Course Project, Notes to Consolidated Financial Statements

Notes to Consolidated pecuniary Statements Note 1 Business and Summary of Significant Accounting Principles (10 items) Description of Business The Open-Road Motorcycle telephoner is the largest online retailer of salvage title motorbikes. We ar focused on bringing the customer the best quantify on entry level motorcycles by providing lower prices than our competitors. Our motorcycles ar sold all over the unite States, and we currently have 30 stores all across the country. Property, Plant and Equipment completely property, plant and equipment are state at greet and depreciated over their useful lives.All depreciation expense incurred is derived using the straight line method. We do not depreciate our land. We estimate our useful life for our assets accordingly buildings have a 40 stratum life, computer equipment has a 5 stratum life and the repair equipment a 15 yr life. The estimated lives of our assets are reviewed periodically to determine if any impairment is prese nt so the useful lives and depreciation can be adjusted for accuracy. Short-term Investments All of our investments are comprised of trading securities comprised of debt instruments in different industries.The securities are reported at fair value with any unrealized gains and losses verbalise on loot income. Securities that are smooth held at the end of the fiscal year are evaluated and are adjusted if necessary. Inventory Valuation All of our merchandise on our website is recorded at address or fair value, whichever is lower. The salvage motorcycle neckcloth is recorded at cost. We value our inventory using the average method. If the motorcycle is considered unsellable, it becomes disassembled and sold for part.All parts sure from motorcycles that have been disassembled are not recorded because the cost has already been recorded from the original purchase. The motorcycle would be written off as a loss on crystallize income and all sales from the parts are considered gains and are stated on net income. Refer to Note 2. cost of Goods Sold Our Costs of goods sold is the cost of the motorcycles purchased, direct labor and depreciation expense. It intromits all shipping and handling costs, air freight, train, and transport costs in received the merchandise and or motorcycles. Revenue RecognitionAll revenue generated from sales of inventory are realized when it has been earned. Generally when the item purchased arrives and the ownership transfers. All shipping and handling costs are include in the sales price. Revenues earned from sales are stated net of tax. Sales from disassembled motorcycles are listed as gains or losses on net income. Advertising Costs All costs associated with the marketing our website, which include television and internet ads, are expensed when incurred. Typically our advertising costs stay the same every year at $4 million, since our beginning in 2006. Accounts ReceivablesWe record accounts receivables at net realizable value. Th is value is the equipoise of the amount due on sales on credit less estimated uncollec flurry amounts. We calculate our estimated amount found on past write-offs. Our come with credit policy extends a 30 day period in which the full payment is due upon completion of sale. The item must have a prepayment of at-least 50% of the motorcycle sales price before it is shipped. We believe that because of this policy the amount of uncollectable revenue is reduces and sales have increased. Contingencies Our company is currently involved in a lawsuit pending a closing agreement.A former employee was wound in an accident involving improper handling of the shipment. The settlement is considered probable and the estimated cost is $2 million. This amount is stated in current liabilities. Refer to Note 4. Pension and Other Post privacy Benefit Plans Our company contributes to pension and separate postretirement health care plans for all of our employees. We contribute 3% of gross wages into a retirement livestock specified by each employee. Refer to note 11. Note 2 Inventories Our inventory is comprised of salvaged motorcycles and fully repaired motorcycles.Inventories are valued at the lower of cost or market. We base our cost on the average cost method. Repaired motorcycles have title and labor costs included in the basis of rating. Inventories consisted of the spare-time activity (in millions) December 31, 2011 2010 remedy motorcycle inventory $ 300 $310 Repaired motorcycle inventory $250 $200Total inventories $550 $510 Note 3 Property, Plant and Equipment The following table illustrates our property, plant and equipment (in millions) December 31, 2011 2010 Land $ 600 $ 550 Buildings and garages 900 700 Machinery, repair and computers 00 350 1,900 1,600 Less accumulated depreciation 350 300 Property, plant and equipment net $ 1,550 $ 1,300 Note 4 Contingencies and LiabilitiesOur company is currently involved in a lawsuit that is pending a settlement. The appr oximate amount of the settlement is $2 million. We have determined that the contingency is probable and the amount of the settlement is accurate. This amount is stated on the consolidated balance sheet for the current period. Note 5 Changes in Accounting Principles or Estimates We are currently using the average cost method for inventory valuation in place of LIFO.We have determined this method is more accurate for valuation because prices tend to fluctuate and may skew net income unfavorably. Note 6 Post Balance Sheet Events Our company continually evaluates its motorcycle inventory to determine cost and its ability to sell. If a significant amount of inventory is deemed disused or unsellable, it is adjusted in the next period. The amount is deducted from inventory and written off as a loss.The motorcycles then become disassembled and all revenue generate from the parts are considered a gain. Note 7 Mergers and Acquisitions We recently acquired native headstone Jobs Company dur ing the year for $50 million. We acquired all buildings, land, equipment and certain patents on keystone jobs. We have decided to expand our operations by completely restoring salvage motorcycles for a lower price. The following table illustrates the assets and liabilities received from the purchase (in millions)Cash $ 3 Inventory 10 Equipment 35 Property, plant and Equipment 45 Total assets acquired 93 Accounts payable 40 Long-term debt 40 Total liabilities acquired 80 Total net assets acquired $13 Note 8 Lease Obligations We currently lease a special modification tool that restores the engine and parts to 95%. The lease agreement is based on a 5 year term for $500,000 a year. The following table illustrates our payments for the term of the lease.Years ending December 31, Lease Payments 2011 $500,000 2012 $500,000 2013 $500,000 2014 $500,000 2015 $500,000 Total cost of the lease $2,500,000 Note 9 EPS Our company has 200,000 shares authorized with 100,000 outstanding. We have no preferred stock or treasury stock. The following table will illustrate the current and previous earnings per share. 2011 2010Net Income (in millions) $ 5 $ 4 Number of shares outstanding 100,000 100,000 EPS $50 $40 Note 10 Long-Term Debt With the acquisition of Pristine Paint Jobs, we acquired $40 million in farseeing-term debt. Our long term debt prior to the acquisition was $25 million. Our long term debt consists of a $25 million note payable at a repair engage rate of 1. 5 percent due December 31, 2040.The following illustrates the long term debts acquired from the purchase of Pristine Paint Jobs. * $20 million total principal amount of notes due November 20, 2035, at a fixed rate of 1 percent and * $20 million total principal amount of notes due November 20, 2035, at a fixed rate of 1. 5 percent. Note 11 Employee Pension Obligations We continue to contribute to employee retirement plans for all of our employees. These pension plans are funded and are based on sa laries and years of service. The total contribution for the year is $10 million. In 2010 our total contribution was $9 million. We contribute 3% of employee wages into the plan. The increase in contribution is due to the increase of our workforce.

