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Urgent homework excels in providing Accounting Homework Help and Accounting Assignment Help. Accounting is defined by the AICPA as{ "the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character and interpreting the results thereof."} Accountancy is a branch of mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing.

Reference: https://en.wikipedia.org/wiki/Accountancy

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Accounting has a lot of branches that make it difficult to understand for a person without any expertise or help. The branches namely Accounting, Managerial Accounting, and Financial Accounting are all vast in their appeal and extremely difficult to understand by a Student on his/her own. This subject thus requires total and deep concentration in order to be accurate because if things related to Finance go wrong then nothing can be in place. Accounting solutions are often difficult to understand unless one can get all the concepts of the subject in the way that is required to get the answers. It is at times difficult to manage all the Accounts with incomplete information and knowledge. A proper understanding of all the Accounts, their functioning and transactions are required to build the proper foundation in the mind of the Student.

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Company Overview

1.1 Principal sources of NEC’s revenue

Nine Entertainment Co. (NEC) is a leading Australian and media entertainment group with a presence across television, events, and online. NEC delivers its content in multiple ways through free-to-air TV broadcasting, digital channels, and online on Mi9’s news and entertainment portal. Mi9 is an expansion of Ninemsn's business, which includes a range of products and brands such as online publishing and advertising technologies. The brands in Mi9 include Cosmopolitan, Nine News, and Skype. Those brands are famous in Australia. NEC mainly generates income from advertising revenue. Therefore, it generates revenue from selling advertising time during the broadcast of content to its audience. Moreover, it also generates income from providing ticketing services through Ticketek. However, the revenue sources of NEC may change due to technological and social factors.

1.2 NEC’s production and the ways it conducts its operations

NEC provides media information and entertainment. NEC broadcasts nationally and owns FTA TV licenses in capital cities in Australia such as Sydney, Melbourne, Brisbane, and Perth. From a broadcasting news perspective, Nine Network uses its in-house capabilities to produce news. On the other hand, it holds the FTA TV broadcasting licenses of the National Rugby League and broadcasting rights from Cricket Australia. As Nine Network has agreements with production companies such as Southern Star Entertainment and Playmaker Media, it can produce international series locally, for example, The Voice. As a result of prior agreements with international studios like Warner Bros, NEC has obtained distribution rights for a wide range of television and movies, making it one of the strong players in the industry for accounitng homework help.

1.3 Primary competitors and their market share

The first of NEC’s primary competitors in the free-to-air TV industry is the Australian Broadcasting Corporation (ABC) for accounting assignment help Australia. They are Australia’s national public broadcaster, and provide services nationally and even overseas. Next is the Special Broadcasting Corporation (SBS), which has a focus on multilingual and multicultural radio and TV, as well as the broadcast of international sporting events. Also, in the commercial-free to air TV sector, their competitors comprise Seven West Media Holdings, Ten Network Holdings (TEN), and WIN Corporation Pty Ltd. Seven West happens to be Australia’s largest commercial television network. TEN, on the other hand, runs other channels such as ONE, and ELEVEN, which is catered toward the younger population. Next, WIN is a television broadcaster that started as a regional broadcaster then moved on to the national stage. A company’s market share is defined as the portion of the market controlled by a company. In the free to air television industry, Nine Entertainment has a market share of 21.4%. (IBIS World)

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Figure1: Market Share

1.4 Particular regulations that affect NEC’s operations

The Australian Communications and Media Authority (ACMA) is the broadcasting regulator for radio and television in Australia, and also the co-regulatory Online Content Scheme. Consumers who have complaints about programs on television and radio or certain types of content on the Internet can apply to the ACMA. The purpose of the legislation is to encourage diversity in the ownership of the most influential forms of commercial media: the daily press and free-to-air television and radio.

In October 2006, the Final Media Plan was passed by the Federal Government. The plan applied from February 2007 and included the lifting of all foreign ownership and cross-media ownership restrictions, with a requirement that there be no fewer than five independent voices in metropolitan markets and four in regional markets. The ACCC now regulates cross-media mergers in regional areas and the ACMA and has stronger powers to impose fines, obtain injunctions, use court-enforceable undertakings and issue infringement notices on operators.

The TV sector has been opened to specialist broadcasters and existing TV stations can launch a second standard-definition digital channel in 2009, with extra channels allowed once analog broadcasts have ceased. This also allows them to have one high definition multi-channel. Furthermore, there was the removal of all genre restrictions that prevented digital TV channels, ABC 2 and SBS World News from airing news, sport, and other programs.

Accounting Topics

• Holmes Institute HI6028 Taxation Law
• Myaccountinglab answers
• Accounting ratios
• Activity-based Costing
• Accounts Problem And Solutions
• Amortization
• Bank Reconciliation Statement
• Bookkeeping
• Break-even Point
• Cost Accounting
• Cash Flow Statement
• Financial Accounting
• Intangible assets
• Inventory
• Managerial Accounting
• Non-profit Accounting
• Payroll Accounting
• Standard Costing and Variance Analysis
• Taxation
• Analyze and interpret the financial statements (balance sheet, income statement, cash flow statement) of a given company.
• Assess financial ratios to evaluate the company's liquidity, solvency, and profitability.
• Compare the financial performance of two companies within the same industry.
• Create a budget for a hypothetical business based on historical data and projected future trends.
• Develop a cash flow forecast to predict the company's short-term financial health.
• Explain the importance of budgeting in controlling costs and managing resources.
• Calculate and analyze the cost of production for a manufacturing company.
• Differentiate between fixed costs, variable costs, and mixed costs.
• Apply activity-based costing to allocate overhead costs more accurately.
• Identify and describe internal control procedures to safeguard company assets.
• Discuss the role of segregation of duties in preventing fraud.
• Analyze a real-life fraud case and suggest preventive measures.
• Compute income tax liability for an individual or a business based on their financial information.
• Explain the difference between various types of taxes (e.g., income tax, sales tax, property tax).
• Discuss tax planning strategies to minimize tax liability within legal boundaries.
• Outline the steps involved in conducting a financial audit.
• Discuss the importance of independence and objectivity in auditing.
• Critically analyze the potential risks and benefits of outsourcing audit services.
• Create a cost-volume-profit (CVP) analysis to help a business make decisions about pricing and production levels.
• Evaluate the performance of various departments within a company using variance analysis.
• Describe how relevant costing can aid in decision-making for special orders or discontinuing products.
• Compare and contrast the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
• Analyze the impact of adopting IFRS on financial statements and reporting.
• Discuss ethical challenges that accountants might face and propose solutions.
• Explore the concept of professional skepticism and its role in maintaining integrity.
• Describe the components of an accounting information system and their interrelationships.
• Evaluate the benefits and risks of using cloud-based accounting software.
• Analyze how automation and technology are reshaping the accounting profession.