Question: 1 Mini Project topic: Introduction to Management Accounting. You are the person in charge of the management accounting department of a manufacturing company. You are required to mentor your junior of the r staff on the essentials of the management accounting in the following areas: (Note: you may need to create an illustration to elaborate the following matters). (A) Explain how to cost can be classified by their behaviour‚ with particular reference to the effects both on total and
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INFORMATION FOR CANDIDATE 1. This exam is worth 50% of the overall semester assessment. 2. The total number of marks available for this exam is 100%. 3. This exam paper contains FIVE (5) questions in THREE (3) pages excluding the cover page. INSTRUCTIONS TO CANDIDATE 1. Answer all questions. 2. Write all your answers in the answer booklet provided. 3. If you make a mistake please put a single diagonal line through the section you wish to be ignored by the examiner. 4. Return all exam
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Technologies Impact on Accounting Many advances in the accounting profession have been brought into the business world‚ starting when the Accounting Information Systems “AIS” was introduced. In today’s accounting profession it is difficult to imagine accountants balancing debits and credit on general ledgers‚ and posting transactions by hand. Everything can now be done with a computer‚ instead of by hand. The new technology of accounting is important‚ because it gives managers the opportunity
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people should live by in their everyday lives. Within the world of business especially though‚ ethics play a huge role. Having bad ethics in the work of business can seriously damage a person’s firm and ultimately ruin their career. In the field of accounting‚ ethics are most important in order to be a successful account that is looked up upon. This can be due to the fact that accountants work very closely with their clients and on a personal level too. There are a set of principles‚ or rules that accountants
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online in Wiley InterScience (www.interscience.wiley.com). DOI: 10.1002/bse.395 ENVIRONMENTAL ACCOUNTING: AN ESSENTIAL COMPONENT OF BUSINESS STRATEGY Mehenna Yakhou*1 and Vernon P. Dorweiler2 1 2 Georgia College and State University‚ USA Michigan Technological University‚ USA Environmental accounting is on an expansion path. With increasing social focus on the environment‚ accounting fills an expectation role‚ to measure environmental performance. The status of environmental awareness
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Accounting Speech By Jill A. DeBonis American InterContinental University Online Abstract In this essay I hope to explain the more common terms used in accounting. A small biography of why I love accounting. And how technology (computers) has helped create a much easier way of life for accountants. Accounting Speech What is the definition of an accountant? Someone who solves a problem you did not know you had in a way you don’t understand (n.a. 2011). Does that sound about right for
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INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books
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Abstract: Creative accounting is a practice of accounting following the certain rules of it‚ but it is fluctuated from the basic spirit of those rules. Creative accounting is the ‘colorful’ representation of a company’s assets‚ liabilities and income. It is basically done to attract investors. The example of ‘the half glass of water’ maybe pulled to explain the idea. If a glass is filled with water to its half volume‚ then instead of saying ‘it is half empty’‚ the creative accountants prefer
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Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con¬cerned with providing information to stockhold¬ers‚ creditors‚ and others outside of the organi¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: Five examples
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What is Forensic Accounting? The integration of accounting‚ auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic"‚ according to the Webster’s Dictionary means‚ "Belonging to‚ used in or suitable to courts of judicature or to public discussion and debate." "Forensic Accounting"‚ provides an accounting analysis that is suitable to the court which will form the basis for discussion‚ debate and ultimately dispute resolution. Forensic Accounting encompasses both
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