Briefly differentiate between activity-based and time-based allocation methods.

Q: Define the conversion cycle.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: Define direct write-off method

A: Accounts receivable: Accounts receivable refers to the amount to be received within a short period…

Q: Create a system flowchart of the existing system.

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: what are the process of system flowchart?

A: System flowchart is the diagrammatically representation of how data (or information) flows from one…

Q: Distinguish between narrow and wide span of control. Give an example of tasks appropriate to each…

A: Definition: Space of control: The number of subordinates directly answerable to the employee can…

Q: What are the major functions performed by the OE/S process?  Explain each functions.

A: Order-to-cash process or revenue process is the process undertaken for making sales and receiving…

Q: Define operating cycle.

A: Definition:   Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: allocation bases are

A: Activity-based costing is commonly known as ABC. It is a costing method that allocates indirect…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: Give an example of a system development life cycle flow chart?

A: The SDLC, or system development life cycle, seems to be fundamentally a project management paradigm.…

Q: What is a value stream map?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Define the term Time-based methods.

A: Allocation method: It is a method in which allocation base is expected to be consumed during the…

Q: In your words, take about the Master Scheduling

A: Master production schedule refers to the plan for the production of a good at a time period. It…

Q: Explain operating cycle.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: What is conversion cycle? describe in detail

A: The main objective of working capital management is to ensure the ability of the company to continue…

Q: Explain when to use the single-period model and when to use a multi-period model.

A: The difference between the two models is that the multi-period model may involve the stock leftovers…

Q: Discuss transaction cycles.

A: A transaction cycle is an interlocking set of the  business deals. Utmost of these deals can be…

Q: What are roll-forward procedures? Provide some examples

A: Roll-Forward Procedure: Auditors perform procedure to draw out the conclusion from an interim date…

Q: Explain the relationship between cardinality and association.

A:

Q: Distinguish between batch and real-time processing.

A: Transaction process system:   Transaction process system can be defined as a system designed to…

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: What are the major functions performed by the OE/S process?  Explain each function.

A:

Q: Define the term effective rate.

A: The effective rate is the real return on a savings account or any interest-paying investment when…

Q: Describe the features of JIT.

A:

Q: How can forwardrates be used for hedging purposes?

A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

Q: Which of the following is a value-added activity? a.waiting b.inspection c.processing d.moving

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: compute for throughput time

A: Throughput time or the period is the time in days or in hours which are required by the company in…

Q: allocation base

A: Allocation base is the basis on which an overheads are allocated among different products, services,…

Q: Define conversion value

A: Convertibles are a category of financial instruments, such as convertible bonds and preferred…

Q: Describe about the assignor.

A: Contract:      Contract refers to an agreement between two parties which is legally enforceable by…

Q: Define Allocation method.

A: Allocation method: The allocation method is referred to as the method in which the allocation base…

Q: Describe internal event with example.

A: Definition:   Accounting event: An accounting event is a transaction that is recorded in the books…

Q: Calculate modified duration using the information provided.

A: Modified duration is a measure used for finding the bond's price volatility. Modified duration is…

Q: How the MIRR is calculated

A:

Q: What is an allocation base? Give some examples.

A: When we discuss allocation base, it explains about the basis on which the overhead costs are…

Q: Define the term value stream.

A: Definition: Stream: A stream is the sequence or series of data elements. Streams are not processed…

Q: Describe the steps required to apply the compressed APVapproach.

A: Steps required to apply the compressed APV approach: Step 1: Prepare forecasted cash flows As with…

Q: Define discriminant function

A: DISCRIMINANT FUNCTION- If we have a set of K classes then we may define a set of K discriminant…

Q: An allocation base:

A: An allocation base is the basis on which Cost accounting allocates overhead costs. An allocation…

Q: Define time-series analysis

A: Time series analysis is an important technique used in statistics in finance. It has been defined in…