ADM 4342 Seminar in Accounting Theory Turn OFF all cellphones! Once class commences‚ Computers should only be used for class work! You have a responsibility to make the classroom environment respectful and conducive to learning. Course Outline Introduction to Accounting Theory What does Accounting “Theory” mean? Defining “Theory” (Webster’s New Collegiate Dictionary) 1. A plausible or scientifically acceptable general principle or body of principles offered to
Premium Stock market Economics
On current term where technology and system is information has wented places that so quick‚ have revamped each’’’s transaction processing finance transactions of earlier one manual to process computerised one. This causes a lot of entitas carries on business to have gets to conform to that change. Since that change have made environmentally emulation at any given industry gets competitive‚ where if an entitas not at support by good Information System therefore entitas that won’t get to get long-lasting
Premium Cash Cash flow Internal audit
large retailers. The line consists of three models of DVDs. The following data are available regarding the models: DVD Selling Price per unit Model LX1 Model LX2 Model LX3 $175.00 $250.00 $300.00 Variable Cost per unit $100.00 $125.00 $140.00 Demand/Year Units 2000 1000 500 VCI is considering the addition of a fourth model to its line of DVDs. This model would be sold to retailers for $375. The variable cost of this unit is $225. The demand for the new Model LX4 is estimated to be 300 units per year
Premium Variable cost Costs
Uniformity and Disclosure Choice among accounting methods Uniformity ◦ Relevant circumstances ◦ Nature of finite and rigid uniformity and flexibility ◦ Extent that standards are using finite uniformity‚ rigid uniformity‚ or flexibility Disclosure Items providing important information to users Minimizing agency costs Signaling information that management wants to send to outside parties Attempting to “influence” outside parties Comparability
Premium Annual report Financial statements Balance sheet
Decision Making 13.3 Types of Costs 13.4 Types of Choices Decisions 13.5 Make or Buy Decisions 13.6 Addition / Discontinuance of a Product line 13.7 Sell or Process Further 13.8 Operate or Shut down 13.9 Exploring New Markets 13.10 Maintaining a desired level of profit 13.11 Summary 13.12 Terminal Questions 13.13 Answers to SAQs and TQs 13.1 Introduction In the previous unit we learnt about Marginal Costing. Marginal costing is the ascertainment of marginal cost and of the effect on profit
Premium Costs
earnings quality since net income does not representatively portray the economic performance of the business entity for the period. Income smoothing relies not on falsehoods and distortions but on the wide leeway existing in alternatively accepted accounting principles and their interpretations. It is conducted within the structure of gaap. In effect‚ it redistributes income statement credits and charges among periods. The prime objective is to moderate income variability over the years by shifting
Premium Revenue Income statement Generally Accepted Accounting Principles
Models and Theories of Change Review LDR/515 Week 2 Models and Theories of Change Review New technological advances have changed the way organizations are preparing for the future. Management must focus on the human implications resulting from the implementation of new technology and be prepared for resistance and human implications resulting from technological changes. The way management
Premium
Name: University: Course: Tutor: Date: Are the company’s prices and costs competitive? The pricing system as well as cost deployed by an organization contributes to a large part in its competitive edge. Notably‚ in the current competitive world meticulous consideration is crucial in both pricing and costing on either products or services. Considering pricing as well as costs in Xerox‚ an organization dealing in consumer printer‚ aggressive approach is noticeable in the techniques utilized to
Premium Inkjet printer Cost Price
unlocked door during business hours (none after hours)‚ safe lock all | |devices (computers‚ phones‚ and PDA devices)‚ and physical access controls must be cost-effective. Access | |to the wiring used in the org’s LANs needs to be restricted in order to prevent wiretapping. Firewall: | |behind the border router (connects an orgs information system to the internet)‚ and is either a | |special-purpose hardware device or software running on a general-purpose computer. The demiliarized
Premium Audit Backup Access control
specific member; the ballots get tallied and sent to the U.S. Electoral College where the electors select the President and Vice President. These elections are thrilling pieces of American History. They are historical markers for shifts of leadership and thinking in the United States. The 1968 presidential race was no exception because it was most likely one of the most exciting elections to date. It had more controversies and tragic events then ever witnessed before. There was violence‚ death‚ war
Premium Lyndon B. Johnson Richard Nixon Hubert Humphrey