1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
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• Accounting is the system that measures business activities and process information into reports. • Accountant maintain‚ audit and prepare financial records for a person or a company. • Main careers in accounting - bookkeeper‚ auditor‚ financial advisor‚ taxation‚ carbon accountant and accountant etc… • Bookkeeping is recording financial recorders and summaries of financial transaction. Accounting is measuring business activities and process information into reports. • Main professional accounting
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CHAPTER 5 PRODUCT AND SERVICE COSTING: A PROCESS SYSTEMS APPROACH LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Describe the basic characteristics of process costing‚ including cost flows‚ journal entries‚ and the cost of production report. 2. Describe process costing for settings without work-in-process inventories. 3. Define equivalent units‚ and explain their role in process costing. 4. Prepare a departmental production report using the FIFO method
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ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014 / 2015 Page 1 / 69 NOVA SCHOOL OF BUSINESS AND ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014-20151 I - Introduction to Management Accounting Exercise 1 Exercise 2 Exercise 3 Exercise 4 Exercise 5 Exercise 6 - The MA Company - The Alimentar Company - The Alfa Company - The Metalex Company - The Reparadora Company - The DoceAroma Company II - Inventory Valuation and Profit Measurement Exercise 7 - The Beta Company
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Part A: DIFFERENCES BETWEEN MANAGEMENT ACCOUNTING & FINANCIAL ACCOUNT 1. Managerial Accounting: The activity involves ‘decision making’ whether to purchase parts already assembled or individual parts. 2. Financial Accounting: It shows that the President is reminding Aminah to prepare a presentation stating an income statement and balance sheet information for last year‚ which the information already exist. 3. Managerial Accounting: Planning‚ controlling‚ evaluating and continuous
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23rd Wedn.‚ Feb. 25th Mon.‚ Mar. 2nd Simulation & Case Info Business Level Strategy Cases‚ Case Analysis Chapter Chapter 6 Reflection Paper 1 Corporate Level Strategy Chapter 8 Quiz (Chapters 6&8) Organizational Design & Culture Strategic Leadership & Process Exam 2 Chapter 11 Wedn.‚ Mar. 4th Mon.‚ Mar. 9th Wedn.‚ Mar. 11th Team Meetings Chapter 2 Quiz (Chapters 2&11) Chapters 2‚ 6‚ 8 & 11 Practice Round 1 due by 5pm on Sunday‚ the 8th Capstone Practice Review
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Bone tissue chapter 7 mastering A&P 1. what shape is the patella -sesamoid (short bone) 2. Bones do not have a role in -glycogen production 3.skull-flat bone humerus-long bone ribs-flat bone spine- irrgular bone phalanges-long bone patella-sesamoid short bone tarsals- short 4. yellow bone marrow contains a large percent of? -fat 5. in adults‚ yellow marrow is located? -in the medullary cavity of the long bone 6.osteblast -forms new bone 7.the hardness of bone is
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Module 7 Homework Module 7 Homework Steven McCord Allied American University Author Note This paper was prepared for COM 120‚ Module 7 Homework taught by Katherine Tracy. Part 1 My audience consists of young parents‚ people not so fortunate with money and people on a fixed income. Are you nervous‚ anxious‚ or moody? Do you feel sad and often become frustrated over little things? Are you forgetful due to the fact that you have trouble keeping things straight and thinking clearly
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Exercise 11-1 (10 minutes) 1. 2. 3. Exercise 11-2 (10 minutes) Average operating assets £2‚200‚000 Net operating income £400‚000 Minimum required return: 16% × £2‚200‚000 352‚000 Residual income £ 48‚000 Exercise 11-3 (20 minutes) 1. Throughput time = Process time + Inspection time + Move time + Queue time = 2.8 days + 0.5 days + 0.7 days + 4.0 days = 8.0 days 2. Only process time is value-added time; therefore the manufacturing cycle efficiency
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manufacturing overhead cost incurred $38‚000 Actual direct labor hours worked 18‚500 The under‑ or overapplied overhead for the year was: 1. $1‚000 underapplied. 2. $1‚000 overapplied. 3. $3‚000 underapplied. 4. $3‚000 overapplied. 6. Krumbly Company uses the FIFO method in its process costing system. At the beginning of the month‚ Department D’s work in process inventory contained 2‚000 units.
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