Managerial and Financial Accounting ACCT/300: Principles of Accounting April 9‚ 2008 Managerial and Financial Accounting This paper will attempt to differentiate between managerial and financial accounting‚ the users of managerial and financial accounting and what type of business decisions would be made with the information. Managerial Accounting Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations
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Ethics in Accounting • • • • • • • • Systematic body of theory and knowledge Extensive education process for its members Ideal of service to the community High degree of autonomy and independence Code of ethics for its members Distinctive ethos/culture Application of professional judgment Existence of a governing body Attributes of a profession • Service ideal • Market control view The service ideal vs. the market control view Accountants work in: • private companies
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basic code of conduct that defines what it means to act as a professional. A professional firm can look to a number of sources for key principles of ethical conduct to emphasize in its practice. 2. Analyzing Ethical Situations Discussions of case studies that apply ethical standards to common workplace situations can be particularly effective‚ since professional conduct and ethical behavior depend on the good judgment of individuals in what are often complex‚ challenging‚ and ambiguous real-life
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1.0 Introduction According to The Environment Agency in the United Kingdom (2006)‚ Environmental Accounting can be defined as: “The collection‚ analysis and assessment of environmental and financial performance data obtained from business management information systems‚ environmental management and financial accounting systems. The taking of corrective management action to reduce environmental impacts and costs plus‚ where appropriate‚ the external reporting of the environmental and financial
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Journal of Business Finance & Accounting‚ 32(3) & (4)‚ April/May 2005‚ 0306-686X Discussion of Accounting‚ Valuation and Duration of Football Player Contracts JOHN FORKER* Investment by football clubs in player contracts provides a natural experiment to evaluate the mandated accounting requirement that purchased intangible assets must be capitalised (ASB‚ FRS 10‚ 1997b). The study is well grounded for three reasons. First‚ the availability of industry level transaction price data for transfer
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not allowed to do any accounting job as it was perceived to be a man’s job. Major accounting firms did not hire women at all. Now‚ before World War II women were only hired as “bookkeepers”. In 1940 there were 475685 women bookkeepers who represented 51.1% of the bookkeepers then employed (Business and Economics History‚ pg. 79). Out of these masses only 18265 women were later employed as accountants or auditors. Colleges in the past discouraged women from studying accounting courses (Lasseter‚ 1945)
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Cost Allocation Paper Cost Accounting Abstract This article’s focus is how cost accounting allocates costs of a manufacturing plant. All things are hypothetical. The conclusions of this report regarding costing of commercial services provided by Goodyear Tire should be recognized as a theory of the way Goodyear Tire conducts business activities‚ rather than suggestions of how Goodyear Tire should conduct business. Goodyear Tire is a publically traded company‚ which has many different
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Ambiguity and Clarity in Writing Paper Critical Thinking 205 Vagueness‚ Ambiguity and Clarity in Writing Dawsolene M. Burrel CRT/205 June 30‚ 2013 Lennette Jones Vagueness‚ Ambiguity and Clarity in Writing Example 1. This particular case study will reflect an organization with a van that has undergoing internal conflict. It will also analyze the reason for the conflict and offer positive resolutions of this conflict. The project must first understand
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since Mary Ann headed the Human Resource Department since the employees is significantly not performed every year through their annual report performance assessment by the supervisor. 8. The company also hires hundreds of students in case
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Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability to apply numerical
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