Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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conspicuously Chinese inspired but her own preferences are much align with Eastern philosophies. As a self-proclaimed “designer” rather than “architecture”‚ much of Lin’s work is Minimalistic in nature. This can be seen in the multi-media art piece “What is missing” which focuses on Lin’s concern about the environment and man’s relationship to it. The outdoor sculpture is
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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Explain the difference between absolutist and relativist ethics. The Absolutist theory is the theory that certain things are right or wrong from an objective point of view and cannot change according to culture. Certain actions are intrinsically right or wrong‚ which means they are right or wrong in themselves. This is also known as deontological. The relativist theory is the theory that there are no universally valid moral principles. All principles and values are relative to a particular culture
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As I read the article “Positive Links Hope and Happiness” by Jerry Lopper‚ my minds starts to wonder. What am I thinking about? I am wondering about the word “Hope.” I always say this to myself: without hope there would not be life. The article is about the function of hope in happiness‚ how hope and optimism are related‚ and how hope can determine academic success. In addition‚ the article also states that hope can be learned. Psychologist researchers study the role of hope in happiness. The psychologist
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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1. INTRODUCTION Ethics has been perceived as one of the most important factors in establishing good corporate governance. Information Technology (IT) plays an increasing role in helping modern organizations to achieve their goals‚ and it has become critical in creating and implementing effective IT governance mechanisms. The increased use of information technology has raised many ethical issues for today’s IT professional.– Licensing of IT professionals – Internet communication – Intellectual
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Ethics in Business BUS670: Legal Environment Instructor: Leah Westerman November 25‚ 2013 Introduction Ethics means different things to different people‚ but basically it is all about being wrong and right. In business making ethical decisions should always be considered first‚ as well as the law. Culture is important within any company. It involves your perception of attitudes‚ values‚ and standards of conduct within a business. Ethical situations arise every day in business
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Critical Thinking and Ethics Glennetta Green ETH 316 September 29‚ 2014 Kevin Forsberg Critical Thinking and Ethics Critical thinking is a concept that is derived from the application of the cognition toward the separation of the most likely when one is presented with a set of possibilities‚ while ethics is used in reference to the perception of what is right or wrong in a defined situation (wisegeek.com). A relationship between critical thinking and ethics can be seen in the sense that
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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