accounting case study assignment

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Free business case studies to bring real-life examples into the classroom

Searching for materials to bring into the classroom can be time consuming. At CPA Canada, we've made it a little easier by providing free case studies you can use in your next business or management accounting course.

Developed by academics and industry leaders, our case studies provide high-quality content in the areas of strategy management, financial management and reporting, and performance management and measurement.

Use them to complement your lessons and keep students engaged. Give your students valuable insights from real-life companies that they can apply in the work force.

Students will learn how to address day-to-day operations and challenges and improve a company’s financial performance.

Use them in your classroom today!

Available topics

Strategy management, strategy mapping: saskatchewan green roofing (sgr) .

Use this case study to illustrate how focusing on community support, the environment, and operational excellence led to a successful strategy mapping implementation.

Performance Management and Measurement

Business model design: nespresso.

Inspire your students by showing them how a shift in strategy is what Nespresso needed to achieve success and redefine the coffee industry.

Process-based management: ACME

Follow the journey of a utility company as it implements a process-based management plan.

Scenario planning: Lessons from the field

Don't wait for disaster to strike. Use these examples to walk your students through a six-step process to implement a strong decision-making model.

Financial Management and Financial Reporting

Future value drivers: lessons from the field.

Explore the power of invisible assets and how various companies turned them into profit.

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Audit and assurance case study questions
Study resources
Advanced Audit and Assurance (AAA)
Technical articles and topic explainers
Back to Advanced Audit and Assurance (AAA)
How to approach Advanced Audit and Assurance

The first article in this series of two on Paper P7 case study questions discussed question style, what to look for in the requirements, how higher-level skills are tested, and the meaning of professional marks within a question requirement. This second article goes through part of a typical Section A case study question, applying the recommended approach described in the previous article. This approach comprises four stages.

Stage 1 – understanding the requirement

The first thing to do is to read and fully understand the question requirement. Here is the requirement we will be looking at in this article:

‘Prepare a report, to be used by a partner in your firm, in which you identify and evaluate the professional, ethical, and other issues raised in deciding whether to accept the appointment as provider of an assurance opinion as requested by Petsupply Co.’ (12 marks)

Note: this requirement includes two professional marks.

Having read the requirement, break it down. You are asked to do two things:

identify, ie state from the information provided
evaluate, ie discuss from a critical point of view.

The requirement asks you to consider ‘professional, ethical, and other issues’. This could cover a wide range of considerations, such as:

ethics: independence, competence, conflicts of interest, confidentiality, assessing integrity
professional issues: the risk profile of the work requested, the fee – and whether it is sufficient to compensate for high risk, availability of staff, managing client expectations, logistical matters such as timing, legal and regulatory matters – such as money laundering, and (in some cases) obtaining professional clearance
other issues: whether the work ‘fits’ with the commercial strategy of the audit firm, the potential knock-on effect of taking on the work – such as the impact on other clients, or on other work performed for this client.

You are asked to produce a report, so remember that the professional marks available will be awarded for using the correct format, the use of professional business language, and for presenting your comments as a logical flow culminating in a conclusion.

From reading the requirement, you know that the question scenario will be based on a potential assurance assignment and will be broadly based around acceptance issues.

Stage 2 – reading the scenario

When reading through the detail of the scenario, you should now be alert to information relevant to this requirement. Highlight important points that you think are relevant to the scenario and remember to focus on issues that could affect your acceptance of a potential assurance assignment.

Now read the following extract from the scenario and highlight the salient points – remember to look out for any factors relevant to the ethical, professional, and other issues described above.

Extract: You are a senior manager in Dyke & Co, a small firm of Chartered Certified Accountants, which specialises in providing audits and financial statement reviews for small to medium-sized companies. You are responsible for evaluating potential assurance engagements, and for producing a brief report on each prospective piece of work to be used by the partners in your firm when deciding whether to accept or decline the engagement. Dyke & Co is keen to expand the assurance services offered, as a replacement for revenue lost from the many small‑company clients choosing not to have a statutory audit in recent years. It is currently May 2007.

Petsupply Co has been an audit client of Dyke & Co for the past three years. The company owns and operates a chain of retail outlets selling pet supplies. The finance director of Petsupply Co recently communicated with your firm to enquire about the provision of an assurance report on data provided in the Environmental Report published on the company’s website. The following is an extract from the e-mail sent to your firm from the finance director of Petsupply Co:

‘At the last board meeting, my fellow directors discussed the content of the Environmental Report. They are keen to ensure that the data contained in the report is credible, and they have asked whether your firm would be willing to provide some kind of opinion verifying the disclosures made. Petsupply Co is strongly committed to disclosing environmental data, and information gathered from our website indicates that our customers are very interested in environmental matters. It is therefore important to us that Petsupply Co reports positive information which should help to retain existing customers, and to attract new customers. I am keen to hear your views on this matter at your earliest convenience. We would like verification of the data as soon as possible.’

You have looked at Petsupply Co’s Environmental Report on the company website, and found a great deal of numerical data provided, some of which is shown below in Table 1.

Table 1: Petsupply Co's environmental report – numerical data

Stage 3 – take time to think about the requirement and the scenario.

As discussed in the previous article, you must take time and not rush to answer. When evaluating this particular scenario try to think widely about the information provided. Your answer should cover a broad range of issues rather than concentrating on one or two. Your comments must be tailored to the scenario. It is pointless, for example, to write about a general acceptance issue which is not specifically related to Petsupply Co.

It is important to appreciate that few marks will be available for stating the issue. The higher-level skill marks in this question will be awarded for a discussion of why the issue is relevant to the decision about whether or not to provide the assurance service to Petsupply Co. The requirement is to evaluate the scenario and therefore it is crucial to demonstrate an appreciation that there may be two conflicting sides to the discussion.

Table 2 shows an example of a thought process which identifies the issues and explains why each issue is relevant to the requirement; the issues are shown in the order in which they appear in the question.

Table 2: Example of a thought process which identifies issues and shows relevance to the requirement

Table 2 is not an answer, it is a thought process. This is what you should be thinking about after reading through the scenario. The previous article stressed the importance of thinking through the scenario. It may help to jot these ideas down in an answer plan before making a start on your written answer, as this will help you to prioritise the points and give the report a logical flow.

Stage 4 – writing the report

The requirement states that two professional marks are available. As discussed in the previous article, these marks are not for the technical content of the answer, but for the way the relevant points are communicated. The report will be evaluated on the following:

Use of a report format – a brief introduction, clear separate sections each discussing a different point, and a final conclusion.
Style of writing – the report is addressed to the partner and so language should be appropriate. You do not need to explain things that would be obvious to a partner, and you must be tactful.
Clarity of explanation – make sure that each point is explained simply and precisely, and avoid ambiguity.
Evaluation skills – demonstrate that each point may have a positive and a negative side.

Remember, when answering any question requirement it is quality not quantity that counts. You should make each point succinctly and remain focused on the specific requirement. Questions can be time pressured, but it is important to remember that you should be able to read the requirement, think about it, and write an answer in the time available. This means that there is only a limited amount of time available for actually writing the answer, so keep it short and to the point. Irrelevant waffle earns no marks and will detract from the professional skills evaluation. What follows is an outline report format for this requirement:

Introduction

Report is internal, addressed to a partner, covering proposed assurance service for existing audit client

Section 1 – ethical matters

Provision of non-audit service
Impact on total fee from client
Competence to perform work – specialised engagement

Section 2 – risk-related matters

High inherent risk – figures prone to manipulation
Data highly subjective
Need to rely on systems put in place by client

Section 3 – commercial matters

Fee will have to be high enough to compensate for high risk
Fee may need to compensate for specialists if used
Strategic fit – assignment in line with commercial goals of Dyke & Co
Build up experience in non-audit service
Ascertain whether assignment will be recurring

Section 4 – other matters

Managing client expectation regarding type of opinion sought
Managing client expectation regarding timeframe
Summary of key issues and decision on acceptance

Note: not all of the above points are necessary to secure a pass mark; the marking scheme is also flexible enough to cater for comments that may not appear in the ‘model answer’.

This article shows how to approach one requirement from a typical Section A question in Paper P7. It is important to practise technique by attempting as many questions as possible, starting with the Pilot Paper for Paper P7.

Written by a member of the Paper P7 examining team

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Course Resources

Case studies.

A set of in-class activities is available for some of the modules in this course, to support face-to-face and hybrid classes. These are not already built into the assignment tool of your learning management system (Canvas, Blackboard, etc.), but they can be downloaded for use or previewed, below:

Module 2: Case Study: Revenue Recognition and Materiality
Module 4: Case Study: Googling Google
Module 5: Case Study: The Great Texas Fruitcake Caper
Module 6: Case Study: Mark to Market
Module 8: Case Study: Crazy Eddie Antar
Module 13: Case Study: Facebook
Case Studies. Provided by : Lumen Learning. License : CC BY: Attribution

Mastering Managerial Accounting Case Studies and Assignments

Are you struggling to solve your business accounting assignment ? Managerial accounting can be a daunting subject for many students, with its complex case studies and assignments. However, fear not! In this comprehensive guide, we will explore effective strategies to conquer managerial accounting challenges and excel in your assignments. Whether you're a business student or an aspiring professional, these insights will help you navigate the intricate world of managerial accounting and emerge victorious in your academic endeavors.

1. Understand the Basics:

Managerial accounting, often referred to as cost, corporate, or management accounting, serves as the backbone of informed decision-making within organizations. Before diving into the intricacies of case studies and assignments, it is imperative to establish a firm understanding of the foundational concepts in managerial accounting.

A. Cost Classification:

To start, familiarize yourself with the various types of costs. These can be broadly categorized as direct and indirect costs. Direct costs are expenses directly tied to the production of goods or services, such as raw materials and labor. Indirect costs, on the other hand, are not easily traceable to a specific product and include items like overhead costs.

Mastering Managerial Accounting Case Studies and Assignments

1. Direct Costs:

Understand how to identify and calculate direct costs associated with the production process. This includes direct materials, direct labor, and other costs directly attributable to a specific product or service.

2. Indirect Costs:

Explore the complexities of indirect costs, such as factory overhead and administrative expenses. Recognize the importance of allocating these costs appropriately to ensure accurate financial reporting.

B. Cost Behavior:

Managerial accountants often analyze how costs behave in response to changes in activity levels. Three primary cost behaviors to comprehend are fixed, variable, and mixed costs.

1. Fixed Costs:

Grasp the nature of fixed costs, which remain constant irrespective of changes in production levels. Examples include rent, insurance, and salaries.

2. Variable Costs:

Understand variable costs that fluctuate proportionally with changes in production. Examples include raw materials and direct labor.

3. Mixed Costs:

Recognize mixed costs, which consist of both fixed and variable components. Learning how to separate and analyze these components is crucial for accurate decision-making.

C. Cost-Volume-Profit (CVP) Analysis:

CVP analysis is a fundamental tool in managerial accounting for understanding the relationship between costs, volume, and profits. Key components of CVP analysis include:

1. Break-Even Point:

Learn how to calculate the break-even point, where total revenue equals total costs. This point is critical for assessing the minimum level of activity required to avoid losses.

2. Contribution Margin:

Explore the concept of contribution margin, representing the portion of sales revenue available to cover fixed costs and contribute to profits.

3. Margin of Safety:

Understand the margin of safety, which indicates the cushion between actual sales and the break-even point. A higher margin of safety implies a more robust position for the business.

By establishing a solid foundation in these fundamental concepts, you pave the way for a more confident and accurate approach to managerial accounting case studies and assignments. The next steps involve applying this knowledge to real-world scenarios, where a strategic analysis becomes paramount.

2. Analyze the Case Thoroughly:

Mastering managerial accounting case studies requires a meticulous approach to dissecting the presented scenarios. Here's a streamlined guide to help you analyze cases more effectively:

A. Read with Precision:

Reading with precision is paramount in managerial accounting. By understanding the scenario, identifying key players, and grasping overarching objectives, you lay the foundation for a nuanced analysis. This meticulous approach is essential for extracting valuable insights and making informed decisions.

B. Define the Problem:

In the problem definition phase, articulate and dissect the core challenges. Distinguish surface-level symptoms from underlying issues, laying the groundwork for a targeted and effective solution that addresses the root causes.

C. Identify Information Needs:

In the case analysis, pinpointing essential data is critical. Whether financial figures, operational details, or market trends, identifying information needs streamlines your focus, ensuring precision in your managerial accounting approach.

D. Consider External Factors:

In the dynamic business landscape, considering external factors is pivotal. Analyzing market conditions, economic trends, industry dynamics, and regulatory environments provides crucial insights, shaping informed decisions and enhancing the robustness of managerial accounting solutions.

E. SWOT Analysis:

SWOT analysis, a vital tool in case analysis, unveils a business's internal strengths and weaknesses while exploring external opportunities and threats. This strategic assessment forms a foundation for informed decision-making, guiding solutions tailored to the organization's unique landscape.

F. Formulate Hypotheses:

Formulating hypotheses is a pivotal step in case analysis. By generating potential solutions and evaluating alternatives, you pave the way for strategic decision-making. Consider the feasibility, cost-effectiveness, and overall impact of each hypothesis to arrive at a well-informed conclusion.

G. Prepare a Roadmap:

In crafting a roadmap, outline a strategic plan for addressing the case. Clearly articulate the steps to be taken, ensuring a structured and logical progression. Anticipate challenges and devise contingency plans, providing a well-thought-out guide for effective problem-solving in managerial accounting.

