Category: Accounting

Following the group project demonstration document that i provided, please make multiple line graphs with excel comparing the expenditure on Research and Development for Philips against its competitors, which are Siemen healthineers, Canon medical systems and medtronic. Please make sure all the dollar amounts are in euros.  I have provided the relevant data for the compies in the screenshots. The data has to be from 2019-2023

Here is the information related to the research project you are to conduct. 
There is a project that GASB has started to undertake in reexamining GASB Statement #56.  
In the text, GASB has posed some major research issues related to Going Concern.   In light of the current economic climate – this issue may become more of an issue than it did in the past! 
Based on the research you have conducted, present your research in a 3 to 5-page paper.  Supported by research, what changes would you advocate GASB make to GASB Statement 56Links to an external site.?  
There is a rubric assigned to this paper that you can use as a guide.  I ask that you properly cite your work, although this assignment will not be strict on a particular format (APA, Chicago, MLA, etc) – just make it so a reasonable person would be able to understand what ideas are pulled out of research you uncovered. 

Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Cost Accounting
Student’s Name: Sarab almalki
Course Code: ACCT 301
Student’s ID Number: Semester: Second
CRN: 25467
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name: Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted. Assignment Question(s):(Marks 15)
Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer.(2 Marks) (Chapter 7, Week 7)
Answer:
Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 dept. variable costs will be allocated based on the number of service requests, and fixed costs will be allocated based on the number of computers.The following information is provided: (4 Marks) (Chapter 8, Week 10) Support Departments
Operating Departments
SD1
SD2
OD1
OD2
Total Department variable costs
18,000
19,000
51,000
35,000
Total department fixed costs
20,000
24,000
56,000
30,000
Number of transactions
30
40
200
100
Number of employees
14
18
35
30
Number of service requests
28
18
35
25
Number of computers
15
20
24
28
You are required to allocate variable and fixed costs using direct method.
Answer:
Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:
Q4.VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit
T1
45,000
SAR 15
T2
26,000
SAR 14
T3
18,000
SAR 10
You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units. Answer:

Research Design and Methodology:
1. Research Approach:
Qualitative Research Approach: This study will utilize a qualitative research approach to analyze different management accounting tools for cost analysis in Qatar’s hospitals.
2. Research Type:
Descriptive Research: The research will describe and analyze the utilization of management accounting tools in Qatar’s hospitals for cost analysis.
3. Data Collection Methods:
Literature Review: A symmetrical literature review will be conducted to explore existing knowledge on management accounting tools such as activity-based costing, balanced scorecard, and target costing in the context of cost management in hospitals.
4. Data Analysis:
Content Analysis: The collected data from the literature review will be analyzed using content analysis. This analysis will focus on identifying the benefits of integrating management accounting tools, application barriers, and current cost management practices in Qatar’s hospitals.
5. Research Process:
Step 1: Literature Review:
Conduct a comprehensive literature review on management accounting tools and their application in cost management within hospital settings.
Step 2: Data Collection:
Gather relevant data from academic journals, books, reports, and other credible sources.
Step 3: Data Analysis:
Analyze the collected data using content analysis techniques to identify themes related to the utilization of management accounting tools for cost analysis in hospitals.
Step 4: Findings and Recommendations:
Summarize the findings and provide recommendations for effective cost management strategies in hospitals.
You can increase the number of words if you wish

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.

