Business Administration 2257 Study Guide - Final Guide: Stock Split, Accrued Interest, Weighted Arithmetic Mean
15 Dec 2013
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Adjust for cash and credit sales from total sales. Record total units sold (will be used in e/b calculation for final goods) Record the proxy used to calculate pfoh. (ex: direct labour, direct labour hour, machine hour) Adjust for proper allocation of land/building purchased. Record how much % of the building is used for production (wip %) If nothing is mentioned about the depreciation, assume it is the same amount from last. Write down bv amount equal to payment (sum of interest expense + interest payable) Operating costs: adjust for this year"s expense and bills unpaid, wage"s payable. Keep track of all the shares and the foot notes, split inventory accordingly. Bank loan and bonds payable (2hr mark: adjust for interest from bank loan payment, move a portion of bank loan if not already done so. Financial statement: use last year"s as a sample (sdd and contributed capital are owner"s equity) Do the iffy section twice if time permits.
