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这是悉尼大学管理会计课程的代写成功案例。
BACCT2019课程简介
This unit of study introduces students to the core knowledge requirements of management/cost accounting useful for managerial decision making. Students develop the basic skills to use an industry-standard accounting system and management accounting information efficiently and effectively. Students learn to apply relevant numerical and analytical skills as a basis for understanding developments in management accounting and the current theoretical knowledge that is the context for these skills. Areas specifically covered include cost terms and purposes, cost behaviour, cost-volume-profit analysis, cost estimation, alternative product costing methods, detailed study of budgeting process mechanics (master budgets, flexible budgets, standard costing and variance analysis, capital budgeting), decision making using relevant costs/revenues, and cost allocation. Key topics include the value chain framework, management controls, Balanced Scorecards, strategy maps, responsibility accounting, transfer pricing and organisational structures. Students are exposed to contemporary developments in management accounting and learn to use costing information for planning and control to evaluate the performance of an organisation.
Prerequisites
At the completion of this unit, you should be able to:
LO1. manage, analyse, evaluate, and use management accounting information efficiently and effectively
LO2. think critically and apply management accounting theories and concepts to business problems and practice
LO3. communicate confidently and coherently to a professional standard expected of management accountants, and plan and achieve goals, and meet challenges and deadlines, working individually or in a group setting
LO4. apply ethical decision-making criteria and sustainability considerations as part of management accounting expertise, in a broad business context
LO5. employ technologies effectively in communicating information relevant to management accounting practice, and demonstrate ability to work with an industry-standard management accounting system.
ACCT2019 Management Accounting HELP（EXAM HELP， ONLINE TUTOR）
On July 1, 2003, TIM, Inc. started as a business entity. A summary of transactions through Dec. 31, 2003 is presented below.
- Stockholders invested $\$ 50,000$ in cash in the business.
- New computer equipment is purchased for $\$ 6,000$ in cash. Equipment will be used for 3 years.
- Office rent for half a year is paid in advance, $\$ 8,000$.
- Dividends of $\$ 500$ paid to existing shareholders.
- Paid $\$ 10,000$ to employees for services provided.
- Paid utility bills, $\$ 2000$.
- Provided (and completed) design services on account to customers, $\$ 30,000$.
- Collected cash of $\$ 2,000$ for services billed in 7).
Prepare the balance sheet as of December 31, 2003. From what part of the BSE table did you get the information to prepare the balance sheet?
b) The Balance Sheet information as of transaction 8 ) can be obtained from the row denoted $\mathrm{EB}$ in the table above. The Balance Sheet information as of transaction 10) can be obtained from the row denoted EB’.
My answers below will be based on including events 9) and 10). You will get full credit if your answers are based on transactions up to 8) only.
Balance Sheet of TIM, Inc
As of December 31, 2000
$\begin{array}{lclr}\text { Assets: } & & \text { Liabilities } \ \text { Cash } & 25,500 & & \ \text { A/R } & 28,000 & \text { Equity } \ & & \text { Contributed Capital } & 50,000 \ \text { PPE } & \frac{5,000}{58,500} & \text { Retained Earnings } & \frac{8,500}{58,500} \ \text { Total Assets } & \text { Total Liabilities and Equity } & \end{array}$
Since the balance sheet is a snapshot, it is important to label it as such: “as of December 31,2000 “
Prepare the income statement for the period from July 1, 2003 through December 31, 2003. From what part of the BSE table did you get the information to prepare the income statement?
Looking at the cash column, cash inflow is 52,000 , and cash outflow is 26,500 . However, we exclude the 50,000 inflow because it is a financing (raising capital) transaction, not directly related to operations. We also exclude 500 of dividends from cash outflows because dividend payments are also financing. You will learn later on that long-term investments like PPE do not properly belong to operations, but “investing”. For now, let’s ignore this detail.
How much cash flowed in and out of TIM, Inc. in the period from July 1, 2003 through December 31 , 2003? How much of this cash inflow or outflow do you consider relevant to TIM. Inc’s operations?
Profits equal 9,000, even though net cash flow (operations and investments) is 2,000-26,000=-24,000. TIM is still profitable despite a negative cash flow. TIM has Accounts Receivables of 28,000 , and a computer worth 5,000 , both of which have the capacity to generate cash in the future.
Compare the net cash flow that is considered relevant to operations (from d) above) and TIM, Inc’s profits in the same period. What transactions and events account for the difference?
Permanent accounts are cash, accounts receivables, PPE, contributed capital and retained earnings. Note that even though prepaid rent got zeroed out, it is still considered a permanent account. Permanent accounts tend to maintain non-zero balances over fiscal periods. They are reported in the Balance Sheet.
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