Group 3

Noheiyah Aguila Atasha Garcia

Lorenz Cordova Mika Ortega
Marielle Gonzales Allyza Rivera

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Avon
This is the company that puts mascara
on lashes and food on tables, that fights
wrinkles with one hand and Breast Cancer with
the other. That knows the value of a perfect lip,
but still opens its mouth and speaks out against
Domestic Violence and for women’s financial
independence.
The branch of accounting that is
applicable for this company is tax accounting
because the deferred income taxes have been
provided on items recognized for financial
reporting purposes in different periods than for
income tax
purposes using tax rates in effect for the year in
which the differences are expected to reverse.
A valuation allowance is provided to reduce
our deferred tax assets to an amount that is
“more likely than not” to be realized.
 Wendy’s
Wendy's is an American international
fast food restaurant chain founded by Dave
Thomas on November 15, 1969, in Columbus,
Ohio. The company moved its headquarters to
Dublin, Ohio, on January 29, 2006. As of
December 31, 2018, Wendy's was the world's
third largest hamburger fast food chain with
6,711 locations, following Burger King and
McDonald's. On April 24, 2008, the company
announced a merger with Triarc Companies
Inc., a publicly traded company and the parent
company of Arby's.
We can apply cost accounting
because it helps in determining the future
courses of action regarding the company's
operations.
7 - eleven
A convenience store a small store
that is open for many hours of the day so we
assume that customers are always present at
any time of the day. All our necessities are
present in a convenience store.
We can apply the management
accounting because the store itself [focuses
on the preparation of financial reports used
by managers in their day-to-day decision-
making.] In Management Advisory Services,
the manager or staffs usually give advices to
each other and make decisions for the
business to increase its sales and profit like
giving promos or a 25-50% sale in a specific
product. [Reports generated using this
branch are for internal users only. As such,
management reports need not follow
accounting standards such as PFRS and PAS.]
Ace Hardware
Ace Hardware Corporation is an
American hardware retailers' cooperative
based in Oak Brook, Illinois, United States. It
is the world's largest hardware retail
cooperative, and the largest non-grocery
American retail cooperative.
Retail operations use management
accounting to forecast inventory needs,
review profit margins, and make business
decisions based on financial information.
Retailers may create a management
accounting system to track the costs of
inventory and review vendors or suppliers
to determine if a lower-cost inventory is
available. Companies may also choose an
inventory valuation method, such as first in
first out or last in first out, to use when
reporting inventory cost of managerial
accounting reports.
 UCPB
The United Coconut Planters Bank, more popularly known by its
initials, UCPB, or by its old name, Cocobank, is one of the largest banks in
the Philippines, ranking within the top twenty banks in the Philippines in terms
of assets. It is one of two universal banks not listed on the Philippine Stock Exchange, the other being
Allied Bank. The bank, owing to its name, caters heavily to coconut farmers, but also serves a wide-
ranging clientele.

“
We can apply the financial accounting because the reported financial statements for banks are
somewhat different from most companies that investors analyze. For example, there are no accounts
receivables or inventory to gauge whether sales are rising or falling. On top of that, there are several
unique characteristics of bank financial statements that include how the balance sheet and income
statement are laid out. However, once investors have a solid understanding of how banks earn revenue
and how to analyze what's driving that revenue, bank financial statements are relatively easy to grasp.
“ An accountant is someone
who knows the cost of
everything and the value of
nothing”
THANK YOU!