CHAPTER 16 (fin man); chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial
Premium Inventory Cost accounting Management accounting
CHAPTER 9 INVENTORY COSTING AND CAPACITY ANALYSIS 9-1 No. Differences in operating income between variable costing and absorption costing are due to accounting for fixed manufacturing costs. Under variable costing only variable manufacturing costs are included as inventoriable costs. Under absorption costing both variable and fixed manufacturing costs are included as inventoriable costs. Fixed marketing and distribution costs are not accounted for differently under variable costing and absorption
Premium Variable cost Costs
first sentence of the very first paragraph of the paper and this section should give the answer to the question‚ don ’t make your reader hunt for it. Explain why this answer is meaningful or useful. 2. Definition - This section defines the managerial question to be analyzed. It also identifies the possible opportunities and alternatives being evaluated. 3. Factors or Costs - This section describes and identifies factors or costs that will influence the analysis of the questions. This section
Premium Opportunity cost Economic cost Entrepreneurship
Chapter 1 – Introduction to Financial Accounting Learning Objectives: After studying Chapter 1‚ you should be able to * Discuss the different classifications of financial transactions * Define an equity investor and a debt investor and understand the difference * Discuss the role of the Securities and Exchange Commission * Name the Big Four accounting firms and define the term “independent auditor” * Define corporate governance * Discuss GAAP and IFRS and the concept of
Premium Financial statements International Financial Reporting Standards Audit
------------------------------------------------- Chapter 4: Leadership‚ management and supervision Chapter learning objectives Upon completion of this chapter you will be able to: * define the term leadership * define the term management * define the term supervision * explain the difference between a leader and a manager * distinguish between the role of the manager and the role of a supervisor * explain the classical approach to management using theories of Fayol and
Premium Management Leadership
_____ decision makers are proactive in finding a problem and reasoning a solution. Rational In the goal model of STAMPS‚ which of the following is associated with being self-chosen? Creating goals that are your own _____ motivation is fine for short-term goals. Extrinsic In the goal model of STAMPS‚ which of the following is associated with being positive? Stating what you plan to do rather than what you will not do A(n) _____ is a code used to help you remember information. Mnemonic
Premium Goal Decision making Motivation
CHAPTER 4 Personality and Values CHAPTER 81 4 Personality and Values LEAR I G OBJECTIVES After studying this chapter‚ students should be able to: 1. 2. 3. 4. 5. I. Define personality‚ describe how it is measured‚ and explain the factors that determine an individual’s personality. Identify the key traits in the Big Five personality model. Demonstrate how the Big Five traits predict behavior at work. Identify other personality traits relevant to OB. Define values‚ demonstrate
Premium Psychology Personality psychology Education
of the following data mining tools helps you apply various mathematical models information to discover new information? A. statistical tools 3. The average price of a movie ticket in the city of New York is $8. This is an example of? A. information 4. AskSocrates Is a web-site that provides definitions and descriptions of many concepts. AskSocrates is not peer-reviewed (a group of peers or experts do not verify the quality of information). Because of this‚ AskSOcrates may not demonstrate which of
Premium Supply chain management Artificial intelligence Data mining
Horngren‚ C.T.‚ Datar‚ S.M. and Foster‚ G. (2003) Cost Accounting - A Managerial Emphasis‚ Pearson Education‚ Inc.‚ New Jersey‚ Eleventh Edition CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-1 The five steps in the decision process outlined in Exhibit 11-1 of the text are: 1. 2. 3. 4. 5. Obtain information Make predictions about future costs Choose an alternative Implement the decision Evaluate performance to provide feedback 11-2 Relevant costs are expected future costs that differ
Premium Variable cost Costs Cost
Chapter 8 Segment and Interim Reporting Chapter Outline I. FASB Accounting Standards Codification Topic 280‚ Segment Reporting (FASB ASC 280)‚ provides current guidance on segment reporting. A. ASC 280 follows a management approach in which segments are based on the way that management disaggregates the enterprise for making operating decisions; these are referred to as operating segments. B. Operating segments are components of an enterprise which meet three criteria. 1. Engage in business
Premium Financial statements Generally Accepted Accounting Principles Revenue