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Process CostingPart a. Calculation of Equivalent unit using Weighted average Particulars Input Output Material % - Weights Equivalent material units Conversion Costs % - Weights Equivalent conversion cost units Opening inventory - WIP 3,000 Units Introduced 12,000 Units completed 9,000 ...
Background on Goodwill AccountingSolution 1 The IFRS 3 requires that the items of financial statements like, assets, liabilities, incomes and expenses should be recognized at their fair value during the acquisition or business combination. Thus, as per IAS 36 and IFRS 3, the goodwill should be tested for impairment yearly and should be recorded at fair value. Earlier, there were broadly two method for recognizing goodwill, one is amortizatio...
The Impact of Robotics on the Fast Food IndustryThe industry of food is changing with the effect of robotics. The demand of food rises continuously with increase in the population by 7.5 billion. The industrial robot revolutionize across the globe and allow the increase in productivity. The fast food industry generates globally $570 billion along with the growth rate. Robots are capable to handle smart material and work side-by-side with the h...
Rationales Behind The AcquisitionFinance sector is one of the major sectors across the industries operating in the different countries. It is because without the financing no company can run its business in the easy and smooth manner. Through this report, the acquisition of Adelaide Bank Limited by the Bendigo Limited has been detailed. Both the companies are into the banking sector. The banking companies are required to adhere to the norms as...
Key issuesSupply chain technologies refer to a few of the current topics that have been highlighted in the global market due to the high competition levels that have been prevalent among the various industries that have been emerging in the global market. This might help the concerned business organizations in the distribution and the allocation of the resources within an organization in a more effective manner in order to gain a higher compet...
Standard CostingOver the last few years, manufacturing organizations have experienced both increasing technological advancement as well as high competition. With the tremendous variations taking place in a manufacturing setting, where the standard costing has been generally practiced, particularly due to upsurge in usage of the progressive industrial innovations such as the automation, ABC, standard costing and the JIT applicability of the sta...
Introduction, Identification of Topic and Research QuestionWith the rise in the technological aspects across various sectors it has been extremely crucial for each of the sectors to keep pace with the changing scenarios of the world. In the recent age of technological progress in several fields it has been extremely crucial to make use of such self-reliant robots who make use of high form of artificial intelligence (AI) technology (Russell, &a...
Question 1: ArchitecturesAs MetaSoft is a software company and is concerned about shifting its data centre from the Melbourne data centre to the Sydney data centre, there is a high necessity of implementing a cloud architecture (Li et al., 2013). A cloud architecture is required to be implemented in the company because it will allow the company to be more secured and reuse the most of its services. There are several cloud architectures that ...
Background of the assignment No. of Shares applied for No. of Shares Allotted Money Received Application $4.2 Allotment $4.9 Call 1 $1.66 Call 2 $2.11 100 000 100 000 1 200 000 420000 490, 000 166,000 211,000 300 000 300 000 2 700 000 1 260 000 1470 000 - ...
The kind of transactions that an entity involves in, the business environment of the entity, the level of complexity involved in financial transactions, the complexity in the amount of estimates to be made and the technical competencies of the employees are few of the important information needed to prepare a comprehensive accounting information system. In order to assess the efficiency of an existing system as well as its ability to manage t...
Question 1Task 1: Response to Question 1: Correct option is A. Explanation: Subnet mask are used to mask remote network and not default routes. As there is no number at the end of the static route therefore default administrative distance is used. Response to Question 2: Correct option is B. Explanation: The Internet protocol (IP) as well as the Routing Information Protocol that is received or sent by router can be displayed by debug ip ...
Campuses floor mappingThe ABC is an technology institution that is found in America and currently had extended to Canberra which is a new branch, in canberra there are two mid-size campuses which are separated with a distance of 2km .The campuses has different dimensions where the first has 1600 meters by 1400 meters area while the second one is having an area of 1200 meters by 800 meters. However in the first branch there are total of four b...
