Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
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A Student’s Dilemma To cheat‚ or not to cheat‚ this is the question that Helen Kanell must answer. Helen has been a great student throughout her college career maintaining a 4.0 grade point average. However‚ nearing the end of college‚ Helen’s grades have slipped due to added responsibilities by Beta Alpha Psi‚ the accounting student honor society‚ to which she is the president. Helen’s best friend notices that she is struggling and wants to help her out‚ so she steals a copy of the final exam
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Case Study M‚ a 24-years-old pregnant woman who is been in a tragic car accident‚ with no previous history of chronic medical illnesses she presented to the emergency department unconscious. she suffered from intracranial hemorrhage which led to irreversible loss of all her brain and brainstem function. After performing a clinical examination to test her brainstem reflexes and apnoea‚ her neurologist declared her brain-dead after showing the three neurological criteria which are coma‚ apneoa and
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material resources to the organization. Managers are required to do planning‚ organizing‚ commanding‚ coordinating and controlling. Fayol’s theory of a management function which is the POCCC allows the organization to have more effective and efficient in goods and services than other competitors. The dynamic and complex work of a manager is based on interpersonal‚ informational and decisional roles. Given the above roles according to Henry Mintzberg‚ the managers are placed in different areas to perform
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An Ethical Dilemma Aker & Aker is one of the top five accounting firms in the United States. It is providing multiple accounting services in personal money management and corporations. Jack had been working under Aker & Aker for over 17 years since he graduated from school. He has devoted most of his time (60-70 hours) in order to become a great supporter in the company‚ and no one can deny that he work hard more than anyone else. Jack’s colleague‚ Carla‚ who is also a great accountant‚
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Self-reflection report of learning ‘The Effective Manager’ Author & Student No. Jie Guo 03072117 Module lecture: Sue Anderson Module Code: MBSP 0410 Word count: 1749 Content Page 1. Introduction 3 2.1 Time Management 3 2.2 Communication 4 2.3 Decision Making 6 3. Conclusion 7 4. Reference
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ETHICAL DILEMMA DYNAMITE BUSINESS GROUP (DBG) Maame Akosua Mante Appawu Gifty Paditey Paterah B.Haruna Mark Fuachie-Sobreh Thelma Adjei Elvis Asiedu Frimpong Jerry Adjin-Tettey Adu-Gyamfi Kwabena Roberta Sarkodee Group Photograph Lies Defined 1) To make a statement that one knows to be false‚ especially with the intend to deceive. 2) To give a false impression. 3) Anything that gives or is meant to give a false impression. 1. Is it ever okay to lie in business? Although other schools
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The Dilemma of an Accountant Studying the ethic case the dilemma is whether Dan Potter‚ who was assigned to an audit assignment should go by the audit and guidelines or whether he should disregard the ethical standards and continue to follow the instructions of his immediate boss. Dan Potter is working as a staff accountant at Baker Greenleaf. Dan final had an opportunity on first major audit assignment. This assignment required him to work under the supervision of his senior‚ Oliver Freeman‚ on
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message sent by one person has been receveid and undertstood by another person Reasons Managers Communicate • Pass on and receive information • Establish and maitain relationships • Tell people what they are expected to do and help them learn • Give feedback and crticism • Encourage‚ motivate and influence • Help others solve problems and develop actions plans • Work with others to come up with new ideas How to get your message across (1) • Know your audience • Know what you want to say and why you
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Managers make many decisions every day. Thankfully there are many tools available to a manager as they make these decisions. Tiffany is a General Manager of a franchise in the quick service restaurant industry. She is faced with decisions dozens of times in one day. A large portion of the decisions that she is faced with are made to solve structured problems‚ however‚ sometimes an unstructured problem does arise that she needs to address. As well as solving problems Tiffany must also make plans to
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