By thoroughly analyzing the case, you set the stage for a well-informed and strategic approach to solving managerial accounting problems. The insights gained during this process will serve as the foundation for developing precise and effective solutions in the subsequent stages of your assignment.

3. Identify Relevant Information:

Effectively tackling managerial accounting case studies hinges on the ability to discern pertinent information for analysis. Identifying the right data streamlines the decision-making process, ensuring a focused and efficient approach.

Begin by scrutinizing the case thoroughly to distinguish between essential and extraneous details. Pinpointing the critical information helps in constructing a targeted strategy for problem-solving. This involves recognizing key financial data, operational metrics, and any specific details that directly contribute to resolving the issues at hand.

In managerial accounting, precision is paramount. By concentrating on relevant information, you not only expedite the analysis but also enhance the accuracy of your conclusions. This approach allows for a more nuanced understanding of the case, facilitating a comprehensive exploration of the intricacies involved. Ultimately, the ability to discern and utilize relevant information is a cornerstone in mastering managerial accounting, contributing to more informed and impactful decision-making in both academic and real-world scenarios.

4. Apply Costing Methods:

Understanding and applying costing methods is essential in the realm of managerial accounting, serving as a crucial element in making informed business decisions. Cost allocation methods, such as activity-based costing (ABC), job costing, and process costing, are instrumental in assigning costs to specific products or services. These methods, particularly activity-based costing, offer a more accurate representation of resource consumption by allocating costs based on actual driving activities.

Moreover, the effective application of costing methods is integral to determining product costs. This involves assessing the total production costs, encompassing direct materials, direct labor, and overhead. Accurate product costing is paramount for businesses to establish competitive prices, optimize profitability, and make well-informed decisions regarding production processes.

Costing methods also play a key role in Cost-Volume-Profit (CVP) analysis, facilitating a deeper understanding of how changes in costs and sales volume impact overall profitability. Managers can leverage these insights to evaluate different scenarios and make strategic decisions, whether it involves adjusting pricing, production levels, or overall cost structures.

Furthermore, the strategic decision-making empowered by costing methods extends to various aspects, including pricing strategies, the feasibility of new products, and optimizing resource utilization. Identifying areas where resources can be optimized becomes feasible through the application of costing methods, allowing managers to pinpoint inefficient processes or products and make adjustments that enhance operational efficiency.

5. Utilize Technology:

In the contemporary landscape of managerial accounting, embracing technology is paramount for efficiency and precision. Leveraging advanced tools and software enhances your ability to tackle complex case studies and assignments effectively.

Technology streamlines data processing, allowing for quick and accurate calculations. Spreadsheet software like Excel provides a versatile platform for organizing financial data, performing intricate calculations, and presenting findings in a clear format.

Accounting software, such as QuickBooks or SAP, automates routine tasks, minimizing the risk of human error. These tools facilitate real-time tracking of financial transactions, providing up-to-date information crucial for managerial decision-making.

Cloud computing enables collaborative work on case studies, allowing teams to access and contribute to assignments simultaneously. This fosters seamless collaboration, enhancing the quality of analyses through diverse perspectives and skill sets.

Data visualization tools, such as Tableau, transform complex data sets into visual representations. This not only simplifies the interpretation of financial information but also aids in presenting findings in a compelling and understandable manner.

Additionally, artificial intelligence (AI) and machine learning algorithms can analyze vast datasets, offering insights that might be challenging to discern manually. These technologies assist in predicting trends, optimizing resource allocation, and making more informed managerial decisions.

Incorporating technology into your managerial accounting toolkit not only enhances efficiency but also prepares you to navigate the evolving landscape of the business world. As you embrace these technological advancements, you position yourself for success in solving intricate case studies and assignments with agility and accuracy.

6. Consider Real-world Implications:

Understanding the real-world implications of managerial accounting involves delving beyond numerical analyses. Begin by immersing yourself in the broader business environment. This entails scrutinizing market trends, competitive forces, and economic conditions to comprehend how the case aligns with the real-world dynamics of the industry.

Moving on, evaluating the impact of your decisions becomes crucial. It's not merely about financial outcomes; you must assess how your recommendations influence the organization in practical terms. Considering both short-term and long-term consequences provides a nuanced understanding of managerial accounting's application in real-world scenarios.

Thinking beyond financial metrics, delve into non-financial aspects. This involves contemplating the effects of your recommendations on employee morale, customer satisfaction, and the overall reputation of the company. Recognizing the multi-dimensional impact enriches your analytical perspective and fosters a more holistic decision-making approach.

7. Seek Guidance from Professors:

Navigating the complexities of managerial accounting case studies often requires more than individual effort. Seeking guidance from professors can be instrumental in unraveling intricate concepts and refining your analytical skills. Professors bring a wealth of experience and expertise, offering insights that can illuminate challenging aspects of the subject. Their guidance can clarify nuanced concepts, provide alternative perspectives, and help you approach assignments with a more informed mindset.

Engaging with professors demonstrates a proactive approach to learning, showcasing your commitment to mastering managerial accounting. Professors can offer valuable tips on effective problem-solving, recommend additional resources, and address specific concerns tailored to your academic journey. Establishing a collaborative relationship with your professors fosters a supportive learning environment, encouraging open communication and a deeper understanding of managerial accounting principles.

8. Collaborate with Peers

Collaborative learning is a cornerstone in mastering managerial accounting case studies. Engaging with peers provides a unique opportunity to gain diverse perspectives, pool collective insights, and enhance problem-solving skills. Through group discussions, different viewpoints surface, shedding light on nuances that may be overlooked individually. Working collaboratively fosters an environment where students can share methodologies, tackle challenges collectively, and learn from one another's strengths.

Moreover, articulating and defending one's ideas during these collaborations sharpens communication skills—a crucial asset in the professional realm. Peer collaboration not only strengthens conceptual understanding but also builds a supportive academic community. Encouraging each other in the face of complex case studies nurtures a collaborative spirit, preparing students not just for academic success but for the collaborative demands of the real-world business environment, where diverse teams collaboratively navigate intricate managerial accounting scenarios.

9. Time Management

Effectively managing time is a critical skill when tackling managerial accounting assignments. In the dynamic world of business, deadlines are non-negotiable, and efficient time utilization is key. Start by breaking down the assignment into manageable segments, allocating specific time slots for research, analysis, and solution development. This structured approach ensures that each aspect of the task receives adequate attention, preventing last-minute rushes and promoting a thorough understanding of the case.

Proactive time management not only enhances productivity but also allows for ample revision, refining your solutions for optimal clarity and accuracy. Collaborative efforts in study groups can further streamline the process, as diverse perspectives contribute to comprehensive problem-solving. By prioritizing tasks, adhering to schedules, and fostering a disciplined approach, time management becomes a potent tool in mastering managerial accounting assignments and navigating the complexities of real-world business scenarios.

Conclusion:

In conclusion, solving your business accounting assignment is not an insurmountable challenge. By employing these strategies, you can navigate through managerial accounting case studies with confidence and precision. Understanding the basics, thorough case analysis, utilization of costing methods, embracing technology, considering real-world implications, collaborative learning, effective time management, and seeking guidance from professors are the keys to success. As you embark on your journey in managerial accounting, remember that continuous practice and a proactive approach will pave the way for academic excellence and a deeper understanding of the business world.

Sample Case study accounting

Accounting case study assignment sample stuck with your accounting case study assignments get free assistance from our ph.d. experts, acct6005 company accounting assessment 3 case study.

Part A: This case study assignment help is designed to assess your understanding and application of knowledge using a practical case study to analyse and prepare relevant worksheet entries and financial statements for a Group.

Submission Instructions: Part A: • Submit Part A of the assessment document in a Word format and excel (see assessment question) including a coversheet. JPEG files or similar cannot be opened and will not be marked. • Submit via the Assessment link in the main navigation menu in ACCT6005 Company Accounting.

ACCT6005 Company accounting Assessment 3 Case study Part A

Assignment instructions: This assignment is to be completed using Microsoft word for the evaluation report (part a) and Excel for the entries, worksheet and Group financial statements (part b, c, d). Please use a separate sheet in excel for each separate part b, c and d.

Please ensure that your file name contains your student ID and your full name . Please ensure that you use the ‘Ref’ column in the worksheet to identify each separate consolidation entry.

Case study:

PART A (100 Marks)

Grape Ltd acquired all the issued shares of Duck Ltd for $940 000 cash on 1 July 2020.

The following information is available at this acquisition date:

The equity of Duck Ltd is provided below:

All the identifiable assets and liabilities of Duck Ltd were recorded at fair value in the statement of financial position. The company income tax rate is 30%.

The following transactions and events occurred during the year ended 30 June 2021:

1. During the year Grape Ltd sold inventory to Duck Ltd for $55,000 at cost plus 20%. Duck Ltd has sold 10% of these items externally as at 30 June 2021.

2. On 1 April 2021, Duck Ltd sold an item of inventory to Grape Ltd for $28,000. This inventory had cost Duck Ltd $20,000. Grape Ltd treated the item as plant and will depreciate it at 20% p.a.

3. Grape Ltd sold land to Duck Ltd for $25,000 which had originally cost $32,000.

4. Dividends: Duck Ltd paid $18 000 interim dividends in September 2020, and Grape Ltd declared $26 000 dividends in May 2021 (to be paid in October 2021).

5. On 1 July 2020, Grape Ltd provided an office for Duck Ltd’s administrative staff to use. Grape Ltd charges $700 per month. The last rental receipt received by Grape Ltd was on 30 April 2021.

Part (a) (36 marks)

Analyse the completed worksheet attached for the Grape group. Using the information provided in the worksheet, prepare an evaluation report in word, detailing each omission and error. For each error:

1. List the accounts and amounts, which are incorrect for each consolidation adjustment.

2. Explain WHY the entry is incorrect. Include formulas where possible in your explanation.

Part (b) Prepare the consolidation entries as at 30 June 2021 in excel using the template below. Include narrations for each entry: (28 marks)

Part (c): worksheet (24 marks).

Using excel, prepare the consolidation worksheet as at 30 June 2021, showing all entries including the corrected entries discussed in Part (a). Each entry needs to be entered as a separate amount and not entered as subtotals in the worksheet. Round your answers to zero decimal places. The worksheet template is provided below.

Part (d): Group financial statements (12 marks)

Using excel, prepare the Statement of Financial position for Grape Ltd as at 30 June 2021.

An acquisition can be defined as the difference between the price paid by the acquirer for purchasing another company and the original cost of the assets of the target company (Janice 2013). Following entries or transaction is incorrect

Reference 1:

Adjustment in Share capital, general reserve, retained earning & BCVR is incorrect and not required.

Reference 2:

Sales revenue- The amount of $25,000 debited in the sales account and $ 22,000 credited in the cost of sales account is incorrect- because for unsold stock with Duck Ltd, to eliminate the unrealised profit of Grape Ltd. the sales should have been debited with $8250 and Inventories should have been credited with $8250

Reference 3:

Adjustment entry done in Proceeds from sales of equipment and carrying amount of sold equipment, the related depreciation & entry done in equipment ledger in asset side is incorrect. Since Duck has treated Inventory and sold to Grape for $28,000 which cost Duck ltd $20,000 Therefore, the sales account of Duck should have been debited to a tune of $8000 and Depreciation account needs to be credited by $8000*20%= $1600 (which is excess on account of group sales) and the carrying amount of the equipment plant) needs to be reduced by net $6400 to eliminate the effect of the sales.

Reference 4:

All the adjustment relating to reference 4 needs to be removed since the dividend entry has already been correctly recorded no further adjustment required. Since Duke ltd (subsidiary of Grape Limited) pays interim dividend so its post-acquisition profit so it should be recorded in the profit and loss of Grape Limited and the same has been correctly recorded (AASB 2021)

Reference 5:

The adjustment for service expenses of $90,000 is incorrect as we need to just eliminate the outstanding and payable rent expenses which are for 2 months @$700 per month. Thus the correct adjustment should be debiting other payables account and crediting other receivables account to the tune of $1400

Reference 6:

Sales of land by Grape Ltd to Duck Ltd. for $25,000 cost $32,000. Thus, the unrealised loss of $7000 needs to be eliminated.

Herein the application of AASB 10 is observed because it develops the principles for preparation, as well as presentation of the consolidated financial statement when the entity has a control over one or more than one entities (AASB 2021)

Consolidated Financial Statement of Duck Ltd

AASB. (2021) AASB Standard. Retrieved from https://www.aasb.gov.au/admin/file/content105/c9/AASB10_08-11.pdf

Janice, L. (2013). Understanding Australian Accounting Standards. Milton, Qld.: John Wiley and Sons. Retrieved from https://lesa.on.worldcat.org/oclc/807180288

Potter, B., Howieson, B., & Chapple, E. (2019). Accounting standards setting. Emerald Publishing Limited. Retrieved from https://lesa.on.worldcat.org/oclc/1113886538

ACCT6004 Management Accounting Assessment 2 Sample

Assignment brief.

Length - (1,800 words +/- 10%)

Learning Outcomes

a) Identify and analyses ethical and organizational issues confronting contemporary management accountants.

b) Categories and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions.

c) Apply cost accounting techniques to calculate the cost of a range of cost objects, as well as analyse costs.

d) Apply cost information to planning, control and decision-making.

e) Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.

Submission - by 11:55pm AEST/AEDT Sunday of Module 5.1 (week 9) Weighting - 30% Total Marks -100 marks

The purpose of this assessment is to establish the skills needed in the workplace for costing products and services using the appropriate processes and tools and applying analytical processes to construct accounting systems and models using workplace tools. Each question uses realistic data and the professional practices similar to that found in workplaces.

