...MANAGEMENT ACCOUNTING © Kaplan Financial Limited, 2012 The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials. All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan Publishing. 2 KAPLAN PUBLISHING REVISION MOCK ANSWERS 1 B – FALSE The definition given is that of a flexed budget. 2 3 D C Economic order quantity = 2C OD CH 2 x $10 × 80,000 units 0.90 1,333 units Economic order quantity Economic order quantity = = 4 5 B D (65,800 + 82,600 + 60,100)/3 = 69,500 82,600 – 69,500 = 13,100 units 6 C High level = number of units: 48 Low level = number of units: 23 Difference = 25 units Therefore variable cost per unit = $1,900 ÷ 25 units = $76 Fixed costs = $7100...
Words: 1217 - Pages: 5
...ACCA Paper F3 (INT) Financial accounting The Essential Text British library cataloguinginpublication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing UK Unit 2 The Business Centre Molly Millars Lane Wokingham Berkshire RG41 2QZ ISBN 978 1 84710 537 0 © Kaplan Financial Limited, 2008 Printed and bound in Great Britain Acknowledgements We are grateful to the Association of Chartered Certified Accountants and the Chartered Institute of Management Accountants for permission to reproduce past examination questions. The answers have been prepared by Kaplan Publishing. All rights reserved. No part of this publication may be reproduced,stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Kaplan Publishing. ii KAPLAN PUBLISHING Contents Page Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Introduction to accounting Statement of financial position and income statement Double entry bookkeeping Inventory Sales tax Accruals and prepayments Irrecoverable debts and allowances for receivables Noncurrent assets From trial balance to financial statements Books of prime entry and control accounts...
Words: 17300 - Pages: 70
...Assignment Grading Rubric Course: IT460 Unit: 10 Points: 140 Assignment 10 Outcomes addressed in this activity: Complete final assignment Course Outcomes: IT460-1 Compare various types of information systems. IT460-4 Practice team dynamics by participating in a role play activity. Assignment Instructions: Please complete the following assignments using MS Word. Save the assignment as Final Assignment.doc and place it into the Unit 10 Final Assignment Drop Box. Ensure all group members have checked the final assignment before it is submitted. Submit only one Final Assignment per group. Click here to access the “SCR-TIMS Work Session Link”. Part 1: System Architecture Tasks 1. Visit SCR's data library to review SCR's network configuration and then send Jesse a recommendation for the TIMS system architecture. She wants me to suggest an overall network topology solution. She also asked me to comment on these issues: legacy data, Web-centricity, scalability, security, and batch processing that might be needed. Jesse said it was OK to make reasonable assumptions in my proposal to her (SCR-TIMS, Work Session, Session 10,- To Do List #2). This includes providing a detailed description of a client/server architecture. Assignment should also show distinction between 2 tier and 3 tier network and select one for recommendation. A detailed analysis of network topology includes definition and what is being proposed for the client. Assignment should give a definition of what...
Words: 1330 - Pages: 6
...Turbine to Full Kaplan Operation at Michigamme Falls By Gerard J. Russell, P.E., American Hydro Corp., York, Pennsylvania, USA, Craig Peterson, P.E., American Hydro Corp., York, Pennsylvania, USA, and Douglas T. Eberlein, P.E., We Energies, Milwaukee, Wisconsin, USA ABSTRACT FERC license renewal stipulations for We Energies’ Michigamme Falls plant included new flow constraints that were outside the existing fixed-blade propeller turbines’ efficiency range. One of the turbines was converted to fully adjustable Kaplan operation to regain the lost generation. Introduction Renewal of the project’s FERC license in October of 2001 required that the minimum flow could be no less than 50% of the maximum flow during a given calendar day. The existing generating units were typical fixed-blade propeller turbines with a very narrow range of efficient operation, so they could not effectively meet this new requirement. We Energies evaluated several options for addressing the new operating regime including spilling the required low flow when necessary, installation of a minimum flow turbine-generator unit, and conversion of one of the propeller units to full adjustable blade Kaplan operation. The Kaplan conversion was chosen as the most effective option to improve the operating efficiency and flexibility of the plant while achieving the required low flow operating capability. This paper describes the Owner’s planning process that resulted in the decision to convert the unit from fixed to adjustable...
