Tuesday, January 19, 2010

All Symbian | Nokia Application S60 V2

All Symbian | Nokia Application S60 V2

These applications are for nokia s60 v2 i.e n70,n72,n90,6600 etc

1-best msg storer
2-Migital Smart Guard Pro Full v3.00.S60
3-Mobisophy PhonePilot v1.50.S60
4-Rock Your Mobile CallRecorder Pro v1.00.S60
5-SHAPE Services IMPlus v5.51.S60
6-SHAPE Services IMPlus v5.61.S60v2
7-TTPod Music Player v3.61
8-X-plore v1.22
9-CallRecorder 1.03

Download your file

Friday, December 11, 2009

Approaches to valuing inventory ...

1. Standard: According to the method of the standard approach to costing, both inventory and cost of goods sold are based on standard fixed cost assigned to items in the manager point when drafting the report .
2. First in, first out (FIFO): Under FIFO, the cost of goods sold is based on the cost of equipment purchased earlier in the period, while the cost of inventories is based on the cost of equipment purchased later year. This results in stocks being assessed on current replacement costs. During periods of inflation, using FIFO will result in lower estimates of cost of goods sold between the three approaches, and the highest net income.
3. Last in, first out (LIFO): Under LIFO, the cost of goods sold is based on the cost of equipment purchased by the end of the period, resulting in costs approaching current costs. The inventory, however, is assessed on the basis of cost of materials purchased earlier this year. During periods of inflation, the use of LIFO will result in the highest estimate of the cost of goods sold between the three approaches, and the lowest net income.
4. Weighted Average: Under the approach by the weighted average of both inventory and cost of goods sold are based on the average cost of all units currently in stock at the time of notification. When inventory turns over quickly this approach are closer to LIFO than FIFO.
5. Average: Under-average approach, both inventory and cost of goods sold are based on the average cost of all units received in stock.

Thursday, December 10, 2009

Merchandise Inventory ... accounting for inventory

Merchandise Inventory
Up until this point, we have been studying the accounting cycle for a service business. In general, the accounting procedures of a service business are the simplest to understand. A merchandising business, which is a business that buys goods and resells them at a profit, follows a similar accounting cycle, and uses similar accounting procedures. However, a merchandising business is slightly more complex, as it must account for the cost of the goods that it sells, a cost that does not exist for a service business.

A merchandising business can either operate as a wholesaler or a retailer. A wholesaler is a merchandising business that buys goods from manufacturers and sells to retailers. A retailer is a merchandising business that buys goods from manufacturers or wholesalers, and sells to consumers. In either case, a merchandising business has something that a service business does not – inventory. A merchandising business' inventory includes all the goods (merchandise) that it plans on reselling. Inventory should not be confused with supplies. While supplies include the goods that a business buys to be used within the business, inventory specifically refers to the goods that a business buys to be sold to customers.

Throughout its fiscal period, a merchandising business will have inventory that is available for sale. By the end of this fiscal period, the cost of this inventory that has not been sold will be included on the balance sheet as a current asset, and the cost of the inventory that has been sold will be included on the income statement as an expense, known as cost of goods sold.

Here is a quick example:
Roma Fine Foods, a merchandising business in Toronto, Ontario, has $100,000 of inventory available for sale during its fiscal year. If $37,000 of inventory still remains on hand at the end of the year, then the cost of goods sold for the year amounts to $63,000.
• On the balance sheet, Merchandise Inventory (a current asset) would be valued at $37,000. Merchandise inventory is an asset to the business, as it will bring value in the future.
• On the income statement, Cost of Goods Sold would be valued at $63,000. It is a deduction from sales (similar to an expense) as it is a cost incurred in order to earn the revenue for the period.

