Accounting Sample : Page - 5

Task A1: Complete Budgeted Income StatementThe budget which is prepared is based on a quarter and the budget shows both actual and budgeted results of ACA Travel Agency. The main source of revenue of the business is through international package, domestic packages, international air travel and domestic air travel. The budgeted estimate which is made by the business in case of revenues of the business is shown to be $ 2,508,000 and the actual r...

Definition of Recoverable Amount in Impairment AccountingEvery company having assets in their balance sheet has to deal with concept of recoverable amount which has been determined using principles and concepts as laid in AASB 136/IAS 36 – Impairment of Assets.   According to Australian Accounting Standard Board 136 which deals with impairment of Assets, the recoverable amount for financial accounting implies the greater of market ...

TBR Infra PVT Ltd.Activity-Based Costing (ABC) has been significance since the 1980s since it stays away from cost twists and gives a method see which traditional cost accounting can't give. Activity-Based Costing is based on a "stream see" in progress speculation in that ABC gets two-arranged costing, i.e., assets are doled out to exercises and exercises are doled out to cost objects (Cardos, I.R. 2010) [4]. The construction market is very...

Computation of Key Financial Ratios of the CompaniesThe assessment is subdivided into two parts which is task 1 and task 2 and both the parts are covered in the discussion section. The first part analyzes the business of two companies which are Marks and Spencer and Next Plc which is operating in the same industry. The purpose of the analysis is to understand which business is performing better in financial terms. The first part shows applica...

Objectives of AASB 13The Australian Accounting Standard Board (AASB) aims at formulating such Australian Accounting Standards that includes interpretations and are required to be applied by : Organizations required to present and prepare financial reports according to Corporations Act 2001 ; Governments who are required to prepare financial reports for the entire General Government Sector (GGS) ; Reporting entities whether they are profit...

Answer: Assumptions:  In this document the information has been provided to fill Certificate IV for Mortgage Loan. Due to lack of information number of fields have been left vacant. It is important to note that the monthly food and other expenses have been assumed to complete the document (Reed, 2016). In respect of various fees where no particular information has been given it has been assumed no such fees are required to be paid for th...

Project OverviewThis research paper covers the building of a manufacturing facility for developing reinforcing steel for the Queensland construction market. The preliminary designs of both factory and the manufacturing processes for the reinforcing steel bars and the mesh are also covered in this paper. The manufacturing process is the step of transforming the raw materials into the final product and it has a complete chain which is circular. ...

Acquisition analysis Share capital    100,000 Retained earnings    175,000 Plant      21,000 Computer equipment      14,000 Net fair value of identifiable assets and liabilities    310,000 Net fair value of identifiable assets and liabilities  ...

Challenges in the Accounting SectorPerformance of accountants at Caltex can be influenced by many things and concept and theories are some of the many ways. Managerial performance is the measurement of managers productivity in a company, through the evaluation of the quality and quantity of the fulfillment of the goals that were set by the budget, effectiveness of the practices conducted by the accountants, and finally the total number of in...

The ATM Use CasesAn automated teller machine is an electronic telecommunication device which are used by banks or other money-dealing organizations in order to server their clients or customers. A bank ATM (Automated Teller Machine) is one that helps its customers to interact with the bank and fulfill their purposes even without the need to visit the bank premises. In this report, an ATM system will be designed for a retail bank keeping in min...

Requirements for LMM AccountingThe case study considered for this report is a local start-up firm named as LMM Accounting. This is a small local firm that runs small business on a part time basis from home itself. The owner of the company now wants to expand its business to next level by employing employees on full time basis and also wants to run his business from some local business hub. The local business hubs are defined where number of sm...

Background and AbstractA report has been prepared having 2 questions. The 1st question includes the profit and loss account and the balance sheet based on which the profitability and liquidity ratios have been calculated for the 2 companies ABC Ltd and XYZ Ltd and the performance of the companies have been analysed based on the same (Boccia & Leonardi, 2016). Furthermore the inventory turnover ratio as well as inventory turnover ...

