Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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600 Week 3 Assignment Communications Skill Assessment Communications Skill Assessment. Most of us have situations where we find it difficult to communicate. Improving your written communication skills and being comfortable speaking to people are extremely important. Develop a 2-3 page APA formatted paper (excluding title and reference pages) in which you analyze your personal communication skills. What assessment did you use to analyze your skills? Do you have communication gaps? Do you need additional
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Soft skills are increasingly becoming the hard skills of today’s work force. It’s just not enough to be highly trained in technical skills‚ without developing the softer‚ interpersonal and relationship-building skills that help people to communicate and collaborate effectively. These people skills are more critical than ever as organizations struggle to find meaningful ways to remain competitive and be productive. Teamwork‚ leadership‚ and communication are underpinned by soft skills development
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Discuss key communication skills that foster effective Learning Teams The foundation for all Learning Teams is based on effective communication. Learning how to develop these skills are necessary if one is to attain the desired goals‚ share a healthy relationship based on trust‚ and mutual understanding. “It is important that all members of the team have a clear understanding of his or her roles and responsibilities” (Ghosh‚ 2008). All of these things are possibly when the team as a whole develop
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Communication is humanities greatest accomplishment‚ however how we communicate can greatly affect the way we ’re understood‚ and how we understand others. Communication is a learned ability with many skills‚ which are programmed into us (for better or worse) by our parents‚ friends and all that we have contact with. These skills can be defined as listening‚ assertion and conflict resolution skills‚ and with all of these skills being used appropriately‚ we can bring down the barriers to communication
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