Managerial Accounting: Week 1 Assignment 1 Corriene Power ACC202: Principles of Financial Accounting Mr. Babawale Alao January 27‚ 2011 10 – 1 Identifying Financial versus managerial accounting characteristics a. Managerial Accounting b. Financial accounting c. Managerial Accounting d. Financial accounting e. Managerial Accounting f. Financial Accounting g. Financial accounting h. Managerial accounting i. Financial Accounting j. Managerial accounting 10-3
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electronic controls: Physical controls pertain to safeguarding of assets‚ and records that help protect the company’s assets. Mechanical and Electronic controls safeguard assets and help intensify the accuracy of and responsibility of the records in accounting. Physical‚ Mechanical‚ and Electronic controls are imperative which include examples such as Safes‚ and safety deposit boxes‚ storage cabinets that are used for inventory and records‚ pass key access in companies‚ alarms‚ television monitors‚ and
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300 Words on World Religion World religion is very important in many ways. For example‚ If we don’t know much about world religion‚ we might grow up to be totally belligerent to other peoples belief systems in the world. This would ultimately lead us to have many problems later in life‚ because we would have no idea how to deal with something that may be different to our life style and beliefs. Learning about world religion helps us by exposing us to things we might not be used to‚ and teaching
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Tyler Hames Managerial Accounting Case: A4-61 PROBLEM STATEMENT: Axis Systems specializes in servers for work-group‚ e-commerce and ERP applications. The company’s original job costing system has two direct cost categories: direct materials and direct labor. Overhead is allocated to jobs at the single rate of $22 per direct labor hour. The CFO recently spear headed the allocation issue of jobs and came up with an ABC system to compare to the traditional accounting system. Axis System has been
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ISSUES IN ACCOUNTING EDUCATION Vol. 18‚ No. 2 May 2003 pp. 137ñ173 The Tallahassee BeanCounters: A Problem-Based Learning Case in Forensic Auditing Cindy Durtschi ABSTRACT: You are auditing the books of the Tallahassee BeanCounters (TBC)‚ a minor league baseball team in Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received
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CHAPTER 1: EXERCISE 1-5 Asset Cash Equipment Supplies Accounts receivable Liability Accounts payable Notes payable Salaries and wages payable Stockholders’ Equity Common stock EXERCISE 1-6 1. 2. 3. 4. 5. 6. 7. 8. 9. Increase in assets and increase in stockholders’ equity. Decrease in assets and decrease in stockholders’ equity. Increase in assets and increase in liabilities. Increase in assets and increase in stockholders’ equity. Decrease in assets and decrease in stockholders’
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that they had done‚ something that Darius was not able to do during his lifetime. Although‚ in the end‚ the Persians won‚ it was not a victory of which they should have been proud. This is evident by the movie 300. This film came out to tell the amazing story of the Spartans who‚ as an army of 300‚ fought off thousands of Persians before they were eventually defeated. In his work‚ Herodotus‚ portrayed the Persians as a group that were devoted to the their leader‚ which is evident by them deciding to
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ACC 302 Project 02/28/2013 Ch. 12 a) P&G reported intangibles such as goodwill‚ brands‚ patents and technology‚ and customer relations on its 2009 financial statements and notes. b) Research and development costs were expensed in 2009 for $2‚044 and in 2008 for $2‚212. R&D costs were 2.6% (2‚044/79‚029) of sales revenue in 2009 and 2.7% (2‚212/81‚748) in 2008. In 2009 the R&D costs were 15% (2‚044/13‚436) of net income and 18 %( 2‚212/12‚075) in 2008. (in millions) Ch. 13 a) P&G’s short term
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Individual Assignment: Generally Accepted Auditing Standards Paper By: Stacy Munns ACC/ 491 Professor Richard Cochran Due: December 3‚ 2012 Introduction: History of Auditing It is stated that “Auditing is based on the assumption that financial statement data are verifiable.” (Boynton & Johnson‚ 2006) The real reason of auditing didn’t really come until “the advent of the Industrial Revolution‚ from 1750 to 1850‚ that auditing began its evolution into a field of fraud detection and financial
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Battle of the Last 300 Spartans (Battle of Thermopylae thər-mop-i-lee[->0]) The battle was fought around August 7th or September 8th‚ in the year of 490 B.C. It was fought by the alliance of the Greek city-states under the power of King Leonidas of the Spartans and the Persian Empire Xerxes. A force of 7‚300 Greek men marched to guard the passage of Thermopylae. King Leonidas heard that a force of Persian troops were marching to take the passage‚ which was vital to the Greeks. The passage
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