There are two systems for accounting for inventory:
  • Periodic inventory system
A method of accounting for merchandise inventory, in which the cost of inventory sold is calculated after conducting a physical count of goods remaining at the end of the period. Under this system, the cost of goods sold and the cost of goods remaining are only determined at the end of the period.
Perpetual inventory system – a method of accounting for merchandise inventory, in which the cost of inventory sold, and a record of items remaining in stock are kept up to date on a daily basis. Under this system, the cost of goods sold and the cost of goods remaining are known at any time.
We will learn how to account for inventory under the periodic system first. Later, we will discuss the
  • perpetual inventory system.
Looking back at the example above, the cost of goods sold was determined after establishing the cost of inventory that still remained on hand at the end of the period. So, just as the periodic system requires, it is important, at the end of every fiscal period, to conduct a physical count of goods on hand. Doing so will enable you to determine the value of goods that remain on hand at the end of the period (which will represent the inventory on the balance sheet), and the value of goods that have been sold (which will represent the cost of goods sold on the income statement).
The formula to determine cost of goods sold, therefore, is as follows:-
Cost of Goods Sold =
Cost of Beginning Inventory + Cost of Merchandise Purchased – Cost of Ending Inventor

Here is an explanation of the three items that make up this formula.
Cost of Beginning Inventory – last period's ending inventory figure
Cost of Merchandise Purchased – the value of the inventory purchased throughout the period and accumulated in an account called Purchases
Cost of Ending Inventory – determined by conducting a physical count of goods on hand at the end of the period

Let's see an example of the financial statements of a merchandising business. For simplicity, we will use the information for Roma Fine Foods, the above example.


Notice that the Merchandise Inventory account is listed with the current assets. The Merchandise Inventory value represents the cost of inventory that still remains on hand (ending inventory) as of August 31, 20-5, which amounts to $37,000.


Notice that the total cost of goods available for sale amounts to $100,000. This figure is made up of the inventory available at the beginning of the year, plus any purchases of inventory made throughout the year. Since the ending inventory amounts to $37,000, the cost of goods sold is calculated to be $63,000. You will also notice that the cost of goods sold is deducted from sales in order to determine the gross profit figure. Gross profit is the difference between sales and the cost of goods sold. It is the profit from sales before operating expenses are deducted. Therefore, gross profit less operating expenses gives us net income.

Activity 1
1. Calculate the missing figures in the following chart and record your answers .


Activity 2
2. Shown below is a list of some accounts and their balances, as well as an ending inventory figure, for Richard's Clothiers, a merchandising business in Sudbury, Ontario. Complete an income statement for the business, for the year ended November 30, 20-8, using the template provided in the attached Excel file (Activity 2 worksheet). Be sure to format appropriately and use formulas where applicable.


Activity-Based Costing Systems (ABC)

Activity-Based Costing Systems
ABC = Activity-Based Costing
ABM = Activity-Based Management

Primary underlying concept of ABC is that activities cause costs to be incurred.

Therefore, the primary focus of ABM is to manage (control) costs by managing activities.

Please note that in its simplest form, ABC is an acceptable method for assigning/allocating manufacturing costs to products for purposes of valuing inventory under absorption costing. ABM often applies ABC techniques beyond manufacturing costs. In such cases the resulting information can and is used for decision-making purposes, but it CAN NOT be used for inventory valuation in accordance with GAAP.

ABC versus Traditional Costing
"Activity causes costs to be incurred."
Traditional costing uses broad cost drivers that do not reflect cause and effect.
1 hour of activity A has different costs than 1 hour of activity B

Accordingly, under traditional costing, cost targets (products, jobs, customers) involving complex (costly) activity tend to be under-costed while products involving simple (less costly) activities tend to be over-costed. (Recall the illustration and discussion of departmental vrs. Plant-wide burden rates.)
ABC, therefore, assigns costs to cost targets based on the specific activity that is used for a particular cost target.