Having good manners is important to everyone Essay

The subject of my presentation is Having neat adroitness is all-important(a) to every unitary especially in todays society. It should not matter whether a soul is at home, work, or just hanging out with friends manners be always important in all that a person does. Your manners ar important all of the magazine. It is possible to manners in the way a person walks, talks.However sometimes sizeable manners are regarded as old-fashioned, something that are now out of date and unnecessary. It is true that opening doors for each other, waiting our turn to be served, very much seems to be a thing of the past.Good manners provide a moment in time where person stops and considers our needs, offers us a seat, asks us politely for something with a please and says thank you afterwards. These niceties whitethorn only take a second, but they are an important second in our busy military man of rushing around, solely thinking of ourselves and what we need to do. Those moments can make us stop and consider the grandness of noticing the other person, the waitress, the sales person.Do we really need to bark out our orders, demands? How much more pleasing would it be for all concerned if we asked for something politely, with a please at the end of the request. And acknowledged receipt of it with a smile and a thank you. Road rage is evidence of extreme bad manners, which usually involves one person driving inconsiderately. Good manners are more or less appreciating that life is not all about us and what we want. Our needs have to be negotiated along with everyone else.Now I would like to tell you the examples of the vastness of good manners. First, Thank you letters are important. Whether someone has sent a gift or entertain you at their home, it is important to acknowledge their effort and thoughtfulness. They have through with(p) something special for you and a handwritten honor or letter shows that you are prepared to respond and take the time to value what the y have done and thank them for it.Writing a thank you letter is an important skill to learn. Constructing an effective letter, with good grammar and an important message is a valuable skill to have, and one that is rarely taught in these days of rapid texting and jiffy messaging. Next, saying please and thank you to the people we dealwith when we want or need something is basic good manners.And excuse me if we sneeze or cough, covering our mouth with a tissue. Holding the door open for someone else, offering an elderly person or a pregnant lady a seat are good manners but they are also demonstrating respect, empathy and consideration for the other person. A simple apparent movement like that can improve the mood and quality of someones day. But it is important to be respectful post and return the compliment with a simple thank you or a smile.Good manners are a two-way exchange. Even if we do not respect the person sometimes good manners are about respecting their position or stat us and what that represents. We may respect the fact that someone is a manager or a school teacher or highly educated and when they are in that role we moderate our behavior towards them and give them respect out of deference for their position.

