Accounting core 2 - Study guides, Class notes & Summaries

QUESTION 1: CIVIL PRACTICE [50] 1.1 Darren Smith is the director and shareholder of DSA Equipment (Pty) Ltd (“DSA”) and the company manufactures medica electronic equipment. Mr. Smith approached EBA (Pty) Ltd (“EBA”), the local supplier of the components needed for the manufacturing of the electronic equipment by DSA, and the parties entered into a written agreement for the supply and delivery of the components on 30-day credit terms. The goods are delivered by EBA to DSA’s premises an...

Three Broad Government Spending Purposes - Answer 1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - Answer Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 - Answer Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Int...

This chapter has a lot of definitions. They are important, but we don't like to make students memorize too many of them early in the course. We let our students use the formula sheet that includes the key definitions. Note that there is an overlap between the T/F and multiple-choice questions, as some of the T/F statements are used in multiple-choice questions. Multiple Choice: True/False 1. The annual report contains four basic financial statements: the income statement, the balance...

Leading SAFe Certification Exam Questions And Answers. SAFe stands for? Scaled Agile Framework enterprise HIP stands for? Hardening, Innovation, Planning (Test) What drives the upper limit to 125? Dunbar's Number: Maintain stable social relationships (Test) Why do we want to organize around Value? Fewer handoffs, drive alignment, easier to build in quality, optimize the whole system Operational Value Stream is? Used to deliver end customer value (Test) D...

LML4806 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA (DETAILED MEMO - DISTINCTION GUARANTEED!) QUESTION 1 1.1 The Memorandum of Incorporation of Generators Unlimited (Pty) Ltd provides that only the board of directors, or any director authorised by the board, has the power to conclude contracts on behalf of the company. It also states that any transaction that exceeds R10 million must first be authorised by the company’s shareholders at a general meeting by way of an ordinary reso...

Chapter 1 Carbon and Its Compounds CHECKPOINT PROBLEMS Practice Problem 1.1 a) S — 1s2 2s2 2p6 3s2 3p4 b) Cl — 1s2 2s2 2p6 3s2 3p5 c) Na+ — 1s2 2s2 2p6 1-2 Copyright © 2018 Nelson Education Limited Practice Problem 1.2 a) Count valence electrons. Build a basic bonding framework and account for electrons used. Add remaining electrons and check for formal charges. The molecule has a lone pair on the nitrogen. All other electrons are bonding electrons. b) Count valence electrons. Build a bas...

QUESTION 1 [20] 1.1 The Memorandum of Incorporation of Generators Unlimited (Pty) Ltd provides that only the board of directors, or any director authorised by the board, has the power to conclude contracts on behalf of the company. It also states that any transaction that exceeds R10 million must first be authorised by the company’s shareholders at a general meeting by way of an ordinary resolution. One of the directors, Nthabiseng, is authorised by the board of directors to conclude con...

SOUTHERN NEW HAMPSHIRE UNIVERSITY 2024 SOPHIA LEARNING - MANAGERIAL ACCOUNTING MODULES: QUESTIONS AND ANSWERS SOLVED 100% A- Compare managerial accounting concepts and financial accounting concepts. a.) Purchasing manager b.) Production manager c.) Bank manager d.) Budget manager Correct * c: Banks and credit unions are external users that rely on financial information, such as audited financial statements, to lend money. B- Which of the following is an example of an internal deci...

Test Bank: Project for Forensic Accounting and Fraud Examination (2nd Ed.) by Mary-Jo Kranacher and Dick Riley. Table of Contents Section I Introduction to Forensic Accounting and Fraud Examination 1 1 Core Foundation Related to Forensic Accounting and Fraud Examination 2 Who Commits Fraud and Why: The Profile and Psychology of the Fraudster 3 Legal, Regulatory, and Professional Environment Section II Fraud Schemes 4 Cash Receipt Schemes and Other Asset Misappropriations 5 Cash Disbursement Sche...

Intermediate Accounting Exam 1 & 2 || With Questions & Answers (100% Accurate) Intermediate Accounting Exam 1 & 2 || With Questions & Answers (100% Accurate) The balance sheet, the income statement, the statement of cash flows, and the statement of owners' or stockholders' equity. - ANSWER - What are the four main financial statements? Accounting provides relevant, reliable, and timely information to managers, investors, and creditors to allow resource allocation to the most efficient e...