Managerial Accounting 10th of March Anhar Hardjakusumah Understanding Cost Concepts Cost Terminology Product (Manufacturing over(head+ direct labor and materials) and Period Cost (selling + administrative) Variable and Fixed Cost Direct and Indirect Cost Controlable and uncontrollable cost Differential (the difference between the cost of two alternative decisions) Marginal (the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of
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Crisis Management Cases Coca-Cola‚ Belgium Issue: On 14 June 1999‚ in a move that was to cost more than $200 million in expense and lost profits and cause damage to he brand image of the trade-marked products of The Coca-Cola Company (CCC)‚ the Belgian Health Ministry ordered that Coca-Cola trademarked products be withdrawn from the Belgian market and warned Belgians not to drink any Coca-Cola trade-marked products they had in their homes. Later‚ France‚ Luxembourg and The Netherlands also
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According to the Chartered Institute of Management Accountants (CIMA)‚ Management Accounting is "the process of identification‚ measurement‚ accumulation‚ analysis‚ preparation‚ interpretation and communication of information used by management to plan‚ evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders‚ creditors‚ regulatory
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effectiveness of Management accounting in aiding decision making. ******************************************************* Statement of the problem Does management accounting contribute positively to the financial performance of the organisation? Main research problem The research aims to evaluate the role of management accounting in contributing to the decision making process and financial position of the company. Sub-Problems of the research Modifications of management accounting in the current
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Case Study Analysis The scenario in case C presents a dilemma for the manager David‚ in which he needs to determine essentially whether the greater good of the business unit should outweigh the promotion of one of its key members. This is rather ironic due to the fact that managers typically have more difficulty identifying promotional opportunities for their employees than impeding them. David is under significant pressure to perform and the obstacles are stack against him‚ poor market situation
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CHAPTER 1 MANAGEMENT ACCOUNTING: INFORMATION FOR CREATING VALUE AND MANAGING RESOURCES ANSWERS TO QUESTIONS 1.1 There are several possible answers to the question. QANTAS‚ the national airline of Australia‚ has faced a number of changes to the business environment in recent years‚ including deregulation of the domestic aviation industry. This resulted in increased competition as new firms attempted to enter the industry. The most notable of these was two failed attempts by Compass to succeed
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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Homework Week 2 Exercise E1-1 SEC – K Audit – G Sole Proprietorship – I Corporation – E Accounting – A Accounting Entity – D Audit Report – J Cost Principle – F Partnership – C FASB – L IASB – H Unit of Measure – B GAAP – N IFRS – M E1-2 Accounts receivable – Asset Cash and cash equivalents – Asset Net sales – Revenue Notes payable – Liability Taxes payable – Liability Retained earnings – Stockholders’ Equity Cost of products sold – Expense Marketing‚ administrative
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Foreign Trade University Faculty of Business Administration Department of Management & Human Resource Module: Management (QTRE303) Lecturer: Ngô Quý Nhâm Email: quynham@gmail.com Case Application (Motivation) SEARCHING FOR? It gets more than 3‚000 applications a day.96 And it’s no wonder! With a massage every other week‚ onsite laundry‚ swimming pool and spa‚ free delicious all-you-can-eat gourmet meals‚ what more could an employee want? Sounds like an ideal job‚ doesn’t it? However
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CHAPTER 2 21. Generally accepted accounting principles a. are fundamental truths or axioms that can be derived from laws of nature. b. derive their authority from legal court proceedings. c. derive their credibility and authority from general recognition and acceptance by the accounting profession. d. have been specified in detail in the FASB conceptual framework. 22. A soundly developed conceptual framework of concepts and objectives should a. increase financial statement users’
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