Zenkei Bookkeeping Grade 1 case studies
Zenkei Bookkeeping Grade 1 · Put your knowledge to work in context.
The Zenkei Bookkeeping Grade 1 (全経簿記能力検定1級) is the top level of the Zenkei bookkeeping certification ladder, a Japanese qualification administered by the National Association of Commercial Education (全国商業教育研究会, Zenkei). Where the lower grades test routine double-entry bookkeeping, Grade 1 assumes you can already journalize fluently and moves toward the work of a senior accounting professional: complex combined transactions, period-end adjustment and accrual logic, statutory financial statement preparation, cost and managerial accounting fundamentals, company law and tax touches, and consolidated or otherwise advanced reporting. The Zenkei Bookkeeping Grade 1 case studies are 5 cases and about 4,252 words.
1Year-end clean-up at a wholesaler: four accrual cuts and one contaminated allowance base
Tatsumi Shosho closes its books once a year on 31 March and uses the tax-exclusive method for consumption tax with the provisional paid/received accounts. Its pre-adjustment trial balance at 31 March 20X5 contains the following.
793 words, about 4 min2A government grant, compressed bookkeeping, and a controller who wants to spread the subsidy
Hokuriku Precision Co. (year-end 31 March) purchased a computer-controlled machining line.
887 words, about 4 min3An 80% subsidiary: goodwill, two-way inventory sales, and whose profit the unrealised margin belongs to
Parent P acquired 80% of Subsidiary S on 1 April 20X2 for ¥520,000,000. At that date S's net assets were share capital ¥300,000,000 and retained earnings ¥250,000,000, and an office building with ten years of remaining life (straight-line, no residual value) was undervalued by ¥40,000,000.
845 words, about 4 min4Standard costing at Kyowa Foods: six variances, and where they should land
Kyowa Foods produces one product in a single process. Standards per unit are: 2.0 kg of material at ¥500 per kg; 0.8 direct labour hours at ¥1,200 per hour; and fixed manufacturing overhead absorbed on the basis of a normal capacity of 7,500 direct labour hours and a monthly fixed overhead budget of ¥18,000,000.
874 words, about 4 min5Tax reconciliation and the distributable amount at Minami Industries
Minami Industries Ltd. reports pre-tax profit of ¥84,000,000 for the year ended 31 March 20X5.
853 words, about 4 min