Words: 3878 - Pages: 16
...Assignment Grading Rubric Course: IT460 Unit: 10 Points: 140 Assignment 10 Outcomes addressed in this activity: Complete final assignment Course Outcomes: IT460-1 Compare various types of information systems. IT460-4 Practice team dynamics by participating in a role play activity. Assignment Instructions: Please complete the following assignments using MS Word. Save the assignment as Final Assignment.doc and place it into the Unit 10 Final Assignment Drop Box. Ensure all group members have checked the final assignment before it is submitted. Submit only one Final Assignment per group. Click here to access the “SCR-TIMS Work Session Link”. Part 1: System Architecture Tasks 1. Visit SCR's data library to review SCR's network configuration and then send Jesse a recommendation for the TIMS system architecture. She wants me to suggest an overall network topology solution. She also asked me to comment on these issues: legacy data, Web-centricity, scalability, security, and batch processing that might be needed. Jesse said it was OK to make reasonable assumptions in my proposal to her (SCR-TIMS, Work Session, Session 10,- To Do List #2). This includes providing a detailed description of a client/server architecture. Assignment should also show distinction between 2 tier and 3 tier network and select one for recommendation. A detailed analysis of network topology includes definition and what is being proposed for the client. Assignment should give a definition of what...
Words: 1330 - Pages: 6
...Study Guide: Unit 1 Quiz Readings: Read all of the sections found under Course Home, including the Syllabus. Read about “Important Resources” found under Unit 1: Academic Tools Tab. 1. Instructors Information; what is it and where can you find it? 2. How can you contact technical support? You can call the tech support team at 866-522-7747 and if that does not work then there is live support available Mon-Thurs 8am-midnight EST, Friday 8-6pm EST, Saturday 9-6pm EST, and Sunday 9-midnight EST. 3. What is the Career Network? The Career Network is designed for students, graduates, and alumni. In the Career Network you can complete a work interest assessment, get help with building a resume and cover letter, and search for a job in your specific field of study. 4. What are you graded on in this class? In this class each student will be graded on Seminars, discussions, video discussions, assignments, and quizzes. 5. What are your responsibilities concerning the Discussion Board? In order to meet the requirements for the Discussion Board all answers must be meet in complete sentences and at least 150 words for each question. It is also required to respond to at least two separate threads a piece in complete sentences containing at least 75 words. 6. When can you expect your work to be graded? The assignments that are submitted on time will be graded within 5 days. Discussions and seminars will be graded...
Words: 771 - Pages: 4
...Assignment Instructions Unit: 4 Instructions: This week's Assignment consists of reading a scenario about Sandwich Blitz, Inc., and responding to four questions. Dalman and Lei have discussed two possible avenues to grow and expand Sandwich Blitz, Inc. One possible strategy would be to franchise locations. Another strategy would be to secure venture capital to finance an internal expansion by opening more company-owned shops. Dalman feels that he just doesn’t have time to investigate these options because he is spending an increasing amount of his time assisting the location managers. Lei noted that two of the location managers had exhibited a lot of skill in the management of their locations and perhaps a new position could be added to coordinate with the location managers. This would free Dalman to work on these larger issues. After reading the scenario above and your assigned readings in the textbook, paying particular attention to the section on authority, respond to the following questions: (Please number your responses 1 – 4 according to the four questions) 1. How would creating a new position between the CEO and the location managers help the business to grow? 2. Is promoting an existing manager the best option to fill this position? If not, what is an alternative source to fill the position? 3. Who within the company should make these decisions? 4. List the levels of authority (management) that Sandwich Blitz, Inc. would have if the new position is created. To help...
Words: 513 - Pages: 3
...CS113: Academic Strategies for the Business Professional Unit 8 Alternate Seminar Assignment ------------------------------------------------- Full Name:Jasmyne brown Two-digit Section #: ------------------------------------------------- Instructions: Download this document to your computer before filling it out. Save using SAVE AS and add your name to the front removing the phrase “YourName.” All of the gray boxes below should be appropriately filled in and the document saved again before submitting to the Dropbox. If you did not attend the live Unit 8 Seminar, you must complete the Unit 8 Alternate Seminar Assignment in order to earn Seminar credit. Submit your completed template to the Unit 8 Seminar area of the Dropbox on or before the close of the unit on Tuesday evening (11:59 p.m. ET). If you attended the live Unit 8 Seminar session, you do NOT need to complete this Assignment. Read the Unit 8 Seminar Case Study and be prepared to respond to the related questions. Using specific information from your unit of study, and previously learned information, provide a detailed response for each of the following questions (minimum 10 complete sentences for each item): How might Daniel make use of the 5 steps of the DO IT! problem solving strategy as he strives to gain part-time employment in an office setting? Response: For Daniel a strategies he would need to use is the 5 steps to problem solving. First step is the identify the problem....
