INTRODUCTION : Managerial accounting is concerned with providing information to managers – that is ‚ people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes ‚ procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced
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Introduction Pg. 2 II. Accounting Overview Pg. 3 III. Financial (Cost) & Management Accounting Pg. 4 IV. Management Accounting role in the Organization Pg. 6 V. Communication and presentation Pg. 7 VI. Management Process Pg. 8 VII. Conclusion Pg. 10 VIII. End Notes Pg. 11 IX. Bibliography/Further Readings Pg. 12 Introduction As a business owner‚ manager‚ and director of various business entities that I manage‚ I can very
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list of the seven wonders‚ and give a brief description‚ purpose‚ and location of each. Also explain where the list came from. Then answer the following questions: 1. Which of the wonders still exist‚ if any? 2. Which do you find most impressive and why? B. Next visit a website or websites with the Seven Wonders of the Modern World. Once again compile a list and give a brief description and the location of each. Then answer the following questions: 1. You should have found more than one list
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Job order cost system: • Jobs are assigned to each job or batch • A job may be for a specific order of inventory Process cost system : • This cost system is generally used when a large volume of similar products are manufactured Answers: a. A custom yacht builder – job order costing b. A golf course designer – job order costing c. A potato chip manufacturer – process costing d. A business consultant- job order costing e. A plywood manufacturer
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Compute the total manufacturing overhead. What’s the amount of total manufacturing cost in September? Compute the balance in work-in-process inventory at September 30. Compute the balance in wood at September 30. 1 Problem Two Job-Order Costing (12 points) Anthony’s Furniture Inc. (Anthony’s) manufactures furniture in Mississauga. Anthony’s uses job-order costing system and uses machine hours to allocate overhead costs. Estimated overhead for the year was $800‚000 and estimated machine hours
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Chapter 23 Summary • Amir is in hospital after his beating • Rahim Khan has left to die in peace and there is no sign of the adoptive parents he promised for Sohrab • Amir decides to take Sohrab with him to Islamabad while he considers what to do with him. Dreams/blurred images One dream that represents Amir’s troubled mind "Assef was standing in the doorway of my hospital room‚ brass ball still in his eye socket.’We’re the same‚ you and I‚’ he was saying. ’You nursed with him
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Checkpoint Chapter 23 1. Give the name and function of each of the four layers if the GI tract. A. mucosa; inner surface for the secretion of digestive end products. B. submucosa: site of glands‚ blood vessels‚ lymph vessels and nerve plexuses. C. muscularis: circular and longitudinal muscles for propulsion and mixing. D. serosa: serous membrane to reduce friction with movement. 2. Where along the GI tract is the muscularis composed of skeletal tissue? Is control of this skeletal muscle‚ voluntary
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BBUS2541 – ASSIGNMENT #3 Q1 – Exercise 4-18 Percentage of Physical Completion w/respect Equivalent Units Units to conversion Direct Material Conversion Work in Process‚ October 1 1‚000 40% Units Started during October 5‚000 Total Units to account for 6‚000 Units from beginning WIP‚ completed & transferred out during October 1‚000 100% 1‚000 1‚000 Units started & completed during Oct 3‚000 3‚000 3‚000 Work in Process‚ Oct 31 (20% as to con) 2
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Cash Basis vs. Accrual Basis Accounting Cash basis accounting and the accrual basis accounting are two accounting methods used to keep track of a business’s income and expenses. In accrual basis accounting‚ revenue is recorded as it is earned and expenses are recorded when they generate revenue. Under cash basis accounting‚ only transactions involving increases or decreases of the entity’s cash are recorded. One of the major differences is the reporting of net income and net cash flows
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Managerial Accounting 222 Week 1 Questions 1-1 How does managerial accounting differ from financial accounting? Managerial accounting and financial accounting differs in who the reporting is for and for what purpose. Managerial accounting is for company managers to use to plan‚ control‚ and make decisions regarding specific strategies. Financial accounting is prepared for owners‚ stakeholders‚ creditors‚ and government authorities and is used to verify information regarding the economic
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