Accounting Sample : Page - 2

The concept of consolidated financial statements World Retailing Ltd Consolidation/Elimination Journal Entry Particulars Debit Credit Elimination of Investment Share capital  $ 160,000.00 Retained earnings  $   80,000.00 Revaluation surplus  $ 100,000.00 Goodwill  $ 244,000.00 ...

Understanding of Warehouse Management SystemsThe Warehouse Management System (WMS) is a kind of circulation focus organization structure and in addition Stockroom organization systems, which is manages different key bit of the generation arrange and fundamentally hopes to control the advancement and limit of materials inside a stockroom and methodology the related exchanges, including transportation, escaping, and picking (Lyon et al. 2017)....

History Of Lehman Brother And Its CollapseThe study is prepared describing the Auditing Issues involved in Lehman Brother and the impact of these issues on the collapse of Lehman Brother along with the reasons for introduction and taking effect of ASA 701-Key matters in the audit report of the company. At the start of the study History of Lehman Brother has been discussed to understand the working and practices of the company with the causes beh...

Answer: Answer to question 1: In the Books of Chili Journal Entries Date Particulars Debit Credit  01-01-2017 Bank A/c………………………………Dr  € 3,00,000.00     To Share Application A/c    € 3,00,000.00   (Being share app...

Answer: Introduction Principles of accounting may be defined as broad underlying concept which guides bookkeepers while preparing financial statements. According to Bradbury & Schröder (2012), this report presents the financial statements of a new restaurant Apple which includes journal entries, ledger accounts, trial balance, income statement and balance sheet of restaurant for recording the daily business transactions in the books ...

Doctrine of Judicial PrecedentThe judges in the lower courts follow the practice of following the decisions already decided by the higher courts. The process when the judges follow the decisions of the previously decided cases we call it as Judicial Precedent (Chaney and Martin 2013). The doctrine is a source of law where the past decisions regarded as law for the judges to decide in any similar case in future. The doctrine of judicial preceden...

Background of the CompaniesThe following report aims to present the discussion on the strength and weakness of the company’s capabilities together with the discussion on relevant issues in the theory used by the companies. In order to present the discussion, Coca- Cola Amati and Pacific diaries beverage companies have been selected that incorporates identification of relevant accounting theory. The assignment covers the discussion based ...

Answer: Acquisition Analysis: Particulars   Fair Value Carrying Amount Net Fair Value Share Capital   0 0 380000 General Reserve   0 0 52000 Retained Earnings   0 0 40000 Plant & Machinery   199000 187000 12000 Net Fair Value of Identifiable Assets &...

Competitive rivalry among five suppliers of computer brandsAnswer to question 1 The classmates or the students can be able to provide an analysis of the competitive rivalry among the five suppliers of computer brands. This is due to the little differentiation in the supplier power of the personal computer. The rivalry also occurs due to the costing correlated with changing suppliers, the other reason is the buyer power that originates from th...

Conceptual Framework and its ApplicabilityConceptual framework can be thought of as the foundations of the term accounting as it defines it. On an attempt to potentially strengthen the accounting levels it is necessary that this framework analyses both the theoretical and the practical points attached to the financial report and explains it logically and on a steady basis. A lot of information on this topic has already been constructed and bro...

Answer to Question 1: Job costing Part A Raw Material Account Particular Amount Particular Amount Opening balance  $   16,755.00 Work-in-progress  $     2,010.00 Raw material  $     5,255.00 Closing Stock of Raw material  $   20,000.00 Total  $   22,010....

This is a report for Melbourne Cricket Club asset management and will be defined by many factors .ISO55000 is not a standard for asset management; is a standard for management systems. It does not provide details of how to manage assets, but simply provides the elements that must be carried out for a management system (for example, it is a characterization of a business management system that casually has to do with management of the teams),...

Answers: Assignment Part 1 Month No of Days       Total Cakes (1) Oven electricity usage (kwh) (2)Other electricity usage (kwh) (3) Total electricity usage (kwh) Cake 1 Cake 2 Cake 3 1 31     5,700.00     1,900.00     1,900.00          9,500.00 ...

Manufacturing Overheads(a)  It is important to have a brief description of manufacturing overheads first. Also known as production cost, factory overhead & factory burden, manufacturing overheads are incurred in a factory’s manufacturing processes. The cost incurred in the factory for the production purpose other than direct Labour and direct materials cost  is termed as manufacturing overhead cost. This is why, it is often...

Fundamental CharacteristicsThe objective of this report is to assess how the capital market participants use operating lease in the off-balance sheet at the time of evaluation of the credit risks of the organizations. The study will focus on the risks that are associated with the operating lease. It will also focus on the accounting information and its treatment in the balance sheet with regard to the operating lease. From the economical aspec...

Inventory Management in SupermarketsInventory management is proper supervision of different stock as well as assets items. Inventory is the idle stock of goods of a respective company that holds economic value that can be held in different forms in the packaging as well as processing or sale in the near future. The report is based on Woolworths Company based in Australia wherein proper inventory management has to be maintained by them in order...

Identifying Beneficial and Detrimental Interactions1: The operations consist of strategic production, infrastructure management and land management. The operations also consist of integrating the functions of different sectors and enterprises, development and implementation and overlook the production system. The different sectors are agricultural sectors and horticultural sectors. 2: The plans developed to manage agricultural and horticul...

Portfolio Management ModelsProduct portfolio management is powerful decision process that involves constantly updating and revising a variety of new products and expansion projects. In an organization, it is stirred by the availability of various challenges in the market (Foxall, 2014). Available resources and the product cycle stage of the product determine the portfolio management process (Jugend, 2016). In the process, new product...

Explaining the pricing strategy for HWLThe relevant declining pricing strategy is mainly used by the organisation, as the popularity of the solar panels is relatively going to diminishing in three years. Hence, the organisation could adequately choose the depicted prices of the units produced, as it might help in identifying the overall viability of the project (Armstrong 2014). Calculating target cost per unit Year ...

Explanation of the Assumptions:The explanations to the assumptions follows that the revenue derived from the occasion with little amount of overhead. This provides the occasion with the speedy break-even point with little amount of overhead (Akintoye, 2014). Prior to arriving at the net profit tax rates are taken into the considerations for information. The event will not carry any loan burden which would be effected by the rate of tax. An ...

CrowdfundingTitle: Research on different aspects and the laws surrounding crowdfunding Capital is a key requirement for any company as for buying the inputs, for paying salaries, for buying land, equipments and for numerous other works of any business, capital is needed. There are different manners in which a company can raise its capital. The conventional methods include issue of shares, debentures, taking loans and the like. However, the un...

Question 1 Particulars Amount ($) Revenue 4.50% 700000 Agency Revenue 31500 Fixed costs Office Rent 3400 depreciation of office furniture 390 electricity 640 multi-line telephone system 380 computer cabling connection 480 ...

Answering Question 1: Differences between management accounting and financial accountingAnswer 1 (1): Accounting is a vast field. In order to simplify the knowledge and its application it has been divided into management accounting and financial accounting. These two are very different from each other. In the discussion below we will discuss these differences: Objectives: the objective of financial accounting is to disclose and present the...