A production supervisor's salary that does not vary with the number of units produced is
an example of a fixed cost.
Total fixed costs change as the level of activity changes.
Variable costs are costs
IFRS for SMEs
Small and medium-sized entities (SMEs) dominate the business world. In virtually every jurisdiction,
from the largest economies down to the smallest, over 99% of companies have fewer than 50 employees.
There are 21 million SM
Common Figures of Speech
The ancient Greeks and Romans divided gures of speech into tropes and schemes. Tropes are
gures that change the meaning of a word or words: they involve word choice. Schemes are gures that
name various arrangements and patterns wi
ACCOUNTING CHANGES AND ERROR ANALYSIS
A change in accounting principle is a change that occurs as the result of new information
or additional experience.
Errors in financial statements result from mathematical mistakes or oversi
For students (undergraduates)
For graduates and professionals
1. Enrollment form/Registration Form
2. Two pieces ID Pictures any size
3. Two photocopies of school registration OR
4. (this is required to be considered
Certified Accounting Technician
Registered Cost Accountant
Topnotch CAT Reviewers
The CAT Program is a globally recognized program of the National
Institute of Accounting Technicians (NIAT) that grants
FULL DISCLOSURE IN FINANCIAL REPORTING
FASB standards directly affect financial statements, notes to the financial statements,
and managements discussion and analysis.
The SEC requires that companies report to it certain substan
Chapter 5 Cost Behavior & Cost-Volume-Profit Analysis
I. Identifying Cost Behavior (CVP analysis) Cost-volume-profit analysis is a tool to predict
how changes in costs and sales levels affect income. CVP analysis involves computing the
1. Alliteration-Alliteration is the repetition of initial consonant sounds in
successive or closely associated words. Peter Piper picked a peck of pickled
2. Assonance-Assonance (slant rhyme) is the resemblance
COST OF CAPITAL (Chapter 11)
The major theme of the last few sections of notes has been valuationthat is, the time value of money
concepts provides you with the computations to determine the value of any asset; the valuation section
showed you how to dete
Acco u n t i n g
OUR S TUDENTS
MAKE THE NE WS
www. te l fe r .uO ttawa.c a
Telfer School of Management
Honours BCom with Specialization in Accounting
Available in co-op and French immersion.
An essential commercial and administrative activity
relevant to acca qualification paper F5
In any business, or, indeed, in life
in general, hindsight is a beautiful
thing. If only we could look into a
crystal ball and find out exactly how
many customers were going to buy
Figures of Speech
A figure of speech expresses an idea, thought, or image with words which carry meanings
beyond their literal ones. Figures of speech give extra dimension to language by stimulating
the imagination and evoking visual, sensual imagery; suc
Cost of Living Comparison Between Australia and New
Consumer Prices in New Zealand are 10.39% lower than in Australia
Consumer Prices Including Rent in New Zealand are 17.04% lower than in Australia
Rent Prices in New Zealand ar
1. Management accounting focuses primarily on providing data for:
a. External uses by stockholders and creditors.
b. Internal uses by managers.
c. External uses by the Securities and Exchange Commission.
d. External uses by the Internal Reven