Explain the function and key features of a chart of accounts
Problem 1: Explain the function and key features of a Chart of Accounts. How is it helpful when recording transactions in an accounting system?
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What restaurant would consider a direct, an indirect, a period, and overhead costs. Use examples based on your favorite menu item, server
A company enters into a long futures contract to buy 50,000 units of a commodity. What is the futures price per unit above which there will be a margin call?
he audit firm of Ross, Young & Partners, Discuss Mr. Ross's acceptance of the dual roles of company secretary and auditor
Prepare the complete current tax worksheet for the year ended 30 June 2021 and the journal entries to record current tax (and/or deferred tax).
Explain the function and key features of a Chart of Accounts. How is it helpful when recording transactions in an accounting system?
What practices would you need to establish to insure the information is stored securely in your computerised accounting system? (backups vs cloud storage etc)
Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.
Changes in Accounting Estimates and Errors may also be relevant to your analysis. How has the impairment affected the companies debt/asset ratio?
The risk free return prevailing in the market is 5% per annum. Using the CAPM, what is the market risk premium? Give your answer as a percentage per annum
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