Acc 211 Week 2 Case Study

Sony have been known worldwide as a Japanese multinational company, its efforts trying to expanding business in United States, have made that Sony acquires CBS Records and Columbia Pictures. Thus, creating Sony Music and Sony Pictures, which represent Sony entertainment. This involved to the company in $1.2 billion of debt, and assigned goodwill assets for $3.8 billion.

The company position is strong enough so its better that company should use debt financing instead of equity financing.

Richards adopts a teleological-parochialism position 1 to justify that his actions are ethical, 2 even though they are illegal (Baugher & Weisbord, 2009). 3 Richards argues that his actions are ethical as they resulted in desirable consequences, in the form of better sales/performance figures, which met analyst forecasts and positively affected shareholder value (Radtke, 2004; Fernando, Dharmage, & Almeida, 2008). 4 He acted in the interests of his ‘in-group’ (other executives/managers), maximising their performance-based compensation, 5 at the expense of others (Barnett, Bass, & Brown, 1994). 6 Richards also claims that his actions were not serious, as recognising revenues

Before diving directly into the article from the Governmental Accounting Standards Board (GASB) titled Governments to Report Liabilities Connected with Their Obligations to Clean Up Pollution (2006), one must first take a step back and take time to read, comprehend, and take to heart exactly what this organization stands for. Taken directly from their main web page under the tab labeled Education, the first thing seen in big, bold, blue letters is, “Due Process: The GASB Is Listening” followed by a definition of what listening means, “to hear with thoughtful attention”. When researching a little more into the GASB, it is easy to see how crucial listening truly is for them in order to fully accomplish their

As one of four children, chores should by split equally amongst the children, so that each child is not overwhelmed by duties. There will two chores assigned to me daily. On top of the two daily chores, each child shall mow when permitted once a month. When the season calls for snow, every child shall help shovel the driveway. Nikole Miller chose the chores, done by each child daily, at the beginning of each week.

1) Complete summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.

Thirdly, at the product activity level, the two Operations costs are likely to vary mainly with the Number of Units Produced and the three Sales costs are also likely to vary mainly with the Number of Units Produced.

Unit CM= $160 average full passenger fare – $70 average variable cost per passenger =$ 90

There have been some positive and negative issues arise in regards to their internal controls. However, the LBJ Company needs to be acknowledged for what they are doing

Generally, product expenses include all those costs associated with the acquisition, manufacture or production of a product. Drury (2007)

Accounting 260 Major assignment Kowloon Tong ltd- Jordan ltd 1. Acquisition analysis at 1 July 2008 Net fair value of identifiable assets and liabilities of Jordan ltd = 60000 +30000 +21000+6000 +6000(1-30%) Inventory +1000(1-30%) Machinery +6000(1-30%)

The other option would have been to tell the client to go home and phone her ACC case worker herself. In this situation I feel that the issue could have become much worse as the client was emotional. The communication may have been compromised and her expectations and prejudices would of justifiable. Reflecting on barriers although I feel that I handled them well the barrier that I could have avoided was insuffient knowledge on the subject so for further personal improvement I intend to research in more depth CRPS including sihns and symptoms, which is at risk and medication that is used to manage the condition. I would also like to explore further into the ACC system and how it works regarding funding for non listed medicines in the pharmaceutical

It has been argued that all costs incurred by company can be included as part of Manufacturing costs. This is debatable question but usually in a manufacturing company there is a manufacturing cost and period cost where only manufacturing cost is inventoriable. Anything that is not integral part of final product is considered period cost and it is management decision (but rational decision) based on the business and the form in which product is sold, to decide on the criterion.

Having reviewed these key areas and confirming them as coalescing from one core problem, the lack of proper planning, it is possible to come up with solutions to each problem as it stands currently. A quick solution to all these problems is to call Monica and inform her that the trainees won’t be ready by July 15th, and attempt to push the deadline back in order to complete all the required tasks without rushing. I find this one inadvisable, however, because it causes a setback for Monica herself, and it proceeds to cause further setbacks down the line, causing a ripple effect of delayed projects. These are called concurrent delays, or delays that cause further delays (Singh & Associates, 2014).

This paper explains the difference between Product cost and Period cost, which plays a vital role in generating income statement by most of the companies. It also explores what parameters to be considered by company for the calculation of product and period costs and also explains what makes difference in the generation of income statement for merchandising companies and manufacturing companies. Different articles explained in a different way how the inventory costs are used differently by merchandise and manufacturing companies. This paper examines the difference in the calculation of income statement in order to fully understand how product and period cost varies.