Week Two Read Me First MANAGERIAL BUDGETING Introduction This week covers the various cost descriptors such as fixed‚ variable‚ direct‚ indirect and the budget cycle. We will discuss applying cost-benefit analysis to an organizational situation and how it is used at different levels of public budgeting‚ governmental‚ and non-profit accounting. We will discuss line item budgeting‚ program budgeting‚ and performance budgeting This Week in Relation to the Course In the first week we
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Concept Analysis: Stress Yamilet Diaz BSN RN University of Miami Concept Analysis: Stress In today’s society‚ we often use the term stress to explain how situations cause us to feel tension or worry. If you were to ask a group of people to describe stress‚ they may each have a different interpretation of the word. The reason for this is that stress is very subjective‚ which causes individuals to deal with stress very differently. Stress can cause or impact the course of many medical conditions
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Tumbling Managerial Accounting Unit 2 IP January 24‚ 2013 Abstract In this discussion essay we will be discussing managerial accounting and the difference from cost accounting. We will learn what the lean production philosophy is. We will also go into depth about the difference between accounting principles in lean production to those of typical production. And lastly‚ we will discuss how to advise our Chief Administrator to prepare for a reduced budget. Managerial Accounting Managerial and
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Integrating Instructional Technology Technology is everywhere. All around us we have cell phones‚ computers‚ laptops‚ televisions‚ DVDs‚ CDs; the list can go on forever. Now‚ we can even incorporate technology into the classroom‚ which only seems appropriate with the times we are in. The evolution of technology continues to sky-rocket to new levels every day. But what types of technology can we use in the classroom? The most common technological devices seen in many classrooms are the overhead
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The analysis of marketing concept Marketing nowadays has occupied a more and more important position in organisations‚ even in the world ’s economics. The success of an organisation may deeply affected by marketing. Inevitably‚ some arguments are formed along with the marketing development‚ such as ’it is argued that the marketing concept is a force‚ which should pervade the whole organisation and as such is an integral part of the strategic management process ’. In this article‚ I would like
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1) How do organizations cope with/postpone prospered obsolescence of managerial personnel. How do organizations cope with/postpone prospered obsolescence of managerial personnel. Discuss the role of leadership in the process. Explain with an example from an organization known to you. Please describe the organization briefly Obsolescence of managerial personnel is a situation where managers cannot keep up with the latest technology or are not as well-qualified as more junior staff Postponement
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This is an introductory case‚ and yet it introduces a powerful new approach for building an ABC model. Considerable theory is illustrated in how we build the Sippican time-driven ABC (TDABC) model. Also‚ the (B) case introduces an important link‚ previously recognized but not exploited‚ in how to embed an ABC model into the budgeting process‚ replacing line-item budgeting with an integrated‚ analytic approach. The case discussion provides insight and confidence about the feasibility of building a
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COST-VOLUME-PROFIT ANALYSIS(CVP) Definition of Cost Accounting A type of accounting process that aims to capture a company’s costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Definition of Cost-Volume Profit Analysis A method of cost accounting used in managerial economics. Cost-volume profit analysis is based upon determining the breakeven point of cost and volume of goods. It can be useful for
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1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SG&A - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an “inventoriable cost” ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SG&A (Selling‚ General & Administrative) are
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“Concept clarification is an important step in developing useful and useable knowledge in nursing science.” (Tofthagen‚ 2010). Within the home health field of nursing‚ one of the major and most significant concepts is “team” work. “Simply stated‚ concept analysis incorporates a method or approach by which concepts that are of interest to a discipline are examined in order to clarify their characteristics or attributes” (Cronin‚ 2010). Within a home health care team there are; Registered Nurses
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