Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a –
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Product costing systems in modern manufacturing organisations Product costing refers to the process of assigning shared direct and indirect costs to individual products‚ customers‚ branches or other cost items. (USAID‚ 2007) Product costing is also referred to as assigning costs to inventory and production based on the expenses that go into producing or buying inventory. It is an important process for manufacturers that helps improves management information on products and helps managers and the
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There are many advantages of Nike being a multinational company such as multinational products and services provide the best possible standards. Because in a foreign country‚ Since customers are willing to spend their money on the best products‚ the multinational companies need to keep the strong competitors at bay so they must to produce really high standard goods. Secondly‚ multinational corporations play a big role in creating employment in the foreign countries. Because of their many shops ‚
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Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability to apply
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American Home Products Corporation Symbol : AHP NYSE : AHP Business Description : American Home Products (AHP) is one of the largest pharmaceutical companies in the world‚ based in Madison‚ New Jersey‚ USA. American Home Products is a corporation involved in the production and marketing of over 1500 consumer goods allocated among four distinct business lines. AHP is a company with virtually no debt and an impressive amount of cash in its balance sheet. The company is characterized by its
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RnRCompanyProfiles.com offers “OCEAN SYSTEM CORPORATION – Company Capsule” report published in Feb 2014. This report is of 27 pages and available starting US $ 99 for a single user PDF license. Order it now at http://www.rnrcompanyprofiles.com/contacts/purchase?rname=61352 . Synopsis Researcher’s “OCEAN SYSTEM CORPORATION – Company Capsule” contains in depth information and data about the company and its operations. The profile contains a company overview‚ key facts‚ major products and services‚ financial
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Contents Summary of Case 1 Question: 2 Answer: 3 Summary of Case Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather‚ it relies completely on independent sales agents to market its products. These agents are paid a commission of 15% of selling price for all item sold. The company’s budgeted income statement for next year follows: Pittman Company Budgeted Income Statement For the Year Ended December
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Enterprise data management is a system to Manage Electronic Data by providing control and security (CPD notes‚ 2005) In today’s connected world‚ data and the systems that manage data must always be available to your customers and your staffs. Enterprises and their customers lack of sharing the up-to-date data has becomes increasingly problematic with the increased amount of data that must pass through the different business organisation. EDM organizes and automates much of this‚ allowing people
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a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important
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