Accounting : Page - 4

Conceptual Framework and its ApplicabilityConceptual framework can be thought of as the foundations of the term accounting as it defines it. On an attempt to potentially strengthen the accounting levels it is necessary that this framework analyses both the theoretical and the practical points attached to the financial report and explains it logically and on a steady basis. A lot of information on this topic has already been constructed and bro...

Innovations Related at Apple Inc.In the current world, there underlies a very competitive and advanced society where the ability to dictate changes adds the utmost value. Increasing competitive advantage in innovation management and creativity is essential to this capability. For this reason, big companies with an effective management team are initiating top priority to design ways and mechanisms for enhanced innovations and creativity. Razavi...

Answer to Question 1: Job costing Part A Raw Material Account Particular Amount Particular Amount Opening balance  $   16,755.00 Work-in-progress  $     2,010.00 Raw material  $     5,255.00 Closing Stock of Raw material  $   20,000.00 Total  $   22,010....

Calculation of cost per unit using conventional approachCalculation of cost per unit using conventional approach FRED: $166 MARTHA: $249 Table 1: Table presenting calculation of cost per unit and total labour hours Particular FRED MARTHA (Amount in $) (Amount in $) Direct Material 40 60 Direct Labour 30 45 Manufacturing Overhead 96 144 T...

Identified Issue 1: Lack of Computer Literacy Skills in Accounting EducationAccounting is one of the major subjects studied by the students in Australia. The demand for the accounting course is increasing in the students because of the growing market is providing job opportunities in the profession of accounting. There is a wide range of the professional opportunities in the field of accounting (Work.chron.com., 2017). However, not only the st...

Project ObjectivePatricia Arnold has argued that the bankers are often charged and blamed for their bonuses for the ongoing global financial crisis. However, the economic ruin digs out one more fundamental questions pertaining to the economic organism and the institutions upon which the entire threat is based.   The following paper forages how difficult it is to consider accounting in the global organisations. It also penetrates to a...

Traditional vs Activity Based Costing A. DDT Ltd.  Statement Showing computation of Cost of Product X, Y, Z (Based on the traditional approach of accounting overheads)  Product X Product Y Product Z Units  5,000  8,000  7,500 Prime Cost (£)  64,000  64,000  72,000 Overheads (£) 249,600 124,800 ...

Threats Affecting the Independence of the AuditorThe success of any operating business enterprise is defined by conducting auditing practices. Auditing is simply defined as the examination of the financial report of a business organization as presented in the organization annual report, an independent person and organization normally perform the audit practices (Arens, et al., 2012). It is also outlined as the systemic and impartial exami...

This is a report for Melbourne Cricket Club asset management and will be defined by many factors .ISO55000 is not a standard for asset management; is a standard for management systems. It does not provide details of how to manage assets, but simply provides the elements that must be carried out for a management system (for example, it is a characterization of a business management system that casually has to do with management of the teams),...

Answer: Part A Answer to Part a Sales Budget: Particulars January February March Total Sales Volume (in units) 76250 61000 68630 205880 Unit Selling Price $7,400 $7,400 $7,400 $7,400 Projected Sales (in $) $564,250,000 $451,400,000 $507,862,000 $1,523,512,000 Answer to Part b Production Budget:...

Answers: Assignment Part 1 Month No of Days       Total Cakes (1) Oven electricity usage (kwh) (2)Other electricity usage (kwh) (3) Total electricity usage (kwh) Cake 1 Cake 2 Cake 3 1 31     5,700.00     1,900.00     1,900.00          9,500.00 ...

Manufacturing Overheads(a)  It is important to have a brief description of manufacturing overheads first. Also known as production cost, factory overhead & factory burden, manufacturing overheads are incurred in a factory’s manufacturing processes. The cost incurred in the factory for the production purpose other than direct Labour and direct materials cost  is termed as manufacturing overhead cost. This is why, it is often...

Introduction of ReportEvery individual has some savings with his or her. They save some amount form their income or other sources to keep the amount for urgency or for raising the worth of that amount. In this report, the share market has been analyzed in which the individual could invest the amount and get back the amount whenever needed. This report has been prepared over the comapny, Genetic technologies limited. This company’s financ...

Organizational Structure of Pitcher PartnersThe accounting software is application software which is used to record and process the different types of accounting transactions (Machado 2016). They are often categorized under the functional modules such as accounting receivable, accounts payable, payroll, general ledger and trial balance (Quinn and Kristandl 2014). This can be termed as accounting information system that can be developed “...

Answer: Part I – Debt valuation Short term and long term debt Short term debt – for the accounting year ended on 30th June 2017, the short term debt of the company amounted to $ 0.8 million. The total borrowings were raised through secured term from the finance lease liabilities. Long term debt - for the accounting year ended on 30th June 2017, the long term debt of the company amounted to $ 801.1 million. During the year the co...

Fundamental CharacteristicsThe objective of this report is to assess how the capital market participants use operating lease in the off-balance sheet at the time of evaluation of the credit risks of the organizations. The study will focus on the risks that are associated with the operating lease. It will also focus on the accounting information and its treatment in the balance sheet with regard to the operating lease. From the economical aspec...

Answers:  Assignment Part 1 Month No of Days       Total Cakes (1) Oven electricity usage (kwh) (2)Other electricity usage (kwh) (3) Total electricity usage (kwh) Cake 1 Cake 2 Cake 3 1 31     5,700.00     1,900.00     1,900.00          9...

Overall Return and Demand for Zero-Coupon Bond Expected return = ((FV / Current Price) -1 ) * 100 Expected return = ((1000 / 800) -1 ) * 100 Expected return = (1.25 -1 ) * 100 Expected return = 0.25 * 100 Expected return = 25% The above table mainly depicts the overall return, which is been provided by zero-coupon bond whose market price is $800. In addition, the face value of the bond is $1000, whereas market price is $8...

Inventory Management in SupermarketsInventory management is proper supervision of different stock as well as assets items. Inventory is the idle stock of goods of a respective company that holds economic value that can be held in different forms in the packaging as well as processing or sale in the near future. The report is based on Woolworths Company based in Australia wherein proper inventory management has to be maintained by them in order...

Identifying Beneficial and Detrimental Interactions1: The operations consist of strategic production, infrastructure management and land management. The operations also consist of integrating the functions of different sectors and enterprises, development and implementation and overlook the production system. The different sectors are agricultural sectors and horticultural sectors. 2: The plans developed to manage agricultural and horticul...

Similarities between financial accounting and management accounting Analytically discuss how management accounting varies from financial accounting. Accounting is the process of recording all its transactions of a specified period to know to ascertain the financial performance of a company. Accounting is not only done to know the financial performance but it also help us to gain information about the non financial performance. Accounting c...

Portfolio Management ModelsProduct portfolio management is powerful decision process that involves constantly updating and revising a variety of new products and expansion projects. In an organization, it is stirred by the availability of various challenges in the market (Foxall, 2014). Available resources and the product cycle stage of the product determine the portfolio management process (Jugend, 2016). In the process, new product...