We are the Champions

For as prospicient as I can remember, I have love and contend organized basketb whole. The culmination of this adoration and dedication came during my senior year of high school when we win the state financial support. I spent most of my childhood and adolescent years watching, practicing and playing this lame. I played through all kinds of injuries and illnesses. I played with all kinds of organizations and teams. Now, I was the captain of the team of all teams call forth Champions.Id reached the manacle of my basketball career. If we are looking at this significant event through the behavioral lieu of psychology, we see the ways in which it applies. The behavioral opinion allows us to look at the obvious apparent and measurable behaviors as opposed to the internal and mental ones. It focuses on how behaviors are learned and reinforced. Practice was the brainish behavior that allowed our team to succeed. Our coaches required us to practice the same plays over and over again . We practiced scene drills over and over again.These things were reiterated until hey became second nature, and then we practiced them some more. Our philosophy was that we did not practice until we got it right, notwithstanding we practiced until we could not get it wrong. Also, part of our preparation included watching videos of our opponents. This allowed us to learn their behaviors and tendencies in order to devise a plan to counteract them (Baron & Kessler, 2008). During the game of basketball, the cognitive perspective plays an important role. This perspective is concerned with the mental function how things are perceived, remembered, reasoned, decided, or problem solved.Before the game starts, a strategy is authentic for the offensive and defensive side of the court. It has to be remembered by every member of the team along with all of the plays and signals to help the team function as one cohesive unit. We are also tasked with making better second decisions throughout t he game in order to navigate the opponents defensive scheme (McLeod, 2007). Through this perfect process, I learned that hard work would lead to great rewards. One of the ways this happened was through continent conditioning breeding.This type of learning involves placing a neutral signal before a naturally occurring innate reflex (Baron & Kessler, 2008, p. 161). In order to build our stamina to run up and down the court for a end game, our coaches used a whistle. When the whistle was blown, we were required to run suicide drills. At the sound of a ternary whistle, we were required to stop running. The blowing of the whistle is an unconditioned stimulus and the act of running is an unconditioned response. Operating learning came in the form of positive reinforcements and punishments.We were praised and received gifts for working hard in practice, for performing drills ND tasks flawlessly, and for brush seasonal milestones. Our punishments came in the form of performing push-u ps or having an extra early morning practice when we did not do what was expected. In addition, some of my basketball skills were acquired through observational learning. I watched Just as more basketball on television as I played. I took some of the things that I saw my popular college and professional basketball players performed and worked to mimic them (Baron & Kessler, 2008).This entire senior basketball season was very memorable. It was like ale with a story book ending. However, some of the details of that season was lost. This is because of retroactive interference. We played 23 games that year, and each game added a new memory. Because of the similarities in games, the details get clouded with the addition off new one. The championship game was different. That game is an autobiographical memory as it was a reward for what I had worked so long to achieve. This was the most important thing that Vive done up until that point.