You are preparing a personal financial plan based on one of the three fact patterns provided.  You will prepare a balance sheet, a cash flow statement, and work through three financial issues.
Plan:  Young married couple with new baby
Take the information as given.  Do not change any data.  You may, however, add any additional information to enhance the fact pattern if you believe it is relevant for the financial plan.
– Husband works as a mid-level manager at a salary of $54,000
– Wife worked in banking at a salary of $40,000 and is currently on maternity leave to care for the couple’s new baby
– Couple owns small investment account valued at approximately $60,000
– Husband has 401(k) plan at job and has accumulated 67,000
– Wife has 401(k) plan as well and has accumulated $44,000
– Couple has $3,200 in checking account
– Couple has $23,000 in savings account
– Wife has $18,000 in savings that she inherited from her father when he died
– Husband has four year old Honda Civic in fairly good condition
– Wife has six year old Toyota Corolla
– Couple is considering selling Toyota to purchase or lease a van
– Couple is about to close on a new home.  They are paying $20,000 at the sale and are looking at a $180,000 mortgage for 30 years at 5% interest. So, current value of home is $200,000
– Wife is considering resigning from her job to stay at home with the new baby.  She has one more month of maternity leave. Couple has a slot held for them at daycare at the rate of $250 per week when wife’s maternity leave is over.
– Couple has one credit card that is paid off each month, the couple uses it for shopping and other expenses throughout the month.
TO DO:
1.  Prepare a personal balance sheet 
Remember that you may add to the information to enhance the fact pattern.  
You may want to consider adding assets and/or debt that were not mentioned.
All items on the balance sheet must be explained.
2.  Prepare a cash flow statement 
Remember that you may add information to enhance the fact pattern.  
You may want to consider adding income or expense items.
All items on the income statement must be explained.
3.  Employment:  Compare current job with resigning
Prepare a worksheet to show comparison 
Recommend action to take – keep current job or stay-at-home – why/EXPLAIN your choice:  Show the numbers to support your choice
Write about financial and nonfinancial advantages and disadvantages
Remember that you may add to the information to enhance the fact pattern.
You may determine specifics about work environment as compared to home environment
You may determine specifics about career issues as compared to family issues.
4.  Credit: Evaluate purchase or lease of new van
Prepare a chart to show costs to keep current car, cost to buy, and cost to lease. 
Recommend action to take – keep, buy, or lease – why/EXPLAIN your choice:  Show the numbers to support your choice
Calculate monthly car payments and show work
Remember that you may add to the information to enhance the fact pattern.
You may select the make and model of the new van and determine the specifics about lease and/or purchase
5.  Housing: Evaluate current mortgage arrangements
Prepare amortization schedules to compare 30yr mortgage and 20yr mortgage
Recommend action to take – determine which mortgage term they should select – why/EXPLAIN your choice:  Show the numbers to support your choice
Determine what they can afford keeping car situation in mind when determining this
Remember that you may add to the information to enhance the fact pattern.
****
Part One – Cover Page – Provide your name, your choice of young professional, divorced parent, or married couple, and you should have a brief overview of the family on this front page as well. 
Part Two – Balance Sheet – EVERY PLAN WILL INCLUDE A BALANCE SHEET (Examples of balance sheets are in the textbook)
— A Balance Sheet shows your assets, liabilities, and net worth.  Be sure to present this in the proper format.  Be sure your balance sheet balances.  Review textbook and lecture notes.  This is one page
— You will need to compute the value of some items based on information in the fact pattern.  Show all of your work and explain how you arrived at the value for every item.  You must show all of your work and provide explanations for all numbers/values.  Be sure you are only including items that should be included on a balance sheet and are not including other items such as expenses which would be included on the Cash Flow Statement.  This should be 1-2 pages.
—  A final page should be an analysis of the balance sheet.  What is net worth?  Is it positive or negative?  What should be the plan moving forward based on this?  This should be one page.
Part Three – Cash Flow Statement – EVERY PLAN WILL INCLUDE A CASH FLOW STATEMENT (Examples of cash flow statements are in the textbook) 
— A Cash Flow Statement shows your income and expenses.  Be sure to present this in the proper format.  This is 1 page
— Be sure to include missing items that would be appropriate for the family you select.  These may include groceries, car costs, entertainment, and other similar items.  Be sure to explain how you arrived at every cost.  Show all your work.  Be sure you are only including items that should be on a cash flow statement and are not including other items such as assets and liabilities which are included on the Balance Sheet.  This should be 1-2 pages
— A final page should be an analysis of the cash flow statement.  Should some expenses be reduced?  Did you compare percentages?  What should be the plan moving forward based on this statement? This should be one page.
Part Four (Three sections) – Recommendations for Three Issues with supporting documentation – There are three sections to this part of the plan:  
1). Section on employment issues;
2). Section for credit issues; and
3). Section on housing issues. 
Show comparisons.  Evaluate costs.  Study issues.   Show your work.  Be thorough.
Each of these sections should include a cover sheet that has the following sentence at the top and a paragraph or two to answer the statement: 
1.) My recommendation for the employment issue is…… (followed by several paragraphs explaining your recommendation and your reasons)
2). My recommendation for the credit issue is…… (followed by several paragraphs explaining your recommendation and your reasons)
3). My recommendation for the housing issue is…… (followed by several paragraphs explaining your recommendation and your reasons)
Then attach all work and supporting documentation that shows how you determined which choice was best and why. 

