To: From: Subject: Case S2-1 assignment Date: Memo I watched How It’s Made and chose to tell you about artificial limbs. Job order costing is appropriate to use since artificial limbs are specially made for certain people of all different shapes‚ sizes and colors so each limb is unique. This company would need a cost system because there are many different steps needed to create the limb. A manager would need to decide how much each individual person who spent time making the limb would
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Analyse how this will affect the New Zealand film industry and New Zealand society. Warner Brothers‚ one of Hollywood ’s most famous studios‚ was founded in 1923 by four actual brothers: Jack‚ Sam‚ Harry & Albert Warner. On April 4‚ 1923‚ with help from a loan given to Harry Warner by his banker Motley Flint‚ they formally incorporated as Warner Bros. Pictures‚ Inc. I believe that production of H0bbit movie is benefit for New Zealand economy and New Zealand Government provide that incentives to
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The objectives of accounting : 1) To keep systematic records: Accounting is done to keep a systematic record of financial transaction. In the absence of transaction there would have been terrific burden on human memory which in most cases would have been impossible to bear. 2) To protect business properties: accounting provides protection to business properties from unjustified and unwarranted use. This is possible on account of accounting supplying the following information to the manager
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Financial Accounting vs Management Accounting Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning‚ controlling and decision making. Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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What is Forensic Accounting? The integration of accounting‚ auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic"‚ according to the Webster’s Dictionary means‚ "Belonging to‚ used in or suitable to courts of judicature or to public discussion and debate." "Forensic Accounting"‚ provides an accounting analysis that is suitable to the court which will form the basis for discussion‚ debate and ultimately dispute resolution. Forensic Accounting encompasses both
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HomeWork Week 4 3.2 If a problem is discovered during the budgeting process the manager will be able to create a different plan‚ which will allow them to avoid the problem. 3.12 Predicting anticipated cash shortages is vital for a business. Budgeting allows us to gain an understanding of when these cash shortages might arise and how to best manage them. For example predicting a cash shortage ahead of time will allow applications for loans to be made and hopefully approved depending on current
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Introduction In our coursework group assignment‚ our group had chosen the Apollo Food Holdings Berhad which is listed on the main board of the Bursa Kuala Lumpur. Apollo Food Holdings Berhad is a Malaysia-based company engaged in investment holding and provision of management services. Its own subsidiaries are Apollo Food Industries (M) Sdn Bhd‚ which is engaged in manufacturing and trading in many compound such as chocolates‚ chocolate confectionery products and cakes. The company is manufacturing
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The difference between multimedia from textual data is multimedia is The use of computers to present text‚ graphics‚ video‚ animation‚ and sound in an integrated way while textual data and images is a part of multimedia which will be presented Multimedia is the field concerned with the computer-controlled integration of text‚ graphics‚ drawings‚ still and moving images (Video)‚ animation‚ audio‚ and any other media where every type of information can be represented‚ stored‚ transmitted and processed
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Cost accounting deals with ascertainment ‚ allocation ‚ apportionment accounting aspect of costs.Management accounting deals with the effect and impact of costs on the business. 2. Cost accounting provides a base for management accounting whereas management accounting is derived from cost accounting and financial accounting. 3. Cost accounting does not include financial accounting ‚ tax planning and tax accounting. Management accounting includes financial and cost accounting ‚ tax accounting
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