Couple of Last Minute Queries....
System
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1. How does SSAP13 work now????<BR><BR>2. What is Added Value per Employee??<BR><BR>I know but have forgot...<BR><BR>Thx<BR><BR>Hood<BR><BR>(sorry, wrote FRS13...!)
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Couple of Last Minute Queries....
Added Value is found<BR><BR>Sales Turnover<BR>- Materials and bought-in components and services<BR><BR>= Added Value<BR><BR>Added Value per employee is this total divided by the total number of employees<BR>it might be on tomorrows paper, but probably not.<BR><BR>sandy.hood@chichester.ac.uk0 -
Couple of Last Minute Queries....
2. Value Added Per Employee is a measure of productivity<BR><BR>Value Added = Sales Revenue - (cost of materials and bought in services)<BR><BR>Value Added can therefore be used as a measure of overall company performance and often the value added per employee is a performance indicator used by manaement in order to measure productivity.<BR><BR>I hope that helps0 -
Couple of Last Minute Queries....
SSAP 13<BR><BR>This is to do with accounting for research and development. Basically, pure and applied research expenditure is written off directly to the P&L. Development expenditure is written off to the P&L UNLESS the following criteria can be met:<BR><BR>The project must: Separately and clearly defined project<BR> Expenditure separately identifiable<BR> Commercially viable<BR> Technically feasible<BR> Overall profit expected<BR> Resources exist to complete the project<BR><BR>Notice the first six letters spell "SECTOR" which should help you in the exam if it comes up.<BR><BR>FRS 13<BR><BR>This concerns derivatives and other financial instruments. This basically is concerned with how a company raises money (financial instruments). It is purely a note in the Accounts - hence the title of FRS 13: Derivatives & Other Financial Instruments: Disclosure.<BR><BR>Hope this helps.0