traditional manual system of accounting

... Completing the Accounting Cycle for a Merchandising Business Completing the Accounting Cycle for a Merchandising Business Exercise 10 Chapter 13 Exercise 11 Syyap Services: Effects of Adjustments ... Accounts in the Statement of Recognized Income and Expenses (Income Statement) and the Statement of Financial Position (Balance Sheet) Adjustin g Entry a b c d e f g Statement of Recognized Income ... statements of the Association until it is earned, and transferred to “Admissions Income.” Exercise Shown below are selected worksheet columns Indicate by a check mark in which columns the balances of

Ngày tải lên: 28/02/2018, 08:40

... Buildings (net of accumulated depreciation of P1,200,000) Machinery and equipment (net of accumulated depreciation of P467,000) Office furniture and equipment (net of accumulated depreciation of P72,000) ... Less: Cost of Sales Cost of Goods Manufactured Add: Finished Goods Inventory, January Total Available for Sale Less: Finished Goods Inventory, December 31 Cost of Goods Sold Gross Profit Less: ... Store Fixtures Store Supplies Expense Total Administrative Expenses Office Salaries Depreciation Office Furniture Bad Debts Expense Office Supplies Used Total Total Operating Expenses Net Operating

Ngày tải lên: 28/02/2018, 08:40

... Triple Summary of Liquidation Transactions Noncash Assets Cash Balances before sale of assets Sales of assets and sharing of gain Balances Payment of liabilities Balances Disbursement of cash to ... and Triple Summary of Liquidation Transactions Cash Balances before sale of assets Sales of assets and sharing of gain Balances Payment of liabilities Balances Disbursement of cash to partners ... are the sum of the current market value of the assets, liabilities, and capital of the two proprietorships For example, Cash of P11,700 = P8,000 + P3,700 and accounts receivable (net) of P26,500

Ngày tải lên: 03/08/2018, 16:17

... (1) Gross profit rate: Gross profit Net sales Gross profit rate (P3,147,596  P8,790,506) (2) Net income as a percentage of net sales: Net income Net sales Net income as a percentage of net sales ... assets of P1,274,380 by the current liabilities of P455,200 The amount of working capital is P819,180, computed by subtracting the current liabilities of P455,200 from the current assets of P1,274,380 ... profit rate (peso gross profit divided by net sales) Operating income (revenue from primary business activities less the cost of goods sold and operating expenses) Net income as a percentage of

Ngày tải lên: 03/08/2018, 16:17

... Sally Wright (2007) “Feasibility of More Frequent Reporting: A field Study Informed Survey of In-Company Accounting and IT Professionals” Journal of Information Systems Vol 21, No (Fall, 2007), ... Concepts of Accounting Information Systems, 13th Edition, by Simkin, Rose, and Norman 2-31 Anderson Manufacturing (Using XBRL-Enabled Software) This case continues the systems studies of the cases ... Spammers often attempt to pay ISPs for their data transmissions with stolen credit cards—an added cost Spammers require large lists of email accounts—the types of lists often found in accounting

Ngày tải lên: 31/01/2020, 15:24

... managers’ perception of their level of awareness and understanding, ease of use, and usefulness of cost accounting system and their attitude towards adoption of the same cost accounting system in travel ... Limitation of the Study Along with the system of the general theory of cost accounting system for internal management, the thesis will analyze and assess the current perception of cost accounting systems ... agency Level of awareness and understanding of cost accounting system Ease of use of cost accounting Usefulness of cost accounting CHAPTER II REVIEW OF RELATED LITERATURE AND STUDIES This chapter

Ngày tải lên: 22/07/2014, 20:07

... modifications of US-GAAP to take into account the needs of debt contracting. In summary, the accounting system is a subsystem of the financial system interacting with the other subsystems (e.g. ... performance of accounting systems. In insider economies, the key 7 elements of the accounting system may not be those that publicly disseminate information (even though they have been the focus of ... German accounting system. The following section develops hypotheses about the role and properties of accounting in the German financial system. Section 3 describes the key elements of 3