Submission Instruction

Due Date/Time: 11:55pm Sydney time (AEST/AEDT) on Sunday 18th April 2021 Please aim to complete this assignment a few days prior to the due date to allow for any unforeseen circumstances such as illness, holidays, family issues, work commitments etc. You may submit the assignment early if you have other commitments around the due date.

All times listed are local (Sydney) times. For assignment help Please ensure you factor in any time difference between Sydney and your location when submitting your assignment, to avoid incurring any late submission penalties.

Please note the following important instructions relating to the assignment format and Submission:

• Note that this is an individual piece of assessment. You will need to work individually to prepare a response to ALL of the questions listed in the assessment.

• You must submit your assessment in one Excel file. Any submissions in any other file formats will not be accepted.

• Each question (including all sub-questions) should be presented in a single worksheet. As there are 5 questions in this assessment, your Excel file should contain 5 worksheets in total.

• You cannot scan handwritten responses and submit. All answers must be typed in Excel.

• Your assessment needs to be submitted though the submission links available on the Blackboard. Assignments submitted via e-mail (or any other method) will NOT be accepted.

• Make sure that you upload the correct file. If you discover (after the due date) that you have uploaded a draft version or the wrong file completely, you will not be allowed to submit a second file.

- The typo in Question 2-part C has been rectified in this version.

Question 1: Support Department cost allocation

Diamond Trust Bank has two support departments: The Human Resources Department and the Computing Department. The bank also has two operation departments that service customers directly: The Deposits Department and the Loan Department. The usage of the two support departments' output is provided below:

The costs in the support departments and operation departments for the is presented below:

a) Report the total costs of operation departments (the Deposits Department and the Loan Department) after the support departments' (the Human Resources Department and the Computing Departments) costs have been allocated using each of the following methods:

i) Direct Method ii) Step Down Method (The bank allocates the costs of the Human Resources Department first.) iii) Reciprocal Method

b) Diamond Trust Bank evaluates the performance of the operation department managers on the basis of how well they manage their total costs, including allocated costs. As the manager of the Loan Department, which allocation method would you prefer? Why?

Question 2: Job Costing

ACT Manufacturing Ltd. is highly automated company that uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year:

The company’s cost records revealed the following actual cost and operating data for the year:

a) What is ACT Manufacturing Ltd.’s predetermined overhead rate for the year?

b) Calculate the company’s under applied or over applied overhead for the year.

c) Assume that overapplied or underapplied overhead allocated on a pro rata basis to the ending balances in work in process, finished goods and cost of sales. The ending balance of these accounts are reported below. Prepare journal entries to show the allocation.

d) How much higher or lower will net operating income be for the year if the underapplied or overapplied overhead is allocated on a pro rata basis rather than closed directly to Cost of Goods Sold? Explain the reason for this difference.

Question 3: Process Costing System

Techsafe Company manufactures car seats. Each car seat passes through the assembly department and testing department. When the assembly department finishes work on each car seat, it is immediately transferred to testing department. The process-costing system at Techsafe Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process.

The table below shows the relevant data for the assembly department for July 2020.

Note: (*) Degree of completion: 100% for direct materials and 60% for conversion cost (**) Degree of completion: 100% for direct materials and 70% for conversion cost

a) Determine the cost per equivalent unit for the Techsafe Company’s direct materials and conversion costs, and the total unit cost for the current period, under the FIFO method. Show all workings.

Determine the cost per equivalent unit for the Techsafe Company’s direct materials and conversion costs, and the total unit cost for the current period, under the Weighted Average method. Show all workings

Question 4: Cost Volume and Profit (CVP) analysis

Veritas Software is a leading Australian based accounting software manufacturer. It develops software packages for accounting firms located in Australia and overseas. Veritas is planning to release an upgraded version of their software soon. The company divides its clients into two groups: Local firms (those firms that operate in Australia) and Global firms (those firms that operate in overseas). Although the same physical product is provided to each client group, significant differences exist in selling prices and variable marketing costs:

The fixed costs of Veritas Software are $16,500,000. The planned sales mix for the upgraded software in units is 60% Local firms and 40% Global firms.

a) What is the break-even point in units for Veritas Software’s upgraded software if the planned sales mix is attained? b) If the planned sales mix is attained, what will be the operating income when 180,000 units are sold? c) If Veritas Software wants to generate operating income of 5,500,000, how many units do they need to sell to Local and Global firms each? Assume that the planned sales mix is attained.

Question 5 Activity Based Costing

MaxPak is a designer of high-quality backpacks and purses. Each design is made in small batches. Each summer, MaxPak comes out with new designs for the backpack and for the purse. The company uses these designs for a year, and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments. Budgeted information for the year is as follows:

Other Budget information follows:

a) Identify the cost hierarchy level for each cost category. b) Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver. c) Calculate the budgeted cost per unit of cost driver for each cost category. d) Calculate the budgeted total costs and cost per unit for each product line. e) Explain how you could use the information in requirement 4 to reduce costs.

ii) Step down method In step down method the cost of Human resource department shall be allocated first to Cost of Human resource department is $ 72000

After allocation of Human resource then the second will be computing department Cost of Computing department= 120000+14400 = $ 1,34,400.00

In Reciprocal method the cost of computing allocated to Human resource shall be distribute again So, in this case $26880 allocated to Human resource from computing will be distributed again till it reduces to zero.

As a Manager we would always choose that method which provides most accurate measure of cost. Thus by evaluating all the three methods above it can be seen that Reciprocal method gives the most accurate evaluation of cost and thus will provide the most accurate performance evaluation

The company profit has got reduced due to over applied overhead. The cost of goods sold will increase and thus the profit margin will get reduce, thus the company should ignore over application of overhead cost

Use of ABC activity based costing gives the true view of cost allocation on the basis of cost driver and thus it eliminated traditional approach of cost allocation

STAT6003 Statistics for Financial Decisions Assignment Sample

Selecting your Random Sample and Creating your Sample Data File ( 8 Marks)

In order to select the sample data that will form the basis of your assignment you will need to make use of the random number table provided with this assignment help. The provided table of random numbers is, as the title suggests, a sequence of randomly generated numerical digits (0 to 9). These digits are arranged in a table with one hundred rows numbered 01 to 00 and twenty columns spread over two pages. The entries in each column of each row consist of five single digits.

The property data from which you will select your sample data consists of 400 IDs each with an identifying property number (PN) ranging from 1 (or 001) to 400.

Your first task is to select 50 three digit random (property) numbers ranging from 001 to 400 from the provided table of random numbers. We will ask you to select 50 numbers, to begin with, just to cover the distinct possibility that you may select the same three digit number more than once. The type of simple random sampling that we will be engaged in here is termed “without replacement” because we specifically do not want to allow a property identification number to be selected more than once.

In order to select your 50 random property identification numbers you will need to first go to a starting position row and column in the random number table. Defined by the last three digits of your Torrens University student identification number. The last two digits of your Torrens ID number identifies the row and the third last digit identifies the column of your (relatively) “unique” starting position. For the demonstration last three digits of 312, reading across row 12 from left to right starting at column 3 as instructed, you would encounter the following three digit numbers; 293 313 381 349 656 985 295

You need to record these first three acceptable ID numbers, 293, 313, 381 and 349 into the first column of an Excel spread-sheet and then continue this process until fifty valid three-digit personal identification numbers selected.

1. Provide the complete summary statistics for Market Price ($000) and Age of house (years). (5 Marks)

2. Describe the shape of the distributions for Market Price ($000) and Age of house (years). (5 Marks)

3. Test whether the population’s average Market Price ($000) is different from 777. (5 Marks)

4. Construct a 95% confidence interval for the Market Price ($000), also Interpret the confidence interval. (4 Marks)

5. Provide an introduction section on the rationale of your model , sample size, and the dependent and independent variables (including their unit of measurement) in this model. (4 Marks)

6. Plotthe dependent variable against each independent variable using scatter plot/dotfunction in Excel. Examine these scatter plots and correctly assess the strength and the nature of the relationship between the dependent and the independent variables? (6 Marks)

7. Present the multiple regression model with complete regression summary output in your assignment. (6 Marks)

8. Provide the simple linear regression data analysis for the market price as the response variable and the Land size in Square meters as the explanatory variable. Write down the least square regression equation and correctly interpret the equation. (6 Marks)

9. Write a clear interpretation of the slope of the regression line from question 8. You must refer to the variables of interest. (4 Marks)

10. What is the value of the coefficient of determination for the relationship between the dependent and independent variable from question 8. Interpret this value accurately and ina meaningful way. (4 Marks)

11. State the 95% confidence interval for the slope coefficient and interpret this interval from question 8. (5 Marks)

12. Compare the multiple regression model (question 7) and simple linear regression model (question 8) and evaluate the goodness of fit between these two modelling techniques.(8 Marks)

13. Predict the market price of a house (in $) with a building area of 300 square meters. Explain why your answer is valid.(4 Marks)

14. By performing an appropriate hypothesis test what decision and conclusion would you draw about the hypothesis that the Land size in Square meters useful in predicting the market price of a house (in $)? Use the data provided to justify your answer, as appropriate.When answering this research question. (8 Marks)

15. For statistical analysis involving hypothesis testing in this assignment, you are required to: • Formulate the null and alternative hypotheses for full model. • State your statistical decision using significant value (α) of 5% for this test. • State your conclusion in this context.

Summary statistics is used to summarise data and get information from it. The summary statistics table comprises the values of central tendency which are obtained in the form of mean, median and mode along with measures of dispersion is obtained in the form of standard deviation and sample variance. In addition to this, distribution of data can be understood by calculating skewness, kurtosis and range (Cooksey 2020). Hence, from this table one can understand where the mean lies and how data is distributed around the mean value. The summary statistics of market price ($000) is shown in table 1. Similarly, the summary statistics of age of house that is measured in years is shown in table 2.

Table 1: Summary Statistics of Market Price ($000):

From the table, it is observed that average market price is $772.19 (‘000). Moreover, the standard deviation is 70.61 which implies that market prices of houses do not deviate largely from the mean value. The minimum market price of house in the collected sample file is $599.39 (‘000). Moreover, the maximum market price of house in the collected sample file is $ 892.71(‘000).

Table 2: Summary Statistics of Age of house (years)

From the table, it is observed that average age of house is 18.63 years. Moreover, the standard deviation is 12.03 which implies that age of houses deviates largely from the mean value. The minimum age of house in the collected sample file is 0.5 year. Moreover, the maximum age of house in the collected sample file is 53.12 years.

In statistics, skewness measures how a data set is distributed. A data set can be either symmetric or symmetric in nature. The main reason of measuring skewness is that it informs whether ata has larger extreme values or lower extreme values. As per the “Rule of Thumbs”, the skewness varies between -0.5 to 0.5 is known as symmetrical (Orcan 2020). The skewness of Market Price ($000) is -0.46 which lies within the boundary. Hence, it indicates that the distributions for this variable is almost symmetric. The shape of the distribution is also called a bimodal distribution.

On the other side, the skewness of Age of house (years) is 0.67 which lies between 0.5 and 1. Hence, it indicates that the distribution of data is moderately skewed towards the right direction. In other words, the distribution is positively skewed where mean value is higher than median. The distributions of Market Price ($000) data as well as the same for Age of house (years) are demonstrated below by histograms.

Figure 1: Distribution of Market Price ($000)

Figure 2: Distribution of Age of house (years)

To understand if the average Market Price ($’000) of target population differs from 777 or not, one sample t-test (two-tailed) is conducted. Here, n is 50. However, population standard deviation is unknown. Hence, z-test cannot be applied.

Here, average Market Price ($ ‘000) is µ

Therefore, the null hypothesis is:

H0: the average Market Price ($’000) of the population is equal to 777 µ = 777 The alternative hypothesis is: H1: the average Market Price ($’000) of target population is different from 777 µ ≠ 777 The outcome obtained from MS Excel is:

Table 3: One sample t-test (two-tailed test)

Here, the t statistics is 77.32 which is higher than t Critical two-tail value, which is 2. Hence, here, the null hypothesis is rejected. Moreover, the P-value in two-tail test is 0.00 which is less than 0.05 at 5% significance level (Xu et al. 2017). Hence, again the null-hypothesis is rejected. Thus, it implies that average Market Price ($’000) of the target population is not equal to 777.

As per the outcome obtained from Excel, the value of Confidence Level at 95% is 20.07 Thus, the lower interval is (mean – confidence level) = 752.12 the upper interval is (mean + confidence level) = 792.26 Here, confidence interval represents actual upper and lower values. It implies that the 95% of the time, the researcher can expect that the real mean will fall between 752.12 and 792.26.

The model of regression analysis is selected to forecast the dependent variable by independent variable(s). The regression model is categorised depending on the number of independent variables. Hence, to determine dependent variable with one independent variable, linear regression model is applied. Moreover, to determine dependent variable with more than one independent variable, multiple regression model is applied (Montgomery, Peck and Vining 2021). The sample size in this study is 50, which are selected by applying simple random sampling technique without replacement. The four variables are market price ($000), Sydney price Index, total number of square meters and age of house (years). In regression model, market price ($000) is considered as dependent variable while others are considered as independent variables. The scatter plots are also made to measure the strength of association between independent and dependent variable.