Sanjivani Medical Times

RNI NO. DBLBIL/2001/4088 VOL 8, ISSUE 5, APRIL 2011 A Star Media Group Publication INDIAS AYUSH AND HEALTH TOURISM JOURNAL SKIN LASERS Central Council for Research in Yoga & Naturopathy (CCRYN) (Deptt. Of AYUSH, Min. of Health & F. W. , Govt. of India) 61-65, Institutional Area, , Janakpuri, late DELHI 110 058 Tel 011-28520430, 31, 32 Fax 28520435 E-mail ccryn. emailprotected com Website www. ccryn. org CCRYN is actively engaged in Research, Development, Promotion, Propagation, Education, Training, Publication etc.Grant-in-aid for clinical and Literary Research 1 one C% Grant-in-aid is given to Yoga & Naturopathy Institutes for conducting research. 2 Grant is provided for translation, publication of ancient Yoga texts and former(a) standard literature based on modern scientific research. Grant-in-aid for TCPC and PCC 3 More than 140 Yoga & Naturopathy Hospitals on the whole over India including remote argonas and North Eastern Region are given grant under Treatment-cum-Propagatio n boil down (30 Bed Hospital Rs. 9. 00 hundred thousand P. A. ) and Patient Care Centre (20 & 10 Bed Hospitals Rs. . 00 lakh & Rs. 3. 00 lakh P. A. ) Central Research Institute (CRI) 4 Free land has been taken over from the Government of Karnataka and Haryana for 100 Beds Research Hospital and construction is under progress. Free land of 10 to 20 Acres is existence each(prenominal)otted by Govt. of Manipur, Orissa, Assam, Tamil Nadu, and Jharkhand. National Campaign on Yoga & Naturopathy for Holistic Health being conducted all over India. Publications 1 2 3 4 5 12 Research Monographs since 2005. CDs on Naturopathy & Yoga Therapy in Hindi, English and Tamil. 8 books in Hindi & English. More than 30 brochures, leaflets and booklets in Hindi and English for lay off distri preciselyion. Yogic Prakritik Jeevan, quarterly magazine, in English and Hindi. Yoga & Naturopathy OPDs since 2005 1. 2. 3. 4. Safdarjung Hospital, youthful Delhi RML Hospital, New Delhi Lady Hardinge health c heck College, New Delhi University College of Medical Sciences, New Delhi Fellowship for Ph. D. Scholars since 2006 at Rs. 6,000/- P. M. for 3 years. Yoga Fitness Classes at Delhi-12 1 Headquarters 6, Udyog Bhawan 2, AIIMS 4 paramedical Diploma in Naturopathy & Yoga Therapy (DNYT)2 years from 2011 The yearly financial assistance for the course is Rs. 5. 00 Lakh. Scholarship to the BNYS (Bachelor of Naturopathy and Yogis Sciences) students from 2011 1 Rs. 5000/- leave behind be given to 110 students from the graduation exercise year for pursuing the Course outside their State. another(prenominal) Achievements 1 The Council has organized several All India level Seminars/Workshops on Yoga & Naturopathy. 2 It is actively participating in various Arogyas and Health Melas. (Prof. Dr. B. T. Chidananda Murthy) Director NEWS ISSUES NEWS MEDICAL RESEARCHGhulam Nabi Azad storied that the AYUSH systems of medicine are of great antiquity he Union Minister for Health and Family Welfare Shr i Ghulam Nabi Azad chaired the meeting of Consultative commissioning of Parliament attached to the Ministry of Health and Family Welfare in New Delhi to specifically discuss the activities of discussion section of AYUSH. unsanded crossways party lines the Consultative Committee members lauded the progress do by the Department of AYUSH in the short circuit span of sixteen years since the inception of separate Department for Indian Systems of Medicines and inhabitationopathy in 1995.Sh Ghulam Nabi Azad noted that the AYUSH systems of medicine are of great antiquity and the Department has been making significant strides in providing an enabling environment to develop these systems with its infrastructure of National Institutes, Research Councils, Pharmacopoeial Laboratories, the Public Sector Undertaking of Indian Medicines Pharmaceutical T Secretary, Department of AYUSH Anil Kumar drew the attention of the members to the new initiatives taken by the Department in the XIth imag e Union Minister for Health and Family Welfare Shri Ghulam Nabi AzadMauritius Patient at Eye Q for Lasik Eye Surgery Dr. Vibhuti Sharan MBBS, MS (Ophthalmology) Corporation Limited as also the National Medicinal Plants Board. The Minister highlighted that mainstreaming of AYUSH systems has become a victorious strategy in the National Rural Health Mission. He also elaborated on the efforts made by the Department towards ensuring quality control of drugs. The Minister however pointed out the acute shortage of doctors in rural areas and elicited views of the Members in itigating the situation by utilizing the AYUSH doctors to fill the felt need at mountain root levels. The Consultative Committee members shared the concern of the Department over some key issues bid low capacity reflected in vacancies pending Utilisation Certificates from States weak drug enforcement machinery collaborative research and expression quality drugs, therapies, hospitals, laboratories, teaching