Words: 601 - Pages: 3
...Unit 2 Readings Key Terms * Federalist Papers * John Locke * Authoritarianism * The Two Treatises Of Government * The Social Contract Theory * Thomas Hobbes * Nominalism * Materialism * Method Reading Summary or Overview The Federalist Papers were written and published in New York state newspapers between 1787 and 1788. Its purpose was to convince New Yorkers to ratify the proposed Constitution. The authors of The Federalist or The Federalist Papers were among the "founding fathers" of the United States of America. This term is used to refer to the men whose actions were responsible for creating the United States of America and the United States Constitution. View this introductory presentation on the authors of The Federalist Papers. Then, read the internet resources on The Federalist Papers. Internet Resources KAPLAN LIBRARY The "KU Online Library" link is on the left Navigation area of your course Home Page once you log in. You will be able to locate the articles below by placing the title of the article into the search engine. For any Supreme Court cases or other legal cases, once you go into the Kaplan Library, on the right side of the page you will see “databases.” Once in “databases” scroll down to “Westlaw Campus Research” and there you will be able to access the full text of court opinions, statutes, and regulations from state and federal governments. The Federalist Papers Jay, J., Goldman, L., Hamilton, A., & Madison,...
Words: 2296 - Pages: 10
...Seminar Information | Rubrics | Course Materials | Kaplan University Grading Scale | Seminars | Course Outcomes | Netiquette | Tutoring | Discussion Boards | | | COURSE INFORMATION TOP Term: 1204B Dates: October 17th-December 24th Course Number/Section: CM 107-28 Course Title: CM 107- College Composition I Credit Hours: 5 Prerequisites: Any Academic Strategies course or any Eight Skills of the Effective Student Course. It is strongly recommended that you complete the Campus Tour, available on your Student Homepage. This essential tutorial discusses hardware and software requirements as well as presenting an overview of learning with the eCollege platform. INSTRUCTOR AND SEMINAR INFORMATION TOP Instructor Name and Credentials: Erica Wright Kaplan Email Address: ewright@kaplan.edu Office Hours (ET): By appointment Google Chat™ will be used to communicate with the instructors during office hours. Please review the Google Chat Quick Start Guide for an overview of the system. Course/Seminar Day and Time (ET): Wednesdays from 10pm-11pm ET You can participate in Seminar through either attending the live Seminar or completing Seminar Option 2. COURSE MATERIALS TOP Textbook Information Title: The Kaplan Guide to Successful Writing Author: Diane Martinez, Susan Carlson, and Kara VanDam (Eds.) ISBN: 13: 978-1-60714-894-4 Publisher: Kaplan Publishing Software Requirements The Composition...
Words: 4606 - Pages: 19
...Seminar Information | Rubrics | Course Materials | Kaplan University Grading Scale | Seminars | Course Outcomes | Netiquette | Tutoring | Discussion Boards | | | COURSE INFORMATION TOP Term: 1204B Dates: October 17th-December 24th Course Number/Section: CM 107-28 Course Title: CM 107- College Composition I Credit Hours: 5 Prerequisites: Any Academic Strategies course or any Eight Skills of the Effective Student Course. It is strongly recommended that you complete the Campus Tour, available on your Student Homepage. This essential tutorial discusses hardware and software requirements as well as presenting an overview of learning with the eCollege platform. INSTRUCTOR AND SEMINAR INFORMATION TOP Instructor Name and Credentials: Erica Wright Kaplan Email Address: ewright@kaplan.edu Office Hours (ET): By appointment Google Chat™ will be used to communicate with the instructors during office hours. Please review the Google Chat Quick Start Guide for an overview of the system. Course/Seminar Day and Time (ET): Wednesdays from 10pm-11pm ET You can participate in Seminar through either attending the live Seminar or completing Seminar Option 2. COURSE MATERIALS TOP Textbook Information Title: The Kaplan Guide to Successful Writing Author: Diane Martinez, Susan Carlson, and Kara VanDam (Eds.) ISBN: 13: 978-1-60714-894-4 Publisher: Kaplan Publishing Software Requirements The Composition...