A scatter plot is a form of statistical diagram that shows values for two variables and measure a relationship between them. Hence, this plot is used to show the relationship visually to understand the strength type of the relationship between these two variables. In general, this plot is of 3 types, which are positive, negative and no correlation (Akoglu 2018). The relationship of the dependent variable with each independent variable is shown by scatter plots.

Figure 3: Scatter Plot Diagram between Sydney Price Index and Market Price ($000)

Figure 3 represents a scatter plot diagram to show relationship between independent variable Sydney Price Index and dependent variable Market Price ($000). From the figure, it is seen that these two variables do not have any relationship with each other. In other words, the diagram indicates that Sydney Price Index does not relate with Market Price ($000). Hence, variation in Sydney Price Index cannot tend the Market price to variation in same or opposite direction specifically.

Figure 4: Scatter Plot Diagram between Total number of square meters and Market Price ($000)

Figure 4 represents a scatter plot diagram to show relationship between independent variable Total number of square meters and dependent variable Market Price ($000). From the figure, it is seen that these two variables have strong and positive correlation. In other words, the diagram indicates that there if Sydney Price Index increases, Market Price ($000) price also increases and vice versa.

Figure 5: Scatter Plot Diagram between Age of house (years) and Market Price ($000)

Figure 5 represents a scatter plot diagram to show relationship between independent variable Age of house (years) and dependent variable Market Price ($000). From the figure, it is seen that these two variables do not have any relationship with each other. In other words, the diagram indicates that there is no relationship between Age of house (years) and Market Price ($000). Hence, age of house cannot tend the Market price to change in same or opposite direction specifically.

The following table represents summary outcome of multiple regression model:

From table 4, the following equation of multiple regression is obtained: Market Price ($000) = 406.38 + 0.02 Sydney Price Index + 1.75 Total number of square meters + 0.1 Age of house (years)

In this equation, 406.38 is the intercept of regression equation. Moreover, 0.02, 1.75 and 0.1 are beta coefficients. Beta coefficient of an independent variable implies the magnitude of change in the dependent variable when this independent variable changes by 1 unit.

If Sydney price index increases by 1%, the market price of houses will increase by $ 0.02 (‘000). If total number of land size increases by 1,75 square meters, then market price of house will increase by $1.75 (‘000). If age of houses increases by 1year, then market price of that house will increase by $0.1 (‘000). Hence, from the equation, it is seen that each independent variable has positive influence on the market price of house.

Table 5: Calculation of Simple Linear Regression

The obtained Simple linear regression equation is: Market Price ($000) = 410.42 + 1.75 total number of square meters According to the above equation, market price of a house can be high even if land size in square meters of the house is unavailable.

From the multiple regression equation of question 8, the slopes are described below. The slope of the regression line is the beta coefficient of total number of square meters. It implies that if land size increases by 1 square meters, the market price will increase by $1.75 (‘000).

The value of R-square is 0.99 which means independent variable can define 99% of variation of the dependent variable.

At 95% confidence interval, the slope coefficients are: lower limit: 1.712 and upper limit: 1.789. For intercept, the lower limit is 402.392 and upper limit is 418.456.

The value of R-square in question 7 is 0.99 while that in question 8 is 0.9 as well. Hence, it is observed that the value of R-square in both models are almost equal to 1. Moreover, the value of the coefficient of determination or adjusted R-square for the association between dependent and autonomous variables is 0.99 as per table 4. It implies that independent variables can predict almost 99% of variation of the dependent variable. Hence, it indicates a strong and positive correlation between dependent and independent variables. Hence, models fit the data perfectly.

From simple linear regression equation, obtained in question 8, the market price of house (in $) can be obtained when a building is given as 300 square meters.

Market Price ($) = 410.42 + 1.75 * 300 Market Price ($) = 410.42 + 525 Market Price ($) = 935.42

Here, the answer is valid as the obtained relationship is statistically significant as significance F value of the equation is 0.00 at 5% significant level and hence it is less than 0.05.

The null hypothesis states no association between market price and land size which is measured in terms of square meters:

H0: b1 ≠ 0

The alternative hypothesis states an association between market price and land size which is measured in terms of square meters:

The hypothesis is tested at 95% significant level when α = 0.05

At 5% significant level, p-value is 0.00, which is lower than 0.05. Hence it implies that the alternative hypothesis is true and the equation is statistically significant. In other words, it can be said that there is a positive linear relationship between market price ($000) and land size in square meters.

The full model is the multiple regression model.

In this model, the null hypothesis is:

H0: Each independent variable is statistically insignificant

The alternative hypothesis is:

H1: At least one of the autonomous variables is statistically significant

In table 4, the p-value for Sydney price index and age of house (years) are 0.48 and 0.14 which are greater than 0.05 at 95% confidence interval. This means the null hypothesis is true which means these two autonomous variables are not important in explaining market price of the houses in thousand dollars.

On the other side, the p-value for total number of square meters and age if house (years) is 0.00 which is less than 0.05 at 95% confidence interval. This means the null hypothesis is rejected as the independent variable is significant in measuring and predicting market price of the houses in thousand dollars.

Moreover, the significance F is 0.00 which is less than 0.05 at 5% significant level. It accepts the alternative hypothesis that at least one of the autonomous variables is significant.

In conclusion, it can be said that market price of houses can be determined properly by land size of houses in square meters. On the contrary, Sydney price index and age of house (years) cannot measure market price of houses correctly. Thus, to determine market price of house, it is better to consider land size of it in terms of square meters. The significant relationship between autonomous variable and dependent variable is understood by the linear regression model. The P-value is used to determine whether the relationship is significant or not.

References:

Akoglu, H., 2018. User's guide to correlation coefficients. Turkish journal of emergency medicine, 18(3), pp.91-93.

Cooksey, R.W., 2020. Descriptive Statistics for Summarising Data. In Illustrating Statistical Procedures: Finding Meaning in Quantitative Data (pp. 61-139). Springer, Singapore.

Montgomery, D.C., Peck, E.A. and Vining, G.G., 2021. Introduction to linear regression analysis. John Wiley & Sons.

Orcan, F., 2020. Parametric or non-parametric: Skewness to test normality for mean comparison. International Journal of Assessment Tools in Education, 7(2), pp.255-265.

Xu, M., Fralick, D., Zheng, J.Z., Wang, B., Tu, X.M. and Feng, C., 2017. The differences and similarities between two-sample t-test and paired t-test. Shanghai archives of psychiatry, 29(3), p.184.

ACCT6005 Company Accounting Case Study Sample

- Assessment coverage: Module 1 Fair Value adjustment and Module 2 Intra group transactions.

- Part A: This assignment is designed to assess your understanding and application of knowledge using a practical case study to analyse and prepare relevant worksheet entries and financial statements for a Group.

- Part B: You will be required to prepare a short video (8 minutes +/-10%) addressing specific questions in this assignment. You will recommend and communicate strategic recommendations regarding various types of consolidation adjustment entries. This is designed to access your understanding of the concepts covered in Module 1 and Module 2 and assess your communication skills to your audience.

Please ensure that your presentation includes reference to relevant Australian Accounting Standards (AASB).

Question 1:

The accounting for the acquisition is made as per the AASB three-paragraph 5, which hopes in the process of calculating the process of purchase which includes the identification of the one who will acquire. Determination of the date of acquisition along with the measurement of the identifiable as it's acquired in the acquisition process and the debts and any non-controlling interest in the acquiree. Furthermore, recognition and measurement of the goodwill or profit from bargain purchase needs to be done. For Assignment Help Therefore for the equation analysis, we need four different aspects to be covered. Is that the purchase consideration is being paid to the Acquiree, recognizing the identifiable assets and liabilities purchased and calculation of goodwill. In the calculation of purchase consideration, all the payments made with her in the way of cash or equity or both should be included. Whereas for the measurement of the value of net identifiable assets, the assets fair value and its book value should be considered. However, if there is a difference between the book value and the fair value of any asset and the purchasing companies recording the assets at its fair value difference of the fair value and book value includes a tax treatment, which should be adjusted either as DTA or DTL. Further, the gain or loss arising in adjustment after the tax effect will be adjusted with BCVR. If the purchase consideration is higher than the net value of the asset acquired, then the goodwill will be recognized for the difference amount; on the contrary, again on bargain purchase will be recorded.

Question 2:

In the given case scenario, the inventory’s book value is $30,000, whereas its fair value is $40,000; this signifies that the inventory’s fair value and the book value are not the same; therefore, it should be adjusted. In this case, the fair value of the inventory is higher than the book fellow; therefore, again on acquisition should be recognized (Ayres, Huang & Myring, 2017). the gain on acquiring the inventory amounts to $10000 ($40000 -$30000). However, the entire amount will not be recognized again due to the tax rate of 30%. Here the tax liability for the fair value accounting will be $3000, and the BCVR adjustment will be $7000.

Question 3:

In the given case, as Joel is acquiring 100 persons takes in Billy. Therefore any liability relating to the dividend payable is required to be eliminated due to double accounting. Does in the calculation of purchase Thus in the calculation of Purchase Consideration dividend payable by Billy is ignored.

Question 4:

In the consolidation process, as there is 100% acquisition and no non-controlling interest, therefore the entire income, expenditure, assets, and liabilities of the parent company and the subsidiary company will be adjusted. Therefore in the consolidation process, all the income of Billy is acquired to be added with the income of Joel. However, there are some intergroup transactions such as the sale of plant and machinery inventory in between the party we just having a profit or loss aspect. Therefore it should be eliminated for double accounting. For the elimination of the value of inventory or any asset sold by the parent to subsidiary or subsidiary to parent, only the profit part should be eliminated. However, if the Product is sold to external parties, then the profit should not be illuminated (Leo et al., 2018).

Question 5:

In the case of consolidation entries, the difference between the book value and the fair value after exiting the taxes is transferred to the DC fear so that the loss or gain on the fair value acquisition is determinable. In the end, any adjustment relating to the acquisition process is adjusted with this account, at the closing of the acquisition process, the BCVR transfer or to the financial statement or reserves. The making of BCVR adjustment it's to make a detailed statement about the profit and loss arising in the consolidation process.

Question 6:

The given scenario presents that Joel has given a loan to Billy limited for $326,000. However, in the consolidation accounting process, order preparation of consolidated financial statement any intragroup transactions between the parent and the subsidiary is required to be eliminated. Therefore the adjustment for the loan provided by the parent for the subsidiary should be deducted from its asset section. Similarly, the liability of the loan should be eliminated from the books of Billy limited. Along with that, any interest expense or income is it recognized by any parties relating to the loan provided by the parent should be eliminated from the books. Therefore, in the adjustment, the interest received by Joel from Billy and the loan liability is eliminated, and the same treatment is made in the books of Billy for eliminating the unrealized gain or losses (Cîrstea, Nistor & Tiron Tudor,2017).

• Assessment coverage: Module 1-2 Fair Value adjustment and Intra group transactions.

• You are required to demonstrate: the assumed knowledge and skills from Module 1 Introduction and Principles of Consolidation; understanding and ability to account for fair value adjustments and intra group transactions.

• You are able to prepare: acquisition analysis, adjustment entries for group using the consolidation worksheet, and consolidated financial statements.

• You are able to recommend and communicate strategic recommendations regardingfair value adjustment entries.

Instructions:

• Show all relevant workings where required. • Combine the answers for both Part A and Part B into one assessment document.

Point 1: Goodwill

1. The accounts that would get affected from the impairment of Goodwill are Goodwill, Retained Profit, BCVR, Investments in Dublin.

2. The above accounts have not been adjusted to eliminate the intragroup impairment of Goodwill of $5000.

It is to be further noted that Goodwill treatment would not get affected from the tax rate.

The individual companies would have passed the following entries before consolidation are as follows:

3. The Elimination Entry would be for the stated situation are as follows

4. If this error is not corrected, goodwill would be shown at book value instead of showing at fair value leads to which the value of assets would be shown at overstated value by $5000. As per the IAS 36 goodwill should be impaired if the book value is less than the fair value of the market. In the currents scenario goodwill of the Dublin Ltd has been impaired by $5000 and this should be shown at the consolidated balance sheet. Since the goodwill which has been acquired during the time of acquisition has been impaired the same should be reduced by $5000 to show the net and true effect. For Assignment Help Further, any impairment or any improvements in the valuation of the goodwill would be capitalized as such treatment is not regular in nature. However, in the current scenario as the impairment of goodwill has risen after acquisition hence the same should be reduced from the Retained Earnings. Also, impairment expense is the different type of expense for the company and hence this should not mix up with any other expense. (Glaum, Landsman, Wyrwa, 2018)

Point 2: Sales of inventory

1. The accounts that would get affected from the sales of inventory in between the companies are Cost of goods sold, Sales, Inventory, Net Profit.

2. The above accounts have not been adjusted to eliminate the intragroup unrealized profit of $3000.

3. Elimination entries for the current adjustment is follows

4. If this error is not corrected, inventory and profit would be shown at inflated value. Further, the overall value of the assets would reflect at the inflated values as the value of the inventory has been inflated. On the other side liabilities would be inflated due to the profit arrived from such sale. The intra group adjustment should be made appropriately so that net effect can be shown. Therefore, such adjustments have to make to deliver true and fair balance of the financial statements so that the value of assets and liabilities should reflect at correct balance. The profit would change for the company as the profit from the sale of inventory would reduce from the total profit. (Dubolazov, Simakova, Dubolazova, Makarov, 2020)

Point 3: Sale of Equipment

1. The account that would get affected from the sale of equipment in between two companies are Galway, equipment, Profit on equipment, Dublin.