colleges . The Members requested the Health Minister to ensure employment and utilization of trained custody of AYUSH. e-Q, symbol of excellence in shopping center care and largest chain of super specialty eye clinics across Northern India today executed a special Lasik eye surgery for three patients of the same family who had curiously flown down from Mauritius to receive the give-and-take. Speaking about his Lasik surgery at Eye-Q, Mr. Patoo Jor Roshan utter I fuddle oddly travelled to India to get my Lasik eye surgery done. I was referred to Eye-Q by a friend who underwent Lasik eye treatment to correct sad eyesight at Eye-Q and has experienced remarkable difference. E Devi Shetty Targets Medical Tourism In Cayman IslesFIRST TIME IN THE WORLD Without operation Cure Cataract, Glaucoma, Myopia, Hypermetropia & incurable eye diseases of Retina (Diabetic Retinopathy, Macular Degeneration, Retinitis Pigmentosa, Colour blindness) & different types of eye cancer. Inventor Em. Prof. Dr. M. S. Basu Senior Ayurvedic Eye Specialist International & National Awardee Dr. Basu with H. E. President, Ex-vice President, Home Minister of State, GOI, Ex-Health Minister, GOI, Ex-Chief Minster, U. P. , Ex-Petrolem Minster, GOI. Minimal Invasive Robotic sum of money Surgery NOW FIRST TIME IN THE WORLD old Prof. Dr. M.S. Basu adds a new chapter in Medical Science by curing Retinob buy the farmoma patient successfully Patients of poor vision, referred by AIIMS-Delhi, Shankaralaya Netralaya-Chennai, Gandhi Eye Hosp. , Aligarh etc. have been cured successfully. Spectacles get removed up to +8. 50 No side effects Recovery of vision within 5 minutes EXPORT COUNCIL patent BY PATENTED BY GOVT. OF INDIA W. T. O. EXPORT LIC. OF GOVT. OF INDIA TM REGN. FROM GOVT. OF INDIA S. S. I. REGD. GOVT. OF U. P. G. M. P. CERTIFIED ISO 90012000 For Franchises, only BAMS, BUMS, DHMS,MBBS, & Qualified Optician may be contact Dr.Basu Eye Hospital & Centre to Cure Without Operation 23-B, Ekta Nagar, Ba reilly (U. P. ) India. Ph. +91 9997722223, +91 98370 06102, +91 93196 23728 EW DELHI Safemedtrip has unveiled latest and state of the art Minimal Invasive Robotic Heart Surgery Programme in the country. This programme will be helpful to the patients, who are suffering from Heart Disease as they will be benefiting from its Minimally Invasive Robotic Heart Surgery Programme with its latest advances in heart surgery techniques. Robotic Heart Surgery programme is quite affordable at Safemedtrip affiliated hospitals.N NEWS ISSUES Pregnant noblewoman doctors forced to work at AIIMS NEWS PRODUCT LAUNCH countrys biggest medical embed, and fighting for our basic rights, said a senior resident from the Neurosurgery Department on the condition of anonymity. We have been using our other undischarged leaves as we are not getting the maternity leaves which are paid leaves. I reach ability at 8 in the morning and work till 6 in the evening, and sometimes we have night duty too. This behaviour i s completely inhuman, said another lady doctor from Gynaecology Department on the condition of anonymity.Due to the confounding behaviour of the administration, few of the residents have already left the institute and their job with it, as it was getting impossible for them to work at this stage of pregnancy. Two ladies joined last month on a regular basis and wanted maternity leave and the institute is creating hassles. disdain the DGHS order we could get 2+2 (or 3+1) months (unpaid and paid) maternity leave till January this year for some residents. The problem has assumed serious proportions now with recent hassles by AIIMS administration, said Dr Debjyoti Karmakar, President, Residents Doctor Association (RDA)Sonakshi Sinha New brand embassador for Fem bout 40 senior resident doctors, who are pregnant, forced to continue with their duties as the administration allegedly isnt allowing them any time off Among other things, AIIMS is also renowned for its pregnancy care. only th at only benefits the patients. It appears that the institute is rather callous when dealing with maternity issues of its own employees. At least 42 senior resident doctors who are pregnant are currently working in various departments of the institute. I am coming to the hospital even in the 37th week of my pregnancy.We had applied for leave months ago, but the administration is not responding. At this point of pregnancy, all women are asked to take complete bed rest. provided here, we are working in the A n the occasion of 100th International Womens Day, Fem, the leading & or so trusted beauty brand from the House of Dabur, announced the signing of Bollywood heartthrob Sonakshi Sinha as the new brand ambassador for the brand FEM. The agreement was signed on Tuesday by Ms Sonakshi Sinha and Dabur India Ltd Chief Executive Officer Mr. Sunil Duggal. The first campaign for Fem bleaches featuring Ms Sinha will be launched shortly. O