Ngày tải lên: 03/11/2014, 12:37

... amendment of legislation financial reporting is significantly closer to reporting systems of EU member states The accounting systems of the two examined countries put emphasis on different areas of accounting ... analysis of the Dutch and the Hungarian financial accounting systems pointed out that – as both of the systems meet the requirements of the EU regulations – the harmonization of the two financial accounting ... Director: Prof Gábor Szabó, DSc PhD Thesis COMPARATIVE ANALYSIS OF ACCOUNTING INFORMATION SYSTEMS OF THE NETHERLANDS AND HUNGARY IN ORDER TO REVEAL THE POSSIBILITIES OF IMPROVING THE HUNGARIAN SYSTEM

Ngày tải lên: 10/12/2016, 22:59

... World of Accounting Science, December 2003;5:(4):87 28 Sevim, Adnan A Contemporary Means in the Strategic Profit Management: Product Life Cycle Cost System Journal of World of Accounting Science, ... Journal of World of Accounting Science, 2000;4:98 48 Doğan, Zeki; Hatipoğlu Ayşegül A Study on the Applicability of Target Costing Method Journal of World of Accounting and Finance, 1998:21:102 ... of the production process according to cost of the product life cycle period Within the frame of Product Life Cycle Cost System, not only the cost of production but also the other costs of non-production

Ngày tải lên: 11/12/2016, 11:05

... APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR (A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU STATE) BY NNAMANI UGOCHUKWU J.C ACC/2006/241 DEPARTMENT OF ACCOUNTNACY FACULTY OF MANAGEMENT ... Appraisal of Accounting System In the public Sector (A case study of board of Internal Revenue Enugu State) By Nnamani Ugochukwu J.c Acc/2006/241 Department of Accountancy Faculty of Management ... write up is the result of a studying of the accounting process in the public sector The work is principally aimed at providing an insight into the accounting system of Board of Internal revenue

Ngày tải lên: 11/12/2016, 11:07

... Purchase Price: Cash Number of shares exchanged Par value of a share of stock Market value of a share of stock Market value of stock exchanged Direct acquisition ... PROBLEM 1-5 Purchase Price: Number of shares exchanged Par value of a share of stock Market value of a share of stock Market value of stock exchanged Direct ... Purchase Price: Cash Number of shares exchanged Par value of a share of stock Market value of a share of stock Market value of stock exchange Direct

Ngày tải lên: 22/01/2018, 09:50

... Johnson has a passive level of ownership and in future periods will record dividend income of only 10% of Bickler’s declared dividends b Johnson has an influential level of ownership and in future ... periods will record investment income of 30% of Bickler’s net income c Johnson has a controlling level of ownership and in future periods will add 100% of Bickler’s net income to its own net ... http://downloadslide.blogspot.com Ch 2—Case CASE CASE 2-1 (1) Evaluation of price—Fair value of Al’s Hardware: Cash Accounts receivable (net of allowance) Inventory Land Building

Ngày tải lên: 22/01/2018, 09:50

... consist of 20% of the subsidiary’s common stock, paid-in capital in excess of par, retained earnings, dividends declared, and internally generated income The NCI is shown as a subdivision of equity ... exceed the sum of the separately calculated net incomes of the parent and subsidiary This would occur if the fair value of the subsidiary’s net assets were The noncontrolling share of consolidated ... its beginning of the year balance (b) Sophisticated equity method—The subsidiary’s equity accounts reflect beginning of the year balances, yet the investment account reflects an end of the year