2. The above accounts have not been adjusted to eliminate the intragroup unrealized profit of $5600. The sale of equipment between both the companies should be excluded as the same is considered under intra-group transaction.

The individual companies would have passed the following entries:

3. Elimination Entry for the current adjustment is follows

4. If the above adjustment has not being made then assets and liabilities both would be shown at inflated values. The correct value of the equipment would be ignored and the unrealized profit that should be ignored has taken into consideration. Hence, net gain after tax should be excluded for the purpose of correct evaluation of the equipment. (Dutt, Nicolay, Spengel, 2021)

Point 4: Dividend

1. The account which have been affected Dividend received, Dividend Payable, Dublin, Galway.

2. The above accounts have not been adjusted to eliminate the intragroup adjustment of $18000. The date of acquisition is 1st July 2019 and dividend paid on September 2019 which is the part of post-acquisition profit and hence should be credited in the profit and loss account. Any revenue occurred after the acquisition should not be capitalized. Further, Galway Ltd has declared the dividend as on May 2020 and the same would be paid on October 2020.

3. Elimination of entries for the current adjustment is follows

4. If the above adjustment has not being made then assets and liabilities both would be shown at inflated values leads to which the balance sheet of the company would not deliver true and fair statements. Further, dividend payment and received would show double effect which is not correct as per the international accounting standard. There would be no difference in the accounting of net profit as dividend is being paid after arriving at profit. The intra group transactions should be adjusted while preparation of the consolidation account so that the financial statement should deliver true value. As per the international accounting standard while preparation of the consolidation net effect should be shown.

Point 5: Charge of service Fees

1. The account which have been affected Galway, Dublin, Service Revenue, Service Expense.

2. The above accounts have not been adjusted to eliminate the intragroup adjustment of $9000 ($90000 x 10%). AS 90% of $90000 has already paid by Dublin Ltd to Galway Ltd.

3. Elimination of entries for the current adjustment are as follows:

Dr Service Revenue $90000 Cr Service Expense $90000

4. If the above adjustment has not being made then assets and liabilities both would be shown at inflated values leads to which the balance sheet of the company would not deliver true and fair statements. In the current scenario, Dublin Ltd has purchased services expenses from Galway Ltd which leads to creation of creditors in Dublin Company and creation of debtors in the account of Galway Ltd. To show the net effect both the transaction should be eliminated. However, the value of the net assets and equity would not change for a group but the assets and liabilities would be inflated by $9000 in the financial statements. The Gross Profit would not change but the reporting of income would accordingly overstated by such amount. (Piuzzi, Song, Bigach, Khlopas, Mont, Vega, 2019)

From the above adjustments the consolidation report has been created in which net affect has been considered thereby eliminating all the previous stated entries that enables us to understand the true and fair view of the financial statements of the company. As per the international accounting standard all the intra group entries should be adjusted effectively to deliver correct value of the statements.

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Management Accounting Case Study Assignment

The following academic paper highlights the up-to-date issues and questions of Management Accounting Case Study Assignment. This sample provides just some ideas on how this topic can be analyzed and discussed.

Management Accounting Case Assignment BY Allele Case 8-28. Evaluating a Company’s Budget Procedures. 1 . Identify the problems that exist in Ferguson & Sons Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system. The overall company’s strategy is not well defined by executives and communicated to the management.

There is no goal other the cost reduction at total company level as well as at departmental level. Managers don’t see connection between expenses, revenues and overall company’s profitability.

As a result managers are frustrated because instead of help that budget is suppose to bring it creates problems. Managers don’t participate in budget’s development; it is purely a task of an accounting department which sets up performance goals for the company as a whole and all its divisions.

Accounting department also controls the execution; other departments’ managers are completely removed from that process, they are only informed about their department’s performance at the monthly meeting.

Management Accounting Cases

It turns out that department managers are accountable for the results that they never truly omitted to. This approach would lower company’s performance on the long run, when managers loose motivation they are not interested to deliver good results. Accounting departments has a very distant relationship with other operational departments; they concentrate on evaluating only financial goals, looking strictly at the numbers.

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They are only concerned with the cost reduction and continue to tighten the individual budgets once performance goal is met.

At the same time it looks like budget tightening strategy may become unreasonable because at some mint the only way the department can meet the budget is by sacrificing its quality for quantity. If quality becomes an issue, it may lose customers and potentials profits. The way the managers’ performance is being evaluated does not seem to be fair. Managers are not recognized well enough if they met the budget or even saved more than expected. They are being “rewarded” with the tighter budget every time they achieve the goal.

However if expenses end up to be higher than predicted, managers get a low rating during their monthly performance evaluation. The only motivation for managers to meet the budget is trying to avoid the low performance rating. With the current strategy managers are not rewarded for the good performance instead they are punished in both cases when they meet the budget and get the tighter goal or when they don’t deliver expected savings and given lower performance rating which also affect their income.

In this circumstance some managers may decide to leave the company and it may be hard to replace them, especially the most experienced ones. Company will incur the additional costs related to hiring the replacements. Operational processes are not well coordinated when special orders are given analysis being done to investigate the cause and no recommendations are made on how to avoid certain costs and improve the performance. The work between departments is not well coordinated either because all departments are over concerned with meeting their monthly budgets.

The maintenance department chooses not to help machine shop to fix their broken equipment Just to save time they need to meet their own department budget. However at the total company’s level expenses are higher because of idle time that loud be avoided if the maintenance department reacted to the problem on a timely manner. When departments can, they choose to first perform the Jobs that could be done with less time than budgeted; as a result the more important Jobs are being postponed. As a result the whole company’s performance may suffer.

Company would have to pay additional costs for idle time or for delaying Jobs that are more critical but require more time to complete then allowed by the budget. 2. Explain how Ferguson & Sons Manufacturing Company’s budgetary control system could be revised to improve its effectiveness. To be more efficient the company’s budget has to be done for the whole company. Departmental budgets should not be separately developed and evaluated since they are all part of the same company. In addition to setting cost reducing goals, it also has to set up revenue and profitability targets.

In addition to financial, it should have non financial measurements against which performance should be evaluated. The overall company’s strategy has to be reflected in the budget goals. Budgeting has to become a common effort for all level of managers when every manager participates n the goal setting discussions, agrees on the goal and feels accountability for the result. While developing budget, a set of clear and specific expectations has to be prepared which will help managers to compare actual and budgeted results.

Accounting department role has to change, instead of setting goals and controlling the performance it has to provide support to managers to help them to set up their own goals and provide with data supported by analysis to help managers to understand where the potential problems can be and make a decision on how to improve the performance. Variance analysis has to be done on a regular basis, all variances to the plan have to be investigated and explained, and then appropriate action should be taken to avoid the potential variance in the future.

Variance investigation should be a common effort for managers and accountants because while accountants are responsible for the financial part, managers provide expertise into other operational processes that they are responsible for in their departments. All the internal processes and expenses have to be analyses, especially ones that affect two or more departments. This would help to avoid some costs. To achieve company’s efficiency, all its internal Once budget is set it has to be reviewed and adjusted during every budgeting cycle.

The tightening of the budget would only make sense if it does not sacrifice quality and does not lower motivation. Company’s goals have to be realistic and could be revised if internal or external conditions change. Executives should also revise their performance recognition system and to tie individual managers clear goals to the results. Once manager understands the goals and feels his accountability he would be better motivated to meet these goals. Company should develop effective rewards and recognitions system other then “budget tightening” to increase managers’ involvement in company’s performance and to retain its best employees.

Case 108-5. Ethics and the Manager; Rigging Standards. 1 . How did Preston Lansing probably “rig” the standard costs – are the standards set too high or too low? Explain. Since Lansing rigged the standards so that they were always large favorable variances it means that he was setting standard costs too high because positive variance appears when goods produced at the lower costs then standards. That is he way to artificially overestimate Costs of Goods Sold and underestimate Operating Income up until the positive variance is recognized.

The way the costs are manipulated is when the positive variances are gradually recognized throughout a year showing increasing performance in second and third quarter and demonstrating the highest performance in the forth quarter. 2. Should Preston Lansing be permitted to continue his practice of managing reported earnings? This is an example of earnings manipulation and it should not be permitted. First of all Preston is being rewarded based on last quarter/year end results. The bonus would not be as high if the earnings were not manipulated.

This creates an ethical issue for the company. Manipulation should not be rewarded. Income Statement does not represent a true picture of company’s performance which may hide the existing problems. This is not acceptable from the external reporting prospective, when external users of the information are being misguided on company’s true performance. 3. What should Stacy Cummins do in this situation? Stacy was concerned about her findings and notified the president of the situation, but did not receive his support.

She could go further and bring it to the attention of the Board of Directors, particularly the audit committee, and outline problems that it may create for the company. It may not have desirable results since Board of Directors may already be aware about the issue but does not want to change anything in the current situation. If Stack’s actions have no results and she feels insecure in the current situation she may choose to leave the company to avoid potential problems if any controversy arises as a result of company’s unacceptable accosting practices and she may be liable for the professional misconduct.

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Financial Accounting and Reporting Classroom Materials

Financial Accounting and Reporting is an important part of the accounting curriculum. The skills students learn in your classroom will not only prepare them for more advanced courses, but to one day succeed in a career. The below are supplemental curriculum resources that the AICPA Academics team have reviewed and think can be used in the classroom.

Award-Winning Curricula

The Academics team is proud to offer award-winning curricula designed to encourage faculty and expand the knowledge of accounting students. The curricula below is from the Accounting Professors Curriculum Resource tool and has been recognized for excellence with the Bea Sanders/AICPA Innovation and Teaching Award , the George Krull/Grant Thornton AAA Innovation in Junior and Senior-Level Teaching Award, or the Mark Chain/FSA Innovation in Graduate Teaching Award .

