Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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Laurel Cobb Course Title: Managerial Accounting for Decision Making Assignment 1- GAAP‚ JIT‚ and TOC Question/Prompt Please describe the implications of GAAP in an international company and how JIT and TOC are important to making managerial decisions on inventory and activity based accounting. Please delineate various cost categories and briefly describe each cost type and application within an enterprise. Review of Subject Generally Accepted Accounting Principles (GAAP) is a widely accepted
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Section 1: Understand the Importance of Effective Communication in Management 1.1. Explain the Relevance of the Communication Cycle for Effective Communication in Management Communication plays a key part in the success of any business. It is a means of exchanging information to make oneself understood by another which can be vital in a company fulfilling its purpose and hitting its goals and objectives. This exchange could be oral‚ written‚ non-verbal or a combination. Managers need strong
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for you will depend upon your career goals. Earning one of the accounting-related professional certifications is no easy task; however‚ earning and maintaining your certification can increase your chances for advancement and promotion‚ enhance your reputation among colleagues and within the profession‚ and result in salaries that are higher than your non-certified peers as long as you remain ethical. The Profession of Accounting When most people go to college they think of what major would
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coursework group assignment‚ our group had chosen the Apollo Food Holdings Berhad which is listed on the main board of the Bursa Kuala Lumpur. Apollo Food Holdings Berhad is a Malaysia-based company engaged in investment holding and provision of management services. Its own subsidiaries are Apollo Food Industries (M) Sdn Bhd‚ which is engaged in manufacturing and trading in many compound such as chocolates‚ chocolate confectionery products and cakes. The company is manufacturing and selling its products
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Financial Accounting vs Management Accounting Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning‚ controlling and decision making. Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation
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| |1. |Which of the following is the best definition of personality? | | | |a. | | | |Personality is an aggregate set of traits that are mostly determined at birth. | |
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study of the views of management teams in large companies. Entries: 504‚043‚ New the week: 494 (Retrieved 10/2012) Daft R. L. (2011) Organization Theory and Design.‚ Cengage Learning‚ South-Western‚ Vanderbilt University‚ 11th edition Hammer‚ J. (1996). Harper’s Magazine Foundation‚ “Nigeria Crude: a changed man and an oil- fouled landscape. (execution of ken Saro-Wiwa)” Web Journal Retrieved 10/19.2012 Mosley‚ Alisa L. “ A Quantitative Approach to Management: Management in Today’s Organizations
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company had four producing divisions and a timberland division‚ which supplied part of the company’s pulp requirements. For several years each division had been judged independently on the basis of its profit and return on investment. Top management had been working to gain effective results from a policy of decentralizing responsibility and authority for all decisions but those relating to overall company policy. The company’s top officials believed that in the past few years the concept
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Task -1 1.1 Explain the importance of project management principals‚ and explain how it would support to bring solution for the above scenario (1.1) (M2.1) Project Management What is meant by project management? Project management is simply the way in which different areas that are considered in a particular project concerned are bought together in order to achieve a common goal. There are different views that are given by different people about project management. All these ideas‚ differ from one
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