ABC Methodology
  • Step 1: Identify and classify the activities related to the company’s products
Alternative methods for identifying activities
Top-Down – Senior Management identifies what is done
Participative Approach – the “doers” identify what is done
Recycling Approach – using what is already documented
Time/Motion studies – outside consultants observe what is done
Classification of Activities
Value Added versus Non-Value Added Activities (JIT Processing)

Unit Level
Batch Level Note that as we move away from
Product-level unit level we begin to take in
Customer Level non-manufacturing costs
Facility Level

  • Step 2: Determine the Estimated Cost of each Activity identified in step 1.
This step assigns/allocates total costs incurred during a particular observation period to the activities incurred during that observation period.
  • Step 3: Calculate a Cost-Driver Rate for the Activity
Total cost of activity (from step 2)
Divided by the number of Cost Driver occurrences
Equals the cost per occurrence or Cost-Drive Rate
  • Step 4: Assign Activity Costs to Cost Targets (jobs, products, customers)
Actual number of activity occurrences
Times the Cost Driver Rate (from step 3)
Equals Assigned (Traceable) Costs
Note that in this step the “costing systems” requires input (actual activities & target) and has an output, assigned or traceable cost of cost target.

ABC Output – ABM Decision Making Tools
Product and Customer Profitability
Less Traceable Costs
Excess Revenues over Traceable Costs
Less Untraceable Costs (Total Costs less Traceable Costs)
Operating Income
Departmental Efficiency
Actual Costs Incurred versus Traceable Costs Assigned
If Traceable > Actual, department was efficient
If Traceable < Actual, department was inefficient

Activity Based Costing – Pro’s & Con’s
  • Pro’s
Identifies Non-Value Added Activities
Identifies cost savings opportunities (untraceable costs)
Provides very detailed cost/profitability information
Differentiates complex versus simple processes
More data can lead to more information = better decisions
  • Con’s
Very costly to implement and maintain
Historical in nature (same as traditional absorption costing)
Detail versus Accuracy (GIGO)
Discourages novel approach’s to processes
Encourages activity
Assumes equal and proportionate benefits result from common activity

Wednesday, December 9, 2009

Best stocks to invest in ...

The stock trading industry and stock investing is very worthwhile undeniably, but only if you contribute adequate control and rigid exertion is set into appreciative it. Before you can put in stocks you include identifying with what they are. Stocks are paper property companies employ to elevate wealth for numerous diverse purpose. If you pay for stock, you turn out to be part possessor of that corporation.

The company to put up for deal stocks they have to be registered and given a ticker icon. This is a recognition label for a stock. By this representation, public will recognize the company and stock.

Chip and Penny Stocks :-
Companies vend diverse kinds of stocks which include the blue chip and penny stocks. Blue chips stocks are the preeminent and the safest since the companies the stocks signify are fiscally safe and sound. These types of stocks are sure to shell out dividends. When a company does its financials at the ending of the quarter or year, if the company ended revenue, it determines whether to disburse a certain amount to stockholders as a dividend.

When investing in stocks there are definite things you want to make out. If you do not go through a dealer you can put in a company by using the following plans. These methods are:
  • Direct stock acquire plan .
  • DRIP(Dividend Re-Investment Plan) program: If the company does not include a direct stock acquire plan, you may walk off for a Dividend Re-Investment Plan (DRIP), if they have one offered. But you must possess at least one share of the company before you can join.
  • Buy through a specialized service: Some companies are ready to trade you stocks on an individual basis. Instead of buying a large amount of stocks, just go for one or a few initially.
  • If you quite purchase stocks all the way through a broker, you must become conscious that you will have to forfeit a commission. Dealing with a broker is the finest method, if you don't want to deal in stocks openly.

The next question would be which is the best stock to invest in? The best stock to invest in isn't forever the one that's appeal hundreds of dollars. However there are incredible called penny stocks. These sorts of stocks are normally from organizations that are just opening out so you wont have to do so much investigate on its history as you would want to do with big organizations. There is a better chance to create some cash in the short period with penny stocks than there is with standard stocks. Also, if you get a seize of penny stocks from a talented new organization, when the organization develops into a grand director in its marketplace those stocks that rate pennies to you will be value 100 times extra!

Every now and then you instantaneously have to set out for it and take the threat with penny stocks, and every so often with adequate investigate you know the penny stocks are departing to blow up some day and make you a real affluence!

