Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Tax Return-Individual Number Three (after Chapter 7)
Instructions:
Please complete the required federal individual income tax return forms for the following
taxpayer. Unless instructed otherwise, the information provided is for the taxpayers 2012 tax
year
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Tax Project I
Instructions:
Please complete the required federal individual income tax return forms for the following
taxpayer. Unless instructed otherwise, the information provided is for the taxpayers 2013 tax
year. Please complete their 2013 tax return
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Tax Project I
Instructions:
Please complete the required federal individual income tax return forms for the following
taxpayer. Unless instructed otherwise, the information provided is for the taxpayers 2013 tax
year. Please complete their 2013 tax return
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
KIMEP UNIVERSITY FACT BOOK, Vol.8
TABLE OF CONTENTS
Foreword by KIMEP University President Dr. Chan Young Bang . 3
KIMEP University at a Glance. 4
Governance. 4
University Officials/Administrators. 4
History and Achievements . 5
Licenses.
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
DISCLAIMER
KIMEP University wishes to emphasize that the materials in this catalog, including policies, academic programs,
curricula and tuition fees, are subject to change, alteration, or amendment at the absolute discretion of KIMEP.
Specifically, all t
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
A Message from the President
Dearfriends,
Initstwentyyearhistory,KIMEPhasmadearemarkablecontributiontothedevelopmentoftheRepublic
ofKazakhstan.Thisdocumentdetailsthiscontribution.Someofthehighlightsinclude:
CultureandGovernance
thedevelopmentofauniquestu
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Overview
KIMEP is not simply selling
education. We are selling a culture. This culture is based on
openness, transparency and integrity. Respect and honesty is
a prerequisite in all that we do,
particularly in our meticulous
KIMEP is committed to deliveri
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Certain Cash Contributions for Typhoon Haiyan Relief Efforts
in the Philippines Can Be Deducted on Your 2013 Tax Return
A new law allows you to choose to deduct certain charitable contributions
of money on your 2013 tax return instead of your 2014 return.
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Week 4
Your assignment due at
time of quiz on week 5
Week 5s Reading
material
YourAssignment
O Prepare for quiz question 8 next week
O Refresh reading from chapter 4 on forms of
support
O Find and record one piece of supporting
material for the speech top
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Provisions, Contingent
Liabilities and
Contingent assets
Advanced Accounting
Fall 2014
Recognition
A provision is a liability of uncertain timing or amount.
A liability is a present obligation arising from past events, the
settlement of which is expected
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Provisions, Contingent
Liabilities and
Contingent assets
Advanced Accounting
Fall 2014
Recognition
A provision is a liability of uncertain timing or amount.
A liability is a present obligation arising from past events, the
settlement of which is expected
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Financial
instruments
Advanced Accounting
Fall 2014
Definitions
A financial instrument is any contract that gives rise to a
financial asset of one entity and a financial liability or equity
instrument of another entity.
There are four reporting standards
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Deferred tax
Advanced Accounting
Fall 2014
Basic principles
IAS 12
Temporary differences often mean that there is a delay between
profits being reported for accounting purposes and tax being
charged on those profits.
They may also mean that tax is paya
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Substance over form
concept
Advanced Accounting
Fall 2014
Framework
IAS 1 requires that financial statements:
must represent faithfully the transactions
that have been carried out
must reflect the economic substance of
events and transactions and not me
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Substance over form
concept
Advanced Accounting
Fall 2014
Framework
IAS 1 requires that financial statements:
must represent faithfully the transactions
that have been carried out
must reflect the economic substance of
events and transactions and not me
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Leases
Advanced Accounting
Fall 2014
Definitions
IAS 17
Leases are classified as either finance leases or operating leases
at inception (normally the date of the lease agreement).
- A finance lease transfers substantially all the risks and
rewards incid
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2016
Financial
instruments
Advanced Accounting
Fall 2014
Definitions
A financial instrument is any contract that gives rise to a
financial asset of one entity and a financial liability or equity
instrument of another entity.
There are four reporting standards
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Lecture 3a
Family
Try to define family so that it encompasses all people who consider themselves family
and excludes all who do not. Really, try it. It is pretty hard to do. Family is difficult to
define. . . Sociologists then define some structures we ca
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Happy Last Week of
Regular Classes!
Chapter 12 Time Value of Money
Principles of Accounting II:
Managerial Accounting
BAAC 221
Fall 2014 Semester
Deborah Lacey, CPA, CFP, MST
REMINDERS
Chapter 12 Homework
HW 1 Due December 4th
HW 2 Due December 6th
Qu
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
Good Day!
Chapter 11
Principles of Accounting II:
Managerial Accounting
BAAC 221
Fall 2014 Semester
Deborah Lacey, CPA, CFP, MST
CHAPTER 10 Brief Review
from Last Class.
Static Budget Variances
K
dh >
h'd
h^
Kd,Z
d, E
Flexible Budget
based on actu
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Winter 2015
BAAC 221 Managerial Accounting ~ EXAM 3 Test Coverage
[Plan to stay the whole time ~ 2.5 hours]
Exam is Multiple Choice
Please Review: Homework problems, Decision Guidelines, and Lecture Notes.
Lecture Slides are posted on Blackboard
*Reminder: Smart Phon
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2014
Chapter 8 Inventory
Problem 1 page 383
El Faro Company merchandises a single product called Smart. The following data represent beginning
inventory and purchases of Smart during the past year:
January 1 inventory, 34,000 units at $11.00;
February purchase
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2014
Current Assets
Accounts
Receivable
Cash
June 2
June 3
June 4
June 5
June 8
June 9
June 10
June 13
June 17
June 18
June 23
June 25
June 27
June 29
June 30
Non-Current Assets Currect Liabilities
Supplies
Bicycles
Shed
Equity
Owner's
Capital
Accounts Payable
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2014
Problem 3, p.134
a
b
c
d
e
f
g
Office supplies expense
Office supplies
894
Rent expence
Prepaid rent
500
894
991
97
894
beg balance
end balance
difference
2860
1410
1450
500
Depreciation expense
720
Accumulated depreciation: Equipment
720
Interest expense
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2014
Problem 3, p.134
a
b
c
d
e
f
g
Office supplies expense
Office supplies
894
Rent expence
Prepaid rent
500
894
991
97
894
beg balance
end balance
difference
2860
1410
1450
500
Depreciation expense
720
Accumulated depreciation: Equipment
720
Interest expense
Kazakhstan Institute of Management, Economics and Strategic Research
ACCOUNTING accounting
-
Spring 2014
Problem 7, pages 426-427
Garcia Company uses the accounts receivable aging method to estimate uncollectible accounts. At the
beginning of the year, the balance of the Accounts Receivable account was a debit of $90,430, and the
balance of Allowance for unc
