Accounting Sample : Page - 6

Company OverviewAccounting refers to the process that must be followed by the entities to record the business transactions, present them in a fair and transparent manner and thereby enabling the various stakeholders to form informed judgements about the financial and overall performance (Chand, Patel and White, 2015). The regulatory bodies prescribe a framework comprising of the guidelines, policies, and procedures that must be adhered to while ...

Role of financial accounting in internal and external environment Question 1: Difference between capital expenditure and revenue expenditure: Capital expenditure of an entity represents about the expenses on the fixed assets which is expected to improve the productivity of an asset for a long time whereas the revenue expenditure of an entity is the total cost which is associated to particular revenue transaction such as cost of goods so...

Case 1: Short-term and Long-term Debt FinancingCase 1 From: STUDENT NAME, Consultant To: CEO & Audit Committee Date: November 12, 2017 Subject: Critical analysis of short term & long term financing Dear Sir Financing is crucial for the smooth functioning and expansion of any business. With regards to various sources of financing, some provide short term financing such as commercial papers and working capital loans. On the ot...

Advantages and Disadvantages of Fair Value Accounting (FVA)The main purpose of this assessment is to analyze the concept of fair value accounting and how the same has affect the overall accounting process. The concept of fair value has an important significance in accounting and is used for measuring the assets and liabilities of the business. The fair value accounting principle requires businesses to value their assets and liabilities at curren...

External Costs and Inefficient Resource AllocationExternal benefits or external cost either in consumption or in production process interrupts efficient resource allocation. These are benefits or costs that though present in economic transaction but are not accounted by the direct parties involve in the transaction. Such benefits and costs are thus not reflected in the market price. External cost refers to the additional cost present in the pr...

Overview of Vallée de Goût's Business and Service ChallengesVallée de Goût is a French Cuisine that has been growing with steady rate due to the contemporary fine dining and luxurious comfort at their restaurant. The quality standard can be rated high however, the handling of overcrowded customers during weekends are not being managed by the restaurant due to several human errors. Introduction of a sophisticated Infor...

Learning Objectives AchievedAnswer: Vitragroup is one of the world's largest manufacturer of commercial facade panels. The company manufactures a wide range of facade products, in addition to being the leading producer of coating applicators of wall cladding panels and products with super high performance and flexibility. Our inspiration comes from our vision to be the world's leading manufacturer of quality facade and cladding products; throu...

Medicare Levy 1.50%   Employees worked 7 hours or more overtime in this pay period                     Period ending 11-10-2018   Given Name Last Name Week 1 OT Hours Week 2 OT Hours                         Overtime Rate 1.5   Smith Aeddula 8 3       ...

Assessment Description:The Business-to-Business (B2B) model of e-commerce has been primarily chosen for the conduction of the assessment. The B2B is regarded as a form of business model in which more than two business would be able to interact with each other in daily business transactions (Janita and Miranda 2013). This process involves the form of business transactions among each of the businesses. These kind of business transactions involve...

Classification of Items Accounting for share capital Work note 1 Table for shares Applied, Allocated, Cash received related to application & Excess cash received. Applied Allocated 6,000,000 5,000,000 No. Of shares No. Of shares allocated (B) Total cash received (C) Cash received that related to application Excess cash received from applicati...

Introduction and backgroundThe auditors are currently responsible for both the civil as well as the criminal offences. The criminal offences takes place when the companies breaches the rules and the regulations that have bene imposed by the government. There are mainly 2 types of laws, one being criminal which deals with the transactions between the entity and the state and the civil law that deals with the transactions between the individual ...

Client’s Details Client Details Applicant's details Clients Clients First name/s Jacqueline Hugh McDowall Surname McDowall McDowall Number of dependant None None Relationship Wife Husband Employment status Full time Full time Occupation Nurse Truck Driver ...

Nature of Enterprise and Processes Selected by the OrganizationBusiness organization have been facing a lot of dynamic challenges with the change in the time. In this globalized time, businesses have been requiring various strategic thinking for developing their businesses in the market. The proficiency of the tasks have been expanded in the advancement of organization in the market. The transportation arrangement of the organization has been ...