Ngày tải lên: 22/01/2018, 09:50

... Gross profit—Seek: Sales Cost of goods sold (80% × $400,000) Add write-down of ending inventory Gross profit (2) Consolidated gross profit: Sales Cost of goods ... trade accounts (BI) Defer beginning inventory profit (EI) Defer ending inventory profit (F1) Fixed asset profit at beginning of year (F2) Fixed asset profit realized 252 To download more slides, ebook, ... trade accounts (BI) Defer beginning inventory profit (EI) Defer ending inventory profit (F1) Fixed asset profit at beginning of year (F2) Fixed asset profit realized 259 To download more slides, ebook,

Ngày tải lên: 22/01/2018, 09:50

... 20%) of the extraordinary gain on the retirement of bonds In the current and each of the next years, NCI share of income will be reduced by $200 ($1,000 × 20%) 5.a Investing activities—Purchase of ... balance is the cost of the investment plus the investor’s share of the investee’s undistributed income, less the amortization of the excess of the price paid over the investor’s share of book value ... (BI) Eliminate the $10,000 of gross profit in the beginning inventory (IS) Eliminate the entire intercompany sales of $40,000 (EI) Eliminate the $5,000 of gross profit in the ending inventory

Ngày tải lên: 22/01/2018, 09:50

... adjust the basis of the acquired inventory at the date of the actual purchase transaction The basis adjustment would reduce the cost of the inventory and allow for otherwise increased profit margins ... transaction date: Sales revenue Cost of sales—inventory cost (100,000 FC × $1.32) Cost of sales—adjustment of inventory basis Reclassification of other comprehensive income Effect on earnings ... transaction date: Sales revenue Cost of sales—inventory cost (100,000 FC × $1.18) Cost of sales—adjustment of inventory basis Reclassification of other comprehensive income Effect on earnings

Ngày tải lên: 22/01/2018, 09:50

... share of net income adjusted for the amortization of excess and share of translation (see Schedules A and B) 565,712 3,120,000 83,160 210,560 355,152 Schedule A—Calculation of Investor’s Share of ... parent’s percentage of the subsidiary’s beginning -of- period equity balances against the balance of the investment account (D/A) Distribute the excess of cost over book value at the time of acquisition ... http://downloadslide.blogspot.com Ch 7—Problems Problem 7-7, Concluded (2) Translated value of cost of sales: 20X4 Cost of sales (see Note 3) 20X4 Cost of sales (see Note 4) In FC 420,000 FC 17,166,000 Exchange Rate

Ngày tải lên: 22/01/2018, 09:51

... http://downloadslide.blogspot.com c d a system of quality control a system of peer review 23 medium c Within the context of quality control, the primary purpose of continuing professional education and training ... industry audit guides, periodic updates of the Codification of Statements on Auditing Standards, and the Code of Professional Conduct Promoting the accounting profession Developing specialist certifications ... easy a The underlying reason for a code of professional conduct for any profession is: a the need for public confidence in the quality of service of the profession b that it provides a safeguard...

Ngày tải lên: 12/04/2017, 09:22

... losses to the partners This allocation is important because one of the main points of contention among partners is the sharing of profits and losses Learning this material should help partners design ... Total Interest—10% of beginning capital Salary Allocation of remaining loss (P80,000 divided on a 5:2:3 basis) Totals ASSIGNMENT OF INCOME—YEAR TWO Willow Interest—10% of Chapter beginning ... capital balance of P30,000 less the P3,000 of accumulated withdraws in excess of the P4,000 annual limit (P3,000 + P4,000 – P4,000) Lorenzo Amount Invested P24,000 27,000 26,0002 Number of Months Invested...

Ngày tải lên: 28/02/2018, 08:39

... is a sole proprietorship This can be determined by examining the statement of capital or the balance sheet Absence of retained earnings or stock accounts eliminates the possibility that the company ... that Rainee Ingrid is the sole owner of a sole proprietorship b Rainee Ingrid uses a multistep income statement format This is demonstrated by the calculation of a gross margin for the company The ... statement, the statement of owners’ equity, and the balance sheet Specifically, there is a relationship between net income (or loss) on the income statement and the amount of earned equity on the...

Ngày tải lên: 28/02/2018, 08:39