Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important
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Loft insulation is the most cost-effective energy efficiency measure that can be installed. It can reduce heating costs up to 20%. The purpose of them is to hold the heat below within the property‚ reducing heat loss to the roof void and outside but also reducing the amount of heating needed to maintain the property at an ideal temperature. With insulation‚ the property will be warmer‚ more comfortable and it will cost less to heat. How loft insulation reduces heat loss? Heat will always flow
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In the article‚ the author expresses how music evokes memories‚ feelings‚ and sensations. Music therapy has been found to be effective for patients with dementia. Schaeffer explains that music shares a close relationship with your unconscious emotions and the emotions are activated by musical movement. The feelings are so strong that they are meaningful even if the patient cannot remember who they are. Music therapy improves wellbeing in the following areas: memory recall‚ vocal fluency‚ positive
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Research department and Global Marketing department. NASA and EROW operate as profit centers each produce butyl and halobutyl dedicated to regional customers. Both of the centers have relatively flexible producing schedule to satisfy the increasing demand of halobutyl. After establishing the second plant in Sarnia‚ NASA is able to have each plant producing halobutyl and regular butyl. EROW‚ which has been running near capacity since 1980‚ solely focus on the production of halobutyl. Any idle capacity is
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Entity: | Vietcombank | | Period ended: | 31/12/2012 | Significant class of transactions/significant disclosure process name: | Credit origination - Transaction processing | | Significant class of transactions/ significant disclosure process owner: | Credit Policty at HODebt management division Client Division | | We obtain an understanding of the significant classes of transactions (SCOTs) and significant disclosure processes to identify and understand the risks of material misstatement
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our economic system.” Do you agree? Explain. I agree because I think Accounting is part of our economic system specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system. 2. Identify and describe the steps in the accounting process. 1. Identifying the financial transaction a business may perform several transactions. Of which‚ only
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information systems that support the entire organization are A. enterprise resource planning systems and dashboards B. transaction processing systems and office automation systems C. enterprise resource planning systems and transaction processing systems D. expert systems and office automation systems Answer: C 2) _______ is the direct use of information systems by employees in their work A. Transaction processing systems B. End-user computing C. Decision support systems D. Management
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17‚ 2012 Almost everyone will take prescription and non-prescription medication. It is estimated that 82% of United States (U.S.) adults will use prescription medicines‚ over-the-counter remedies‚ and/or dietary/herbal supplements. Nearly one-third will use five or more different medications (citation). Most of the times these medications are advantageous‚ however on occasion can cause an adverse drug event (ADE) to the person taking them. ADEs are a serious public health problem. An ADE is
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CITY DEVELOPMENT STRATEGIES TO REDUCE POVERTY i © 2004 by the Asian Development Bank June 2004 This publication was prepared under Regional Technical Assistance 6026: Promoting Urban Poverty Reduction through Participation in the Cities Alliance by the Agriculture‚ Natural Resources and Social Sectors Division of the Regional Sustainable Development Department‚ Asian Development Bank (ADB). The findings‚ interpretations‚ and conclusions expressed do not necessarily represent the views of ADB
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