Briefly explain the concept of fund accounting.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Fund accounting provides for selfbalancing groups of accounts comp...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Question Posted:
Students also viewed these Accounting questions
-
Briefly explain the concept of supply-chain management.
-
Briefly explain the concept of a customer-centric focus. Why is this so important in a customer relationship management process?
-
Briefly explain the concept of process-level virtualization.
-
What levels of visibility may be assigned to an attribute or an operation?
-
Explain the tax consequences, to both the corporation and a shareholder-employee, of an IRS determination that a portion of the compensation paid in a prior tax year is unreasonable. What steps can...
-
plz solve!! ANSWER ALL THE QUESTIONS 1. What do you understand by Job Costing? Explain its features, procedures, suitability, merits and demerits. (2 Marks) 2. Prepare a Job Cost Card for the Job No....
-
21. A DECS contract pays two shares if ST < 27.875, 1.667 shares if the price is above ST > 33.45, and \($27.875\) and \($55.75\) otherwise. The quarterly dividend is $0.87. Value this DECS assuming...
-
A planned factory expansion project has an estimated initial cost of $800,000. Based on a discount rate of 20 percent, the present value of the future cost savings from the expansion is $843,000....
-
Question 1 (25 points) Northstar Corp was authonzed to issue 500.000 $2.00 preferred shares and 550,000 common shares Duning December 2014 the first month of operations the flowing seeded...
-
A furniture company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 15,000 board feet of oak and 21,000 board feet of pine...
-
Distinguish between unrestricted and restricted contributions of a charitable organization.
-
When and why would a NFPO use replacement cost rather than net realizable value to determine whether or not inventory should be written down?
-
Toth Company had the following assets and liabilities on the dates indicated. Toth began business on January 1, 2014, with an investment of $100,000 from stockholders. Instructions From an analysis...
-
Waverly Company Ltd. currently produces 8,000 units per year of SB 200 (snowboard), which is a component of the company's major products. SB 200 has the following unit cots Direct materials - $35.50...
-
Norton Ltd manufactures a single product, which is sold for $150 per unit. The standard variable costs per unit of the product are: Direct material 4 kilos at $8 per kilo Direct labour 5 hours at $10...
-
QUESTION 4 Murni Selasih Bhd is considering investing in a project that will generate higher returns Currently, the company has two projects with forecasted outcomes under consideration. The possible...
-
ABC plans to sell 60,000 units of product 751 in June, and each of these units requires five sq. ft. of raw material. Additional data is as follows: Product Raw No. 751 Material Actual June 1 11,200...
-
Case: Tom has felt anxious and constantly on edge over the past 3 years. He has few social contacts because of his nervous symptoms. He is married with 3 children and worries about if he is a good...
-
The system shown in Figure 6.67 consists of two linear springs with stiffnesses \(k_{1}\) and \(k_{2}\) and a uniform bar of mass \(m\) and length of \(2 L\). If the force \(F\) is acting at a...
-
On October 1, 2021, Adoll Company acquired 2,600 shares of its $1 par value stock for $38 per share and held these shares in treasury. On March 1, 2023, Adoll resold all the treasury shares for $34...
-
An oil drum of diameter \(d\) and mass \(m\) floats in a bath of sea water of density \(ho_{w}\) as shown in Fig. 1.78. Considering a small displacement \(x\) of the oil drum from its static...
-
Parker Company acquires an 80% interest in Sargent Company for $300,000 in cash on January 1, 2015, when Sargent Company has the following balance sheet: The excess of the price paid over book value...
-
The trial balances of Parker and Sargent companies of Exercise 7 for December 31, 2016, are presented as follows: Parker Company continues to use the cost method. 1. Prepare all the eliminations and...
-
On January 1, 2015, Port Company acquires 8,000 shares of Solvo Company by issuing 10,000 of its common stock shares with a par value of $10 per share and a fair value of $70 per share. The price...
-
Imagine you are an Investor in the Stock Market. Identify three companies in the Korean Stock Market (KOSPI) where you would like to invest. Explain your answer
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
Study smarter with the SolutionInn App