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
Premium Balance sheet Generally Accepted Accounting Principles International Financial Reporting Standards
Office Art Memo Rodolfo J. Nodal Prof. R. Henry HUM112 11/11/13 Abstract The following essay will identify three examples of each‚ 19th century Impressionist and Post-Impressionist paintings and seeks to explain how these works fall into the two distinct styles. I we will explain to my boss‚ who has assigned me the task of managing the art budget and selecting six works to be displayed at the new corporate office‚ the historical significance of each piece‚ a
Premium Impressionism Claude Monet
Corporate Characteristics Proposal Katherine Collinge‚ Moses Gatson‚ Tanya Mueller‚ and Terri Sturgeon University of Phoenix ACC/363 Financial Accounting II Bob Wells April 27‚ 2009 Corporate Characteristics Proposal Introduction here Various Forms of Business Organizations Before starting a new business‚ several decisions such as its legal structure must be made first. Five basic entity types exist in which to structure a business. These types consist of sole
Premium Corporation Limited liability company Types of companies
Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
Premium Net present value Internal rate of return Cash flow
Cover Memo Writing this essay took a lot of thinking and finding notes. A lot of information were needed in order to have good back up to the opinions said. So many things are written on this “Free education” topic and you could go on and on about so many things involving this topic. Organizing this whole essay was a challenge but with the help of my colleagues and professor‚ I was able to write my essay and not stress so much about how I can organize it the way it would make sense. Writing my thesis
Premium Writing Essay Paper
Chapter 2—The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis TRUE/FALSE 1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment. ANS: F PTS: 1 DIF: Medium REF: 36 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment 2. The external environment facing business stays relatively
Premium Environment Environmentalism Management
Merav Nissim HRM/531 March 12‚ 2015 James Scholes Performance Management Plan Memo To: Bradley Stonefield- Landslide Limousine From: Merav Nissim Date: March 17‚ 2015 Re: Performance management plan Traci‚ here is the performance management framework that you asked for‚ which I recommend to Landslide Limousine. Alignment of performance management framework Alignment of performance management is the state in which the total company is working together to accomplish business goals. Achieving alignment
Premium Management Strategic management Organization
between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
Premium Generally Accepted Accounting Principles
Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
Premium Balance sheet Business Asset
Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
Premium Costs Cost