Following the group project demonstration document that i provided, please make multiple line graphs with excel comparing the expenditure on Research and Development for Philips against its competitors, which are Siemen healthineers, Canon medical systems and medtronic. Please make sure all the dollar amounts are in euros.  Can you please find the data from their annual reports

Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Insurance Accounting
Student’s Name:
Course Code: ACCT 424
Student’s ID Number:
Semester: 2nd CRN: Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Shahid Husain
Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted. Assignment Questions: (Marks 15)
Line of Insurance can further be classified as primary coverage or reinsurance assumed. Primary coverage involves policies written between an insurer and a customer directly. Reinsurance coverage involves the transfer of the insurer’s risk to a reinsurer. Explain the various types of reinsurance in detail. (5 Marks)
Define an Insurance Company as per Federal Income Taxation. State the conditions for an Insurance company to be treated as Tax Exempt. (2 Marks) What are primary methods used to assess guaranty funds assessments for property and liability insurance firms? Explain them. (3 Marks)
Pass the Journal Entries of the following transactions for Takaful Products: (5 Marks)
Contribution made by new the participants SAR 10,000, Contribution made by renewal participants SAR 5000
Commission given to the agent SAR 2000
Portfolio Investment made by Takaful Operators SAR 12,000
Management Expenses incurred For fund manager SAR 3,000
Selling of Investment Assets of worth SAR 8500 sold for SAR 9000

COURSE OUTCOMES COVERED IN MIDTERM:
Analyze and classify accounting information.
Record Journal Entries (debits and credits)
Complete the accounting cycle for a service business.
Prepare bank transactions and learn cash control best practices.
Prepare end-of-period adjusting and closing entries.
Prepare and understand an Income Statement, Statement of Owner’s Equity and the Balance Sheet
1. Record each transaction in the journal using the following chart of accounts. Explanations are required.
2. Post the transactions in the T-accounts.
3. Prepare an unadjusted trial balance as of December 31, 2025.
4. Prepare a worksheet as of December 31, 2025 **MUST DO**
5. Journalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entries to the T-accounts.
Adjustment data:
a. Accrued Salaries Expense, $800.
b. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of five years and a salvage value of $3,000.
c. Prepaid Insurance for the month has expired.
d. Office Supplies on hand, $450.
e. Unearned Revenue earned during the month, $700.
f. Accrued Service Revenue, $450.
6. Prepare an adjusted trial balance as of December 31, 2025.
7. Prepare Murphy Delivery Service’s income statement and statement of owner’s equity for the month ended December 31, 2025, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount—that is, the largest expense first, the smallest expense last.
8. Journalize the closing entries and post to the T-accounts.
9. Prepare a post-closing trial balance as of December 31, 2025.

Berkshire Toy Company
For question 1, you may use the worksheet on CANVAS.
Please note that this assignment is graded based on effort.
1.     (a) Using the information in the case, prepare a flexible budget 1 for the Berkshire Toy Company using the actual product mix (174,965 units from retail and catalog sales, 105,429 units from internet sales, and 45,162 units from wholesale).
(Note: Prepare a flexible budget based on actual units sold multiplied by the static budget prices. Use a budgeted price of $42 for internet sales.)
(b) Using the information in the case, prepare a flexible budget 2 for the Berkshire Toy Company using the budgeted product mix (Note: According to the budget, 85% of the total sales volume come from retail and catalog sales, 0% from internet sales, and 15% from wholesale (refer to the table at the bottom of page 289)).
(c) Conduct the variance analysis by calculating the differences between (1) actual and flexible budget 1, (2) flexible 1 and flexible budget 2, (3) flexible budget 2 and static budget. List the factor(s) that drives the differences identified in (1), (2), and (3).
(d) Using the information in the case, subdivide the flexible budget variance (the difference between actual and flexible budget 1) into the appropriate price (rate or spending) and efficiency (usage or quantity) variances for materials, labor, and variable overhead.
2.     Compute the bonuses earned in fiscal 1998, if any, by David Hall of the purchasing department, Rita Smith of the marketing department, and Bill Wilford of the production department.
3.     Pick one of the managers (Rita Smith, David Hall, or Bill Wilford), and discuss likely explanation(s) behind the observed variances that form the basis of a manager’s compensation. Please use the information provided in the case. (word limit: 300 words)
4.     What do you think about the current incentive compensation plan? How would you improve the incentive plan?  And why? (word limit: 300 words)