A Better Way to Teach Effective Interest Method Related Problems in Accounting This resource presents a simpler method of teach accounting problems involving the use of the effective interest method. The method stimulates student interest by focusing on the economics of the transaction and relating it to real-life examples.
Accounting in the Headlines: A News Blog for the Introductory Accounting Classroom This resource shares Wendy Tietz's "Accounting in the Headlines" blog in which she writes stories about real-life companies and events that can be used in the accounting classroom to illustrate introductory financial and managerial accounting concepts.
Accounting Challenge (ACE): Mobile-Gaming App for Learning Accounting Accounting Challenge is the first mobile-gaming app for teaching financial accounting. ACE aims to enhance learning of accounting outside the classroom by engaging students to play and learn accounting on the go.
A FASB Accounting Standards Codification Project for Introductory Financial Accounting This exercise is designed as a team project in which introductory accounting students act as a consultants to a client seeking guidance on issues surrounding a start-up venture. Students must access and cite the Codification as the basis for the materials they submit in fulfillment of the project requirements.
Attracting the Best and Brightest to Accounting: Establishing an Honors Accounting Course This resource presents one school's approach to attracting and recruiting the best and brightest students toward accounting by offering an honors accounting course.
Beyond Debits and Credits... Service Learning in Accounting This resource presents a service learning project implemented in two accounting courses to enhance student skills in communication and teamwork.
Business From the Idea to the Seasoned Offering: Accounting and Financial Statements Reflecting Business Activities This project takes accounting education from bookkeeping to holistic active business learning including how financial statements build to reflect the business.
Chocolate: Accounting as a First year Seminar This resource provides a thematic approach at combining first year seminars and accounting programs using student activities that are simultaneously engaging and assessable.
Creative Strategies for Teaching MBA Level Accounting This resource presents a new concept for teaching accounting to MBA level students. At its heart, accounting centers on measurement of historical transactions or the measurement of future opportunities. this course turns the focus from rules, to the tools leaders need to manage a complex organization.
Cultivating Deep Learning in the Principles of Accounting Classes through Philanthropy-Based Education This philanthropy project goes beyond service learning or volunteerism. Students make real decisions that have immediate impacts on their community. Students award funding to not-for-profit agencies based on a competitive proposal process.
Digital Storytelling for Engaged Student Learning This resource uses digital story telling, a movie, to enhance students' technical competence in accounting. The story uses 12 episodes to follow three young business graduates who started their own business and discover along the way the role of financial information in managing a business venture.
FASB Accounting Standards Codification: Student-Authored Research Exercises This resource is based on the notion that the best way to learn something is to teach it. Students in a financial accounting graduate class demonstrate their master of GAAP research skills by creating research assignments using the FASB Accounting Standards Codification.
Forming Groups in the Age of YouTube This resource uses a variation of speed dating as a means for forming groups in an introductory accounting class. By learning more about their classmates prior to self-selecting a group this method allows students to choose better groups.
Getting Started in the Throughbred Horse Business: A Review of Some Basic Accounting Principles This resource provides reinforcement of common accrual accounting concepts centered on the breeding and racing operations of a small thoroughbred horse business. This curriculum is appropriate to use after students have been exposed to fixed assets, inventory, profit and loss and cash flow reporting.
IFRS Immersion This resource provides instructions for teaching an IFRS course from the standpoint of foreign companies that have already dealt with the problems and issues associated with converting from local GAAP to international GAAP.
IFRS Projects Using Dual Reporting of IFRS and U.S. GAAP This resource illustrates integrating IFRS learning into financial accounting curricula by incorporating valuable contrasting information from the dual reporting.
Integrated Accounting Principles: A New Approach to Traditional Accounting Principles Courses This resource describes an integrated accounting principles course that combines traditional financial and managerial accounting courses into a single six hour course.
Introducing Freshmen Students in the Accounting/Finance Course to the Library This resource describes a series of online, interactive tutorials and quizzes to help students learn fundamental concepts and skills of company and industry related research.
Introduction to Financial Accounting Case Project: Arctic Blast Ice Cream Store This case provides an opportunity for students to apply accounting concepts to a simple business venture. The project lasts 4-6 weeks and covers three distinct phases of the management process: business decision making, performance and evaluation.
Let's Go to the Movies: Using Movies as an Ethics Assignment This project involves students watching a series of predetermined movies and noting the ethical dilemma. At the end of the semester each student must defend one of the movies as a nominee for "A Must See Ethics Movie" for accounting/business students.
Mini-responsibility Centers: A Strategy for Learning by Leading This resource explains the concept of using mini-responsibility centers (MRCs) to decentralize large financial, managerial and cost accounting courses. In return the students are more focused and engaged.
Modeling Uncertainty in C-V-P Assignments: Going Beyond the Basics! This resource provides an outline for using the Monte Carlo Simulation to offer graduate students an opportunity to rapidly come to insights about probabilistic model building and interpretation. The simulation combines quantitative skills and qualitative skills along with reports and presentations.
Northwind Data Query Exercise This project encourages students to consider the evolution of data sources for financial reporting and evaluate how to acquire and manipulate information in this emerging business reality; by actually practicing queries and exporting information to worksheets.
Reinventing Student Engagement and Collaboration within Introductory Accounting Courses This resource provides ideas for increasing engagement and collaboration in the introductory accounting class. Examples include student projects, flipped classroom applications and in-class problems.
Responsibilities and Choices: An Active Engagement Exercise for Introductory Accounting Courses This exercise provides students with an opportunity to perform a basic due diligence task, complete a relatively simple working paper to document their work and make a decision. The exercise has embedded moral temptation and ethical issues and examines ethical choices that students make in the presence of time pressure and reward structures that encourage aggressive performance.
TeachingIFRS.com This document provides information on TeachingIFRS.com which was created in response to the rapid growth of IFRS and lack of high quality and effective teaching resources. The site consolidates and provides links to numerous freely available IFRS pedagogical materials.
Testing Critical Thinking Skills in Accounting Principles This resource describes a method for testing critical thinking skills in an accounting principles course. Using this method, each testing period is divided into two parts. First, students complete an individual traditional test. The second part is a critical thinking exercise called "the challenge problem".
The Accounting Profession Post Sarbanes-Oxley: An Approach to Impart Knowledge About the Conceptual Framework and Attract Students to the Accounting Major This document provides the description of a program entitled "The Accounting Profession Post Sarbanes-Oxley". The program provides students with an opportunity to better understand important elements of the conceptual framework. It also provides an overview of the career opportunities in accounting.
The Accounting Tournament - March Madness in Financial Accounting This resource describes implementation of an end of year comprehensive review using brackets as a model. Students are randomly placed in the bracket and compete against each other for extra credit points.
The Amazing Accounting Race: An Introductory Accounting Semester Project This project engages students with an exciting internet race around the professional world of accounting. Students obtain clues to complete tasks, encounter detours, road blocks and fast forwards. The assignments utilize students' synthesis skills and computer application skills as they collect facts about accounting careers from the internet and assemble data in an organized format.
The College to Professional Experience This resource outlines a program that serves to better prepare students for the "real world" by changing the perception of education from "learning by doing" to "doing and making to learn with technology". The project aims to move beyond traditional models of education to leverage technology to facilitate new methods of delivery and understanding.
The Farming Game and the Introductory Financial Accounting Course: An Accounting Simulation The Farming Game enables students to develop many of the skill-based competencies needed by students entering the accounting profession, regardless of career path. The Game provides experiential learning of various accounting principles. It is a learning opportunity that offers students a degree of reality and a larger view of the system.
Understand FX Risk by Playing Monopoly This resource uses a short version of Monopoly to understand the FX risk impact on net income.
Back to the Future: Using Accounting History to Explore Professional Opportunities In this project students read an article about a period of time in accounting history and present their findings to the class in a video format. Students then tie what they have learned in the presentations to the field of accounting today as well as the future.
From Pacioli to Picasso: Using Art to Enhance Critical Thinking in Accounting Capstone Courses This resource outlines using name cards, picture drawings and classic artwork to help students enhance their critical thinking skills. The exercise sets the tone for a course that requires them to think about more than rules and regulations and instead delve into the "why" and "what could be."
Digging Deep: Using Forensic Analytics as a Context to Teach Microsoft Excel and Access This resource describes a graduate level case that focuses on the development of technology skills through the lens of forensic analysis.
Who Moved My Classroom? Community Linked Learning and Assessment This resource describes three exercises that expand learning beyond the classroom. The first exercise allows students to discover the linkage between classroom studies and what practitioners do in the "real world". The second allows students to apply the COSO model to internal controls. The third requires students to interpret financial statements for a friend.

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IIRC Database of Research on Integrated Reporting The International Integrated Reporting Council (IIRC) launched the <IR> Academic Database, a searchable collection of more than 200 articles, books, chapters, dissertations, and other pieces of scholarly research on the advancement, adoption, and practice of integrated reporting.
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Accounting Case Study Question & Answers

Scenario 01

Read the following case and answer the questions asked.

Eric considers that the profit and the rate of return are very attractive, but he is weak in accounting. Help Eric by solving the following questions?

Question 01: Calculate the contribution margin per unit of cake.

Question 02: Identify the fixed costs and find total fixed costs per month.

Question 03: Calculate profit earned in each month and annual profit.

Scenario02

Read the following paragraph and make recommendations to Eric.

Should Eric acquire the cake shop? Help Eric by answering the following questions.

Question 04: Calculate units of cakes to be sold per month to break even.

Question 05: Calculate the margin of safety to determine the “cushion” before incurring a loss if the expected sales fail to materialize. Express this measure in percentage.

Scenario03

There is a chance that the supplier will increase the price of each cake from $6 to $7.5, but in Mary’s opinion, the selling price could only be increased by $1 to maintain the existing sales volume.

Help Eric in figuring out the impact on the annual profit if this new situation occurs by answering the following questions?

Question 06: Calculate the new unit contribution.

Question 07: Calculate the new annual profit.

Question 08: Calculate the new BEP in units.

Question 09: Calculate the new margin of safety in units. Express this measure in percentage too.

Question 10: Provide comments on the new Margin of safety.

Scenario04 – Acceptance of a proposal

Refer to the original cost figures of scenario 01. Now assume, Eric receives a proposal from Mary after he acquired the cake shop. You are now required to help Eric to analyze the proposals and determine whether to accept it or not.

Mary’s Proposal

If the company spends $10,000 per month in advertising, the monthly sales volume will increase by 10,000 units.

Question 11: What is wrong with Eric’s calculation? Help Eric make the right decision on accepting the proposal. Should Eric accept the proposal?

Scenario05 – Solving Business Problem

One year after Eric acquired the cake shop business …………..

Without implementing the proposal made by Mary in Scenario 4, the profit for the first year of operation is $120,000 as expected. After receiving the letter, Eric asks you how this change will affect the company’s annual profit (do not consider changes of scenario 3 & 4).

Question 12: What is the change to fixed costs? How does it affect the annual profit, BEP, and margin of safety? Advise Eric on this issue.

Scenario06 – Adding chocolate mix topping on the cake

Eric has a plan to develop his business. His wife has a special chocolate mix recipe. He plans to add chocolate topping on the cake, using his wife’s special recipe.

Special recipe on the cake: Add chocolate topping on the cake.

Eric expects the new production unit selling price to increase by $1 and the monthly sales volume to increase to 11,000 units. The supplier of the cake will give Eric a 5 % discount on 11,000 units per month.

Extra costs:

New baker’s salary to prepare the chocolate mix:$9,500 per month
Cost of chocolate mix: $0.5 per unit
To publicize the new product, 5,000 flyers are $0.5 per flyer distributed in order to achieve the target sales volume.

Question 13: Advice Eric whether he should carry out the plan. Please help Eric calculate the new variable costs and monthly fixed costs for the new product. (Hint: What is the new unit purchase price if the discount is taken? Think whether the chocolate mix, baker’s salary and the cost of flyers are variable or fixed costs.)

Please help Eric calculate the break-even point, margin of safety in units and percentage, annual profit if the new product is launched. What is your recommendation to Eric?

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Organizing Your Social Sciences Research Assignments

Annotated Bibliography
Analyzing a Scholarly Journal Article
Group Presentations
Dealing with Nervousness
Using Visual Aids
Grading Someone Else's Paper
Types of Structured Group Activities
Group Project Survival Skills
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Reviewing Collected Works
Writing a Case Analysis Paper
Writing a Case Study
About Informed Consent
Writing Field Notes
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Writing a Reflective Paper
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Generative AI and Writing
Acknowledgments

A case study research paper examines a person, place, event, condition, phenomenon, or other type of subject of analysis in order to extrapolate key themes and results that help predict future trends, illuminate previously hidden issues that can be applied to practice, and/or provide a means for understanding an important research problem with greater clarity. A case study research paper usually examines a single subject of analysis, but case study papers can also be designed as a comparative investigation that shows relationships between two or more subjects. The methods used to study a case can rest within a quantitative, qualitative, or mixed-method investigative paradigm.

Case Studies. Writing@CSU. Colorado State University; Mills, Albert J. , Gabrielle Durepos, and Eiden Wiebe, editors. Encyclopedia of Case Study Research . Thousand Oaks, CA: SAGE Publications, 2010 ; “What is a Case Study?” In Swanborn, Peter G. Case Study Research: What, Why and How? London: SAGE, 2010.

How to Approach Writing a Case Study Research Paper

General information about how to choose a topic to investigate can be found under the " Choosing a Research Problem " tab in the Organizing Your Social Sciences Research Paper writing guide. Review this page because it may help you identify a subject of analysis that can be investigated using a case study design.

However, identifying a case to investigate involves more than choosing the research problem . A case study encompasses a problem contextualized around the application of in-depth analysis, interpretation, and discussion, often resulting in specific recommendations for action or for improving existing conditions. As Seawright and Gerring note, practical considerations such as time and access to information can influence case selection, but these issues should not be the sole factors used in describing the methodological justification for identifying a particular case to study. Given this, selecting a case includes considering the following:

The case represents an unusual or atypical example of a research problem that requires more in-depth analysis? Cases often represent a topic that rests on the fringes of prior investigations because the case may provide new ways of understanding the research problem. For example, if the research problem is to identify strategies to improve policies that support girl's access to secondary education in predominantly Muslim nations, you could consider using Azerbaijan as a case study rather than selecting a more obvious nation in the Middle East. Doing so may reveal important new insights into recommending how governments in other predominantly Muslim nations can formulate policies that support improved access to education for girls.
The case provides important insight or illuminate a previously hidden problem? In-depth analysis of a case can be based on the hypothesis that the case study will reveal trends or issues that have not been exposed in prior research or will reveal new and important implications for practice. For example, anecdotal evidence may suggest drug use among homeless veterans is related to their patterns of travel throughout the day. Assuming prior studies have not looked at individual travel choices as a way to study access to illicit drug use, a case study that observes a homeless veteran could reveal how issues of personal mobility choices facilitate regular access to illicit drugs. Note that it is important to conduct a thorough literature review to ensure that your assumption about the need to reveal new insights or previously hidden problems is valid and evidence-based.
The case challenges and offers a counter-point to prevailing assumptions? Over time, research on any given topic can fall into a trap of developing assumptions based on outdated studies that are still applied to new or changing conditions or the idea that something should simply be accepted as "common sense," even though the issue has not been thoroughly tested in current practice. A case study analysis may offer an opportunity to gather evidence that challenges prevailing assumptions about a research problem and provide a new set of recommendations applied to practice that have not been tested previously. For example, perhaps there has been a long practice among scholars to apply a particular theory in explaining the relationship between two subjects of analysis. Your case could challenge this assumption by applying an innovative theoretical framework [perhaps borrowed from another discipline] to explore whether this approach offers new ways of understanding the research problem. Taking a contrarian stance is one of the most important ways that new knowledge and understanding develops from existing literature.
The case provides an opportunity to pursue action leading to the resolution of a problem? Another way to think about choosing a case to study is to consider how the results from investigating a particular case may result in findings that reveal ways in which to resolve an existing or emerging problem. For example, studying the case of an unforeseen incident, such as a fatal accident at a railroad crossing, can reveal hidden issues that could be applied to preventative measures that contribute to reducing the chance of accidents in the future. In this example, a case study investigating the accident could lead to a better understanding of where to strategically locate additional signals at other railroad crossings so as to better warn drivers of an approaching train, particularly when visibility is hindered by heavy rain, fog, or at night.
The case offers a new direction in future research? A case study can be used as a tool for an exploratory investigation that highlights the need for further research about the problem. A case can be used when there are few studies that help predict an outcome or that establish a clear understanding about how best to proceed in addressing a problem. For example, after conducting a thorough literature review [very important!], you discover that little research exists showing the ways in which women contribute to promoting water conservation in rural communities of east central Africa. A case study of how women contribute to saving water in a rural village of Uganda can lay the foundation for understanding the need for more thorough research that documents how women in their roles as cooks and family caregivers think about water as a valuable resource within their community. This example of a case study could also point to the need for scholars to build new theoretical frameworks around the topic [e.g., applying feminist theories of work and family to the issue of water conservation].

