ACCT 2332 Managerial Accounting Instructor Dr. Michael Yampuler E-mail: myampuler@uh.edu Office: 380K MH Managerial accounting helps managers make decisions A company manufactures a cell phone. It uses machines‚ engineers‚ utilities‚ supervisors etc. How much is the cost of one phone? How much should we sell it for? A footwear company manufactures dress shoes‚ casual shoes‚ and sandals in the same factory. Sandals do not seem to sell well enough. Is it beneficial to discontinue
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Korea’s Samsung. The company replaced its CEO and laid off employees. The recent picture of RIM is not very comforting with its U.S. market share falling to 10 percent last year from 44 percent in 2009‚ as reported by research group NPD. 2. Avon The management team of the company has been seeing a lot of ups and downs in the last few years. Andrea Jung‚ the CEO of Avon lost his job after a disastrous performance and nearly wrecking the company. The CFO‚ Charles Cramb also met the same fate as
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and retake the helm as CEO of the personal computer maker. It was February 2009‚ and Lenovo was stumbling badly on its way to posting a $226 million loss for the financial year ended March 31‚2009. The deficit was an embarrassing setback for a company that only four years earlier had acquired IBM Corp.’s personal computer division for $1.75 billion in one of the boldest attempts ever by a Chinese company to establish itself as a global brand. Liu and Yang‚ as chairman and CEO‚ respectively‚ of Lenovo’s
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scandal Key dates and events that led to the convictions of former Tyco CEO L. Dennis Kozlowski and CFO Mark Swartz: March 13‚ 2001: Tyco announces $9.2 billion cash and stock deal to purchase the CIT Group‚ a commercial finance company. Tyco director Frank Walsh helps arrange the deal. Dec. 5‚ 2001: Tyco shares close at a high of $59.76 on the New York Stock Exchange. Jan. 14‚ 2002: Business Week magazine lists Tyco CEO L. Dennis Kozlowski as one of the top 25 corporate managers of 2001. Jan
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Functional Strategy Team Excel-Lens Submitted by: Chris Herrera‚ Marina Tsvetkov and Berlyn Yap CEO: Overall Corporate Strategies OVERALL STRATEGIES TO ACHIEVE FINANCIAL TARGETS: For our distribution‚ we shipped to the most number of stores we can bring our cameras to. That way‚ our target customers will have access to our product‚ wherever they are. We realize that this means higher costs‚ but we made sure that the profits we made from our distribution strategy are more than enough
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company was mainly owned by his family any decision regarding material aspect was always discussed with the audit committee. Finally‚ outside auditors had given a clean opinion. (2) identifies the issues/questions in the case Nick goes and asks the CFO some questions regarding the first issue which is how
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7 Shareholder Theory 7 Utilitarianism Theory 7 Reference 9 Executive Summary This report is based on Sunbeam Corporation and Albert Dunlap‚ the CEO from 1996 till 1988. In July of 1996‚ Michael Price and Michael Steinhardt hired Dunlap as the CEO and chairman of the board for Sunbeam Corporation. As the two original investors who bought Sunbeam from bankrupt Allegheny Internal‚ Price Steinhardt together own 42 per cent of its stock. Prior to
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policy that all SEC filings be signed by a senior member of the management. These people are President‚ CFO‚ Managing VP and Internal Counsel helps ensure that the filings are correct‚ comply with reporting requirements‚ and are communicated to the other stakeholders in the management of Disney. These are Board of Directors and other Senior Members of the management team. In an era where CEOs and CFOs are continually being called before US Congress to testify on the financial situation within their firms
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prison • Monus and Patrick Finn his CFO • Manipulated I.S. accounts (understate cost of goods sold and overstated inventory) for 6 years • Inventory went from $11 million in 1989 to $153 million in 1991!! • Investors lost over $1.1 billion after Stk. Equity overstated by $500 million. • Problems: Poor MIS‚ poor internal control (bypass accounts payable controls by having a supply of blank checks)‚ hands off management style of CFO‚ inadequate internal auditing‚ collusion
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secondly is Sungai Emas Port Sdn. Bhd. which ran port facilities. In the case‚ Chief Financial Officer (CFO) of the company need to decide whether to pursue the old performance measurement or follows the order of the Chairman of SURIA group of companies. PROTAGONIST The protagonist of this case is Hafiz Hashim who is the Chief Financial Officer (CFO) of MarineCorp Sdn. Bhd. He was appointed as CFO of MarineCorp since 2007. He was responsible for the financial management of MarineCorp and its two
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