Words: 4606 - Pages: 19
...is important to have an understanding of the desired the level of performance. With regard to individual performance and performance evaluation metrics, my current work unit is lacking and struggles to report accurate data for how an employee performance evaluation relates to units of service as well as error percentage. In the current state, there is not a single system solution to collect data therefore causing a painstakingly manual process to collect any form of data metrics. This organizational change proposal will identify the need to develop a comprehensive strategy of employee evaluation using the balanced scorecard approach. This performance management strategy will define the necessary performance tools for a successful implementation while ensuring the performance evaluations defined by the strategic goals governed by the institution. Need for Balanced Scorecard Identified According to the current job description, the sole responsibility of work unit staff is for the review of submitted laboratory samples, requisitions, and pathology reports for accurate and timely accessioning of patient and testing information into the Pathology computer system(s). The definition of accessioning is entering a single patient and all represented laboratory material into the computer systems. This work unit as well as the work completed is complex, therefore the ability to identify a performance management evaluation strategy will require diverse thinking and data gathering...
Words: 1399 - Pages: 6
...Final Assessment ACCA FINAL ASSESSMENT Advanced Performance Management JUNE 2009 QUESTION PAPER Time allowed Reading time: 15 minutes Writing time: 3 hours This paper is divided into two sections Section A BOTH questions are compulsory and MUST be answered TWO questions ONLY to be answered Section B Do not open this paper until instructed by the supervisor This question paper must not be removed from the examination hall Kaplan Publishing/Kaplan Financial KAPLAN PUBLISHING Page 1 of 9 ACCA P5 Advanced Performance Management © Kaplan Financial Limited, 2008 All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan Publishing. Page 2 of 9 KAPLAN PUBLISHING Final Assessment SECTION A BOTH questions are compulsory and MUST be answered QUESTION 1 John Wizard has recently won a contract to act as a financial consultant to Sportstown, a publicly owned organisation that provides a range of community services to its inhabitants. Wizard’s first brief is to prepare a report on the ‘Operating Efficiency and Financial Performance’ of the leisure centre that is owned and managed by the public body. The governing body of Sportstown has become increasingly concerned by the growing financial subsidy that it has to provide to its leisure centre. Sportstown...
Words: 7386 - Pages: 30
...American Accounting Association is collaborating with JSTOR to digitize, preserve and extend access to The Accounting Review. http://www.jstor.org This content downloaded from 131.181.108.165 on Tue, 11 Mar 2014 05:15:52 AM All use subject to JSTOR Terms and Conditions THE ACCOUNTING REVIEW Vol. 75, No. 3 July 2000 pp. 283-298 The Balanced Effects Scorecard: of Common Judgmental and Unique Performance Measures Marlys Gascho Lipe University of Oklahoma Steven E. Salterio University of Waterloo ABSTRACT: The balanced scorecard is a new tool that complements traditional measures of business unit performance. The scorecard contains a diverse set of performance measures, including financial performance, customer relations, internal business processes, and learning and growth. Advocates of the balanced scorecard suggest that each unit in the organization should develop and use its own scorecard, choosing measures that capture the unit's business strategy. Our study examines judgmental effects of the balanced...
Words: 8613 - Pages: 35
...MT 400 Unit 8 Assignment: Establishing Baselines and Assessing Success https://homeworklance.com/downloads/mt-400-unit-8-assignment-establishing-baselines-assessing-success/ Unit 8 Assignment: Establishing Baselines and Assessing Success In this Assignment, you are going to evaluate a specific business process based on criteria detailed below. If you already have selected a business process, continue using that and skip to the next paragraph. If you have not yet selected the business process you will use for these Assignments, then begin by selecting one. Email your instructor and clearly describe the objective of this process, the participants, and the strategic significance for the company. The business process you select must have a clear beginning and an end, with identifiable, specific steps. Your instructor will confirm that the process you selected is suitable or will ask you to select another one. For this Assignment, write a paper that answers the following questions (use the subheadings/numbered questions below to organize your paper): Part 1: Implementation Strategies Evaluate the suitability of the four implementation strategies discussed in step 2 for your project. ● For each strategy, explain the specific pros and cons of using it for your project. The analysis should be based on how each strategy applies to the process you selected and the nature of your selected organization. Do not simply repeat the generic pros/cons from the book. ● Select...
Words: 955 - Pages: 4
