Introduction to Managerial Accounting For this case assignment I am to explain the responsibilities of the management accountant for security and financial integrity in an organization. I will also explain the relationship between management accountants and financial accounts and if I foresee an expanding role for management accounting in organizations. Management accountants work within a specific company. They perform many different tasks to ensure their company’s financial security by handling
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------------------------------------------------- FOUNDATION STAGE TRAINING REPORT NAME : Ashutosh Mishra NAME OF THE DEPARTMENT : Housekeeping NAME OF THE AREA ALLOCATED : Public Area REPORT RECEIVED BY _________________________ (ExecutiveHousekeeper) ______________________ (Training Manager) INDEX Topic Page No. Introduction 3 Department Organisation 3 Work Flow
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Module II: Fundamental Concepts of Managerial Economics * Opportunity Costs‚ Incremental Principle‚ Time perspective‚ Discounting and Equi-Marginal principles. * Theory of the Firm: Firm and Industry‚ Forms of Ownership‚ Objectives of the firm‚ alternate objectives of firm. * Managerial theories: Baumol’s Model‚ Marris’s Hypothesis‚ Williamson’s Model. * Behavioral theories: Simon’s Satisficing Model‚ Cyert and March Model. * Agency theory. * Opportunity cost principle
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Week Two Read Me First MANAGERIAL BUDGETING Introduction This week covers the various cost descriptors such as fixed‚ variable‚ direct‚ indirect and the budget cycle. We will discuss applying cost-benefit analysis to an organizational situation and how it is used at different levels of public budgeting‚ governmental‚ and non-profit accounting. We will discuss line item budgeting‚ program budgeting‚ and performance budgeting This Week in Relation to the Course In the first week we
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Functional Level Strategy After discussing the Business Level Strategy‚ a directional structure is already been made for Pran based on the corporate level strategy ‘Big Target Market’. In business level strategy an overall strategy is proposed which will only be achieved by dividing works between different departments’ ex. Finance‚ Marketing‚ Human Resource Management‚ Research & Development and Production. In functional level strategy there will be a short description of each department work strategy
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Managerial Accounting Reality Check Summaries Professor Shin Hee-Lim Shin 1001006 Reality Check – What’s your blog’s ROI? Summary ROI has been always one of the important factors to determine how profitable the business is doing. However‚ for until last few decades‚ ROI was only implementing to evaluate the hard assets like buildings and equipment. But in nowadays‚ many companies are using ROI to evaluate the investment in technology‚ such as blog. As a following example‚ it shows that
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Functional Requirements Specification Version: 2.0 Date: 14.06.13 DOCUMENT APPROVAL Name Position Title Signature Date Arthur Scargill Users’ representative team /stakeholder group Benvenuto Cellini Project Manager Tim Finnegan Business Analyst Contents 1. Purpose of this Document 4 2. Reference documents 4 3. Scope of the Functional Requirements Specification 4 4. Business Processes 5 User Roles 5 5. Functional Requirements 6
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Quiz Questions for Chapter 1 1. Waverly Company paid $5‚000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and
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Michelle Seefeld Managerial Finance Learning Session 1 Written Assignment Chapter 1 Discussion Question 6 What document is necessary to form a corporation? A corporation is formed through articles of incorporation‚ which specify the rights and limitations of the entity (Block‚ Hirt‚ & Danielson‚ 2011). Web Exercise (pp. 22-23) In summary‚ the credo for Johnson & Johnson challenges the company to put the needs and well-being of the customers first. The former chairman for the company
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1. Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Ans: Inflation: In economics‚ inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be defined as too much money chasing too few goods. When the general price
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