Table of contents Introduction 2 Discussion 2 Costing method & purpose of variance analysis 2 Key findings 3 Material price variance 3 Material usage variance 3 Labour rate variance 4 Labour efficiency variance 5 Variable overhead variance 5 Fixed overhead expenditure variance 6 Fixed overhead volume variance 6 Variable selling and distribution variance 6 Sales variance 7 Responding to publicity 7 Conclusion 8 Appendix 1: Key findings of variance analysis 9 Appendix
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Chapter 1 Accounting Information Systems and the Accountant INTRODUCTION WHAT ARE ACCOUNTING INFORMATION SYSTEMS? Accounting Information Systems—A Definition Accounting Information Systems and Their Role in Organizations CASE ANALYSES The Annual Report Universal Concrete Products Ross‚ Sells‚ and Young‚ LLP REFERENCES AND RECOMMENDED READINGS ANSWERS TO TEST YOURSELF WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS? Suspicious Activity Reporting Countering Terrorism Corporate Scandals and Accounting The
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STUDENT NO: …………………………... SEMINAR TUTOR …………………………... Introduction Accounting is concerned with providing both financial and non-financial information that will help decision makers to make good decisions. An understanding of accounting therefore requires an understanding of the decision making process and an awareness of the users of accounting information. The major purposes of accounting are to formulate overall strategies and long-run plans. Resource allocation decisions such
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University of Phoenix Material Role of Financial Accounting Versus Managerial Accounting Matrix Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines. Term or Concept Financial Accounting Managerial Accounting What is the primary purpose of the accounting system? The primary purpose is to produce forms portraying a company’s performance over a period of time
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Automation and Group Collaboration Software Office automation is the use of automated or electronic equipment for office operations‚ such as computers. Office automation includes the hardware‚ software‚ and network applications used to enhance office work. My company uses office automation for word processing‚ spreadsheets‚ databases‚ desktop publisher‚ presentations‚ email‚ internet browser‚ and financial systems. My company will purchase off-the-shelf software then upgrade to new version within
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Financial accounting and management accounting both prepare and analyze financial data. However‚ certain aspects of these two fields are very different. This article discusses the various differences between financial accounting and management accounting. The differing characteristics to be discussed include the users of information‚ the types of information‚ regulatory oversight‚ and frequency of reporting. Users of Information Financial accounting and management accounting provide information
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CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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important to understand the concepts of Financial accounting process in ERP using SAP. (At least one paragraph) Financial and Managerial Account is a part of financial accounting. Maintaining Payroll data‚ processing payroll‚ maintaining General ledger for a company and generating reports for external parties is part of Financial Accounting Module. Since SAP follows centralized data management system‚ the data maintained by SAP for accounting and payroll is correct and acquires data
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every activity that takes place in the school. School ERP software also contains several modules for specific functions which in turn comprises various other features. For example‚ admission module of the software would have features such as issuing online applications‚ short listing candidates according to marks and other credentials‚ scheduling interviews and communicating to the selected candidates. CampusCare - School ERP Software CampusCare provides high data visibility and tight control
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Perspective in Software Engineering Position Paper CHI 2004 One Day Workshop - Designing for Reflective Practitioners Orit Hazzan1 and Jim Tomayko2 1 Department of Education in Technology and Science‚ Technion - IIT‚ Haifa 32000‚ Israel oritha@tx.technion.ac.il 2 School of Computer Science‚ Carnegie Mellon University‚ Pittsburgh‚ PA‚ U.S.A. jet@cs.cmu.edu This position paper is based on our articles: Hazzan‚ O. (2002). The reflective practitioner perspective in software engineering
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