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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）
Dove Company’s balance sheet for Dec. 31, 2002 included the following information:
Accounts Receivable (net of allowance for doubtful accounts of $\$ 25,200$ )
$\$ 462,700$
The company had credit sales of $\$ 870,000$ during FY2003. Historically, the company’s credit manager has estimated that $4 \%$ of credit sales will not be collected.
During FY2003, the company wrote off customer accounts with a face value of $\$ 30,000$. At the end of the year, a newly hired analyst presented the credit manager with the following breakdown of outstanding accounts receivable and the probability of customer default:
\begin{tabular}{lrr}
Age of Accounts Receivable & $\begin{array}{r}\text { Balance } \
\text { Receivable }\end{array}$ & $\begin{array}{r}\text { Probability } \
\text { of not being } \
\text { Collected }\end{array}$ \
\hline 0 -30 days & $\$ 400,000$ & .005 \
$31-60$ days & 90,000 & .010 \
61 – 120 days & 40,000 & .100 \
More than 120 days & 20,000 & .700
\end{tabular}
If Dove Company continues to use its historical percentage-of-credit-sales approach, how much bad debt expense will it recognize for FY2003? What will it report as the ending balance for the book value of accounts receivable?
Bad debt expense would be: $.04 * \$ 870,000=\$ 34,800$.
Gross A/R is calculated using the analyst’s report: $400,000+90.000+40,000+20,000=550,000$
The ending book value of accounts receivable would be $\$ 550,000-(25,200-30,000+34,800)=\$ 520,000$.
If Dove Company applies the aging-of-accounts receivable method, using the credit analyst’s estimates in the table above, how much bad debt expense will it recognize for FY2003? What will it report as the ending balance for the book value of accounts receivable?
The aging approach first determines the desired ending balance of the allowance as
$$
(.005 * 400,000)+(.01 * 90,000)+(.1 * 40,000)+(.7 * 20,000)=\$ 20,900
$$
The Bad debt expense has to be: $25,200-30,000+x=20,900=\mathrm{x}=\$ 20,900-25,200+30,000=\$ 25,700$.
Ending BV of A/R $=\$ 550,000-20,900=\$ 529,100$
What do the differences between the numbers you computed for parts $\mathrm{a}$. and b. above suggest about the accuracy of Dove Company’s past accruals for bad debt? Has the company tended to over-estimate or under-estimate uncollectible credit sales? Briefly explain.
If the aging analysis gives a fair estimate of the outstanding accounts that won’t be collected, then it appears that Dove Company has been overestimating bad debt expense via the percent of sales method. We can infer this because the ending allowance balance in part a. above $(30,000)$ is much greater than the desired balance derived in part (b). The lower amount of bad debt expense computed in part (b) is compensating for overly aggressive estimates in the past.
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