16oz Bottle Expansion The possibility of expanding production to include a 16oz bottles in BBI’s current 32oz bottle production is great news. However, it is a decision that requires significant analysis as it will impact BBI well into the future. This memo will provide a detailed review of the decision process along with a discussion of several scenarios to help with making the decision to enter the 16oz bottling market. As a supplement to the memo, attached is an excel spreadsheet that…
generating profits and increasing equity. Revenue recognition is an accounting principle under generally accepted accounting principles (GAAP) that determines the specific conditions under which revenue is recognized or accounted for. Generally, revenue is recognized only when a specific critical event has occurred and the amount of revenue is measurable. The FASB has accepted that current Generally Accepted Accounting Principles (GAAP) involve complex and disparate revenue recognition…
In this paper I will be comparing and contrasting the key differences and similarities of the two the International Reporting Standards (IFRS) and Generally Accepted Accounting Principles also known as GAAP. According to AICPA International Reporting Standards can be defined as “a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.” International Financial…
Using the figures in the table above, the following regression equation was obtained. Y = 0.668 + (-0.016) X1 + (0.185) X2 + (0.224) X3 + (0.118) X4 + (0.270) X5 Interpretation 1. A constant value of 0.668 indicates that if there is no independent variable (Reliability, Responsiveness, Assurance, Empathy, and Tangible), the dependent variable (customer satisfaction) is positive. 2. X1 regression coefficient = -0.016 means that if the service of dimensions X1 has decreased; the level of customer…
Commercial management is the non-technical business disciplines within an organization, specifically the administration of revenue and expenses to generate a financial return.” It is the management of contractual and commercial matters connecting to the projects, from project beginning to completion (Lowe & Leiringer 2005, 2006). Commercial Management of Projects was very crucial module as a project manager point of view. It is important for a project manager to understand about the commercial…
matter of accounting principles and procedure was based on the grounds that AIPCA had the power to establish practices that would be accepted by the accounting governing bodies and governments. The CAP focused on resolving certain accounting problems rather than going for the solution to specific issues in the accounting field or the development of generally accepted accounting principles.…
Accounting is an extensive recording of financial transactions relating to business. It is important to any business because it is the primary function that help measures a company's profit. Financial statements are prepared using the generally accepted accounting principles (GAAP). It is a detailed breakdown of a company's operations, financial state, and cash flows. In order to accomplish the mission of Durango Manufacturing Company being successful, you should refer to financial management…
According to P&G 2013 Annual Report (n.d.), the financial statements are in accordance with the U.S. Generally Accepted Accounting Principles (GAAP), which requires consistent use of accounting principles. An example found on page thirty-nine states that corporate also includes reconciling items to adjust the accounting policies to be in accordance with the U.S. GAAP…
In 1999, Richard Scrushy overstated HealthSouth’s earnings by at least $1.4 billion in order exceed the expectations of Wall Street earnings. During this time investors and lenders were more concerned with revenue than profits. Generally Accepted Accounting Principles (GAAP), stated if policies and procedures were not violated then they are considered legal, and ethically adequate. This allowed HealthSouth to meet expectations of analyst for 40 consecutive quarters, by using creative and…
A few years ago, GM accepted a bailout and a restructuring plan from the federal government (Kinicki & Williams, 2013). Their plan consist of a goal to reach annual profits of over $10 billion, 10% profit margin increase, becoming debt-free, cutting costs and incentives, and corporate tax exemption for several years (Kinicki & Williams, 2013). At the end of 2011, GM was expected to reach a profit of almost $8 billion (Kinicki & Williams, 2013). This was made possible after a sharp reduction of…