MANAGERIAL ACCOUNTING SOMNATH DAS BASICS OF MANAGERIAL ACCOUNTING Purpose of the course - familiarize you with: 1. Managerial accounting concepts. 2. Managerial accounting practices. 3. Use of managerial accounting information for decision making. 4. Pitfalls. Accounting is a branch of study concerned with the generation ( identification & measurement ) and provision (Communication) of information. Managerial accounting is in particular
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What is the appropriate and right amount of food we eat? In the article‚ “Want Fewer Fries with That‚” the authors Paul Rozin and Andrew Geier discuss obesity and the differences in food consumptions amongst Americans and the French. Their main argument is‚ “We would have a somewhat more advantage on our health and obesity if places that sale and serve food would cut their portion sizes and charge the same‚ they would make a profit‚ but we would be healthier.” They speculate that “unit bias” suggests
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1. Companies need a clearer understanding of the link between loyalty and profits in order to get strong returns on relationship programs. 2. Companies will have to find ways to measure the relationship between loyalty and profitability so that they can better identify which customers to focus on and which to ignore. 3. Loyal customers will be more familiar with a company’s transaction processes. Because they need less hand-holding‚ the company should find it cheaper to deal with them. 4. Consumers
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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Cost Accounting in Theory The last two decades has seen a revolution in management accounting theory and practice due to the challenges of the competitive environment in the 1980s. Kaplan and Johnson (1987) identified the failings and obsolescence of existing cost and performance measurement systems‚ which led to the re-examination of traditional cost accounting and management control systems. Conventional financial and management accounting methods have developed primarily as a result of corporate
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TYSON FOODS POWERS THE FIGHT AGAINST HUNGER Mitchell Communications Group‚ Inc. (MCG)‚ 2007 Summary Working with the public relations firm‚ Mitchell Communications Group‚ Inc.‚ Tyson Foods "wanted to develop a more strategic overall approach to hunger relief that would engage stakeholders on a more meaningful level including: Tyson team members; community leaders and elected officials; retail and food service customers; and a larger number of organizations and individuals involved in a hunger
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In Gendler’s paper‚ On the Epistemic Costs of Implicit Bias‚ the dilemma between social knowledge and unfair treatment is presented and discussed. Gendler starts by presenting information on base rates and how background information that can show to be extremely important can be mentally dismissed since our minds are not trained for statistical calculations of chance. Then‚ she speaks directly to the reader on how categorizing is something that we all do‚ in order to prove her point that mere knowledge
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ARTICLE IN PRESS Journal of Financial Economics 92 (2009) 443–469 Contents lists available at ScienceDirect Journal of Financial Economics journal homepage: www.elsevier.com/locate/jfec Seasoned equity offerings: Quality of accounting information and expected flotation costs$ Gemma Lee a‚ Ronald W. Masulis b‚Ã a b W. Paul Stillman School of Business‚ Seton Hall University‚ South Orange‚ NJ 07079‚ USA Owen Graduate School of Management‚ Vanderbilt University‚ Nashville‚ TN 37203‚ USA
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On July 1st 2008 an article was written by Nicholas Carr titled “Is Google Making Us Stupid?” and this article was taken differently by many people. He talks about how he has problems reading ever since he discovered Google. Carr states “my concentration often starts to drift after two or three pages. I get fidgety‚ lose the thread‚ begin looking for something else to do” (2) and he blames Google is the problem. He believes the constant multi-tasking and skimming over articles on the internet has
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A Summary and Critique of COMEX: A Cost Management Expert System Danijela Grahovac and Vladan Devedzic (2010) wrote an article about an expert cost management system called COMEX (cost management expert system). The article offers an explanation of what the system is designed to do and how it assists billing departments within a company in particular. The system assists in the gathering of costing data pertaining to products‚ services and customers (Grahovac & Devedzic‚ 2010). Cost management
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