TIẾNG ANH CHUYÊN NGÀNH KẾ TOÁN BÀI 1

ited liability for its stockholders, the subchapter S corporation has affirmativelyChoosing a Business Form 253elected to be taxed similarly to a partnership. Thus, like the partnership, it isnot a separate taxable entity and files only an informational return. Profits ap-pear on the tax returns of[r]

Budgeted statement of financial position (balance sheet)Budgeted statement of cash flows184 Understanding the NumbersEXHIBIT 6.5 C&G’s Gift Shop: 2000 cash budget.LineAssumptions Nov-99 Dec-99 Jan Feb Mar1 Total sales—units 5000 6430 3680 3530 27602 Selling price 100 100 100 100 1003[r]

with budgeted projections. Most managers want to know what is expected ofthem so that they can monitor their own performance. Budgets help to providethat information. Of course, managers can also be evaluated on other criteria,but it is valuable to have some quantifiable measure of performance.Cost[r]

The first edition of this book was published in 1992, and the second edi-tion in 1997. Both editions, hardback and paperback, have been highly success-ful and have sold many, many copies. In addition, the book has been translatedinto Chinese (Cantonese and Mandarin), French, Indonesian, Portuguese,[r]

188 Understanding the NumbersCapital Expenditure Budget (26)The capital expenditure budget is one of the components of the financial bud-get. Each of the components has its own unique contribution to make towardthe effective planning and control of business operations. Some components,however, are p[r]

following personal-productivity programs:• Word processing.•Spreadsheets.• Presentation graphics.• Databases.• Personal finance.• Project management.Most of the popular packages are available as application suites that in-clude word processing, spreadsheets, graphics, and sometimes database man-agem[r]

that capture not only our productivity but also the value that we are adding toour customers. For instance, we know from the newspapers that the firm savedthe Prescots tens of thousands of dollars. That was a very successful case forthem, and that needs noting. What we really need is a balanced scor[r]

Labor 300 U 300 F 0Variable overhead 450 U 750 F 300 F214 Understanding the Numbers“To take an obvious example, most automobiles have one battery, and anengineering statement would so state. A perfection standard would call for 1battery per automobile. When it comes to actual production, howe[r]

For example, cell B4, which calculates the cost of goods sold for the month of January, contains the formula that requires the spread-sheet to multiply the cost-of-goods-sold percentage [r]

118 Understanding the Numbersis called visual fit because one simply draws a straight line through the datathat “best fits” the pattern (see Exhibit 3.13). The point where this line inter-sects the y-axis yields an estimate of the fixed cost component—those coststhat exist even without any sales act[r]

7c. Unusual charge note 0 100 0 1007d. Segment and related information note 0 100 0 100Total nonrecurring items 17 100% 12 100%aFive percent or more of the amount of the net income or net loss, on a tax-adjusted basis.92 Understanding the NumbersColumn 3: Same as column 1 except only material[r]

sell? That’s what I want to know.”“What we do is take the total required sales of $1.130 million and split itby your revenue mix percentages. Given your expected mix estimates, half ofyour revenues will come from sales of books, or $564,315; seven-sixteenthsfrom packages, or $493,776; and the other[r]

37. A hedge of foreign-currency exposure is achieved by creating an offsettingposition to the financial statement exposure. The most common offsetting position isestablished by the use of a foreign-currency derivative. These issues are discussedmore fully in Chapter 12.38. These alternative translat[r]

(“SFAS”) No. 121, Accounting for the Impairment of Long-lived Assets and for Long-livedAssets to be Disposed Of, effective October 1, 1996. The statement sets forth guidance as towhen to recognize an impairment of long-lived assets, including goodwill, and how to mea-sure such an impairment.[r]

$1,275,000 $825,000 $2,100,000 $0.174 [$1,275/7,300]System usage 20,000 × 365 days 7,300,000 transactions/dayUseful capacity 80,000 × 365 days 29,200,000 transactions/day $0.044 [$1,275/29,200]144 Understanding the NumbersDenise concluded: “So, it looks like the keys to success for ETN/W arethreefol[r]

47THE SUSTAINABLE EARNINGS WORKSHEETThe sustainable earnings worksheet is shown in Exhibit 2.26. Detailed instruc-tions on completing the worksheet follow:1. Net income or loss is recorded on the top line of the worksheet.2. All identified items of nonrecurring expense or loss, which were inc[r]

“What do they do?”This dialog went on for another hour, with Denise at a blackboard captur-ing their discussion. After many edits the group arrived at the following. Theprocess map for ETN/W had three sequential steps:1. Customer Capture.2. Customer Loading onto the network.3. Transaction Pro[r]

and make them available to the internal and external auditors whocheck the accounts. Bookkeepers are not to be confused with librarians,who also keep books, or with bookmakers, who ‘make books’ in the sense that they acceptbets (on horse races, etc.) and traditionally wrote them down in a book like[r]

FINANCIAL STATEMENTS31Unit 3: Financial statementsUNIT OBJECTIVES - MỤC TIÊU DURATION (9 periods) - THỜI LƯỢNG HỌC (9 TIẾT)• Provide students with the language and knowledge related to main types of financial statements.Cung cấp cho sinh viên vốn ngôn ngữ và kiến thức liên quan đến các loại báo cáo[r]

from the liability. 4 Board of Directors D A group of persons elected by stockholders torun a corporation.5 Dividend (n) E The contract telling the terms and conditionsof a partnership6 Entity (n) F Business owned by two or more individuals7 Expertise (n) G A share of the profits of a corporation wh[r]