Eisenhardt, Kathleen M. “Building Theories from Case Study Research.” Academy of Management Review 14 (October 1989): 532-550; Emmel, Nick. Sampling and Choosing Cases in Qualitative Research: A Realist Approach . Thousand Oaks, CA: SAGE Publications, 2013; Gerring, John. “What Is a Case Study and What Is It Good for?” American Political Science Review 98 (May 2004): 341-354; Mills, Albert J. , Gabrielle Durepos, and Eiden Wiebe, editors. Encyclopedia of Case Study Research . Thousand Oaks, CA: SAGE Publications, 2010; Seawright, Jason and John Gerring. "Case Selection Techniques in Case Study Research." Political Research Quarterly 61 (June 2008): 294-308.

Structure and Writing Style

The purpose of a paper in the social sciences designed around a case study is to thoroughly investigate a subject of analysis in order to reveal a new understanding about the research problem and, in so doing, contributing new knowledge to what is already known from previous studies. In applied social sciences disciplines [e.g., education, social work, public administration, etc.], case studies may also be used to reveal best practices, highlight key programs, or investigate interesting aspects of professional work.

In general, the structure of a case study research paper is not all that different from a standard college-level research paper. However, there are subtle differences you should be aware of. Here are the key elements to organizing and writing a case study research paper.

I. Introduction

As with any research paper, your introduction should serve as a roadmap for your readers to ascertain the scope and purpose of your study . The introduction to a case study research paper, however, should not only describe the research problem and its significance, but you should also succinctly describe why the case is being used and how it relates to addressing the problem. The two elements should be linked. With this in mind, a good introduction answers these four questions:

What is being studied? Describe the research problem and describe the subject of analysis [the case] you have chosen to address the problem. Explain how they are linked and what elements of the case will help to expand knowledge and understanding about the problem.
Why is this topic important to investigate? Describe the significance of the research problem and state why a case study design and the subject of analysis that the paper is designed around is appropriate in addressing the problem.
What did we know about this topic before I did this study? Provide background that helps lead the reader into the more in-depth literature review to follow. If applicable, summarize prior case study research applied to the research problem and why it fails to adequately address the problem. Describe why your case will be useful. If no prior case studies have been used to address the research problem, explain why you have selected this subject of analysis.
How will this study advance new knowledge or new ways of understanding? Explain why your case study will be suitable in helping to expand knowledge and understanding about the research problem.

Each of these questions should be addressed in no more than a few paragraphs. Exceptions to this can be when you are addressing a complex research problem or subject of analysis that requires more in-depth background information.

II. Literature Review

The literature review for a case study research paper is generally structured the same as it is for any college-level research paper. The difference, however, is that the literature review is focused on providing background information and enabling historical interpretation of the subject of analysis in relation to the research problem the case is intended to address . This includes synthesizing studies that help to:

Place relevant works in the context of their contribution to understanding the case study being investigated . This would involve summarizing studies that have used a similar subject of analysis to investigate the research problem. If there is literature using the same or a very similar case to study, you need to explain why duplicating past research is important [e.g., conditions have changed; prior studies were conducted long ago, etc.].
Describe the relationship each work has to the others under consideration that informs the reader why this case is applicable . Your literature review should include a description of any works that support using the case to investigate the research problem and the underlying research questions.
Identify new ways to interpret prior research using the case study . If applicable, review any research that has examined the research problem using a different research design. Explain how your use of a case study design may reveal new knowledge or a new perspective or that can redirect research in an important new direction.
Resolve conflicts amongst seemingly contradictory previous studies . This refers to synthesizing any literature that points to unresolved issues of concern about the research problem and describing how the subject of analysis that forms the case study can help resolve these existing contradictions.
Point the way in fulfilling a need for additional research . Your review should examine any literature that lays a foundation for understanding why your case study design and the subject of analysis around which you have designed your study may reveal a new way of approaching the research problem or offer a perspective that points to the need for additional research.
Expose any gaps that exist in the literature that the case study could help to fill . Summarize any literature that not only shows how your subject of analysis contributes to understanding the research problem, but how your case contributes to a new way of understanding the problem that prior research has failed to do.
Locate your own research within the context of existing literature [very important!] . Collectively, your literature review should always place your case study within the larger domain of prior research about the problem. The overarching purpose of reviewing pertinent literature in a case study paper is to demonstrate that you have thoroughly identified and synthesized prior studies in relation to explaining the relevance of the case in addressing the research problem.

III. Method

In this section, you explain why you selected a particular case [i.e., subject of analysis] and the strategy you used to identify and ultimately decide that your case was appropriate in addressing the research problem. The way you describe the methods used varies depending on the type of subject of analysis that constitutes your case study.

If your subject of analysis is an incident or event . In the social and behavioral sciences, the event or incident that represents the case to be studied is usually bounded by time and place, with a clear beginning and end and with an identifiable location or position relative to its surroundings. The subject of analysis can be a rare or critical event or it can focus on a typical or regular event. The purpose of studying a rare event is to illuminate new ways of thinking about the broader research problem or to test a hypothesis. Critical incident case studies must describe the method by which you identified the event and explain the process by which you determined the validity of this case to inform broader perspectives about the research problem or to reveal new findings. However, the event does not have to be a rare or uniquely significant to support new thinking about the research problem or to challenge an existing hypothesis. For example, Walo, Bull, and Breen conducted a case study to identify and evaluate the direct and indirect economic benefits and costs of a local sports event in the City of Lismore, New South Wales, Australia. The purpose of their study was to provide new insights from measuring the impact of a typical local sports event that prior studies could not measure well because they focused on large "mega-events." Whether the event is rare or not, the methods section should include an explanation of the following characteristics of the event: a) when did it take place; b) what were the underlying circumstances leading to the event; and, c) what were the consequences of the event in relation to the research problem.

If your subject of analysis is a person. Explain why you selected this particular individual to be studied and describe what experiences they have had that provide an opportunity to advance new understandings about the research problem. Mention any background about this person which might help the reader understand the significance of their experiences that make them worthy of study. This includes describing the relationships this person has had with other people, institutions, and/or events that support using them as the subject for a case study research paper. It is particularly important to differentiate the person as the subject of analysis from others and to succinctly explain how the person relates to examining the research problem [e.g., why is one politician in a particular local election used to show an increase in voter turnout from any other candidate running in the election]. Note that these issues apply to a specific group of people used as a case study unit of analysis [e.g., a classroom of students].

If your subject of analysis is a place. In general, a case study that investigates a place suggests a subject of analysis that is unique or special in some way and that this uniqueness can be used to build new understanding or knowledge about the research problem. A case study of a place must not only describe its various attributes relevant to the research problem [e.g., physical, social, historical, cultural, economic, political], but you must state the method by which you determined that this place will illuminate new understandings about the research problem. It is also important to articulate why a particular place as the case for study is being used if similar places also exist [i.e., if you are studying patterns of homeless encampments of veterans in open spaces, explain why you are studying Echo Park in Los Angeles rather than Griffith Park?]. If applicable, describe what type of human activity involving this place makes it a good choice to study [e.g., prior research suggests Echo Park has more homeless veterans].

If your subject of analysis is a phenomenon. A phenomenon refers to a fact, occurrence, or circumstance that can be studied or observed but with the cause or explanation to be in question. In this sense, a phenomenon that forms your subject of analysis can encompass anything that can be observed or presumed to exist but is not fully understood. In the social and behavioral sciences, the case usually focuses on human interaction within a complex physical, social, economic, cultural, or political system. For example, the phenomenon could be the observation that many vehicles used by ISIS fighters are small trucks with English language advertisements on them. The research problem could be that ISIS fighters are difficult to combat because they are highly mobile. The research questions could be how and by what means are these vehicles used by ISIS being supplied to the militants and how might supply lines to these vehicles be cut off? How might knowing the suppliers of these trucks reveal larger networks of collaborators and financial support? A case study of a phenomenon most often encompasses an in-depth analysis of a cause and effect that is grounded in an interactive relationship between people and their environment in some way.

NOTE: The choice of the case or set of cases to study cannot appear random. Evidence that supports the method by which you identified and chose your subject of analysis should clearly support investigation of the research problem and linked to key findings from your literature review. Be sure to cite any studies that helped you determine that the case you chose was appropriate for examining the problem.

IV. Discussion

The main elements of your discussion section are generally the same as any research paper, but centered around interpreting and drawing conclusions about the key findings from your analysis of the case study. Note that a general social sciences research paper may contain a separate section to report findings. However, in a paper designed around a case study, it is common to combine a description of the results with the discussion about their implications. The objectives of your discussion section should include the following:

Reiterate the Research Problem/State the Major Findings Briefly reiterate the research problem you are investigating and explain why the subject of analysis around which you designed the case study were used. You should then describe the findings revealed from your study of the case using direct, declarative, and succinct proclamation of the study results. Highlight any findings that were unexpected or especially profound.

Explain the Meaning of the Findings and Why They are Important Systematically explain the meaning of your case study findings and why you believe they are important. Begin this part of the section by repeating what you consider to be your most important or surprising finding first, then systematically review each finding. Be sure to thoroughly extrapolate what your analysis of the case can tell the reader about situations or conditions beyond the actual case that was studied while, at the same time, being careful not to misconstrue or conflate a finding that undermines the external validity of your conclusions.

Relate the Findings to Similar Studies No study in the social sciences is so novel or possesses such a restricted focus that it has absolutely no relation to previously published research. The discussion section should relate your case study results to those found in other studies, particularly if questions raised from prior studies served as the motivation for choosing your subject of analysis. This is important because comparing and contrasting the findings of other studies helps support the overall importance of your results and it highlights how and in what ways your case study design and the subject of analysis differs from prior research about the topic.

Consider Alternative Explanations of the Findings Remember that the purpose of social science research is to discover and not to prove. When writing the discussion section, you should carefully consider all possible explanations revealed by the case study results, rather than just those that fit your hypothesis or prior assumptions and biases. Be alert to what the in-depth analysis of the case may reveal about the research problem, including offering a contrarian perspective to what scholars have stated in prior research if that is how the findings can be interpreted from your case.

Acknowledge the Study's Limitations You can state the study's limitations in the conclusion section of your paper but describing the limitations of your subject of analysis in the discussion section provides an opportunity to identify the limitations and explain why they are not significant. This part of the discussion section should also note any unanswered questions or issues your case study could not address. More detailed information about how to document any limitations to your research can be found here .

Suggest Areas for Further Research Although your case study may offer important insights about the research problem, there are likely additional questions related to the problem that remain unanswered or findings that unexpectedly revealed themselves as a result of your in-depth analysis of the case. Be sure that the recommendations for further research are linked to the research problem and that you explain why your recommendations are valid in other contexts and based on the original assumptions of your study.

V. Conclusion

As with any research paper, you should summarize your conclusion in clear, simple language; emphasize how the findings from your case study differs from or supports prior research and why. Do not simply reiterate the discussion section. Provide a synthesis of key findings presented in the paper to show how these converge to address the research problem. If you haven't already done so in the discussion section, be sure to document the limitations of your case study and any need for further research.

The function of your paper's conclusion is to: 1) reiterate the main argument supported by the findings from your case study; 2) state clearly the context, background, and necessity of pursuing the research problem using a case study design in relation to an issue, controversy, or a gap found from reviewing the literature; and, 3) provide a place to persuasively and succinctly restate the significance of your research problem, given that the reader has now been presented with in-depth information about the topic.

Consider the following points to help ensure your conclusion is appropriate:

If the argument or purpose of your paper is complex, you may need to summarize these points for your reader.
If prior to your conclusion, you have not yet explained the significance of your findings or if you are proceeding inductively, use the conclusion of your paper to describe your main points and explain their significance.
Move from a detailed to a general level of consideration of the case study's findings that returns the topic to the context provided by the introduction or within a new context that emerges from your case study findings.

Note that, depending on the discipline you are writing in or the preferences of your professor, the concluding paragraph may contain your final reflections on the evidence presented as it applies to practice or on the essay's central research problem. However, the nature of being introspective about the subject of analysis you have investigated will depend on whether you are explicitly asked to express your observations in this way.

Problems to Avoid

Overgeneralization One of the goals of a case study is to lay a foundation for understanding broader trends and issues applied to similar circumstances. However, be careful when drawing conclusions from your case study. They must be evidence-based and grounded in the results of the study; otherwise, it is merely speculation. Looking at a prior example, it would be incorrect to state that a factor in improving girls access to education in Azerbaijan and the policy implications this may have for improving access in other Muslim nations is due to girls access to social media if there is no documentary evidence from your case study to indicate this. There may be anecdotal evidence that retention rates were better for girls who were engaged with social media, but this observation would only point to the need for further research and would not be a definitive finding if this was not a part of your original research agenda.

Failure to Document Limitations No case is going to reveal all that needs to be understood about a research problem. Therefore, just as you have to clearly state the limitations of a general research study , you must describe the specific limitations inherent in the subject of analysis. For example, the case of studying how women conceptualize the need for water conservation in a village in Uganda could have limited application in other cultural contexts or in areas where fresh water from rivers or lakes is plentiful and, therefore, conservation is understood more in terms of managing access rather than preserving access to a scarce resource.

Failure to Extrapolate All Possible Implications Just as you don't want to over-generalize from your case study findings, you also have to be thorough in the consideration of all possible outcomes or recommendations derived from your findings. If you do not, your reader may question the validity of your analysis, particularly if you failed to document an obvious outcome from your case study research. For example, in the case of studying the accident at the railroad crossing to evaluate where and what types of warning signals should be located, you failed to take into consideration speed limit signage as well as warning signals. When designing your case study, be sure you have thoroughly addressed all aspects of the problem and do not leave gaps in your analysis that leave the reader questioning the results.