Best Stocks to Invest In
If you have struggle with ruling the best stocks to invest in, there are numerous way to locate the best stocks to put in. But foremost you require deciding what system works most excellent for you.

  • There are two types of stock market investing
1. Investing in growth stocks
2. Investing in value stocks

Growth stocks are companies that are budding quickly in earnings. They in general will fatten up your pocket with extra hazard.

Value stocks are undervalued because they operate at a minor value compared to the companys essentials like income, dividends, sales etc whereas they will in general nurture at a slower more sustainable pace.

Short term Vs Long Term stocks
The stock you fix on principally depends on your strategy for making money with the stock market. The two types of investment strategies are :
  • Long term investment
  • Short term investment

Long term investment companies may not propose the largest opportunities for short term growth; they are very secure companies that you can be confident will go round revenue for an extended occasion.

Yet, if you are short term investor, excellent stock investments will probably be lesser, more hazard companies that have big expansion prospective. Never invest in the companies elongated period. As a short term investor, you probably will not be very anxious with a companies in general health; in its place, you will gaze at its stock price trends and the overall market trends, and attempt to interpret the stock force do compared to the market. This is massive divergence from a long term view, since short term investors dont seize into report a companies in general financial fitness, because there is no need to.

Secrets of Stock Market :-
The greatest stock to spend in is forever varying in occasion and you have to be conscious of the stock market change in sort to recognize which one is the most excellent one for that moment time. Also, you will necessitate retail stocks from more than one company in order to thrive in the stock market beyond doubt. There isnt only one preeminent stock. There are additional, all you have to carry out is research, research, research. An immense means to exploit is the Google Finance search engine. There you can perceive various histories of the company and interpret information about it.

Tips for worth investing in stocks :-
  1. Usually, when a corporation is about to commence a new product their stock goes up in the marketplace.
  2. Merge of two big corporations.
  3. Acquirement of small or standard corporation by an immense one
  4. Elegant mutual Ventures
  5. Excellent company policy.

These are presently the primary 5 tips that you have to to gaze for if you wish to spend in the best stock picks. There are a set extra that you want to be cognizant of. Thats what makes it so complicated to spend in the market.

The base line is, you would like to conclude which policy you experience most contented and convinced with. Good stock funds will be dissimilar depending on which approach you desire to accept.

No matter which technique you prefer, the significant craze is to put together a conclusion, and commend.

What Does Retail Investor Mean???

What Does Retail Investor Mean?
Individual investors who buy and sell securities for their personal account, and not for another company or organization.


Also known as an "individual investor" or "small investor".
Investopedia explains Retail Investor
Retail investors buy in much smaller quantities than larger institutional investors.

How to Begin Your Own Business with a Low Budget ?

How to Begin Your Own Business with a Low Budget ???

Starting a business with a low budget might not be quite as difficult as you might think right off. In fact, there are numerous ways you can start that business of your dreams right at home or online, for little starting costs. The more money or time you have to invest at the beginning, the faster it will grow, so with less money it'll require more work but it's no where near impossible.

Instructions :-

Things You'll Need:-
Start up costs.
Time to invest.

  • Step 1
First of all, you just have to figure out some ideas for your business, what it is exactly you enjoy to do, and how you could make money off of it. Hopefully you already have some ideas, just be creative with it.

A few business ideas:
You could sell something on eBay, promote products, create a housecleaning service, start a graffiti removal service, start a used bookstore, write and edit content online, give piano lessons, etc.

  • Step 2
Starting the business with a low budget means you're going to have to either start it up online or work from home marketing your business locally. Decide which way would be most beneficial for you. If you have a lawn care service for example, locally is the way to go.

  • Step 3
Start promoting your business either locally or online depending on which way you decided to go. Online you could write articles or blog about your product and include links pointing to it. For a local business you could put up fliers around town, and let word of mouth work for you. Just make sure you consistently do good work for word of mouth to work in your favor.