing techniquesThe main motive of this report is to analyze that how the tool of management accounting helps in attainment of growth as well as success for an organization. In this report, two articles have been taken into consideration for the correct use of the standard costing so that the correct results for same can be revealed. Also, different questions are taken into consideration which has to b...

Inventory Management and Optimal OperationsInventory management is major part for logistic operations as the decisions made with regard to storage area, stock levels and order quantity that has considerable impact on cost of inventory and risk of being out of the stock. Further, it is associated with timely replenishment of operations, availability of shelf and relationship with the customers. Optimal method of inventory management controls ...

The Fiedler Contingency ModelAccording to the Contingency theory, there is no best way to lead an organization. Instead, the action that is to be taken is contingent or dependant on the internal aspects and external aspects of a situation (Uhl-Bien et al., 2014). The Fiedler Contingency Model was developed in 1958 by Professor F.E.Fiedler in his work ‘Leader Attitudes and Group Effectiveness.’ According to Professor F....

False Assurance and Its Role in TrainingIn this assignment three parts and several topics based on accounting of Quintis Ltd will be introduced. As per Part a few answer will be introduced by the help of a video called false assurance and respectively Quintus financial collapse will explained in following Part B. This following article is a research based assignment which has three parts. In following Part C, a brief conclusion about whole l...

Projected Sales                   Product Q1 Q2 Q3 Q4 Azu 6000 7000 8000 9000 Ranna 5000 5500 6200 6800 Selling price per unit Azu  $      125  $      125  $  &nb...

The role of assets in hotel managementAccording to Campbell, Jardine and McGlynn (2016) Asset Management is the method of maintaining and effectively utilization of assets of the company. The primary role of assets in hotel management is all about earning revenue and proper utilization of the assets. Where tangible assets usually has a bigger impact on the working of the hotel industry, intangible assets often plays crucial factors in determin...

Organizational Strategies of UberThroughout this report, you will find a comprehensive analysis of the organizational strategies that lie within Uber. This report is written concerning the issues raised surrounding the underpayment of Uber drivers whereby a negative outlook and work environment is created. Uber is a privately-owned company that continues to expand exponentially worldwide founded in March 2009 by Travis Kalanick and Garrett Cam...

Areas of Operation for AMP LimitedThe major business that is carried out by AMP Limited is in relation to the financial services like Capital Management, Wealth Management, life insurances, etc. It has also been observed that the inefficiency of the organization in the maintenance of the internal control system has read it too face various legal issues. The goodwill and reputation of the company have fallen down because of the errors and fraud...

Findings and AnalysisCrowdfunding has become a popular technique of raising money for special projects, ideas including events. The concept grew by leaps and bounds in the last couple of years due to the upward trajectory of the start- up culture across the globe. Thus, a wave of organization including funders have come together to help build the momentum of the start-up culture. Crowdfunding is of great importance to people who have brilliant...

The Importance of Management AccountingThe Management Accounting, for any organisation, is an important aspect in the financial system which helps manage and evaluate the business performance effectively. It facilitates the effective decision making through the collection and reporting of internal financial information. Long and short term strategic decisions can be made by the owner of any corporation timely by the critical evaluation and ass...

Preliminary Analytical Review Introduction An audit planning (ASA 300) report has been prepared for one of the small companies. The trial balance of the entity has been given and based on the same the preliminary analytical review has been done. As a part of the audit procedures, the materiality level has been determined and also the common size income statement and the trend analysis has been prepared for the 2 given years to find out the m...

KLZR LIMITED Statement Of Profit/Loss And Other Comprehensive Income Particulars Notes  Amount Sales revenue                       9,97,000 Dividend revenue                 &n...

Discussion and AnalysisThe company, which has been selected for analysis, is Vision Investments limited. It is one of the companies situated out of Fiji and is listed on the South Pacific Stock Exchange. The company has had a presence of many years in Fiji and the Pacific and is one of the most reputed companies and the market leader in electrical, consumer electronic, furniture and other durable home goods and the company is into consumer fin...

Background of the Case Study Audit Assertions are the representations made by the management about the various items and information contained in the financial statements. These representations are about the recognition, measurement and presentation of financial data. They are also known as Management Assertions and Financial Statement Assertions (Alexander, 2016). Depending on the item to which it relates to, these assertions are clas...

The concept of Social ResponsibilityThe term social responsibility refers to the social activities done by the company as a part of their social corporate responsibility and the same benefits the society at a larger section. The social responsibility activities of the company involve investing some portion of the company’s profit into the social activities and overall development of the society. The social responsibility is an importan...

Challenging network for running multiple applications reliablyIn this paper an overview of distributed messaging system is provided. The conceptual design of the process is carried out by explain the details of a project in detail. Distributed messaging system is a challenging network as it allows many applications and operations to run together in a reliable way. Conceptual design phase is an important as well as early phase of design pr...

Overview of the Greater Sydney CommissionCommittee for Sydney is an institution deeply interested in the future of cities. Sydney is being reshaped under the leadership of Arcadis, a member of Committee for Sydney. It has changed the expectations of people regarding autonomous vehicles (AVs) and the change they’ll bring in the cities. These autonomous vehicles are going to have a great impact on the everyday life. They’ll be ab...

BackgroundIt is needed for the business organizations to comply with the required accounting standards and regulations in the process of financial reporting. In this process, it is their responsibility to consider the revised accounting standards and regulations in different aspects of financial reporting (Nobes 2014). In Australia, the Australian Accounting Standard Board (AASB) has introduced the new and revised lease standard that is AASB...

Introduction to ACFS LogisticsACFS is considered to be one of the largest privately-owned container logistics operators in Australia. Here, the facilities are generally seen to be located in the different port locations with maximising the quick and the efficient utilisation of wharf. It works with western facilities in Sydney and Melbourne, where the company is also focusing on using compliments for diversified clientele based metropolitan ar...

About Sun Wukong1. Any company that provides taxi- services to customers need to recruit their drivers by carrying out a background check on them. Sun Wukong, before hiring drivers can utilize technologies used for recognitions and processing of such as form, passport, credit card, invoice, MICR, OCR, OMR, ICR, BARCODE and many more (Gowda & Gopalakrishna, 2015). These forms are of various sizes and shapes as well as uses. LEADDTOOLS has v...

The Differences between Management Accounting and Financial AccountingManagement accounting is significantly different from financial accounting. Financial accounting is more concerned about the reporting aspect from a compliance and regulatory point of view whereas management accounting is mostly related to planning, cost management and decision making. An analysis of historical data is done mixing it with future projections to come up with a...

Description of PentalActivity-based budgeting is a budgeting framework that is designed to manage the company’s overheads and create greater transparency in the budget processes. This report brings out the practical implication of Activity-based budgeting in the organisations. The organisations have been experiencing elimination of wasteful resources by using this method. Moreover, the companies have abandoned following the traditional m...

Explanation of TheoriesThis study mainly focuses on the accounting theory along with its importance in different business organizations. Generally, companies are developing their financial background to provide quality products in the market. At the same time, appropriate finance or accounting is helping organizations to measure and control the cost, which assists in making a reasonable profit from the market. Through the study, two theories h...

Cash Flow from Operations Computation of cash cycle (JB Hi-Fi) Cash show statement (JB Hi-Fi –Annual Report FY2017) Cash flow from operations – A significant increase in the cash flows generated from operations is apparent in FY2017 which is the result of acquisition of “The Good Guys”. As a result, the customer receipts have surged which despite being partly annulled by rising payment to suppliers and employees stil...