Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
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Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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Analyzing Company Accounts v. Ratio Analysis II. MANAGEMENT ACCOUNTING 3 i. The Objectives of Management Accounting: ii. Scope of Management Accounting: iii. Functions of Management Accounting: iv. Advantages of Management Accounting: v. Limitations of Management Accounting: vi. Tools and Techniques: III. INTRODUCTION TO FINANCIAL RATIOS 8 i. Financial Ratio Analysis: ii. Users of Accounting Information: IV. DESCRIPTION AND DETAIL OF THE COMPANY – SRI LANKA
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“Article 23 of the Indian Constitution – Tool of Protection against Exploitation” TABLE OF CASES * Gaurav Jain v. Union of India‚ AIR 1997 SC 3021 * In the matter of: Prison Reforms Enhancement of Wages of Prisoners‚ AIR 1983 Ker.261 * Labourers Working on Salal Hydro Project v. State of Jammu & Kashmir‚AIR 1984 SC 177 * Nihal Singh v. Ram Bai‚ AIR 1987 MP 126 * People’s Union of Democratic Rights v. Union of India‚ AIR 1982 SC 1473 * Raj Bahadur v
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page 3 Identify the sources of finance available for business page 3 Assess the implications of the different sources of finance page 3 Evaluate appropriate source of finance for a business project page 4 Analyze the cost of different sources of finance page 5 Assignment
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Vocabulary: 1. Industrial Revolution- a term coined in the 1830s by awed contemporaries to describe the burst of major inventions and technical changes that had witnessed in certain industries. 2. Agricultural revolution- eliminated the traditional pattern of village agriculture found in northern and central Europe. 3. Common rights- the new agricultural system had profound implications that eliminated long-standing common rights and fallow. 4. Proletariat- the transformation of large numbers
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for individuals and business The military saying‚ “If you fail to plan‚ you plan to fail‚” is true. People always make plans‚ like teachers plan their Teaching Plans‚ students write outlines to plan their essay‚ and business managers make plans to improve outstanding achievement. A plan‚ on the other hand‚ helps a manager organize resources and activities efficiently and effectively to achieve goals. Making plans is generally beneficial for those individuals and business managers; however‚ there is
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Chapter 16 Managerial accounting concepts and principles 1) Direct costs are identified with and can be traced to a cost object. Indirect costs cannot be identified with or traced to a cost object. 2) Costs by function: A) Product costs consist of manufacturing costs: direct materials‚ direct labor and factory overhead. B) Period costs consist of selling and administrative expenses. 3) A) Prime costs which consist of direct materials and direct labor costs. B) Conversion costs which consist
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Course: Managerial Accounting (ACCTG 4B) – Fall 2014 Lab Assignment No: 8 (Chapter 23) Assignment Due Date: 10/30/14 by 6:00AM Instructions Complete the following problems; make sure to include your calculations. Any incomplete work or partially completed will automatically receive zero points. PART I: Herron Company has budgeted the following unit sales: 2008 Units April 25‚000 May 50‚000 June 75‚000 July 45‚000 Of the units budgeted‚ 40% are sold by the Southern Division at an average
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of IT has changed? 2. Discuss the main changes of recent IT trends? 3. The Information Technology trends offered new ways for competition and new ways of working- Explain that? 4. Discuss how the Information Technology offers new ways of business competition? 5. Discuss how the Information Technology offers new ways of working? 6. Differentiate and explain the advantages & disadvantages for them : Free Agents & Virtual Teams ? 7. What means by IS? What are the three assets
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