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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Price Elasticity: Price Elasticity is used to explain the degree of responsiveness of the demand for a product to a change in its price. Ep=Percentage change in quality demanded/Percentage change in price (Ep=Price Elasticity) Practical applications of Price Elasticity: 1) Helps in fixing the prices of different goods: It helps a producer to fix the price of his product. A higher price is charged if the demand for the product is inelastic and a lower price is charged if the demand for the product
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rgAccountability Affective commitment Analyzer corporate strategy Attribution process 10 The responsibility placed on an individual or group for their own or others’ actions‚ conduct‚ performance‚ projects‚ etc. The attachment one feels towards an organization based on positive feelings. A strategy that exploits new opportunities at an early stage while simultaneously maintaining a base of traditional products or services. The perceptual process of deciding whether an observed behaviour or
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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5. Managerial Grid The x/y axis on the grid consist of two behavior dimensions‚ concern for people and concern for production. Concern for people is the degree to which a leader considers the needs of employees when deciding how tasks or jobs should be done. This can be personal or professional development. This behavior dimension moves along the y-axis. Concern for production is the degree to which a leader emphasizes objectives and productivity goals when deciding how tasks or jobs should
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Accounting 211: Introduction to Managerial Accounting Fall 2013 Syllabus Professor Feng Gao‚ Ph.D. Phone: (312) 996 – 4438 Office Hours: Monday 1:00 – 2:00pm 2321 UH Wednesday 1:00 – 2:00pm 2321 UH Teaching Assistant Uma Mulakala Office Hours: Tuesday 1:00-3:00pm 2347 UH Thursday 1:00-3:00pm 2347 UH Anita Ivanova Office Hours/Review Sessions: TBA Course Email: actg211uic@gmail.com Class Schedule 27836 11:00-11:50 M/W/F LC A001 27837
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Chapter7&8 discussion questions CHAPTER 7 Discussion Questions : #2. Why is there a trend toward cross-functional integrated enterprise systems in business? Due to positive turnout of many businesses‚ cross-functional integrated systems is not only becoming a trend but will be here to stay. The whole system provides savings from time‚ cost and quality compared to manually re-entering of data from one business function system into another system especially if it is still on a non-integrated
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.......................................................................... 17 References .......................................................................................................................................... 18 Appendix 1: Competency Matrix ....................................................................................................... 19 Page 1 Capstone Proposal Summary My Capstone Project is about Microsoft Windows Deployment Services (WDS). W DS is a service
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TECHNICAL WRITING AND SCIENTIFIC REPORTING TYPES OF TECHNICAL REPORT I. BASES OF REPORT CLASSIFICATION A. Subject Matter – based on subject field such as accounting‚ business‚ medicine‚ economics‚ marketing‚ engineering and the like B. 1. Time-interval – based on frequency of occurrence: daily‚ weekly‚ monthly or annually. Examples include 1. Routine weekly and monthly reports made by salesmen 2. Periodic progress reports in big corporations 3. The corporation’s annual report of operations
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ACT 5733 – Advanced Managerial Accounting Fall 2012 HW #3 Question #1 Consider the following potential investment‚ which has the same risk as the firm’s other projects: Time Cash Flow 0 -$95‚000 1 $20‚000 2 $24‚000 3 $24‚000 4 $24‚000 5 $24‚000 6 $32‚000 a) What are the investment’s payback period‚ IRR‚ and NPV‚ assuming the firm’s WACC is 10%. b) If the firm requires a payback period of less than 5 years‚ should this project be accepted? Answer: Yes it should accept
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