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  • Financial Accounting
  • Cost Accounting
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Transfer Pricing

Transfer pricing illustrated

February 15, 2019February 15, 2019 by Abbas Ahmad

Suppose, A company has two divisions: Division A and Division B. Division A sells to Division B and to other outside customers. Division B buys from only Division A. The following unit costs wrere incurred by Division A for the coming year: Direct Materials = $10 Direct labor = $6 Variable manufacturing overhead = $3 Variable …

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Transfer pricing practice and policies

February 14, 2019 by Abbas Ahmad

Transfer price is an important factor in evaluating divisional performance measurement mainly because of the desire of the selling and buying divisions of the same company to maximize their individual performance. A great deal of intra firm buying and selling occurs in decentralized firms which necessitates the setting of transfer prices. For example, a textile …

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What is transfer pricing?

February 14, 2019 by Abbas Ahmad

In an organization where there are a number of divisions or departments, the question of pricing of products from one division to another becomes important. For example, the price that one division should charge or be allowed to charge another for goods and services provided. Definition A Transfer-price is the internal price at which goods …

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Financial Accounting Topics

  • Final Accounts of Sole Proprietorship – Practical Problems and Solutions
  • Classification of assets and liabilities
  • Computerized Accounting
  • Adjusting Entry for Accrued Income
  • Accounting Conventions
  • Creative Accounting
  • Window Dressing
  • Enterprise Value
  • Carrying Value or Book Value
  • Indifference Analysis

Cost Accounting Topics

  • Goods in transit
  • Periodic Inventory System
  • Factory Overhead Practical Problems and Solutions
  • Important Techniques of Factory Overhead Costing
  • Important techniques of labour costing
  • Labour Costing Practical questions with answers
  • Job Order Costing Examples, Practical Problems and Solutions
  • Predetermined Overhead Rate
  • Cost of production report (CPR) questions and answers
  • Incentive Plans

Question and Answers

  • Financial Reporting
  • Inventory Control System
  • Statement of changes in working capital
  • How to measure the acquisition cost of property, plant and equipment?
  • Comparison Between Different Cost Flow Assumptions
  • Application of different Cost Flow Assumptions
  • How to Determine the Cost of Ending Inventory
  • Methods of Estimating Ending Inventory
  • Lower of Cost or Market (LCM) Theory
  • Perpetual Inventory System

Cost Accounting MCQs

  • Introduction to cost accounting – MCQs quiz
  • Process Costing MCQs
  • Specific Order Costing MCQs
  • Overhead Costing MCQs
  • Labour Costing MCQs
  • Material Costing MCQs
  • Cost Concept, Analysis and Classifications MCQs
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