Future Value with a Single Cash Flow for A Single-Period Investment Future Value with a Single Cash Flow: Time value of money for a single cash flow is a cash inflow or outflow that investors or lenders received from or paid to once respectively for specific periods. Future value (FV) refers to the amount of money an investment or present
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Specific Tax , Public lighting tax , Value Added Tax , Prepayment of Profit Tax – alcoholic product and beer Producer in Cambodia : Example 2 If original producers in Cambodia manufactured and sold alcoholic product and beer, they are subject to the following monthly taxes: Specific Tax (SPT)- alcoholic product and wine subject to specific tax rate at 35%
Continue reading Please click the following topics to read details for Net Present Value and Other Investment Criteria as follows: Net Present Value The Payback Rule The Discounted Payback The Average Accounting Return The Internal Rate of Return The Profitability Index Capital Rationing In finance, the net present value (NPV) or net present worth (NPW) is a measurement of the profitability of
Continue reading How to Prepare Master Budget ( Budgeting) There are 10 steps to prepare master budget as follows: 1.Sale budget and schedule expected cash collections 2.Production budget 3.Direct materials budget and expected cash disbursements 4.Direct labor budget 5.Manufacturing overhead budget 6.Ending finished goods inventory budget 7.Selling and admin. budget 8.Cash budget 9.Budgeted income statement 10.Budgeted balance sheet Example fore preparing master
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PRACTICAL CHART OF ACCOUNT, FINANCIAL STATEMENT FORMAT AND ACCOUNTING POLICY For Questions: Question 1 Company purchases car (fixed asset) of 20,000 on 23 November 2016. Required: You are required to make accounting policy for depreciation time of this transaction Question 2 Company bought a photocopy machine on 1 December 2016; company is required to pay installment for $300 each month
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PRACTICAL CHART OF ACCOUNT, FINANCIAL STATEMENT FORMAT AND ACCOUNTING POLICY Leaning Objectives I. Introduction II. Chart of Account III. Financial statement Format IV. Accounting Policy ……………………………………….. I. Introduction In practice, financial statement format, chart of account for financial statements and accounting policy are different from companies to other companies, accounting standards to other accounting standards and countries to other countries.
Continue reading PRACTICAL ERROR OR FRAUD ANALYSIS FOR FINANCIAL STATEMENTS Learning Objectives: I. Comparative Figures from Prior Periods II. Unusual change in amount III. New Account Types or Transactions IV. Relevant Ratios Analysis V. Analytical Procedures ……………………………………………….. In practice, draft financial statements are submitted by subordinates to their managers, these draft financial statements may be checked the following steps to identify errors or
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