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Introduction to Financial Accounting Cabinet Accessory Company: Sales, Cost, and Gross Profit Analysis[*] Learning objectives Find and correct errors in a data set (clean the data) Add columns containing formulas to a data set Create a pivot table in Excel Create a pivot chart in Excel. Analyze sales data using a pivot table and a […]
Accounting Financial Accounting Q1- IFRS requires capitalizing actual interest (with modification) in self-constructed assets. What are the five steps necessary to meet IFRS requirement. Q2- A company abandons the historical cost principle and adopts the LCNRV method of valuing inventory. Explain the process of LCNRV Q3- Long-lived tangible asset are associated with either depreciations, impairments […]
1. The FASB’s Statement of Financial Accounting Concepts No. 8 (2010) and the IASB Conceptual Framework for Financial Reporting (2010) both removed “conservatism” (“prudence”) as a qualitative characteristic of useful financial information. Explain why this change was made in 2010, and use the work of Cooper (2015), to explain why “prudence” (“conservatism”) was restored within […]
Leaders International Company (LIC) Leaders International Company (LIC) currently produces plastic containers, supplied to both the household and industrial units. LIC has created a management accounting department in addition to the financial accounting department to address the management accounting issues facing the company. You have been recently recruited as a management accountant and assigned to […]
financial accounting 1. How does cost accounting differ from financial accounting and how, if at all, does the difference impact the ethics involved in serving in either role? How would you relate biblical principles to this question? 2. Describe the three types of manufacturing cost categories, provide examples of each, and explain how each of […]
ACCESS TO THE ETEXT WILL BE SUPPLIED Your portfolio is where you will be able to demonstrate your learning throughout the semester. You need to show that you have achieved each of the BFA526 three learning outcomes: Explain and apply management accounting techniques for business planning, control and capital investment decisions. Analyse and critically evaluate […]
Select three of these skills and explain how the work you have done in modules taken in the area of financial accounting has helped you to acquire these skills. You may include auditing modules in this area but not modules in management accounting, finance or taxation. If you are a credit entry student you can […]
Read the following HBR article: Why we love to hate HR (and what HR can do about it) (8 pages) (link opens in a new tab) Post your comments In this activity, you will contribute meaningfully to the discussion by sharing a post that responds to the following questions: How do you see management accounting fitting […]
Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.
Write a 750 – 1250 word paper on the following topic: Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.
