14 Accounting publications and research in twentieth-century Japan1 14.1 Introduction Japan’s interest in modern accounting began in the late nineteenth century with Alexander Shand [1844–1930].2 The Japanese translation of Shand’s (1873) Bank bookkeeping proved to be so important that his system of bank accounting became legally obligatory for the newly established banking system of the Meiji era. In the same year‚ Fukuzawa (1873–74) published a Japanese translation of Bryant and Stratton’s (1871)
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CHAPTER 7 FLEXIBLE BUDGETS‚ DIRECT-COST VARIANCES‚ AND MANAGEMENT CONTROL 7-1 Management by exception is the practice of concentrating on areas not operating as expected and giving less attention to areas operating as expected. Variance analysis helps managers identify areas not operating as expected. The larger the variance‚ the more likely an area is not operating as expected. 2. Two sources of information about budgeted amounts are (a) past amounts and (b) detailed engineering studies
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period =3 + 0.167 = 3.1367 years = 3yrs 2 mos. III. Accounting Rate of Return A machine costs $500‚000 and is expected to yield an after-tax net income of $15‚000 each year. Management predicts this machine has a 10-year service life and a $100‚000 salvage value‚ and it uses straight-line depreciation. Compute this machine’s accounting rate of return. Average investment =$500‚000 + $100‚000 / 2 = $300‚000 Accounting rate of return
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Horngren‚ C.T.‚ Datar‚ S.M. and Foster‚ G. (2003) Cost Accounting - A Managerial Emphasis‚ Pearson Education‚ Inc.‚ New Jersey‚ Eleventh Edition CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-1 The five steps in the decision process outlined in Exhibit 11-1 of the text are: 1. 2. 3. 4. 5. Obtain information Make predictions about future costs Choose an alternative Implement the decision Evaluate performance to provide feedback 11-2 Relevant costs are expected future costs that differ
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Chapter 16 “How Well Am I Doing?” Financial Statement Analysis Solutions to Questions 16-1 Horizontal analysis examines how a particular item on a financial statement such as sales or cost of goods sold behaves over time. Vertical analysis involves analysis of items on an income statement or balance sheet for a single period. In vertical analysis of the income statement‚ all items are typically stated as a percentage of sales. In vertical analysis of the balance sheet‚ all items are typically
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Chapter 7 Study Questions 1. What is meant by the term service breakdown? a. the product or service selivered fails to meet customers expectations 2. What causes customers to become dissatisfied? a. when a product or service fails to meet the customers wants or need or does not live up to advertised promises or standards. 3. What can you use to deal with angry customers? a. be positive b. acknowledge the customer’s feeling or anger c. reassure d. remain objective
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Based on chapter 7‚ when some of us think about the word disability‚ we think that it involves people with a physical impairment. According to chapter 7‚ Invisible Disabilities‚ “A blue wheelchair symbol is the universal code for one having a disability that limit their mobility (pg. 168).” So‚ I agree with the chapter in that I’ve only known people to have a disability as being a visual deficiency‚ but this is not true anymore. As a result‚ the ADA presented a survey‚ and it was discovered
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Solution to Problem 7-13 1. Computation a. Unit product cost under absorption costing Per unit Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.50 Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.00 Variable manufacturing overhead . . . . . . . . . . . . 1.00 Fixed manufacturing overhead . . . . . . . . . . . . . . . 10.00 Unit product cost . . . . . .
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Chapter 6 IN SUNNY SPAIN(1882-1885) * Rizal’s Secret Mission To observe keenly the life‚ culture‚‚ languages and customs and laws of the European nations in order to prepare himself in the mighty task of liberating his people. - Djemnah with 50 passengers on board * Secret Departure for Spain Paciano‚ uncle Antonio Rivera‚ his sisters (Neneng and Lucia)‚ The Valenzuela family‚ Pedro Paterno‚ Mateo Evangelista‚ Chengoy and the Jesuit priest * May 3‚ 1882 - departed
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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