2025
Sales Target for 2025
What is 3 Billion Euros?
Norma Group reports financials according to these standards.
What is IFRS?
Under IFRS 16 this increases as some costs are moved to interest
What is EBITDA?
Inventory costing method required under IFRS.
What is weighted average?
The 3rd best Norma America's ROCE entity in the 2019 Budget
What is Norma PA?
Customers, Employees, Shareholders and Supplies
What are the 4 Stakeholders?
Financial statements, except for cash flow information, are prepared under this basis of accounting.
What is the accrual basis?
IFRS 16 states that these types of leases, regardless of length will always be considered as assets
What are land and building leases?
Increasing inventory has this effect on the change of inventory.
What is a credit balance?
Norma requires this frequency for fixed asset audits
What is every 3 years?
The organizational model leverages core competencies for heterogeneous products.
What is the Division Model?
This business area is characterized by standardized products sold via distributors or directly to end customers (rare)
What is DS?
These schedules are due with Cognos Submission 1
What are P30S Third party Revenue and P230 Change in IFRS 15 accruals
One example of an inventory transaction that would not be factored into Excess & Obsolete calculation
What are counting and/or transfer entries?
Give two examples of costs not included when calculating transfer price
What is Freight out and Commissions?
This is the implementation date of the new divisional organization.
What is October 1, 2019?
This COGNOS account is used to record inventory adjustments for damaged and/or obsolete material
What is COGNOS 331040 - Inventory write off
This schedule must be submitted with the Forecast P&L?
What is P901/Capex?
This type of inventory count ensures the counters don't know what the ERP system shows as the count and a second person verifies the physical count.
What is a double blind count?
These are the 3 components that allow you to calculate ROCE
What is Total Assets, Current Liabilities and EBIT?
PA, Auburn Hills, RG Ray belong in this divisional category
What is Fasten?
What is annually?
This IFRS standard addresses the impairment of Financial Assets, including Accounts Receivable.
What is IFRS 9?
An estimated or predetermined cost of performing an operation or producing a goods or service, under normal conditions.
What is Standard Cost
Transfer Pricing documentation needed to support I/C Services Costs
What is an intercompany agreement?