service cost is to be amortized st-line over the remaining service lives of the employees. The following data are available: 1/2/20A 12/31/20A 12/31/20J Projected Benefit Obligation $453,246 ? ? Prior service cost (PBO method) $453,246 PV @ 12/31/20J (annuity due, 10 payments) of benefits earned each yr per employee: $ 7,609 Required: a) Compute pension expense, listing components, and present required entries per SFAS 158 for the payment on 1/2/20A and the
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ACCOUNTING METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of
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Definitions Categorising Cost to Aid Decision Making and Control Management Responsibility Levels Cost Units Cost Codes Patterns of Cost Behaviour Influences on Activity Levels Numerical Example of Cost Behaviour Direct and Indirect Costs Introduction Material Costs Labour Costs Decision Making and Direct Costs Overhead and Overhead C Absorption Costing Introduction Definition and Mechanics of Absorption Costing Cost Allocation Cost Apportionment Overhead Absorption (OAR) Under and Over Absorption of Overheads
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enterprise so as to obtain from its activities? Select correct option: Control Significant Influence Direct Subsidiary Indirect Subsidiary Question # 3 of 15 ( Start time: 05:52:09 PM ) Total M a r k s: 1 Which one of the following methods for inventory valuation is NOT suitable for homogeneous units? Select correct option: FIFO Method LIFO Method Weighted Average Method Specific Identification Method Question # 4 of 15 ( Start time: 05:53:40 PM ) Total M a r k s: 1 Which of the following meeting is
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Key Terms and Concepts. Balance sheet: Statement of financial position that shows Total Assets 5 Total Liabilities 1 Owners’ Equity. The balance sheet usually classifies Total Assets as (1) current assets, (2) investments, (3) property, plant, and equipment, or (4) intangible assets. The balance sheet accounts composing Total Liabilities usually appear under the headings Current Liabilities and Long-Term Liabilities. Income statement: The statement of revenues, expenses, gains, and losses for
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Warning, this is a study guide, not a cheat sheet. 1. Prepare a statement showing the incremental cash flows for this project over an 8-year period. -Initial investment: The initial investment (I) is the sum of the investment in plant and equipment. I = $1,000,000 -Working Capital: The additional net investment in inventory and receivables is the working capital needed for the project: WC = $200,000 There is no additional info about the WC, so we can assume that it will
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they will deliver to the class where they will demonstrate professional literacy and communication skills. • Math – Students will learn about pricing, markup, and advanced financial statements such as income statements, balance sheets, and cash flow. One requirement will be to complete a working 3 month income statement. Each section of the lesson plan includes performance indicators and specific assignments that students must master before completing each written section of the business plan.
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New York, NY 10019. Printing number 10 9 8 7 6 5 4 3 2 1 Contents Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . Chapter 1 Chapter 2 Introduction . . . . . . . . . . . . . . . . . . Financial Statements . . . . Income Statement . . . . . . . . Statement of Retained Earnings Balance
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labour and expenses are classified and recorded Explain different methods of coding data Classify and code cost information for materials, labour and expenses Classify different types of inventory as: Raw materials Part-finished goods (work in progress) Finished goods Calculate inventory valuations and issues of inventory using these methods : First in first out (FIFO) Last in first out (LIFO) Weighted average Use these methods to calculate payments for labour: Time rate Piecework rate
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Define the Present Situation Food is the key to life. It is the source of good health and energy. Eating healthy foods lowers your risk for heart disease, diabetes, being overweight or obese, and certain types of cancer. Avoiding these conditions saves you from heartache and sickness, and also saves you money with lower healthcare costs. As a result, many people want to start eating healthier foods, but some think that to eat healthy, they have to spend more money. Actually we can eat healthy
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