Overview of Trunkey Creek WineThe mechanism of ratio analysis refers to the financial statement assessment for obtaining the financial performance company measurement in the major areas of the business. For the current organization of Trunkey Creek wine that is chosen the accounts which are to be examined includes investments, accounts receivables, marketing expense and property assets. In this section, risk of audit deals is analyzed that dea...

Behavior, Contingency, and Influence Theories of Leadership The term leadership, when it comes to business, can be defined as the ability of the management of an organization to set as well as achieve challenging goals, outperform the competitors, take swift and decisive action and finally provide effective intrinsic as well as extrinsic motivation to the followers so that an enhancement in the yearly revenue can be obtained. From time immemori...

Importance of Ethics in AccountingThe use of ethics in accounting is in general concerned with making good and moral decisions in relation to transparency and disclosure of financial information. However, over prediction of financials would not be breach of ethics. This is due to the reason that, failure to maintain transparency and disclose relevant financial information to the investors would actually affect the decision of the investors (Le...

IAS 16 Compliance for Carrying Value Determination1.The determination of carrying amount of Property, Plant and Equipment needs to be in compliance with IAS 16 which deals with Property, Plants and Equipment. As per the provisions which are stated in IAS 16.43, in case the business uses cost model, each part of the property, plant and equipment with a cost which is considered to be significant in relation to the total cost of the asset must be...

What is a Contract of Service?A ‘Contract of Service’ explains the association between employer and employee. It comprises of the terms and conditions of employment such as essential clauses, eh scope of the job and hours of work. Thus a contract of service is an agreement in which one individual express his consent to appoint other person as his employee and the other individual approves to assist the employer as an employee. The ...

Benefits and drawbacks of standard costing techniquesThe main motive of this report is to analyze that how the tool of management accounting helps in attainment of growth as well as success for an organization. In this report, two articles have been taken into consideration for the correct use of the standard costing so that the correct results for same can be revealed. Also, different questions are taken into consideration which has to b...

Inventory Management and Optimal OperationsInventory management is major part for logistic operations as the decisions made with regard to storage area, stock levels and order quantity that has considerable impact on cost of inventory and risk of being out of the stock. Further, it is associated with timely replenishment of operations, availability of shelf and relationship with the customers. Optimal method of inventory management controls ...

The role of assets in hotel managementAccording to Campbell, Jardine and McGlynn (2016) Asset Management is the method of maintaining and effectively utilization of assets of the company. The primary role of assets in hotel management is all about earning revenue and proper utilization of the assets. Where tangible assets usually has a bigger impact on the working of the hotel industry, intangible assets often plays crucial factors in determin...

Organizational Strategies of UberThroughout this report, you will find a comprehensive analysis of the organizational strategies that lie within Uber. This report is written concerning the issues raised surrounding the underpayment of Uber drivers whereby a negative outlook and work environment is created. Uber is a privately-owned company that continues to expand exponentially worldwide founded in March 2009 by Travis Kalanick and Garrett Cam...

Findings and AnalysisCrowdfunding has become a popular technique of raising money for special projects, ideas including events. The concept grew by leaps and bounds in the last couple of years due to the upward trajectory of the start- up culture across the globe. Thus, a wave of organization including funders have come together to help build the momentum of the start-up culture. Crowdfunding is of great importance to people who have brilliant...

The Importance of Management AccountingThe Management Accounting, for any organisation, is an important aspect in the financial system which helps manage and evaluate the business performance effectively. It facilitates the effective decision making through the collection and reporting of internal financial information. Long and short term strategic decisions can be made by the owner of any corporation timely by the critical evaluation and ass...

Preliminary Analytical Review Introduction An audit planning (ASA 300) report has been prepared for one of the small companies. The trial balance of the entity has been given and based on the same the preliminary analytical review has been done. As a part of the audit procedures, the materiality level has been determined and also the common size income statement and the trend analysis has been prepared for the 2 given years to find out the m...