Case Studies. Writing@CSU. Colorado State University; Gerring, John. Case Study Research: Principles and Practices . New York: Cambridge University Press, 2007; Merriam, Sharan B. Qualitative Research and Case Study Applications in Education . Rev. ed. San Francisco, CA: Jossey-Bass, 1998; Miller, Lisa L. “The Use of Case Studies in Law and Social Science Research.” Annual Review of Law and Social Science 14 (2018): TBD; Mills, Albert J., Gabrielle Durepos, and Eiden Wiebe, editors. Encyclopedia of Case Study Research . Thousand Oaks, CA: SAGE Publications, 2010; Putney, LeAnn Grogan. "Case Study." In Encyclopedia of Research Design , Neil J. Salkind, editor. (Thousand Oaks, CA: SAGE Publications, 2010), pp. 116-120; Simons, Helen. Case Study Research in Practice . London: SAGE Publications, 2009; Kratochwill, Thomas R. and Joel R. Levin, editors. Single-Case Research Design and Analysis: New Development for Psychology and Education . Hilldsale, NJ: Lawrence Erlbaum Associates, 1992; Swanborn, Peter G. Case Study Research: What, Why and How? London : SAGE, 2010; Yin, Robert K. Case Study Research: Design and Methods . 6th edition. Los Angeles, CA, SAGE Publications, 2014; Walo, Maree, Adrian Bull, and Helen Breen. “Achieving Economic Benefits at Local Events: A Case Study of a Local Sports Event.” Festival Management and Event Tourism 4 (1996): 95-106.

Writing Tip

At Least Five Misconceptions about Case Study Research

Social science case studies are often perceived as limited in their ability to create new knowledge because they are not randomly selected and findings cannot be generalized to larger populations. Flyvbjerg examines five misunderstandings about case study research and systematically "corrects" each one. To quote, these are:

Misunderstanding 1 : General, theoretical [context-independent] knowledge is more valuable than concrete, practical [context-dependent] knowledge. Misunderstanding 2 : One cannot generalize on the basis of an individual case; therefore, the case study cannot contribute to scientific development. Misunderstanding 3 : The case study is most useful for generating hypotheses; that is, in the first stage of a total research process, whereas other methods are more suitable for hypotheses testing and theory building. Misunderstanding 4 : The case study contains a bias toward verification, that is, a tendency to confirm the researcher’s preconceived notions. Misunderstanding 5 : It is often difficult to summarize and develop general propositions and theories on the basis of specific case studies [p. 221].

While writing your paper, think introspectively about how you addressed these misconceptions because to do so can help you strengthen the validity and reliability of your research by clarifying issues of case selection, the testing and challenging of existing assumptions, the interpretation of key findings, and the summation of case outcomes. Think of a case study research paper as a complete, in-depth narrative about the specific properties and key characteristics of your subject of analysis applied to the research problem.

Flyvbjerg, Bent. “Five Misunderstandings About Case-Study Research.” Qualitative Inquiry 12 (April 2006): 219-245.

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Grade 12 Accounting Project Tasks Case Study for Term 1, 2, 3 and 4 SBA: Memorandum

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Grade 12 Accounting Project Tasks and Case Studies for Term 1, 2, and 3 (Task A, B, C and D) SBA: Memorandum: The final Grade 12 mark is calculated from the National Senior Certificate (NSC) examination that learners will write (out of 300 marks) plus school-based assessment (out of 100 marks). The curriculum stipulates the following seven formal tasks that comprise school–based assessment in Accounting:

Accounting Grade 12 Task 1 SBA Written Report 2024 Guide

This is for Accounting Grade 12 subject. The Grade 12 Accounting Project Tasks for Term 1, 2, 3 and 4 SBA: Memorandum study content will help you with your Accounting Subject Revisions, Tests, Exams, and Assignments.

Accounting Grade 12 focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. As a Grade 12 Accounting student, you will be dealing with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties. My Courses

Purposes of Accounting Grade 12 Project Tasks

The school-based assessment provides a more balanced and trustworthy assessment system, increasing the range and diversity of assessment tasks.
The exemplar tasks are aimed at reflecting the depth of the curriculum content appropriate for Grade 12.
They reflect the desired cognitive demands as per Bloom’s revised taxonomy: remembering, understanding, applying, analysing, evaluating, and creating.
School-based assessment improves the validity of assessment by including aspects that cannot be assessed in formal examination settings.
It improves the reliability of assessment because judgments will be based on many observations of the learner over an extended period of time.
There is a beneficial effect on teaching and learning, not only in relation to the critical analysis and evaluation of Accounting information and creative problem-solving but also on teaching and assessment practices.

Accounting Grade 12 School-based Assessments

Accounting Grade 12 Tasks for Term 1

Task a: students are required to report on companies for 20 marks.

Part A: Report on a public company listed on the JSE .
Part B: Internal auditor’s report on procedures and internal controls in a public company

Task B: First Term Test: Financial statements of a company

This task includes shares of no par value and repurchase of shares. This task is suitable for Grade 12 learners from 2014 ( CAPS ).

Task C: Second Term Project:

Published financial statements of Famous Brands Ltd This task is suitable for Grade 12 learners from 2014 (CAPS).

Task D Third Term Case Study: Cash budget and debtors

This task is suitable for Grade 12 learners from 2014 (CAPS)

Best Accounting Courses to study after Matric

Hello learners, do you know that there are plenty of accounting Courses that you can study after matric in South Africa? We have compiled a list of the best accounting courses for you to explore and apply.

Useful Accounting Resources

Accounting Grade 12 Notes

Generally Accepted Accounting Principles: GAAP Grade 12 Grade 12 Accounting Company Ledger accounts Revision Notes Analysis and interpretation of financial statements Grade 12 Accounting Grade 12 Inventory Valuation And Internal Control Questions and Answers Grade 12 Accounting Inventory Systems Notes pdf Grade 12 Accounting: Inventory Valuation and Internal Control Questions and Answers Accounting grade 12 manufacturing Resivion Test with memorandum

Accounting Grade 12 Tests

Grade 12 Accounting Test on Cash Flow and Interpretation Grade 12 Accounting Test on Fixed Assets, Cash Flow Statement and Interpretation Grade 12 Accounting Test on Cash Flow Statement and Interpretation Accounting Grade 12 Balance Sheet and Notes Test (Questions and Answers) Accounting Grade 12 Class Test on Income Statement, Notes, Ratio Analysis and Audit

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IMAGES

Case Study Assignment
ACCT504 Case Study 1 the Complete Accounting Cycle-13
ACC1102 Financial Accounting
Case Study 2 Principles of Accounting.docx
SOLUTION: Accounting case study prompt and rubric
Accounting Case Study Assignment » Accounting Assignment Help Online

VIDEO

Mr. Accounting
CA INTER ADVANCED ACCOUNTING- CASE STUDY BASED MCQ's for MAY 24 attempt
23 April 2024
Financial Accounting| Case Study 2017| Single Entry System
Accounting Case Studies
How to Write a Case Study Assignment @StatAnalyticaLearnStatistics

COMMENTS

Acct 621
Case Study Individual Assignment. University Canada West. ACCT 621: Accounting for Managers. March 3, 2023. Executive Summary. This business report intends to aid Sunny in making a professional career decision. This case study is an analysis based on the career crossroads of Sunny, who is a fresh graduate with a marketing concentration.
A Compilation of Accounting Case Studies
The following thesis is a compilation of case studies in various areas of financial accounting that I completed over the course of two semesters under the advisory of Dr. Victoria Dickinson. During the class we reviewed different case studies that focused on various accounting concepts and principles that we were learning about in Intermediate
Financial Statements Examples
Financial Statements Examples - Amazon Case Study. An in-depth look at Amazon's financial statements. Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets.
PDF Management Accounting Case Study: An Interactive HUMBLE PIES CGMA
Variable costs in 2013 were $299K unfavorable and fixed operating costs $19K unfavorable. Assuming that the average price/meal increases 12% with Linda's Pies, operating profit for Pete's will increase to $1,172K, resulting in an ROI of 11.7%, residual income of $372K, and a payback of 8.5 years. 2. Knoxville factory.
A Collection of Case Studies on Financial Accounting Concepts
This thesis is compiled of twelve case studies, each on a unique accounting concept. Each case study was analyzed in a group of two to four students, and each student completed a write-up answering the case questions and examining the proper accounting treatment for each issue in the case. Case topics included financial statement
Management Accounting
Case Studies. Here you can download a number of additional case studies to help you in your studies of Management Accounting. These are available in either Microsoft Word or Adobe PDF formats. Lecturers: Solutions and Teaching Notes to accompany these additional case studies are available from the Lecturer Centre of this OLC.
Accounting 202
About this Assignment. This Accounting 202 course focuses on financial transactions for different business activities. Preparing financial information to help make business decisions is a key ...
Free business case studies to bring real-life examples into the
Developed by academics and industry leaders, our case studies provide high-quality content in the areas of strategy management, financial management and reporting, and performance management and measurement. Use them to complement your lessons and keep students engaged. Give your students valuable insights from real-life companies that they can ...
Audit and assurance case study questions
How to approach Advanced Audit and Assurance. The first article in this series of two on Paper P7 case study questions discussed question style, what to look for in the requirements, how higher-level skills are tested, and the meaning of professional marks within a question requirement. This second article goes through part of a typical Section ...
Case Studies
These are not already built into the assignment tool of your learning management system (Canvas, Blackboard, etc.), but they can be downloaded for use or previewed below: Module 1: Case Study: Harley-Davidson, Inc. Module 2: Case Study: Harley Davidson. Module 3: Case Study: Burton Snowboards. Module 4: Case Study: Janus Motorcycles.
Case Studies
These are not already built into the assignment tool of your learning management system (Canvas, Blackboard, etc.), but they can be downloaded for use or previewed, below: Module 2: Case Study: Revenue Recognition and Materiality. Module 4: Case Study: Googling Google. Module 5: Case Study: The Great Texas Fruitcake Caper. Module 6: Case Study ...
Accounting 301
Accounting 301 - Assignment 1: Business Case. The first assignment for Applied Managerial Accounting is a business case study. Review the project instructions, case study information, grading ...
PDF Management Accounting Case Study: An Interactive CGMA Business Game
22 Humble Pies -Company and Product Info Small business loan -60,000 sq. ft. facility Revs - $6.1M } Projected $9.3M -new major customer Employees and Plant 8 salaried employees, 50 hourly@ $8.50 - $12.50 per hour; 3- 4 warehouse workers -2 shifts/day; 2 supervisors/shift Plant capacity - currently $1M/month; with $500k investments
Case Study Analysis in Cost Accounting: Tips for Students
In conclusion, mastering cost accounting assignments requires a combination of theoretical knowledge and practical application. Case study analysis serves as a bridge between classroom learning and real-world challenges, allowing students to develop the skills needed for success in the field of accounting. By following the tips outlined in this ...
Mastering Managerial Accounting Case Studies and Assignments
1. Understand the Basics: Managerial accounting, often referred to as cost, corporate, or management accounting, serves as the backbone of informed decision-making within organizations. Before diving into the intricacies of case studies and assignments, it is imperative to establish a firm understanding of the foundational concepts in ...
Accounting Case Study Assignment Samples
ACCT6005 Company Accounting Assessment 3 Case Study. Part A: This case study assignment help is designed to assess your understanding and application of knowledge using a practical case study to analyse and prepare relevant worksheet entries and financial statements for a Group.
IMA Case Journal
Recipients of IMA Educational Case Journal receive the right to free use of the cases for educational purposes. Supplemental teaching notes are available without charge to IMA Academic members only in myIMA Network in the Teaching Notes Library (you will be prompted to login). If you are a member of IMA and unable to access IECJ Teaching Notes ...
Management Accounting Case Study Assignment Essay Example
Download. Case study, Pages 6 (1459 words) Views. 545. The following academic paper highlights the up-to-date issues and questions of Management Accounting Case Study Assignment. This sample provides just some ideas on how this topic can be analyzed and discussed. Management Accounting Case Assignment BY Allele Case 8-28.
Financial Accounting and Reporting Classroom Materials
This case provides an opportunity for students to apply accounting concepts to a simple business venture. The project lasts 4-6 weeks and covers three distinct phases of the management process: business decision making, performance and evaluation. Let's Go to the Movies: Using Movies as an Ethics Assignment
Accounting Case Study Question & Answers
Financial Accounting Assignment; Distribution Strategy Assignment; Financial Statement Analysis; Organizational Culture Assignment; Managerial Accounting Assignment; ... Case Study Scenario 01 ...
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Our Professional Writers Covers Major Topics Under Accounting Case Study Help. When you ask us for help in writing accounting case study, we ensure to provide the right assistance with the papers. You can expect the following type of accounting case study assignment from our experts: Book Keeping. Variance Accounting.
Writing a Case Study
A case study is a research method that involves an in-depth analysis of a real-life phenomenon or situation. Learn how to write a case study for your social sciences research assignments with this helpful guide from USC Library. Find out how to define the case, select the data sources, analyze the evidence, and report the results.
Grade 12 Accounting Project Tasks Case Study for Term 1, 2, 3 and 4 SBA
Accounting Grade 12 Tasks for Term 1. Task A: Students are required to Report on Companies for 20 marks. Task B: First Term Test: Financial statements of a company. Task C: Second Term Project: Task D Third Term Case Study: Cash budget and debtors. Best Accounting Courses to study after Matric. Accounting Grade 12 Notes.