The paintings of 2 wheel building Essay Example | Topics and Well Written Essays - 1500 words

The scenes of 2 cps building - Essay ExampleThe paintings of the place display the modernist housing that tries to displace the immersed relationship traditional notions about housing, the exterior and intimate ribbons of this house intentional by Goldfinger as initially considered by many experts of architectural arts as the manifestos of modernity, the paintings and decorations in the interior sections of the two wheel building allows for an experience of the atmosphere that matches the conditions in the nineteenth century dwellings. The paintings of 2 wheel building carry the architect Goldfingers feeling about life. The paint decoration designs of the two wheel avenue house portrays a strange attraction, since it provides an aesthetic procedure that can be used to legitimate Goldfingers savvy of what life pertains. It is understood that Golfingers main motive in designing the 2 wheel house was to go about a permanent resident for his family the interior designs that inc lude the painting works of the house is the main painting of what he understood about life. In any architectural work, the architect can use the paintings to communicate the association of his understanding in regard to the real life perspective. This relationship aids in communicating the designers feeling about life. The exterior decoration gives the two wheel house unique appearance. The exterior decoration of the two wheel road house is made of stone, bricks, and concrete that makes it look as a crossbreed project as it is not made to have the general modern.

Marketing of Adventure tour in Cairns, Australia Coursework

Marketing of Adventure rub in Cairns, Australia - Coursework ExampleA competitor analysis is a managerial strategy that assesses the strengths and weaknesses of competitors thus enabling the melody to identify securities industry gaps and capitalize on them so as to guarantee its own success. However, most business people do not conduct this kind of trade assessment using the correct procedures thus resulting in some enterprises operating on outdated market information that may not hold the exact market situation at the current date (Oster, 1999).Moreover, competitor analysis is an essential tool in business management since it provides the business with the appropriate information about its competitors. The business would therefore capitalize on its competitors weaknesses to be the leader in its line of business. Staying a head of competition is an essential business goal that each(prenominal) individual company should employ for successful operation. Diversification of operat ion is an important strategy to manage close competition. Passion of paradise among other competitors that quicksilver cruiser faces offer a relatively limited pad of products and thus the fact that quicksilver cruises offers a wide range products keeps it ahead of competition.Quicksilver Cruise is the largest aqualung diving offering company in Australia and this can be attributed to its reduced price and efficient tour offers that are appealing to most tourists. However, it is worth noting that the sector is very competitive and proper advertising techniques should be employed so as to popularize the company.

ACCOUNTING Essay Example | Topics and Well Written Essays - 2250 words

ACCOUNTING - Essay ExampleHe successfully included all the expenses and related distributively with one or much cost centers. The report will concentrate on providing a consummate(a) investigation based on the seven vital issues that have been given.1. Management accounting system does not necessarily relate to a whole new form of accounting system but it concentrates more on providing valuable information to enhance the effectiveness and efficiency of the clientele. (Johnson, Kaplan, 1991, p.4). It can be regarded as an mention given to the concept of cost accounting which encourages in giving more economic information to the guidance helping them in decision making, polity formation, detect the major flaws on the business etc. concord to the Anglo-American Council Management Accounting is defined as the presentation of accounting information in such a way as to assist perplexity to the certain policy and the day to day operation of an undertaking. From the comment it is being understood that the financial data is basically processed and analyzed in a mien that the management can run business operation more systematically. Apart from business planning and policy formulation there are other certain objectives of this system. This system essentially is being used as a process of interpretation. Un alike(p) cost accountancy it does not always identifies the cost element of the business but it is more dynamic in nature as it analyzes the data and reveals the vital information like where in the company is doing bad or good in its operational processes.( Johnson, Kaplan, 1991, p.4). These identifications in turn help in the decision making of any organization. In this case, the company Thomela though was making profits up to a certain level there were difficulties in their activities and production, which were exposed when the market collapsed. Thus with the installation of the management accounting system,