Management AccountingIn the given case, the CEO of Pearson company is in need of the management accountant as he has heard that the management accounting system can be very beneficial for the company in terms of providing both the financial as well as non-financial information to the managers as well as the employees (Bromwich & Scapens, 2016) Management accounting is a branch of accounting which provided the analysis of the financ...

Foreign Exchange RiskThe audit of a business is a critical process and the purpose for the same is to identify material misstatements which can affect the quality of financial reporting which is used by every business for the purpose of recording and classifying financial information of a business. In many cases, the audit of a business can also be affected by certain key events or disclosures which are of significant nature. In this case, the a...

Investigation of the Scenario1.1 1. Using the above information and The Customer Charter, investigate this scenario. Make recommendations below to the Customer and Despatch / Supply Manager, on how you would research, clarify and assess customer needs and include in the planning process.     As indicated in the Customer Charter, customer concerns are taken under consideration with empathy and respect. Training of staffs is ess...

Activity-Based Costing MethodIt can be clearly observed in the 21st century that the business environment of change the lord and made it more challenging to conduct of business. The increasing demands of also holds did the banks to provide the customers with the new type of services and products that we can fulfil the market requirements. New techniques are used in order to fetch funds from the public by the banks. Technological measures have ...

Overview of Orora LimitedThis assignment is based on the consideration of the accounting theory concepts and critical analysis on the application of the General purpose financial reporting made by the corporations. This is intended to evaluate the effectiveness of the corporation to meet its obligations of conceptual framework of accounting (Arnott, et al., 2017). In order to serve this purpose one of the ASX Top 100 listed company namin...

Answer: Introduction:  In order to provide in-depth discussion on the subject of bond interest structure, forwards rates and bonds spread it is firstly essential to select two different bond issuers. The document brief has asked to consider two bonds of sovereign nations or use two corporate bonds. However, with the objective of selecting two bonds issuer who shall have both the elements of corporates and two sovereign nations European B...

Accounting-based Bonus Plans and Conservative Accounting Methods1. In case, accounting-based bonus plans are used for rewarding the senior managers within an organisation, they would not prefer conservative accounting methods. The methods need a degree of verification before any legal claim is made for profit. The recognition of expenses or losses would be made at the time they are incurred (Brigham et al., 2016). Hence, it would not be possib...

Yield to Maturity (YTM)1. a) Yield to maturity is the rate that is used to discount the future cash flows associated with the bond. Typically it is the return earned by the bondholder for purchasing and holding the bonds till their maturity. This rate equates the present value of the cash flows related to bond with their current market price. YTM is also referred as internal rate of return or the market interest rate (Stack Exchange, 2018). Par...

Differences between Management Accounting and Financial AccountingIt is quite often being said that the management accounting and financial accounting differs in a number of ways, the former being forward looking and the latter being backward looking having a post facto analysis. Though both of these have the common end objective of better future for the organization, however, management accounting is much broader than the financial accounting...

Task 1Westpac was established in 1817 and there are more than 35,200 employees who are assisting more than 12 Million customers in Australia, New Zealand and also in the Asia Pacific Region (Westpac, 2018). In this report, the discussion will be made on the Westpac Company. Strategies deployed by Westpac Company  It is important to consider effective strategies by the companies as it can help to enhance the growth in the competit...

Part 1: Analysis of GSK Plc profitabilityThe report deals with four parts, which provide understanding about different topics. The first part covers the profitability analysis of GSK Plc for the year 2016-17 by calculating key financial ratios for the company. The outcomes of the ratios are then compared to its competitor AstraZeneca Plc, a company operating in the same industry. The second part provides insights about the concept of Zero-base...

Situational AnalysisThe marketing audit is one of the most success-critical factors for every business. It is significant for companies of every size to think of undertaking a marketing audit with the purpose of recognizing and reviewing the present position of brand marketing related activities and assist in reducing future expenditure. In the opinion of Baker (2014), it can be stated that predominantly for the SMEs (small to medium enterpris...

DiscussionThe assessment aims to evaluate the annual report of Medibank for the year 2018 for the purpose of assessing the conceptual framework which is followed by the business. The assessment also aims to analyze a new article which is related to the company and the article is related to the dissatisfaction of the customers and also loss of market shares from the core products of the business. The article clearly states that the business is we...