Research QuestionsCryptocurrencies is described as digital assets designed to work as medium of exchange that uses the strong cryptography to secure financial transactions and control the additional units and verify the transfer of assets in digital modes. The main topic of this research report is to analysis the impact of crypto currencies over the financial markets. The research report is emphasised on the concept of crypto currency. The way...
BackgroundThe accounting information system is used to perform works with the financial data, which includes collection, retrieval, storage and access of the financial data that can be further used by consultants, accountants, business analyst and tax agencies to keep highest record of the accuracy regarding financial cash transaction and recordkeeping. It aids in keeping data intact and secure. The six components that deals all th...
Part A: False Assurance Key Issues Associated with FraudFraud is defined by ActionFraud website as the use of trickery to gain a dishonest advantage, often financially driven, over another person (ActionFraud 2018). Fraud is one of the issues in an organizational situation which comes about as a result of failure to effectively deal with or counter ethical issues in the right way especially among the senior management and leadership. Ther...
Sales Details Azu Quarter 1 Quarter 2 Quarter 3 Quarter 4 Number of Units 6000 7000 8000 9000 Selling Price per Unit $ &...
Search termsThe principal issue while examining control is that of definitions, for one can't manage something without right off the bat characterizing it. Be that as it may, the term robot is specialized and includes an extensive variety of utilizations that have next to no in like manner. Because of this, it’s difficult to build up a uniting collection of standards appropriate to a wide range of mechanical applications, rather unique g...
DiscussionAdvancement in sciences has led to the urge of digitization in trade and commerce all across the world. Numerous organizations are relying on these advanced technologies to cater resources for their organisation. Quality check and analysis of data is a crucial approach through which the companies are developing the skills of excellence. It is essential to adhere to certain principles and maintain the record of accomplishment for the ...
Factors Influencing the Trend of Reverse GlobalizationReverse globalization is the opposite of globalization; it is a trend which leads to decrease in movement of goods and services across borders. The trend presents a decrease in international trade that is carried out by multinational companies, this is due to price volatility and the rapid increase in price of commodities in most developed countries regardless of quality of inputs, labour...
The Importance of Risk Assessment for CybersecurityIn this report the main task is risk assessment with the context of cyber security. The organization that is selected for the risk assessment is Southern Cross University. The university is a public university situated in various part of Australia. The university stores a huge amount of data. Hence the data security is needed for the university as it possesses lots of security issues. In the f...
The Concept of Systems ThinkingThe systems thinking means transforming the reader or making them evolve through systems thinking knowledge and skills to develop systematic ideas and opinions. It involves interaction of parts and making sure to develop the system as well as identify the previous impacts. According to Bouhali et al. (2015), the systems thinking is considered as an effective way for managing deeper analysis of the roots of systems ...
Overview and Background InformationMateriality concern of the entity Materiality is a subject of professional judgement, which is provided in ASA 320 “Materiality in Planning and Performance an Audit”. For the effective and efficient planning and performance of audit, materiality is very critical factor. The material misstatement, significant error and omission which either individually or in aggregate are considered material...
Background of the current information security environment in AustraliaThe company VirtualSpaceTours.com is based at Australia, and is engaged in the business of Selling, and organising virtual tours over the internet. Thus, internet and other information technology principles and techniques are the chief components of the business of the company. In addition to this, the information technology practices would aid the company in ra...
What is Operating System and its functionsThe operating system is basically equipped with two functionalities. The first task that is performed by the OS is to provide a set of abstract for working with different resources that the application developer will require for the application development [1]. The next important thing that the OS performs is the management for the hardware resources. It provides the hardware resources when req...
Project ScopeThe aim of this project is to try and solve, improve, reduce and hopefully eliminate all accidents on the road due to driver drowsiness. Drowsy driving is a major problem all around the world. The risk, danger, and often tragic results of drowsy driving are alarming and increasing. Drowsy driving is the dangerous combination of driving and sleepiness or fatigue. This usually happens when a driver has not slept enough, but it can als...
