Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
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Case Study Presenting a case to a teacher is same as presenting it in front of a jury. You need to have structured and solid arguments to convince the jury (teacher‚ in your case) and prove your point. If you are an excellent lawyer‚ you can even convince the jury that your defendant is not guilty even if he is (not ethical‚ of course). The bottom line is: you need to structure your case analysis. Although every case analysis more or less follows the same pattern; there is a slight variation depending
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Corporation (SEC). He worked as a project engineer for the last 14 years but was given the opportunity to become a project manager from his boss Henry Larsen. The project name was Orion Shield which Gary’s boss was very excited about‚ as he believed the project would “take him to the top”. Gary soon would find out that even though he was a very good engineer‚ he was a horrible project manager almost costing the success of the project and the company as a whole. Gary could have avoided this by improving his
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four-year effort to organize Wal-Mart workers. But labor is escalating its efforts‚ and in an all-out assault on the discount retailer that has grown to nearly 100 stores in 20 states‚ the United Food and Commercial Workers Union has hired disaffected managers as organizers and created a radio show and Web site that lambaste Wal-Mart’s working conditions. The union tells Wal-Mart workers that it can increase their wages‚ which average less than $9 an hour and $18‚000 a year‚ and improve their health coverage
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The Role of Managers A manager of an organization has many roles within an organization. A manger can be seen as a leader who can identify change and recognize the many different ways to approach it. Some of the roles that a manager can play in the midst of changes are the director‚ navigator‚ caretaker‚ coach‚ interpreter‚ and nurturer (Palmer‚ Dunford‚ & Akin‚ Chapter 6‚ 2006). Each role has their individual perspective on the managing change. Similarly‚ each role has their individual perspective
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left him with the feeling that he had lost a "sense of manageable reality" which made him more aware of "elements like randomness and ambiguity and chaos." It is these feelings that DeLillo would later convey in the character of Nicholas Branch in Libra. Branch must come to terms with his own feelings of confusion and self-doubt while investigating the death of Kennedy and the conspiracy that surrounds it. DeLillo expresses these feelings of
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According to F. John Reh‚ a manager is the person responsible for planning and directing the work of a group of individuals‚ monitoring their work‚ and taking corrective action when necessary. Different types of manager responsible for different sections in a company. An operation manager responsible for the daily operation of company. Accounting section is supervise by an accounting manager. As there are various management functions in a business‚ hence a manager is responsible in planning‚ directing
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OB1 Case Study on Ethical Dilemma (Batch 17) You are the Divisional Sales Manager for a large hi-tech company in a very competitive industry. Your company sales volume is down for almost six months and your Director is putting pressure on you to increase the sales. You are in search for a topflight‚ experienced sales representative to add to your sales force‚ and you interviewed a prospective candidate. From the moment he walked confidently into your office‚ you felt that this
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Gossip Girls Case Study Synopsis: Four women from a New Hampshire town were fired from their town jobs due to spreading a rumor about the town administrator. From the facts given‚ the administrator was being gossiped about having an affair with another town employee. He complained to the town council‚ who launched an investigation. The council then fired the four women‚ all longtime employees‚ for spreading a rumor and refuses to have anyone of them reinstated. Two of the ladies will never be allowed
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Case Study Complete Case: Amgen Whistleblowing Read and write up an executive summary on the case‚ including answers to the following questions. 1. How did Amgen’s unethical behavior contribute to the problems with Medicaid kickbacks? 2. Why does the public consider this scandal to have an unethical dilemma? 3. Explain what is meant by whistleblowing? Include your opinions and identify any gaps between public expectations of ethical standards and universal professional codes of ethical
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