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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Cost Accounting, Bulk Purchasing, Proper Records

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25 Feb 2013
23
The purpose of this article is to develop an understanding of how cost accountants deal with stocks, how they are valued and most importantly, how they
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Fixed Cost, Variable Cost, Specific Volume

OC963753 Page
25 Feb 2013
26
The knowledge of cost behavior is essential for the tasks of budgeting, decision making and control accounting, whose importance was established in the
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Profit Motive

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25 Feb 2013
19
How they are defined and classified, their differences and why we need them. Basically an organization is a group of individuals operating together in
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Sole Proprietorship, Disclose

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25 Feb 2013
20
Sole traders whoever opens up a business is a sole trader as long as he is the single owner of the business. Legally, the business and the owner are no
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Organizational Culture, Authoritarianism, Role Conflict

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25 Feb 2013
20
What are cultures: it is the way we do things, the way we work, beliefs, attitudes, values, norms of behavior, practices shared by members. We find: co
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Capital Account

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25 Feb 2013
16
When a partnership is formed each partner puts in some capital to the business, and each is recorded separately in a series of capital accounts, so tha
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Asset Turnover, Net Profit, Profit Margin

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25 Feb 2013
8
Gross profit margin = gross profit x 100. Net profit percentage = net profit before interest and tax x100. Sales: it is designed to focus attention on
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Morale, Human Relations Movement, Scientific Management

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25 Feb 2013
10
Scientific: planning, standardizing, improving human effort at the operative level, to maximize output with minimum input. Fayol"s fourteen rules of ma
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Cost Accounting, Chapter 27, Equity (Finance)

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25 Feb 2013
11
Group accounts are required when a company acquires another company. The first company is called the holding or parent company and it controls the latt
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Team Building, Groupthink

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25 Feb 2013
11
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Total Absorption Costing, Gestapo, Current Asset

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25 Feb 2013
31
In accounting, there are various methods in dealing with direct and indirect costs, some of which have been explained in previous articles, such as dir
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Peter Drucker, Decision-Making

OC963751 Page
25 Feb 2013
15
Mcfarland defines management as the process by which responsible persons in an organization combine resources in achieving given ends". Therefore, mana
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Agreed Framework, Performance Management, Profit Sharing

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25 Feb 2013
17
Identify a process for establishing work standards and performance management. The performance management process provides an opportunity for the emplo
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Avco, Historical Cost, Weighted Arithmetic Mean

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25 Feb 2013
17
The purchase cost of stocks basically, when a company purchases stock from a creditor, whether by cash or on credit, the company would gather the sourc
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Trial Balance, Bank Statement, Bank Reconciliation

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25 Feb 2013
12
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Bank Reconciliation, Financial Statement

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25 Feb 2013
15
At the end of the accounting period, when the accountants begin to close off accounts in preparation for the financial statements, there are a few impo
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Petty Cash, Bank Statement, Bank Reconciliation

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25 Feb 2013
19
The process of bookkeeping begins by the issue or the receipt of source documents, such as invoices, purchase orders or sales orders. Once invoices are
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U OF CACCT 301AllFall

chapter 13.docx

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25 Feb 2013
16
The first article in this site is basically about the definition and importance of accountancy, its purpose and its role. We will now go further to dis
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U OF CACCT 301AllFall

chapter 22.docx

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25 Feb 2013
13
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Contingent Liability, Financial Statement

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25 Feb 2013
13
As a continuation to the previous standards, such as frs 3, the statement of principles and ssap 17, frs 12 takes things further by tackling the subjec
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U OF CACCT 301AllFall

chapter 18.docx

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25 Feb 2013
18
Suspense accounts have been a troubling issue whilst studying paper 1. 1 maybe it just requires more practice. Furthermore, if you follow the following
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Financial Statement

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25 Feb 2013
17
Up until this section, frs 3 has restructured the p&l, defined the difference between ordinary, exceptional and extraordinary activities. Now, frs 3 ta
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Standard Cost Accounting, Historical Cost, Share Capital

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25 Feb 2013
18
Breakup valuation is based on the forced sale of individual assets in the second hand market. Basically, the current values of all assets are added up
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Asset, Finance Lease, Cash Flow

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25 Feb 2013
19
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Cash Flow Statement, Cash Flow, Book Value

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25 Feb 2013
15
Cash flow statements concentrate on the sources and uses of cash and are a useful indicator of a company"s liquidity and solvency. In other words it is
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Fixed Asset, Finished Good

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25 Feb 2013
14
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U OF CACCT 301AllFall

ACCT 301 Chapter Notes - Chapter 1: Companies Act 1985, Financial Statement, Management Accounting

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25 Feb 2013
20
Accounting is a way of recording, analyzing, and summarizing transactions of a business. Transactions are recorded in books of prime entry, and then an
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Sociotechnical System, Be3, Adhocracy

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25 Feb 2013
20
Describe, recognize and understand the importance of organizational structure. Compare and contrast classical and modern approaches to organizational s
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U OF CACCT 301AllFall

ACCT 301 Chapter Notes - Chapter 2: Accrual, Elizabeth Daily, Hire Purchase

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25 Feb 2013
12
Just a basic summary of those little things that we always tend to forget. The going concern concept implies that a business is a going concern, i. e.
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U OF CACCT 301AllFall

chapter 8.docx

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25 Feb 2013
22
Well, what should strike you whilst taking a look at the previous profit and loss account statements is the use of ordinary activities". The reason sim
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Historical Cost, Fixed Asset, Financial Statement

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25 Feb 2013
23
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U OF CACCT 301AllFall

ACCT 301 Chapter Notes - Chapter 5: Historical Cost

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25 Feb 2013
24
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Accrual, Royal Statistical Society

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25 Feb 2013
24
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U OF CACCT 301AllFall

ACCT 301 Chapter Notes - Chapter 3: Financial Statement, Accrual, Historical Cost

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25 Feb 2013
22
The accounting concepts and conventions are based on years of practice and judgment. But that doesn"t necessarily mean that they are fool-proof. Frs 18
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U OF CACCT 301AllFall

ACCT 301 Lecture Notes - Total Absorption Costing

OC963753 Page
25 Feb 2013
17
Absorption after allocating and apportioning overheads to cost units or cost centers, we need to add the costs calculated for each cost center to unit,
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