Study guide ACG24 Management Accounting This module has been developed using material with the acknowledgement and permission of Horngren‚ C.T.‚ Datar‚ S.‚ Foster‚ G.‚ Rajan‚ M.‚ Ittner‚ C.‚ Wynder‚ M.‚ Maguire‚ W. and Tan R. (2010)‚ Cost Accounting; a Managerial Emphasis (1st Australian Edition)‚ Prentice Hall International‚ Englewood Cliffs‚ New Jersey. We greatly appreciate the support of Leanne Lavelle of Pearson/Prentice-Hall Australia throughout the process. The University of South
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Organizational Culture at Apple Inc Introduction Apple Inc. is a global computer manufacturing company that is going through majo r changes in its organizational culture and it’s organizational structure due to several events of the past few years. This is a company that grew extremely fas t in little time‚ that their management found themselves not being able to keep their operations and finances under control. Apple Inc. has been forced to reeva luate and redesign it’s organizational culture and
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Apple Board of Directors decided to hand over the reins of Apple Inc. to Timothy Donald Cook better known as Tim Cook‚ then Chief Operating Officer(COO)‚ and make him the new Chief Executive Officer of the company. Jobs resigned from the post of CEO and was chosen to be the Chairman of the Board of Directors. Tim cook was also inducted in to the Board. The decision taken by Jobs was not because of any pressure or due to declining sales or problem with the company but because he was suffering from
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Apple‚ Inc. A Case Study in External Communication Executive Summary Background: On June 25‚ 2010 Apple released the iPhone 4. With its sleek‚ new‚ stainless steel frame design‚ thousands of people rushed to buy Apple’s latest gadget. Apple and its partner carriers received 600‚000 pre-orders for the iPhone 4s in the first 24 hours‚ making it the largest number of pre-orders Apple had received in a single day for any device up to that time. By the end of the month‚ Apple had sold over 1.7
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Executive Overview Apple has been established for over 30 years since Steve Jobs and Steve Wozniak founded Apple Computer in 1976. During Steven Jobs’s tenure as CEO‚ Apple’s mission was to bring an easy-to-use computer to market. However‚ Apple was not performing as good as Jobs projected‚ so he resigned in 1985. In the following 12 years‚ Apple experienced three different CEO’s and still could not be brought back to life. Under John Sculley‚ Apple worked to drive down costs by switching much
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only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: absorption costing Absorption costing “absorbs” all manufacturing costs‚ both fixed and variable. 2. Variable costing includes all variable costs — both manufacturing and nonmanufacturing — in inventory. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: variable costing Variable costing includes only manufacturing variable costs in inventory. 3. Under both
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(CBA) Course Syllabus BFIN 340: Cost Accounting I COURSE INFORMATION Course Code & Title: BFIN 340: Cost Accounting I Credits: 3 credits Prerequisite: BFIN 231 Classroom: H204 Schedule: TTh: 8:00 – 9:15 Term: Fall 2014 INSTRUCTOR INFORMATION Instructor: Rima Hakim Office: Bldg G‚ Room 101-H Office Hours: TTh 9:30 – 11:30‚ Else by appointment Instructor’s Email: hakimrc@rhu.edu.lb Textbook & Material: Cost Accounting. 15th edition‚ Horngren‚ Datar and
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Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power‚ so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw in time of rising prices. 2. Real problem of additivity * Some countries allowed revaluation of non-current assets and the different assets are revaluing
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organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However‚ each one has a different cost classification definition. Both have the same direct material and direct labor allocation‚ the differences is how they report the income‚ product‚ and pricing One of the main differences between the two methods is the accounting for the fixed manufacturing costs. In variable costing‚ fixed manufacturing costs are looked
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------------------------------------------------- Apple Inc in 2010 - Executive Summary ------------------------------------------------- ------------------------------------------------- Background: Apple was founded by Steve Jobs with Steve Wozniak on Apr 1‚ 1976. With the inventions of Apple I and II‚ Apple became the Industry Leader till 1980.The entry of IBM In PC Market hit Apple badly in terms of market share. High compatibility issues and higher Prices and the growth of highly compatible IBM PCs nearly ruined Apple. The then
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