Spring 2017 Semester
DUE ONE WEEK (February 27, 2017) in class
Following is a random list of some of the accounts and their December 31, 2016, balances for J.
Paul Rice Company. J. Paul Rice uses a perpetual inve
Accounting Cycle Homework
Silver Lining, Inc, provides investment advisor services and organized as a corporation with capital stock.
The company adjusts its accounts monthly, but performs closing entries annually on December 31. The
firms unadjusted tria
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Flexible Budget Exercises
Top managers of Smart Touch predicted June 2010 sales of 8,000 units of its product at a unit
price of $12. Actual sales for the year were 7,000 units at $12.50 each. Variable cost were
budgeted at $8 per unit, and act
Big Foot Co produces sports socks. The company has fixed expenses of $85,000, and a
variable expenses of $0.85 per package. Each package sells for $1.70.
(a) Compute the contribution margin per package and the contribution
T Sdn Bhd acquired a new machine at cost RM100,000 on 1/4/2013.
Full month depreciation provision is applied.
The company closes annual accounts on 31 December.
(a) Compute depreciation for year 2013 and 2014 based on
(i) Straight line
1) Start a business with RM 100,000 in the bank and RM 50,000 cash
2) Purchased goods from Mydin Seafood SDN BHD RM10,000, Biggin
Noodle SDN BHD RM 5,000, Q.Herd Food RM 25,000.
Paid electricity & water RM1,000 cash
Bought vans paying
Accounting Process Department
1. Step 1: When sales department makes a sale, they will give the payment
to accounting department.
2. Step 2: After receiving the payment from sales department, accounting
department have to record it clearly so that we know
Q2 Identify/create FIVE (5) bestselling products and explain briefly your business.
We have choose frozen foods out of 4 items that we can choose. Our company J&L
Sdn Bhd has 5 bestselling products. Firstly, we have J&L Pizza Slices that is ver
will receive aa copy
After I have done this assignment, I notice that starting up a business is not so easy
and plus we need a huge sum of capital as our funds to run the business. In this
assignment, we are doing 5 types of frozen foods that is J&L Pizza Slice,
Income statement for the month ended 31 January 2015
Less: Cost of goods sold
Add Return Outwards
Q1. Describe the shortcomings of traditional approaches to overhead cost
Traditional costing assigns manufacturing overhead based on the volume of a cost
driver, such as the amount of direct labour hours needed to produce an item. A c
SWOT analysis is a tool that identifies the strengths, weaknesses, opportunities
and threats of an organization. The purpose of SWOT analysis is to reflect on internal
(strengths & weaknesses) and external (opportunities & threats) environme
Question 5 (5-27)
(a) Manufacturing support costs are the overhead costs associated with
the production process. These costs are relatively fixed, with no direct
relationship to the volume of units produced. It includes all indirect
production costs and c
What is an incident/accident
It reports something that happened.
Commonly used in the workplace to report the
facts about :
serious illness that result in a 911 call
health and safety issues
Analysing Financial Statements
Why analyse the financial
Assessment of the past, present and the
anticipated future condition.
Objective is to identify the weaknesses as
well as strengths of a business.
Ratios help assess the company
Ethics is the science of morals in human conduct - i.e. determining what is the right or wrong course of
action. This page looks in detail at different theories of ethics.
Different approaches to ethics
Absolutism and relativism
Lecture 1- Reading Skills
Introduction to Course
expose students to the various formats and
conventions of report writing
equip students with the skills and strategies
to write effective reports
UNIVERSITI TUNKU ABDUL RAHMAN
FACULTY OF ACCOUNTANCY AND MANAGEMENT
Tutorial 1 and 2
Bachelor of (Hons) Accounting
Jun 2016 Trimester
Tutorial Questions Integrated Case Study UKAM4024
1. S Bhd is a company selling cameras. The management wants to r
MERGER AND ACQUSITION
It is crucial for companies to reorganize its business within the group to achieve tax efficiency
and maintain competitiveness.
In implementing such steps one should ensure that the reorganization scheme is carried out a
Statement of profit for the year ended 31st December 2005
Less Current Liabilities
Make a thorough research on the above company. Explain the legal and regulatory influences on
Nissan Malaysia, Tan Chong Motors financial statements and assess it implication for users.
Explain how accounting a
AMERICAN DEGREE PROGRAM
ACCT 201 TEST 1
Indicate the effect of each of the following transaction on the accounting equation:
Assets = Liabilities + Owners Equity by listing (increase); (decrease); NE (no