Analys och bedömning av företag och förvaltning. Omtentamen. Ladokkod: SAN023. Tentamen ges för: Namn: (Ifylles av student.

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1 Analys och bedömning av företag och förvaltning Omtentamen Ladokkod: SAN023 Tentamen ges för: Namn: (Ifylles av student Personnummer: (Ifylles av student) Tentamensdatum: Tid: Hjälpmedel: Lexikon och enkel miniräknare Totalt antal poäng på tentamen: 35 För att få VG krävs minst 40 poäng av totala 50 poäng (som består av grupparbete 15 poäng och tentan 35 poäng). Det krävs också minst 28 (av 35) poäng på tentan. För att få G krävs minst 17:5 poäng på tentamen samt 7:5 poäng på fallstudie.

2 Ansvarig lärare: Hossein Pashang (tel: ) Nästkommande tentamenstillfälle: i början av höst termin Rättningstiden är i normalfall tre veckor, annars är det detta datum som gäller: Viktigt! Glöm inte att skriva namn på alla blad du lämnar in. Lycka till!

3 Example 1: define the following accounting ideas and concepts (5 grades) 1: According to the article Cost Accounting, Ethical Accountability and Accounting Principles an interest for the inclusions of the two key accounting items resulted in disagreement about the costs of manufacturing overheads. Name these two accounting items. 2: Why in the entity theory of accounting the income of business participants is called value-added (specified the report income and revenue recognition )? 3: Functional fixation (specified in the article Accounting of Accounts Receivable ) 4: What are the differences between the collective and individual treatments of the receivables (specified in the article Accounting of Accounts Receivable ) 5: Why accounts receivables should be classified as intangible (specified in the article Accounting of Account Receivable )

4 Question 1: (10 points) A company produces water pumps and filters and uses a job cost order accounting system. Cost data (in MSEK) for 2006 are given below: Raw materials, January 1, Raw materials, December 31, WIP, January1, WIP, December, Finished goods inventory, Jan. 1, Finished goods inventory, Dec. 31, Raw material purchases 731 Direct labour Manufacturing overhead 814 Net sales Use a T-account to answer the following questions: 1: Calculate cost of goods manufactured 2: Calculate cost of goods sold 3: Calculate gross profit on sale

5 Example 2 (10 poäng) A company (Borås AB) has a claim of 100 MSEK over a customer which is also a company named Kalmar AB. Kalmar AB has financial difficulties. It is estimated that the financial difficulties reduce the claim by 40% in year At the end of 2004, this amount is increased to become 70% of the claim. During 2005, Kalmar AB is liquidated and receivers settle the claim in full with a payment of 10 MSEK. a) Illustrate the events by T accounts. (6 poäng) b) Discuss about the effect of tax and VAT (Value-added tax or moms in the Swedish language) during these tree accounting periods (4 poäng)

6 Example 2 (6 grades) In January 2009 a Swedish publishing firm plans to sell a three year magazine to 1000 subscribers in Borås. The magazine supposed to be published quarterly. The subscription plan requires prepayment by the subscribers (customers). The full subscription price is 1200 (12 x 100 per issue) kr. At the beginning of 2009 the publishing firm receive 1200 x 1000 = kr. To help financing the publishing firm takes three-year loan from a bank on January 1, The interest rate is 10%. According to a contract the interest rate and loan should be paid after three years (31 December year 2011). The cost of publishing and distributing the magazine amounts to kr. per year. The cost of publishing is paid during the time of publication. a) Calculate the income on the cash-basis (3 grades) b) Calculate the income on the accrual basis (3 grades)

7 Example: 4 (4 grades) For a manufacturing company, identify the following costs: 1: as either an inventorial (manufacturing) cost or a period cost (4 P). 2: Illustrate these costs by T- accounts. Note: the T-accounts should have the correct names (4p) a) Depreciation on plant equipments b) Depreciation of office computers c) Depreciation on salespersons automobiles d) Insurance on plant building e) Marketing managers salary f) Raw materials g) Plant repairs and maintenance h) Electricity bill for home office i) Production employee wages